Chegg, Inc(NYSE:CHGG) 
Chegg, Inc. operates direct-to-student learning platform that supports students on their journey from high school to college and into their career with tools designed to help them to learn their course materials, succeed in their classes, and save money on required materials. The company offers Cheg...
Website: http://www.chegg.com
Founded: 2005
Full Time Employees: 1,401
Founder: Aayush Phumbhra
CEO: Dan Rosensweig
Sector: Consumer Defensive
Industry: Education & Training Services
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net revenues | 63,262,000 | 72,659,000 | 77,742,000 | 105,120,000 | 121,387,000 | 143,484,000 | 136,593,000 | 163,147,000 | 174,350,000 | 187,987,000 | 157,854,000 | 182,853,000 | 187,601,000 | 205,193,000 | 164,739,000 | 194,721,000 | 202,244,000 | 207,467,000 | 171,942,000 | 198,478,000 | 198,378,000 | 205,721,000 | 154,018,000 | 153,009,000 | 131,590,000 | 125,504,000 | 94,151,000 | 93,862,000 | 97,409,000 | 56,352,000 | 74,237,000 | 74,222,000 | 76,949,000 | 55,104,250 | 81,532,000 | 64,492,000 | 74,393,000 | |||||||||||||
yoy | -47.88% | -49.36% | -43.08% | -35.57% | -30.38% | -23.67% | -13.47% | -10.78% | -7.06% | -8.39% | -4.18% | -6.09% | -7.24% | -1.10% | -4.19% | -1.89% | 1.95% | 0.85% | 11.64% | 29.72% | 50.75% | 63.92% | 63.59% | 63.01% | 35.09% | 122.71% | 26.82% | 26.46% | 26.59% | |||||||||||||||||||||
qoq | -12.93% | -6.54% | -26.04% | -13.40% | -15.40% | 5.04% | -16.28% | -6.43% | -7.25% | 19.09% | -13.67% | -2.53% | -8.57% | 24.56% | -15.40% | -3.72% | -2.52% | 20.66% | -13.37% | 0.05% | -3.57% | 33.57% | 0.66% | 16.28% | 4.85% | 33.30% | 0.31% | -3.64% | 72.86% | -24.09% | 0.02% | -3.54% | -32.41% | 26.42% | -13.31% | |||||||||||||||
cost of revenues | 25,374,000 | 30,999,000 | 31,701,000 | 35,478,000 | 53,973,000 | 45,599,000 | 43,420,000 | 45,411,000 | 46,497,000 | 45,804,000 | 83,575,000 | 47,412,000 | 49,150,000 | 51,424,000 | 45,203,000 | 45,684,000 | 55,085,000 | 55,710,000 | 67,102,000 | 60,708,000 | 71,384,000 | 57,133,000 | 62,370,000 | 43,524,000 | 42,390,000 | 26,165,000 | 22,164,000 | 20,518,000 | 23,335,000 | 14,481,500 | 19,918,000 | 17,784,000 | 20,224,000 | 43,090,500 | 68,281,000 | 38,596,000 | 65,485,000 | |||||||||||||
gross profit | 37,888,000 | 41,660,000 | 46,041,000 | 69,642,000 | 67,414,000 | 97,885,000 | 93,173,000 | 117,736,000 | 127,853,000 | 142,183,000 | 74,279,000 | 135,441,000 | 138,451,000 | 153,769,000 | 119,536,000 | 149,037,000 | 147,159,000 | 151,757,000 | 104,840,000 | 137,770,000 | 126,994,000 | 148,588,000 | 91,648,000 | 109,485,000 | 89,200,000 | 99,339,000 | 71,987,000 | 73,344,000 | 74,074,000 | 73,606,000 | 54,319,000 | 56,438,000 | 56,725,000 | 54,126,000 | 40,284,000 | 39,275,000 | 41,206,000 | 42,485,000 | 32,644,000 | 31,629,000 | 27,731,000 | 41,774,000 | 19,566,000 | 30,805,000 | 19,379,000 | 45,794,000 | 13,251,000 | 25,896,000 | 8,908,000 | |
