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Side-by-side financial comparison of Coursera, Inc. (COUR) and GCM Grosvenor Inc. (GCMG). Click either name above to swap in a different company.

Coursera, Inc. is the larger business by last-quarter revenue ($196.9M vs $177.1M, roughly 1.1× GCM Grosvenor Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs -13.6%, a 46.5% gap on every dollar of revenue. On growth, Coursera, Inc. posted the faster year-over-year revenue change (9.9% vs 7.2%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $5.4M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs 7.9%).

Coursera Inc. is an American for-profit online university, earlier operating as a global massive open online course provider from 2012 until 2021. It was founded in 2012 by Stanford University computer science professors Andrew Ng and Daphne Koller. Coursera works with universities and other organizations to offer online courses, certifications, and degrees in a variety of subjects.

GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.

COUR vs GCMG — Head-to-Head

Bigger by revenue
COUR
COUR
1.1× larger
COUR
$196.9M
$177.1M
GCMG
Growing faster (revenue YoY)
COUR
COUR
+2.7% gap
COUR
9.9%
7.2%
GCMG
Higher net margin
GCMG
GCMG
46.5% more per $
GCMG
32.8%
-13.6%
COUR
More free cash flow
GCMG
GCMG
$169.6M more FCF
GCMG
$175.0M
$5.4M
COUR
Faster 2-yr revenue CAGR
GCMG
GCMG
Annualised
GCMG
27.5%
7.9%
COUR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COUR
COUR
GCMG
GCMG
Revenue
$196.9M
$177.1M
Net Profit
$-26.8M
$58.2M
Gross Margin
54.2%
Operating Margin
-16.4%
30.9%
Net Margin
-13.6%
32.8%
Revenue YoY
9.9%
7.2%
Net Profit YoY
-24.1%
149.2%
EPS (diluted)
$-0.16
$0.23

