Mission Statement, Vision, & Core Values (2024) of Coursera, Inc. (COUR)

An Overview of Coursera, Inc. (COUR)

General Summary of Coursera, Inc.

Coursera, Inc. was founded in 2012 by Stanford professors Andrew Ng and Daphne Koller, with a mission to provide universal access to high-quality education. As of 2024, Coursera has become one of the largest online learning platforms globally, boasting 162 million registered learners. The company partners with over 350 leading universities and industry organizations to offer a diverse array of educational content, including courses, Specializations, Professional Certificates, Guided Projects, and both bachelor’s and master’s degrees.

Coursera’s products and services cater to various users, including individual learners, businesses, and educational institutions. The platform is designed to help users upskill and reskill in key fields such as data science, technology, and business.

As of 2024, Coursera's total sales reached $515.5 million for the first nine months, reflecting a steady demand for online education and skills training.

Company's Financial Performance in the Latest Financial Reports

In the third quarter of 2024, Coursera reported a total revenue of $176.1 million, representing a 6% increase from $165.5 million in the same quarter of the previous year. The gross profit for this period was $96.2 million, translating to a gross margin of 55% of revenue, compared to 50% a year earlier.

Key financial metrics for the third quarter include:

Coursera achieved a net cash provided by operating activities of $27.8 million for the third quarter, compared to $19.8 million a year prior. The company’s net loss improved to $(13.7) million, a significant reduction from $(32.1) million in the previous year. This improvement reflects the company's focus on sustainable growth and profitability.

Coursera as a Leader in the Industry

Coursera stands out as a leading player in the online education industry. Its extensive partnerships with prestigious institutions and companies allow it to offer high-quality, relevant education that meets the evolving needs of learners and employers alike. The platform's diverse offerings, including industry-recognized certifications and degree programs, position it as a key resource for individuals seeking to enhance their skills in a competitive job market.

With a commitment to innovation, Coursera continues to expand its course catalog and enhance its learning platform, making it a go-to destination for learners worldwide. As of September 30, 2024, Coursera had added more than 7 million new registered learners in just one quarter, highlighting its robust growth trajectory and demand for its services.

For more details on Coursera's initiatives, financial performance, and future outlook, further exploration is encouraged to understand the factors contributing to its success in the online education sector.

Mission Statement of Coursera, Inc. (COUR)

Mission Statement of Coursera, Inc. (COUR)

The mission statement of Coursera, Inc. is to provide universal access to world-class learning. This mission drives the company's long-term goals, focusing on creating a platform that democratizes education and empowers individuals to achieve their professional and personal growth. As of 2024, Coursera continues to innovate and expand its offerings, aligning with its mission to meet the demands of a rapidly changing global workforce.

Core Component 1: Universal Access

Universal access emphasizes Coursera's commitment to making high-quality education available to learners worldwide. The platform has achieved significant milestones in this area, boasting approximately 162 million registered learners as of September 30, 2024 . This expansive reach includes partnerships with over 350 leading universities and industry partners, which facilitate a diverse catalog of courses and credentials .

Core Component 2: World-Class Learning

The second core component, world-class learning, highlights Coursera's dedication to high-quality educational content. The platform offers a range of learning experiences, including Professional Certificates, Specializations, and degree programs. As of Q3 2024, Coursera reported new certificate launches in collaboration with industry leaders such as Adobe, Microsoft, and IBM, further enhancing the quality of its offerings .

Additionally, Coursera introduced over 20 new and upgraded generative AI certificates in 2024, reflecting its commitment to staying at the forefront of educational technology .

Core Component 3: Empowerment through Learning

The third component, empowerment through learning, signifies the impact of education on personal and professional development. Coursera's mission aims to equip learners with in-demand skills essential for today's job market. In Q3 2024, the company reported a 10% increase in enterprise revenue and a total of 1,564 paid enterprise customers, indicating strong demand for its learning solutions among organizations .

Furthermore, Coursera's initiatives in human capital development, particularly through partnerships with government entities, underscore its role in fostering workforce skills globally .

Overall, Coursera's mission statement encapsulates its vision for a future where education is accessible, high-quality, and empowering for all learners. The company continues to adapt and innovate, ensuring it meets the evolving needs of its global audience while maintaining its core principles.

Vision Statement of Coursera, Inc. (COUR)

Vision Statement of Coursera, Inc. (COUR)

As of 2024, Coursera's vision statement emphasizes its commitment to providing universal access to world-class learning opportunities. This vision reflects the company's strategic direction and operational focus in a rapidly evolving educational landscape.

Coursera aims to ensure that high-quality education is accessible to learners worldwide. As of September 30, 2024, Coursera has registered over 162 million learners, demonstrating its expansive reach and commitment to democratizing education. The platform collaborates with more than 350 university and industry partners to provide a diverse range of courses, specializations, and degree programs.

