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Earnings Release Q1 FY21 Coursera Reports First Quarter Fiscal 2021 Financial Results Revenue grows 64 % Year Over Year ● Professional Certificates momentum drives registered learners to 82 million May 4 , 2021 MOUNTAIN VIEW , Calif . ( BUSINESS WIRE ) - Coursera ( NYSE : COUR ) today announced financial results for its first quarter of fiscal 2021 , ended March 31 , 2021 . " The COVID - 19 pandemic has dramatically changed the way we learn , teach , and work . Our strong first - quarter performance reflects the continued trend of individuals and institutions embracing online learning to develop skills for a digital future , ” said Coursera CEO Jeff Maggioncalda . “ We believe the digital transformation of higher education is only in the early innings , and we see many opportunities to drive growth for Coursera in the years ahead . " Financial Highlights for First Quarter Fiscal 2021 ● coursera ● ● Total revenue was $ 88.4 million , up 64 % from $ 53.8 million a year ago . Gross profit was $ 49.5 million or 56.1 % of revenue , up 71 % from $ 28.9 million a year ago . Non - GAAP gross profit was $ 49.6 million or 56.2 % of revenue , up 71 % from $ 29.0 million a year ago . Net loss was $ ( 18.7 ) million or ( 21.1 ) % of revenue , compared to $ ( 14.3 ) million or ( 26.6 ) % of revenue a year ago . Non - GAAP net loss was $ ( 13.4 ) million or ( 15.1 ) % of revenue , compared to $ ( 11.3 ) million or ( 21.0 ) % of revenue a year ago . Adjusted EBITDA was $ ( 10.1 ) million or ( 11.5 ) % of revenue , compared to $ ( 9.9 ) million or ( 18.4 ) % of revenue a year ago . Net cash used in operating activities was $ ( 4.3 ) million , compared to $ ( 7.5 ) million a year ago . Free cash flow was $ ( 8.6 ) million , compared to $ ( 9.9 ) million a year ago . For more information regarding the non - GAAP financial measures discussed in this press release , please see " Non - GAAP Financial Measures " and " Reconciliation of GAAP to Non GAAP Financial Measures " below . " During the first quarter , we demonstrated our ability to scale all parts of our business with revenue growth of 64 % year - on - year , " said Ken Hahn , Coursera's CFO . " Our freemium model allows us to acquire learners at a low cost and meet their lifelong learning needs with a growing selection of premium , job - relevant content and credentials . " Operating Segment Highlights ● Consumer revenue for the first quarter was $ 51.9 million , up 61 % from a year ago on broad - based strength across all regions and strong adoption of recently launched Professional Certificates . Segment gross margin was $ 29.7 million , or 57 % of Consumer 1