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

ROYAL GOLD INC is the larger business by last-quarter revenue ($375.3M vs $196.9M, roughly 1.9× Coursera, Inc.). ROYAL GOLD INC runs the higher net margin — 24.9% vs -13.6%, a 38.6% gap on every dollar of revenue. On growth, ROYAL GOLD INC posted the faster year-over-year revenue change (85.3% vs 9.9%). Over the past eight quarters, ROYAL GOLD INC's revenue compounded faster (58.8% 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.

Royal Gold Inc. is a leading precious metals streaming and royalty firm that acquires and manages a diversified portfolio of streaming interests, royalties, and equity interests tied to mining projects. Its assets cover gold, silver, and copper production across North America, South America, Africa, and Australia, operating with a low-risk model that avoids direct mining operations.

COUR vs RGLD — Head-to-Head

Bigger by revenue
RGLD
RGLD
1.9× larger
RGLD
$375.3M
$196.9M
COUR
Growing faster (revenue YoY)
RGLD
RGLD
+75.4% gap
RGLD
85.3%
9.9%
COUR
Higher net margin
RGLD
RGLD
38.6% more per $
RGLD
24.9%
-13.6%
COUR
Faster 2-yr revenue CAGR
RGLD
RGLD
Annualised
RGLD
58.8%
7.9%
COUR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COUR
COUR
RGLD
RGLD
Revenue
$196.9M
$375.3M
Net Profit
$-26.8M
$93.6M
Gross Margin
54.2%
64.6%
Operating Margin
-16.4%
56.2%
Net Margin
-13.6%
24.9%
Revenue YoY
9.9%
85.3%
Net Profit YoY
-24.1%
-12.8%
EPS (diluted)
$-0.16
$1.04

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
RGLD
RGLD
Q4 25
$196.9M
$375.3M
Q3 25
$194.2M
$252.1M
Q2 25
$187.1M
$209.6M
Q1 25
$179.3M
$193.4M
Q4 24
$179.2M
$202.6M
Q3 24
$176.1M
$193.8M
Q2 24
$170.3M
$174.1M
Q1 24
$169.1M
$148.9M
Net Profit
COUR
COUR
RGLD
RGLD
Q4 25
$-26.8M
$93.6M
Q3 25
$-8.6M
$126.8M
Q2 25
$-7.8M
$132.3M
Q1 25
$-7.8M
$113.5M
Q4 24
$-21.6M
$107.4M
Q3 24
$-13.7M
$96.2M
Q2 24
$-22.9M
$81.2M
Q1 24
$-21.3M
$47.2M
Gross Margin
COUR
COUR
RGLD
RGLD
Q4 25
54.2%
64.6%
Q3 25
54.6%
73.6%
Q2 25
54.9%
72.6%
Q1 25
54.6%
69.4%
Q4 24
53.3%
70.3%
Q3 24
54.6%
66.6%
Q2 24
53.0%
64.7%
Q1 24
52.9%
58.4%
Operating Margin
COUR
COUR
RGLD
RGLD
Q4 25
-16.4%
56.2%
Q3 25
-8.0%
64.4%
Q2 25
-8.1%
67.7%
Q1 25
-8.0%
63.6%
Q4 24
-17.0%
65.9%
Q3 24
-12.3%
61.3%
Q2 24
-18.3%
58.6%
Q1 24
-17.6%
50.7%
Net Margin
COUR
COUR
RGLD
RGLD
Q4 25
-13.6%
24.9%
Q3 25
-4.4%
50.3%
Q2 25
-4.2%
63.1%
Q1 25
-4.4%
58.7%
Q4 24
-12.1%
53.0%
Q3 24
-7.8%
49.7%
Q2 24
-13.4%
46.6%
Q1 24
-12.6%
31.7%
EPS (diluted)
COUR
COUR
RGLD
RGLD
Q4 25
$-0.16
$1.04
Q3 25
$-0.05
$1.92
Q2 25
$-0.05
$2.01
Q1 25
$-0.05
$1.72
Q4 24
$-0.13
$1.63
Q3 24
$-0.09
$1.46
Q2 24
$-0.15
$1.23
Q1 24
$-0.14
$0.72