Innovative Learning Solutions

Coursera is dedicated to leveraging technology to enhance learning experiences. The introduction of features such as Coursera Coach for interactive instruction and career guidance illustrates this commitment. These innovations aim to provide tailored learning paths based on individual goals and experiences. The company has also launched over 20 new generative AI certificates in collaboration with industry leaders like Google and IBM, showcasing its focus on emerging skills.

Partnerships with Leading Institutions

Coursera's vision includes strong partnerships with educational institutions and industry leaders. In the third quarter of 2024, Coursera welcomed ten new educator partners, including prestigious institutions like the University of Oxford and IMD Business School. This expansion enriches the platform's educational offerings and enhances its credibility within the academic community.

Commitment to Lifelong Learning

Coursera envisions a future where lifelong learning is integral to personal and professional development. The platform's courses are designed to help learners upskill and reskill in various fields, such as data science and technology. In Q3 2024, Coursera reported a 10% increase in enterprise revenue, reflecting the growing demand for workforce development solutions. This growth underscores Coursera’s commitment to meeting the evolving educational needs of individuals and organizations alike.

Financial Performance and Strategic Goals

Coursera's financial performance in 2024 reflects its strategic vision. For the third quarter of 2024, the company reported a revenue of $176.1 million, marking a 6% increase year-over-year. The non-GAAP net income reached $16.6 million, showcasing a significant improvement from previous years. These figures highlight Coursera's focus on sustainable growth while expanding its educational impact globally.

Coursera's vision for 2024 encapsulates a forward-thinking approach, emphasizing global accessibility, innovative learning solutions, and partnerships with leading institutions. With a strong focus on lifelong learning and sustainable financial performance, Coursera is positioning itself as a leader in the online education sector.

Core Values of Coursera, Inc. (COUR)

Core Value: Learner-Centricity

The core value of learner-centricity emphasizes Coursera's commitment to placing learners at the heart of its operations. This value is critical as it drives the development of programs and services that cater to the diverse needs of learners globally.

In Q3 2024, Coursera reported a total of 162 million registered learners, having added more than 7 million new learners in just one quarter. This growth reflects Coursera's dedication to expanding access to high-quality education.

Specific initiatives demonstrating this commitment include the introduction of over 20 new and upgraded generative AI certificates and the launch of nine new entry-level Professional Certificates with partners such as Adobe and IBM. These programs are designed to equip learners with in-demand skills that align with current job market requirements.

Core Value: Innovation

Innovation is a cornerstone of Coursera's strategy, driving the development of new learning experiences and technologies. This value is vital for maintaining a competitive edge in the rapidly evolving online education landscape.

In Q3 2024, Coursera launched Coursera Coach, an interactive instruction platform that leverages advanced AI technologies to enhance the learning experience. This tool is designed to provide personalized learning paths and career guidance, facilitating a tailored educational journey for each learner.

Furthermore, Coursera partnered with the Saudi Arabia Ministry of Communications and Information Technology to develop human capital in digital skills, showcasing its innovative approach to addressing global educational needs.

Core Value: Accessibility

Accessibility is a fundamental value for Coursera, aimed at breaking down barriers to education and ensuring that everyone has the opportunity to learn. This commitment is reflected in Coursera's diverse range of offerings and partnerships.

As of September 30, 2024, Coursera has partnered with over 350 leading universities and industry partners to provide a broad catalog of content that includes courses, Specializations, and degree programs. This extensive network allows Coursera to cater to learners from various backgrounds, ensuring that high-quality education is available to all.

Moreover, Coursera's alignment with India's National Skills Qualification Framework (NSQF) for ten Professional Certificates from Google and IBM exemplifies its efforts to enhance educational accessibility.

Core Value: Collaboration

Collaboration is integral to Coursera's operational framework, fostering partnerships with educational institutions and businesses to enhance learning outcomes. This value is essential for driving shared success and expanding educational reach.

In Q3 2024, Coursera welcomed ten new educator partners, including prestigious institutions like the University of Oxford and Johns Hopkins Medicine. These collaborations enrich Coursera's course offerings and elevate the quality of education provided to learners.

Additionally, Coursera for Business launched new talent development programs with companies such as Aptiv and JSW Group, highlighting its commitment to collaborative growth in the corporate training sector.

Core Value: Integrity

Integrity is a foundational value for Coursera, underpinning its commitment to ethical practices and transparency in all operations. This value is crucial for building trust with learners and partners alike.

Coursera's status as a public benefit corporation and a certified B Corp reflects its dedication to maintaining high ethical standards while pursuing social impact. This commitment is further demonstrated through the company's transparent reporting of financial performance and operational goals.

In Q3 2024, Coursera reported a net loss of $(13.7) million, which is an improvement from $(32.1 million) a year ago, showcasing a responsible approach to financial management while striving for growth. The company also raised its full-year 2024 Adjusted EBITDA Margin outlook by 170 basis points to 5.4%.

Article updated on 8 Nov 2024

Resources:

• Coursera, Inc. (COUR) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Coursera, Inc. (COUR)' financial performance, including balance sheets, income statements, and cash flow statements.
• SEC Filings – View Coursera, Inc. (COUR)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.