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

Coursera, Inc. is the larger business by last-quarter revenue ($196.9M vs $103.7M, roughly 1.9× Twist Bioscience Corp). Coursera, Inc. runs the higher net margin — -13.6% vs -29.4%, a 15.8% gap on every dollar of revenue. On growth, Twist Bioscience Corp posted the faster year-over-year revenue change (16.9% vs 9.9%). Coursera, Inc. produced more free cash flow last quarter ($5.4M vs $-34.8M).

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.

Twist Bioscience is a public biotechnology company based in South San Francisco that manufactures synthetic DNA and DNA products for customers in a wide range of industries. Twist was founded in 2013 by Emily Leproust, Bill Banyai, and Bill Peck.

COUR vs TWST — Head-to-Head

Bigger by revenue
COUR
COUR
1.9× larger
COUR
$196.9M
$103.7M
TWST
Growing faster (revenue YoY)
TWST
TWST
+7.0% gap
TWST
16.9%
9.9%
COUR
Higher net margin
COUR
COUR
15.8% more per $
COUR
-13.6%
-29.4%
TWST
More free cash flow
COUR
COUR
$40.2M more FCF
COUR
$5.4M
$-34.8M
TWST

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
COUR
COUR
TWST
TWST
Revenue
$196.9M
$103.7M
Net Profit
$-26.8M
$-30.5M
Gross Margin
54.2%
52.0%
Operating Margin
-16.4%
-31.7%
Net Margin
-13.6%
-29.4%
Revenue YoY
9.9%
16.9%
Net Profit YoY
-24.1%
3.4%
EPS (diluted)
$-0.16
$-0.50

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
TWST
TWST
Q4 25
$196.9M
$103.7M
Q3 25
$194.2M
Q2 25
$187.1M
Q1 25
$179.3M
Q4 24
$179.2M
Q3 24
$176.1M
Q2 24
$170.3M
Q1 24
$169.1M
Net Profit
COUR
COUR
TWST
TWST
Q4 25
$-26.8M
$-30.5M
Q3 25
$-8.6M
Q2 25
$-7.8M
Q1 25
$-7.8M
Q4 24
$-21.6M
Q3 24
$-13.7M
Q2 24
$-22.9M
Q1 24
$-21.3M
Gross Margin
COUR
COUR
TWST
TWST
Q4 25
54.2%
52.0%
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
TWST
TWST
Q4 25
-16.4%
-31.7%
Q3 25
-8.0%
Q2 25
-8.1%
Q1 25
-8.0%
Q4 24
-17.0%
Q3 24
-12.3%
Q2 24
-18.3%
Q1 24
-17.6%
Net Margin
COUR
COUR
TWST
TWST
Q4 25
-13.6%
-29.4%
Q3 25
-4.4%
Q2 25
-4.2%
Q1 25
-4.4%
Q4 24
-12.1%
Q3 24
-7.8%
Q2 24
-13.4%
Q1 24
-12.6%
EPS (diluted)
COUR
COUR
TWST
TWST
Q4 25
$-0.16
$-0.50
Q3 25
$-0.05
Q2 25
$-0.05
Q1 25
$-0.05
Q4 24
$-0.13
Q3 24
$-0.09
Q2 24
$-0.15
Q1 24
$-0.14

Balance Sheet & Financial Strength

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

Metric
COUR
COUR
TWST
TWST
Cash + ST InvestmentsLiquidity on hand
$792.6M
$197.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$635.7M
$456.1M
Total Assets
$1.0B
$638.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COUR
COUR
TWST
TWST
Q4 25
$792.6M
$197.9M
Q3 25
$797.7M
Q2 25
$775.1M
Q1 25
$748.0M
Q4 24
$726.1M
Q3 24
$719.4M
Q2 24
$708.8M
Q1 24
$725.4M
Stockholders' Equity
COUR
COUR
TWST
TWST
Q4 25
$635.7M
$456.1M
Q3 25
$639.5M
Q2 25
$627.0M
Q1 25
$610.5M
Q4 24
$597.4M
Q3 24
$593.3M
Q2 24
$585.2M
Q1 24
$609.1M
Total Assets
COUR
COUR
TWST
TWST
Q4 25
$1.0B
$638.1M
Q3 25
$995.3M
Q2 25
$979.9M
Q1 25
$951.2M
Q4 24
$930.3M
Q3 24
$914.1M
Q2 24
$904.4M
Q1 24
$916.3M

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
TWST
TWST
Operating Cash FlowLast quarter
$5.8M
$-24.8M
Free Cash FlowOCF − Capex
$5.4M
$-34.8M
FCF MarginFCF / Revenue
2.7%
-33.5%
Capex IntensityCapex / Revenue
0.2%
9.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$107.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COUR
COUR
TWST
TWST
Q4 25
$5.8M
$-24.8M
Q3 25
$33.9M
Q2 25
$35.5M
Q1 25
$33.5M
Q4 24
$19.2M
Q3 24
$27.9M
Q2 24
$23.8M
Q1 24
$24.5M
Free Cash Flow
COUR
COUR
TWST
TWST
Q4 25
$5.4M
$-34.8M
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
TWST
TWST
Q4 25
2.7%
-33.5%
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
TWST
TWST
Q4 25
0.2%
9.6%
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%

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%

TWST
TWST

Industrial Chemicals$37.2M36%
Diagnostics$35.3M34%
Food Or Agriculture$12.8M12%
Academic Research$12.2M12%
Health Care$6.1M6%

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