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Side-by-side financial comparison of Coursera, Inc. (COUR) and Inspire Medical Systems, Inc. (INSP). Click either name above to swap in a different company.

Inspire Medical Systems, Inc. is the larger business by last-quarter revenue ($269.1M vs $196.9M, roughly 1.4× Coursera, Inc.). Inspire Medical Systems, Inc. runs the higher net margin — 50.6% vs -13.6%, a 64.2% gap on every dollar of revenue. On growth, Inspire Medical Systems, Inc. posted the faster year-over-year revenue change (12.2% vs 9.9%). Inspire Medical Systems, Inc. produced more free cash flow last quarter ($41.8M vs $5.4M). Over the past eight quarters, Inspire Medical Systems, Inc.'s revenue compounded faster (28.1% 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.

Inspire Medical Systems, Inc. is a medical technology firm that develops, manufactures and commercializes implantable neurostimulation solutions for obstructive sleep apnea. Its core product serves patients intolerant to CPAP therapy, with main markets across North America, Europe, and select Asia-Pacific regions, operating in sleep medicine and otolaryngology segments.

COUR vs INSP — Head-to-Head

Bigger by revenue
INSP
INSP
1.4× larger
INSP
$269.1M
$196.9M
COUR
Growing faster (revenue YoY)
INSP
INSP
+2.4% gap
INSP
12.2%
9.9%
COUR
Higher net margin
INSP
INSP
64.2% more per $
INSP
50.6%
-13.6%
COUR
More free cash flow
INSP
INSP
$36.4M more FCF
INSP
$41.8M
$5.4M
COUR
Faster 2-yr revenue CAGR
INSP
INSP
Annualised
INSP
28.1%
7.9%
COUR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COUR
COUR
INSP
INSP
Revenue
$196.9M
$269.1M
Net Profit
$-26.8M
$136.1M
Gross Margin
54.2%
86.6%
Operating Margin
-16.4%
17.1%
Net Margin
-13.6%
50.6%
Revenue YoY
9.9%
12.2%
Net Profit YoY
-24.1%
286.4%
EPS (diluted)
$-0.16
$4.57

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
INSP
INSP
Q4 25
$196.9M
$269.1M
Q3 25
$194.2M
$224.5M
Q2 25
$187.1M
$217.1M
Q1 25
$179.3M
$201.3M
Q4 24
$179.2M
$239.7M
Q3 24
$176.1M
$203.2M
Q2 24
$170.3M
$195.9M
Q1 24
$169.1M
$164.0M
Net Profit
COUR
COUR
INSP
INSP
Q4 25
$-26.8M
$136.1M
Q3 25
$-8.6M
$9.9M
Q2 25
$-7.8M
$-3.6M
Q1 25
$-7.8M
$3.0M
Q4 24
$-21.6M
$35.2M
Q3 24
$-13.7M
$18.5M
Q2 24
$-22.9M
$9.8M
Q1 24
$-21.3M
$-10.0M
Gross Margin
COUR
COUR
INSP
INSP
Q4 25
54.2%
86.6%
Q3 25
54.6%
85.8%
Q2 25
54.9%
84.0%
Q1 25
54.6%
84.7%
Q4 24
53.3%
85.0%
Q3 24
54.6%
84.1%
Q2 24
53.0%
84.8%
Q1 24
52.9%
84.9%
Operating Margin
COUR
COUR
INSP
INSP
Q4 25
-16.4%
17.1%
Q3 25
-8.0%
4.3%
Q2 25
-8.1%
-1.5%
Q1 25
-8.0%
-0.7%
Q4 24
-17.0%
13.3%
Q3 24
-12.3%
7.0%
Q2 24
-18.3%
2.6%
Q1 24
-17.6%
-9.3%
Net Margin
COUR
COUR
INSP
INSP
Q4 25
-13.6%
50.6%
Q3 25
-4.4%
4.4%
Q2 25
-4.2%
-1.7%
Q1 25
-4.4%
1.5%
Q4 24
-12.1%
14.7%
Q3 24
-7.8%
9.1%
Q2 24
-13.4%
5.0%
Q1 24
-12.6%
-6.1%
EPS (diluted)
COUR
COUR
INSP
INSP
Q4 25
$-0.16
$4.57
Q3 25
$-0.05
$0.34
Q2 25
$-0.05
$-0.12
Q1 25
$-0.05
$0.10
Q4 24
$-0.13
$1.17
Q3 24
$-0.09
$0.60
Q2 24
$-0.15
$0.32
Q1 24
$-0.14
$-0.34

