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coursera Coursera Reports Second Quarter Fiscal 2021 Financial Results Revenue grows 38 % year - over - year on global demand for reskilling Entry - level Professional Certificates drive strong Consumer performance August 3 , 2021 Exhibit 99.1 MOUNTAIN VIEW , Calif . ( BUSINESS WIRE ) - Coursera ( NYSE : COUR ) today announced financial results for its second quarter of fiscal 2021 , ended June 30 , 2021 . " Our second - quarter result reflects the growing adoption and impact of our platform around the world . Institutions are using Coursera to launch large scale reskilling efforts , and learners are coming to the platform to upskill for high - demand digital roles , " said Coursera CEO Jeff Maggioncalda . " Working with global brands like Google , IBM and Facebook , we have assembled a broad catalog of job - relevant content and credentials that are helping learners with no college degree or industry experience learn the skills needed to start new digital careers . " Financial Highlights for Second Quarter Fiscal 2021 Total revenue was $ 102.1 million , up 38 % from $ 73.7 million a year ago . Gross profit was $ 60.9 million or 59.7 % of revenue , up 58 % from $ 38.6 million a year ago . Non - GAAP gross profit was $ 61.8 million or 60.6 % of revenue , up 60 % from $ 38.7 million a year ago . Net loss was $ ( 46.4 ) million or ( 45.4 ) % of revenue , compared to $ ( 13.9 ) million or ( 18.9 ) % of revenue a year ago . Non - GAAP net loss was $ ( 6.9 ) million or ( 6.8 ) % of revenue , compared to $ ( 10.3 ) million or ( 14.0 ) % of revenue a year ago . Adjusted EBITDA was $ ( 2.9 ) million or ( 2.8 ) % of revenue , compared to $ ( 7.9 ) million or ( 10.6 ) % of revenue a year ago . Net cash used in operating activities was $ ( 5.5 ) million , compared to $ 11.4 million provided by operating activities a year ago . Free cash flow was $ ( 8.5 ) million , compared to $ 8.3 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 . " In the second quarter , revenue grew 38 % year - over - year with strong momentum across our three - sided learning platform , ” said Ken Hahn , Coursera's CFO . " Following our pandemic - related surge in 2020 , we believe we are seeing sustained structural demand for online learning as businesses , governments and individual learners seek the skills required to compete in today's economy . "