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
COUR
COUR
GCMG
GCMG
Q4 25
$196.9M
$177.1M
Q3 25
$194.2M
$135.0M
Q2 25
$187.1M
$119.7M
Q1 25
$179.3M
$125.8M
Q4 24
$179.2M
$165.3M
Q3 24
$176.1M
$122.9M
Q2 24
$170.3M
$117.0M
Q1 24
$169.1M
$108.9M
Net Profit
COUR
COUR
GCMG
GCMG
Q4 25
$-26.8M
$58.2M
Q3 25
$-8.6M
$10.5M
Q2 25
$-7.8M
$15.4M
Q1 25
$-7.8M
$463.0K
Q4 24
$-21.6M
$7.6M
Q3 24
$-13.7M
$4.2M
Q2 24
$-22.9M
$4.8M
Q1 24
$-21.3M
$2.1M
Gross Margin
COUR
COUR
GCMG
GCMG
Q4 25
54.2%
Q3 25
54.6%
Q2 25
54.9%
Q1 25
54.6%
Q4 24
53.3%
Q3 24
54.6%
Q2 24
53.0%
Q1 24
52.9%
Operating Margin
COUR
COUR
GCMG
GCMG
Q4 25
-16.4%
30.9%
Q3 25
-8.0%
32.7%
Q2 25
-8.1%
16.1%
Q1 25
-8.0%
12.2%
Q4 24
-17.0%
26.4%
Q3 24
-12.3%
20.3%
Q2 24
-18.3%
17.8%
Q1 24
-17.6%
-14.7%
Net Margin
COUR
COUR
GCMG
GCMG
Q4 25
-13.6%
32.8%
Q3 25
-4.4%
7.8%
Q2 25
-4.2%
12.9%
Q1 25
-4.4%
0.4%
Q4 24
-12.1%
4.6%
Q3 24
-7.8%
3.4%
Q2 24
-13.4%
4.1%
Q1 24
-12.6%
2.0%
EPS (diluted)
COUR
COUR
GCMG
GCMG
Q4 25
$-0.16
$0.23
Q3 25
$-0.05
$0.16
Q2 25
$-0.05
$0.05
Q1 25
$-0.05
$-0.02
Q4 24
$-0.13
$0.09
Q3 24
$-0.09
$0.03
Q2 24
$-0.15
$0.04
Q1 24
$-0.14
$-0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
COUR
COUR
GCMG
GCMG
Cash + ST InvestmentsLiquidity on hand
$792.6M
$242.1M
Total DebtLower is stronger
$428.4M
Stockholders' EquityBook value
$635.7M
$27.0M
Total Assets
$1.0B
$813.8M
Debt / EquityLower = less leverage
15.87×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COUR
COUR
GCMG
GCMG
Q4 25
$792.6M
$242.1M
Q3 25
$797.7M
$182.7M
Q2 25
$775.1M
$136.3M
Q1 25
$748.0M
$94.5M
Q4 24
$726.1M
$89.5M
Q3 24
$719.4M
$98.4M
Q2 24
$708.8M
$73.9M
Q1 24
$725.4M
$41.9M
Total Debt
COUR
COUR
GCMG
GCMG
Q4 25
$428.4M
Q3 25
$429.3M
Q2 25
$430.2M
Q1 25
$431.1M
Q4 24
$432.0M
Q3 24
$432.9M
Q2 24
$433.8M
Q1 24
$384.0M
Stockholders' Equity
COUR
COUR
GCMG
GCMG
Q4 25
$635.7M
$27.0M
Q3 25
$639.5M
$-7.4M
Q2 25
$627.0M
$-12.3M
Q1 25
$610.5M
$-28.3M
Q4 24
$597.4M
$-27.6M
Q3 24
$593.3M
$-31.9M
Q2 24
$585.2M
$-28.5M
Q1 24
$609.1M
$-26.4M
Total Assets
COUR
COUR
GCMG
GCMG
Q4 25
$1.0B
$813.8M
Q3 25
$995.3M
$685.9M
Q2 25
$979.9M
$636.9M
Q1 25
$951.2M
$579.8M
Q4 24
$930.3M
$612.7M
Q3 24
$914.1M
$575.0M
Q2 24
$904.4M
$543.9M
Q1 24
$916.3M
$497.3M
Debt / Equity
COUR
COUR
GCMG
GCMG
Q4 25
15.87×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
COUR
COUR
GCMG
GCMG
Operating Cash FlowLast quarter
$5.8M
$183.5M
Free Cash FlowOCF − Capex
$5.4M
$175.0M
FCF MarginFCF / Revenue
2.7%
98.8%
Capex IntensityCapex / Revenue
0.2%
4.8%
Cash ConversionOCF / Net Profit
3.16×
TTM Free Cash FlowTrailing 4 quarters
$107.2M
$326.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COUR
COUR
GCMG
GCMG
Q4 25
$5.8M
$183.5M
Q3 25
$33.9M
$79.8M
Q2 25
$35.5M
$42.0M
Q1 25
$33.5M
$33.3M
Q4 24
$19.2M
$148.8M
Q3 24
$27.9M
$69.0M
Q2 24
$23.8M
$17.5M
Q1 24
$24.5M
$24.2M
Free Cash Flow
COUR
COUR
GCMG
GCMG
Q4 25
$5.4M
$175.0M
Q3 25
$33.7M
$78.3M
Q2 25
$35.1M
$40.8M
Q1 25
$33.0M
$32.1M
Q4 24
$18.1M
$132.0M
Q3 24
$27.7M
$62.2M
Q2 24
$23.6M
$12.8M
Q1 24
$24.4M
$20.0M
FCF Margin
COUR
COUR
GCMG
GCMG
Q4 25
2.7%
98.8%
Q3 25
17.4%
58.0%
Q2 25
18.8%
34.1%
Q1 25
18.4%
25.5%
Q4 24
10.1%
79.9%
Q3 24
15.7%
50.6%
Q2 24
13.9%
10.9%
Q1 24
14.4%
18.4%
Capex Intensity
COUR
COUR
GCMG
GCMG
Q4 25
0.2%
4.8%
Q3 25
0.1%
1.1%
Q2 25
0.2%
1.0%
Q1 25
0.3%
0.9%
Q4 24
0.6%
10.1%
Q3 24
0.1%
5.5%
Q2 24
0.1%
4.0%
Q1 24
0.1%
3.9%
Cash Conversion
COUR
COUR
GCMG
GCMG
Q4 25
3.16×
Q3 25
7.61×
Q2 25
2.72×
Q1 25
71.84×
Q4 24
19.54×
Q3 24
16.60×
Q2 24
3.64×
Q1 24
11.40×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

COUR
COUR

Consumer Segment$131.5M67%
Enterprise Segment$65.4M33%

GCMG
GCMG

Asset Management1$108.6M61%
Management Service Incentive Performance Fees$61.7M35%
Management Service Incentive Carried Interest$5.1M3%
Service Other$1.8M1%

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