Coursera (90E) AI Stock Analysis

Company Guidance

For Q4 2026, Coursera expects revenue of $358 million to $366 million and adjusted EBITDA between $55 million and $59 million, achieving the 16% Q4 margin target established in June; for full year 2026, it anticipates as-reported revenue of $1.229 billion to $1.237 billion, equivalent to $1.503 billion to $1.511 billion on a normalized basis, and remains confident in the approximately 14% full year adjusted EBITDA margin target. For 2027, the company is not providing formal guidance today, but its starting assumption is that each segment's fourth quarter revenue trajectory is broadly representative of its normalized full year 2027 growth rate, implying approximately flat to modestly declining revenue for Enterprise and a low double-digit year-over-year decline for Consumer, with potential revenue dis-synergies, no cross-sell contribution, and no material revenue contribution from Project Helix assumed. Project Helix is expected to begin rolling out in 2027, targeting broad enterprise availability in the first half of 2027, while the full year 2027 adjusted EBITDA margin target will be provided next quarter; the company also expects to have more than $150 million of annualized gross cost savings by year-end supporting the $115 million annual run rate net synergy target, on track to deliver it just 8 months after close compared with the original 24-month plan.