LOWOutside partySupplier
23%
top-five content creators
“10-K Item 1A: 'For the year ended December 31, 2025, we generated approximately 23% of our total revenue from the content and credentialing programs of our top five content creators.'”
COUR · Concentration risk · 10-K extracted
Coursera (COUR) concentration risks
Updated
The most significant concentration Coursera discloses is top-five content creators at 23%, classified LOW by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Coursera’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Coursera's disclosed concentration risk is narrow and modest in scale. The company generated approximately 23% of its total revenue from the content and credentialing programs of its top five content creators for the year ended December 31, 2025. This is a dependency-type exposure — tied to specific content-provider relationships rather than a structural feature of the underlying business model — but the filing discloses only this single concentration point, and at a modest share of revenue. With no supplier, geographic, or customer concentration disclosed alongside it, this is a contained rather than systemic exposure: a shift in relationship terms with one or more of the top five creators could pressure the content pipeline, but the share involved is limited enough that it would not, on its own, appear to threaten the broader revenue base. Investors should watch renewal terms with these creators, but the single, modest-scale nature of this disclosure suggests concentration is not currently a first-order risk for the business.
For the engine’s reasoning on COUR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Education & Training Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| LINC | Lincoln Educational Services Co | 2 | 0 | 0 | 2 |
| KLC | KinderCare Learning Companies, | 1 | 1 | 0 | 2 |
| LAUR | Laureate Education, Inc. | 1 | 0 | 0 | 1 |
| COUR● | Coursera, Inc. | 0 | 0 | 1 | 1 |
| APEI | American Public Education, Inc. | 0 | 0 | 0 | 0 |
| CVSA | Covista Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.