Coursera Files Pro Forma Financials for Udemy Merger, Revealing Combined Losses
Summary
Coursera filed an amendment to its May 11, 2026 8-K, providing the required historical financial statements for acquired Udemy and unaudited pro forma combined financial statements.
Key Events
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Merger Financials Disclosed
This 8-K/A amends the original May 11, 2026 filing to include the historical financial statements of Udemy, Inc. and the unaudited pro forma condensed combined financial statements of Coursera and Udemy.
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Combined Net Losses Reported
The unaudited pro forma statements show a combined net loss of $52.7 million for the three months ended March 31, 2026, and $197.6 million for the year ended December 31, 2025.
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Acquisition Accounting Details
The filing details the preliminary purchase price allocation for the Udemy acquisition, with an estimated merger consideration of $673.5 million and preliminary goodwill of $161.6 million.
Analysis
This amendment provides the crucial financial details of the recently completed Udemy merger, allowing investors to assess the combined entity's financial position and operating results. The inclusion of Udemy's historical financials and the pro forma combined statements is essential for understanding the full financial impact of the acquisition, particularly the reported combined net losses, which will influence future valuation and strategic decisions.
At the time of this filing, COUR was trading at $5.28 on NYSE in the Technology sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $5.00 to $13.56. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.