Coursera files for IPO amid online learning boom

Taking advantage of the online education boom, Coursera files its S-1 as the first step to IPO. As a result, you can find out some very interesting data on Coursera’s business over the last year….

The nine-year-old company brought in roughly $293 million in revenue for the fiscal year ended December 31 — a 59% growth rate from 2019, according to the filing. Net losses widened by roughly $20 million year over year, reaching $66.8 million in 2020.

The company said it added over 12,000 new degrees students over the two years ended December 31, 2020 at an average acquisition cost of under $2,000.

Total registered users grew 65% year over year in 2020.