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

Penumbra Inc is the larger business by last-quarter revenue ($385.4M vs $196.9M, roughly 2.0× Coursera, Inc.). Penumbra Inc runs the higher net margin — 12.3% vs -13.6%, a 25.9% gap on every dollar of revenue. On growth, Penumbra Inc posted the faster year-over-year revenue change (22.1% vs 9.9%). Penumbra Inc produced more free cash flow last quarter ($68.0M vs $5.4M). Over the past eight quarters, Penumbra Inc's revenue compounded faster (17.6% 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.

Penumbra, Inc. is an American medical device company headquartered in Alameda, California. The company was founded by Arani Bose and Adam Elsesser in 2004. It manufactures devices for interventional therapies to treat vascular conditions such as stroke and aneurysm.

COUR vs PEN — Head-to-Head

Bigger by revenue
PEN
PEN
2.0× larger
PEN
$385.4M
$196.9M
COUR
Growing faster (revenue YoY)
PEN
PEN
+12.3% gap
PEN
22.1%
9.9%
COUR
Higher net margin
PEN
PEN
25.9% more per $
PEN
12.3%
-13.6%
COUR
More free cash flow
PEN
PEN
$62.6M more FCF
PEN
$68.0M
$5.4M
COUR
Faster 2-yr revenue CAGR
PEN
PEN
Annualised
PEN
17.6%
7.9%
COUR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COUR
COUR
PEN
PEN
Revenue
$196.9M
$385.4M
Net Profit
$-26.8M
$47.3M
Gross Margin
54.2%
68.0%
Operating Margin
-16.4%
15.4%
Net Margin
-13.6%
12.3%
Revenue YoY
9.9%
22.1%
Net Profit YoY
-24.1%
40.6%
EPS (diluted)
$-0.16
$1.20

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
PEN
PEN
Q4 25
$196.9M
$385.4M
Q3 25
$194.2M
$354.7M
Q2 25
$187.1M
$339.5M
Q1 25
$179.3M
$324.1M
Q4 24
$179.2M
$315.5M
Q3 24
$176.1M
$301.0M
Q2 24
$170.3M
$299.4M
Q1 24
$169.1M
$278.7M
Net Profit
COUR
COUR
PEN
PEN
Q4 25
$-26.8M
$47.3M
Q3 25
$-8.6M
$45.9M
Q2 25
$-7.8M
$45.3M
Q1 25
$-7.8M
$39.2M
Q4 24
$-21.6M
$33.7M
Q3 24
$-13.7M
$29.5M
Q2 24
$-22.9M
$-60.2M
Q1 24
$-21.3M
$11.0M
Gross Margin
COUR
COUR
PEN
PEN
Q4 25
54.2%
68.0%
Q3 25
54.6%
67.8%
Q2 25
54.9%
66.0%
Q1 25
54.6%
66.6%
Q4 24
53.3%
66.8%
Q3 24
54.6%
66.5%
Q2 24
53.0%
54.4%
Q1 24
52.9%
65.0%
Operating Margin
COUR
COUR
PEN
PEN
Q4 25
-16.4%
15.4%
Q3 25
-8.0%
13.8%
Q2 25
-8.1%
12.0%
Q1 25
-8.0%
12.4%
Q4 24
-17.0%
13.6%
Q3 24
-12.3%
11.7%
Q2 24
-18.3%
-27.0%
Q1 24
-17.6%
4.3%
Net Margin
COUR
COUR
PEN
PEN
Q4 25
-13.6%
12.3%
Q3 25
-4.4%
12.9%
Q2 25
-4.2%
13.3%
Q1 25
-4.4%
12.1%
Q4 24
-12.1%
10.7%
Q3 24
-7.8%
9.8%
Q2 24
-13.4%
-20.1%
Q1 24
-12.6%
3.9%
EPS (diluted)
COUR
COUR
PEN
PEN
Q4 25
$-0.16
$1.20
Q3 25
$-0.05
$1.17
Q2 25
$-0.05
$1.15
Q1 25
$-0.05
$1.00
Q4 24
$-0.13
$0.88
Q3 24
$-0.09
$0.75
Q2 24
$-0.15
$-1.55
Q1 24
$-0.14
$0.28

