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Coursera10-K: Restructuring charge

Coursera faces a $40.5M termination fee if the planned merger with Udemy fails.

What happened

The pending merger with Udemy, anticipated to close by H2 2026, introduces significant integration complexity and risk. A failure to close the deal would result in a material $40.5 million payment, indicating high stakes and a need for flawless execution, risk management, and potential M&A integration consulting.

Source

SEC EDGARFeb 23, 2026

Annual report (Form 10-K)

Coursera 10-K for FY2025

Filing excerpt

In the event of a termination of the Merger Agreement under certain specified circumstances, we will be required to pay Udemy a termination fee in the amount of $40.5 million.

sec.gov/Archives/edgar/data/1651562/000165156226000015/cour-20251231.htmRead the full source

Other signals in this filing (10)

Extracted by Autobound

From the Signal API record
Signal
10-K: Restructuring charge

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 23, 2026

More 10-K signals at other companies

The full record

From the Signal API record

Numbers

Dollar figure
$40.5M (Potential merger termination fee payable to Udemy)

Details

CIK
1651562
Accession number
0001651562-26-000015
Timeframe
Next year
Filing year
2026
Why it matters
Vendor review likely
Signal category
Financial

Topics and mentions

Competitors

  • Udemy
  • Inc.

Competitors named

  • Udemy, Inc.

Extraction

Confidence
High
Relevance
90%
Sentiment
Negative
Detected
Feb 24, 2026
signal_type
sec-10k
signal_subtype
restructuringCharge

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The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/4b54e414-2c55-4cb2-92b2-bb755fb2f563 returns this record as JSON. POST /v1/companies/enrich returns every signal for coursera.org.

{
  "signal_id": "4b54e414-2c55-4cb2-92b2-bb755fb2f563",
  "signal_type": "sec-10k",
  "signal_subtype": "restructuringCharge",
  "detected_at": "2026-02-24T09:57:46.837+00:00",
  "company": {
    "name": "Coursera",
    "domain": "coursera.org"
  },
  "data": {
    "detail": "The pending merger with Udemy, anticipated to close by H2 2026, introduces significant integration complexity and risk. A failure to close the deal would result in a material $40.5 million payment, indicating high stakes and a need for flawless execution, risk management, and potential M&A integration consulting.",
    "metrics": {
      "timeframe": "next_year",
      "dollar_context": "Potential merger termination fee payable to Udemy",
      "dollar_millions": 40.5
    },
    "summary": "Coursera faces a $40.5M termination fee if the planned merger with Udemy fails.",
    "excerpts": "In the event of a termination of the Merger Agreement under certain specified circumstances, we will be required to pay Udemy a termination fee in the amount of $40.5 million.",
    "relevance": 0.9,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1651562/000165156226000015/cour-20251231.htm",
    "filing_date": "2026-02-23",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Vendor review likely",
    "signal_category": "financial",
    "competitors_mentioned": [
      "Udemy, Inc."
    ]
  }
}

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