What is Coursera's unbilled balances?

Coursera (COUR) reported unbilled balances of $14.3M in Q1 2026.

How has Coursera's unbilled balances changed year-over-year?

Coursera's unbilled balances increased by 20.2% year-over-year, from $11.9M to $14.3M.

What is the long-term trend for Coursera's unbilled balances?

Over 4 years (2021 to 2025), Coursera's unbilled balances has grown at a -11.6% compound annual growth rate (CAGR), from $12.11M to $7.4M.

Coursera COUR Unbilled balances

Unbilled balances at other companies

BlackbaudBLKB

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Other financials

Income statement

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Revenue$195.7M+9.1%

Gross profit$108.6M+10.9%

Operating income-$25.3M-75.7%

Net income-$20.5M-163%

EPS (diluted)-$0.12-140%

Balance sheet

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Cash & equivalents$790.7M+5.6%

Total debt$5.7M+86.0%

Total equity$631.8M+3.5%

Total assets$1.0B+5.2%

Cash flow

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Operating cash flow$14.6M-56.4%

CapEx$200.0K-60.0%

Free cash flow$14.4M-56.4%

Valuation

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Market cap$1.74B-7.6%

P/S2.3×-0.4×

Profitability

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Gross margin54.8%+0.9pp

Operating margin-11.4%-1.7pp

Net margin-8.2%-0.9pp

FCF margin11.4%-3.1pp

Returns & leverage

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Return on equity-10.3%-0.5pp

Debt / equity0×0.0×

Current ratio2.5×-0.1×

Where this comes from

Reported directly by Coursera in its filing.

Tagged under the XBRL concept us-gaap:UnbilledContractsReceivable.

The official record: Coursera’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coursera's unbilled balances?: Coursera (COUR) reported unbilled balances of $14.3M in Q1 2026.
How has Coursera's unbilled balances changed year-over-year?: Coursera's unbilled balances increased by 20.2% year-over-year, from $11.9M to $14.3M.
What is the long-term trend for Coursera's unbilled balances?: Over 4 years (2021 to 2025), Coursera's unbilled balances has grown at a -11.6% compound annual growth rate (CAGR), from $12.11M to $7.4M.