Coursera Investor Day Presentation Deck
Non-GAAP Financial Measures Definitions
Non-GAAP Gross Margin
We define non-GAAP gross margin as GAAP gross profit excluding the impact of stock-based compensation, restructuring charges, and payroll tax expense related to
stock-based activities divided by revenue. We believe the presentation of this adjusted operating measure provides useful supplemental information to investors and
facilitates the analysis and comparison of our operating results across reporting periods.
coursera
Adjusted EBITDA and Adjusted EBITDA Margin
We define Adjusted EBITDA as our GAAP net loss excluding: (1) depreciation and amortization; (2) interest income; (3) other (income) expense, net; (4) stock-based
compensation expense; (5) restructuring charges; (6) income tax expense; and (7) payroll tax expense related to stock-based activities. We define Adjusted EBITDA margin as
Adjusted EBITDA divided by revenue.
A reconciliation of our non-GAAP guidance measures (non-GAAP gross margin, Adjusted EBITDA, and Adjusted EBITDA margin) to the corresponding GAAP guidance measures is
not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the
future. Stock-based compensation expense-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by the timing of
employee stock transactions, the future fair market value of our common stock, and our future hiring and retention needs, all of which are difficult to predict and subject to
constant change.
2023 INVESTOR DAY 129View entire presentation