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Coursera, Inc.（COUR）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
Coursera, Inc.的季度营收约是BRC Group Holdings, Inc.的1.0倍（$196.9M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs -13.6%，领先61.6%），Coursera, Inc.同比增速更快（9.9% vs -21.9%），过去两年Coursera, Inc.的营收复合增速更高（7.9% vs -15.4%）
Coursera Inc.是美国营利性在线教育平台，由斯坦福大学计算机科学教授吴恩达与达芙妮·科勒于2012年创立。创立初期它作为全球大型开放式网络课程平台运营，目前和全球多所大学及各类机构合作，提供涵盖多个学科领域的在线课程、证书与学位项目。
COUR vs RILY — 直观对比
营收规模更大
COUR
是对方的1.0倍
$188.3M
营收增速更快
COUR
高出31.7%
-21.9%
净利率更高
RILY
高出61.6%
-13.6%
两年增速更快
COUR
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $196.9M | $188.3M |
| 净利润 | $-26.8M | $90.3M |
| 毛利率 | 54.2% | 79.5% |
| 营业利润率 | -16.4% | 32.3% |
| 净利率 | -13.6% | 47.9% |
| 营收同比 | 9.9% | -21.9% |
| 净利润同比 | -24.1% | 1710.8% |
| 每股收益（稀释后） | $-0.16 | $2.78 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收COURRILY
| Q4 25 | $196.9M | $188.3M | ||
| Q3 25 | $194.2M | $215.3M | ||
| Q2 25 | $187.1M | $188.2M | ||
| Q1 25 | $179.3M | $197.2M | ||
| Q4 24 | $179.2M | $241.0M | ||
| Q3 24 | $176.1M | $225.5M | ||
| Q2 24 | $170.3M | $256.0M | ||
| Q1 24 | $169.1M | $263.4M |
净利润COURRILY
| Q4 25 | $-26.8M | $90.3M | ||
| Q3 25 | $-8.6M | $91.1M | ||
| Q2 25 | $-7.8M | $139.5M | ||
| Q1 25 | $-7.8M | $-10.0M | ||
| Q4 24 | $-21.6M | $-5.6M | ||
| Q3 24 | $-13.7M | $-284.4M | ||
| Q2 24 | $-22.9M | $-433.6M | ||
| Q1 24 | $-21.3M | $-49.2M |
毛利率COURRILY
| Q4 25 | 54.2% | 79.5% | ||
| Q3 25 | 54.6% | 83.7% | ||
| Q2 25 | 54.9% | 81.3% | ||
| Q1 25 | 54.6% | 81.4% | ||
| Q4 24 | 53.3% | 79.8% | ||
| Q3 24 | 54.6% | 82.1% | ||
| Q2 24 | 53.0% | 84.5% | ||
| Q1 24 | 52.9% | 85.3% |
营业利润率COURRILY
| Q4 25 | -16.4% | 32.3% | ||
| Q3 25 | -8.0% | 30.4% | ||
| Q2 25 | -8.1% | 5.7% | ||
| Q1 25 | -8.0% | -31.2% | ||
| Q4 24 | -17.0% | -69.2% | ||
| Q3 24 | -12.3% | -36.4% | ||
| Q2 24 | -18.3% | -90.8% | ||
| Q1 24 | -17.6% | -6.1% |
净利率COURRILY
| Q4 25 | -13.6% | 47.9% | ||
| Q3 25 | -4.4% | 42.3% | ||
| Q2 25 | -4.2% | 74.1% | ||
| Q1 25 | -4.4% | -5.1% | ||
| Q4 24 | -12.1% | -2.3% | ||
| Q3 24 | -7.8% | -126.1% | ||
| Q2 24 | -13.4% | -169.4% | ||
| Q1 24 | -12.6% | -18.7% |
每股收益（稀释后）COURRILY
| Q4 25 | $-0.16 | $2.78 | ||
| Q3 25 | $-0.05 | $2.91 | ||
| Q2 25 | $-0.05 | $4.50 | ||
| Q1 25 | $-0.05 | $-0.39 | ||
| Q4 24 | $-0.13 | $-0.01 | ||
| Q3 24 | $-0.09 | $-9.39 | ||
| Q2 24 | $-0.15 | $-14.35 | ||
| Q1 24 | $-0.14 | $-1.71 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $792.6M | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $635.7M | $-171.5M |
| 总资产 | $1.0B | $1.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资COURRILY
| Q4 25 | $792.6M | $226.6M | ||
| Q3 25 | $797.7M | $184.2M | ||
| Q2 25 | $775.1M | $267.4M | ||
| Q1 25 | $748.0M | $138.3M | ||
| Q4 24 | $726.1M | $146.9M | ||
| Q3 24 | $719.4M | $159.2M | ||
| Q2 24 | $708.8M | $236.9M | ||
| Q1 24 | $725.4M | $190.7M |
总债务COURRILY
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益COURRILY
| Q4 25 | $635.7M | $-171.5M | ||
| Q3 25 | $639.5M | $-260.5M | ||
| Q2 25 | $627.0M | $-351.7M | ||
| Q1 25 | $610.5M | $-496.8M | ||
| Q4 24 | $597.4M | $-488.2M | ||
| Q3 24 | $593.3M | $-497.6M | ||
| Q2 24 | $585.2M | $-218.3M | ||
| Q1 24 | $609.1M | $228.4M |
总资产COURRILY
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $995.3M | $1.7B | ||
| Q2 25 | $979.9M | $1.5B | ||
| Q1 25 | $951.2M | $1.5B | ||
| Q4 24 | $930.3M | $1.8B | ||
| Q3 24 | $914.1M | $2.2B | ||
| Q2 24 | $904.4M | $3.2B | ||
| Q1 24 | $916.3M | $5.0B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $5.8M | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $5.4M | — |
| 自由现金流率自由现金流/营收 | 2.7% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | — | 0.29× |
| 过去12个月自由现金流最近4个季度 | $107.2M | — |
8季度趋势，按日历期对齐
经营现金流COURRILY
| Q4 25 | $5.8M | $26.2M | ||
| Q3 25 | $33.9M | $-60.6M | ||
| Q2 25 | $35.5M | $-25.6M | ||
| Q1 25 | $33.5M | $184.0K | ||
| Q4 24 | $19.2M | $-2.7M | ||
| Q3 24 | $27.9M | $19.5M | ||
| Q2 24 | $23.8M | $111.5M | ||
| Q1 24 | $24.5M | $135.4M |
自由现金流COURRILY
| 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 | — |
自由现金流率COURRILY
| 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% | — |
资本支出强度COURRILY
| 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% | — |
现金转化率COURRILY
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
COUR
| Consumer Segment | $131.5M | 67% |
| Enterprise Segment | $65.4M | 33% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