Balance Sheet & Financial Strength

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

Metric
COUR
COUR
INSP
INSP
Cash + ST InvestmentsLiquidity on hand
$792.6M
$308.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$635.7M
$781.2M
Total Assets
$1.0B
$907.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COUR
COUR
INSP
INSP
Q4 25
$792.6M
$308.3M
Q3 25
$797.7M
$322.6M
Q2 25
$775.1M
$300.9M
Q1 25
$748.0M
$369.2M
Q4 24
$726.1M
$445.5M
Q3 24
$719.4M
$411.0M
Q2 24
$708.8M
$439.7M
Q1 24
$725.4M
$441.4M
Stockholders' Equity
COUR
COUR
INSP
INSP
Q4 25
$635.7M
$781.2M
Q3 25
$639.5M
$666.5M
Q2 25
$627.0M
$677.8M
Q1 25
$610.5M
$635.7M
Q4 24
$597.4M
$689.7M
Q3 24
$593.3M
$696.6M
Q2 24
$585.2M
$638.1M
Q1 24
$609.1M
$589.0M
Total Assets
COUR
COUR
INSP
INSP
Q4 25
$1.0B
$907.3M
Q3 25
$995.3M
$807.7M
Q2 25
$979.9M
$802.2M
Q1 25
$951.2M
$730.8M
Q4 24
$930.3M
$808.4M
Q3 24
$914.1M
$796.2M
Q2 24
$904.4M
$728.4M
Q1 24
$916.3M
$685.8M

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
INSP
INSP
Operating Cash FlowLast quarter
$5.8M
$52.5M
Free Cash FlowOCF − Capex
$5.4M
$41.8M
FCF MarginFCF / Revenue
2.7%
15.5%
Capex IntensityCapex / Revenue
0.2%
4.0%
Cash ConversionOCF / Net Profit
0.39×
TTM Free Cash FlowTrailing 4 quarters
$107.2M
$78.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COUR
COUR
INSP
INSP
Q4 25
$5.8M
$52.5M
Q3 25
$33.9M
$68.5M
Q2 25
$35.5M
$2.7M
Q1 25
$33.5M
$-6.7M
Q4 24
$19.2M
$69.2M
Q3 24
$27.9M
$52.3M
Q2 24
$23.8M
$-78.0K
Q1 24
$24.5M
$8.9M
Free Cash Flow
COUR
COUR
INSP
INSP
Q4 25
$5.4M
$41.8M
Q3 25
$33.7M
$58.1M
Q2 25
$35.1M
$-6.3M
Q1 25
$33.0M
$-15.1M
Q4 24
$18.1M
$62.2M
Q3 24
$27.7M
$44.3M
Q2 24
$23.6M
$-12.5M
Q1 24
$24.4M
$-2.8M
FCF Margin
COUR
COUR
INSP
INSP
Q4 25
2.7%
15.5%
Q3 25
17.4%
25.9%
Q2 25
18.8%
-2.9%
Q1 25
18.4%
-7.5%
Q4 24
10.1%
25.9%
Q3 24
15.7%
21.8%
Q2 24
13.9%
-6.4%
Q1 24
14.4%
-1.7%
Capex Intensity
COUR
COUR
INSP
INSP
Q4 25
0.2%
4.0%
Q3 25
0.1%
4.6%
Q2 25
0.2%
4.1%
Q1 25
0.3%
4.2%
Q4 24
0.6%
2.9%
Q3 24
0.1%
3.9%
Q2 24
0.1%
6.3%
Q1 24
0.1%
7.1%
Cash Conversion
COUR
COUR
INSP
INSP
Q4 25
0.39×
Q3 25
6.90×
Q2 25
Q1 25
-2.24×
Q4 24
1.96×
Q3 24
2.83×
Q2 24
-0.01×
Q1 24

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%

INSP
INSP

Segment breakdown not available.

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