Balance Sheet & Financial Strength

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

Metric
COUR
COUR
RGLD
RGLD
Cash + ST InvestmentsLiquidity on hand
$792.6M
$233.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$635.7M
$7.2B
Total Assets
$1.0B
$9.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COUR
COUR
RGLD
RGLD
Q4 25
$792.6M
$233.7M
Q3 25
$797.7M
$172.8M
Q2 25
$775.1M
$248.2M
Q1 25
$748.0M
$240.8M
Q4 24
$726.1M
$195.5M
Q3 24
$719.4M
$127.9M
Q2 24
$708.8M
$74.2M
Q1 24
$725.4M
$137.9M
Total Debt
COUR
COUR
RGLD
RGLD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$0
Q2 24
$50.0M
Q1 24
Stockholders' Equity
COUR
COUR
RGLD
RGLD
Q4 25
$635.7M
$7.2B
Q3 25
$639.5M
$3.4B
Q2 25
$627.0M
$3.3B
Q1 25
$610.5M
$3.2B
Q4 24
$597.4M
$3.1B
Q3 24
$593.3M
$3.0B
Q2 24
$585.2M
$3.0B
Q1 24
$609.1M
$2.9B
Total Assets
COUR
COUR
RGLD
RGLD
Q4 25
$1.0B
$9.5B
Q3 25
$995.3M
$4.5B
Q2 25
$979.9M
$3.6B
Q1 25
$951.2M
$3.5B
Q4 24
$930.3M
$3.4B
Q3 24
$914.1M
$3.3B
Q2 24
$904.4M
$3.3B
Q1 24
$916.3M
$3.3B
Debt / Equity
COUR
COUR
RGLD
RGLD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.00×
Q2 24
0.02×
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
RGLD
RGLD
Operating Cash FlowLast quarter
$5.8M
$241.7M
Free Cash FlowOCF − Capex
$5.4M
FCF MarginFCF / Revenue
2.7%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
2.58×
TTM Free Cash FlowTrailing 4 quarters
$107.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COUR
COUR
RGLD
RGLD
Q4 25
$5.8M
$241.7M
Q3 25
$33.9M
$174.0M
Q2 25
$35.5M
$152.8M
Q1 25
$33.5M
$136.4M
Q4 24
$19.2M
$141.1M
Q3 24
$27.9M
$136.7M
Q2 24
$23.8M
$113.5M
Q1 24
$24.5M
$138.3M
Free Cash Flow
COUR
COUR
RGLD
RGLD
Q4 25
$5.4M
Q3 25
$33.7M
Q2 25
$35.1M
Q1 25
$33.0M
Q4 24
$18.1M
Q3 24
$27.7M
Q2 24
$23.6M
Q1 24
$24.4M
FCF Margin
COUR
COUR
RGLD
RGLD
Q4 25
2.7%
Q3 25
17.4%
Q2 25
18.8%
Q1 25
18.4%
Q4 24
10.1%
Q3 24
15.7%
Q2 24
13.9%
Q1 24
14.4%
Capex Intensity
COUR
COUR
RGLD
RGLD
Q4 25
0.2%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.3%
Q4 24
0.6%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
COUR
COUR
RGLD
RGLD
Q4 25
2.58×
Q3 25
1.37×
Q2 25
1.15×
Q1 25
1.20×
Q4 24
1.31×
Q3 24
1.42×
Q2 24
1.40×
Q1 24
2.93×

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%

RGLD
RGLD

Gold$216.9M58%
Pueblo Viejo$47.3M13%
Andacollo$32.6M9%
Silver$32.1M9%
Other$27.2M7%
Copper$13.7M4%
Cortez Legacy Zone$5.4M1%

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