Balance Sheet & Financial Strength

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

Metric
COUR
COUR
PEN
PEN
Cash + ST InvestmentsLiquidity on hand
$792.6M
$186.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$635.7M
$1.4B
Total Assets
$1.0B
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COUR
COUR
PEN
PEN
Q4 25
$792.6M
$186.9M
Q3 25
$797.7M
$321.0M
Q2 25
$775.1M
$421.8M
Q1 25
$748.0M
$376.1M
Q4 24
$726.1M
$324.4M
Q3 24
$719.4M
$280.5M
Q2 24
$708.8M
$288.3M
Q1 24
$725.4M
$223.1M
Stockholders' Equity
COUR
COUR
PEN
PEN
Q4 25
$635.7M
$1.4B
Q3 25
$639.5M
$1.4B
Q2 25
$627.0M
$1.3B
Q1 25
$610.5M
$1.2B
Q4 24
$597.4M
$1.2B
Q3 24
$593.3M
$1.1B
Q2 24
$585.2M
$1.2B
Q1 24
$609.1M
$1.2B
Total Assets
COUR
COUR
PEN
PEN
Q4 25
$1.0B
$1.8B
Q3 25
$995.3M
$1.7B
Q2 25
$979.9M
$1.7B
Q1 25
$951.2M
$1.6B
Q4 24
$930.3M
$1.5B
Q3 24
$914.1M
$1.5B
Q2 24
$904.4M
$1.5B
Q1 24
$916.3M
$1.6B

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
PEN
PEN
Operating Cash FlowLast quarter
$5.8M
$86.5M
Free Cash FlowOCF − Capex
$5.4M
$68.0M
FCF MarginFCF / Revenue
2.7%
17.7%
Capex IntensityCapex / Revenue
0.2%
4.8%
Cash ConversionOCF / Net Profit
1.83×
TTM Free Cash FlowTrailing 4 quarters
$107.2M
$174.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COUR
COUR
PEN
PEN
Q4 25
$5.8M
$86.5M
Q3 25
$33.9M
$58.3M
Q2 25
$35.5M
$44.9M
Q1 25
$33.5M
$49.0M
Q4 24
$19.2M
$51.1M
Q3 24
$27.9M
$56.5M
Q2 24
$23.8M
$22.6M
Q1 24
$24.5M
$38.3M
Free Cash Flow
COUR
COUR
PEN
PEN
Q4 25
$5.4M
$68.0M
Q3 25
$33.7M
$42.0M
Q2 25
$35.1M
$29.4M
Q1 25
$33.0M
$35.5M
Q4 24
$18.1M
$45.7M
Q3 24
$27.7M
$51.0M
Q2 24
$23.6M
$18.1M
Q1 24
$24.4M
$32.5M
FCF Margin
COUR
COUR
PEN
PEN
Q4 25
2.7%
17.7%
Q3 25
17.4%
11.8%
Q2 25
18.8%
8.7%
Q1 25
18.4%
11.0%
Q4 24
10.1%
14.5%
Q3 24
15.7%
16.9%
Q2 24
13.9%
6.0%
Q1 24
14.4%
11.7%
Capex Intensity
COUR
COUR
PEN
PEN
Q4 25
0.2%
4.8%
Q3 25
0.1%
4.6%
Q2 25
0.2%
4.6%
Q1 25
0.3%
4.2%
Q4 24
0.6%
1.7%
Q3 24
0.1%
1.8%
Q2 24
0.1%
1.5%
Q1 24
0.1%
2.1%
Cash Conversion
COUR
COUR
PEN
PEN
Q4 25
1.83×
Q3 25
1.27×
Q2 25
0.99×
Q1 25
1.25×
Q4 24
1.52×
Q3 24
1.91×
Q2 24
Q1 24
3.48×

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%

PEN
PEN

Thrombectomy$254.7M66%
Other$130.7M34%

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