yoy | -43.80% | -57.44% | -50.59% | -40.85% | -47.27% | -31.16% | 25.44% | -13.07% | -7.65% | -7.53% | -37.86% | -9.12% | -5.92% | 1.33% | 14.02% | 8.18% | 15.88% | 2.13% | 14.39% | 25.83% | 42.37% | 49.58% | 27.31% | 49.28% | 20.42% | 34.96% | 32.53% | 29.95% | 30.58% | 35.99% | 34.84% | 43.70% | 37.66% | 27.40% | 23.40% | 24.17% | 48.59% | 1.70% | 66.84% | 2.67% | 43.10% | -8.78% | 47.66% | 18.96% | 117.55% | |||||
qoq | -9.05% | -9.52% | -33.89% | 3.30% | -31.13% | 5.06% | -20.86% | -7.91% | -10.08% | 91.42% | -45.16% | -2.17% | -9.96% | 28.64% | -19.79% | 1.28% | -3.03% | 44.75% | -23.90% | 8.49% | -14.53% | 62.13% | -16.29% | 22.74% | -10.21% | 38.00% | -1.85% | -0.99% | 0.64% | 35.51% | -3.75% | -0.51% | 4.80% | 34.36% | 2.57% | -4.69% | -3.01% | 30.15% | 3.21% | 14.06% | -33.62% | 113.50% | -36.48% | 58.96% | -57.68% | 245.59% | -48.83% | 190.70% | ||
gross margin % | 59.89% | 57.34% | 59.22% | 66.25% | 55.54% | 68.22% | 68.21% | 72.17% | 73.33% | 75.63% | 47.06% | 74.07% | 73.80% | 74.94% | 72.56% | 76.54% | 72.76% | 73.15% | 60.97% | 69.41% | 64.02% | 72.23% | 59.50% | 71.55% | 67.79% | 79.15% | 76.46% | 78.14% | 76.04% | 130.62% | 73.17% | 76.04% | 73.72% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | 83.10% | 16.25% | 40.15% | 11.97% | |
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||
research and development | 9,139,000 | 16,958,000 | 18,350,000 | 28,717,000 | 29,428,000 | 41,008,000 | 41,337,000 | 43,651,000 | 44,435,000 | 45,724,000 | 46,202,000 | 52,872,000 | 46,907,000 | 46,316,000 | 45,426,000 | 52,480,000 | 52,415,000 | 47,826,000 | 43,269,000 | 41,595,000 | 46,131,000 | 46,949,000 | 44,041,000 | 40,374,000 | 39,541,000 | 38,573,000 | 36,442,000 | 32,065,000 | 32,692,000 | 33,495,000 | 29,045,000 | 26,218,000 | 25,533,000 | |||||||||||||||||
sales and marketing | 10,606,000 | 14,140,000 | 11,583,000 | 17,417,000 | 25,614,000 | 27,901,000 | 26,508,000 | 23,545,000 | 30,375,000 | 29,746,000 | 28,872,000 | 30,956,000 | 37,017,000 | 38,080,000 | 31,803,000 | 35,279,000 | 42,498,000 | 30,275,000 | 27,239,000 | 21,686,000 | 26,214,000 | 21,293,000 | 24,625,000 | 15,758,000 | 20,238,000 | 16,235,000 | 16,822,000 | 11,795,000 | 18,717,000 | 12,251,000 | 15,690,000 | 11,437,000 | 15,336,000 | 10,994,000 | 14,184,000 | 10,098,000 | 15,964,000 | 12,500,000 | 15,256,000 | 11,747,000 | 14,446,000 | 14,097,000 | 16,211,000 | 12,382,000 | 21,392,000 | 19,018,000 | 23,453,000 | 14,817,000 | 15,027,000 | |
general and administrative | 19,180,000 | 44,834,000 | 33,232,000 | 59,966,000 | 39,374,000 | 56,296,000 | 51,910,000 | 54,016,000 | 55,534,000 | 53,426,000 | 57,075,000 | 70,309,000 | 58,973,000 | 61,700,000 | 53,742,000 | 53,935,000 | 46,870,000 | 47,459,000 | 33,971,000 | 39,719,000 | 37,870,000 | 31,128,000 | 40,784,000 | 31,292,000 | 26,145,000 | 27,445,000 | 23,752,000 | 22,622,000 | 23,670,000 | 19,979,000 | 20,000,000 | 19,479,000 | 18,256,000 | 17,248,000 | 17,320,000 | 14,501,000 | 15,342,000 | 14,232,000 | 13,905,000 | 14,569,000 | 12,666,000 | 9,429,000 | 12,060,000 | 11,943,000 | 11,777,000 | 10,357,000 | 10,986,000 | 10,654,000 | 9,840,000 | |
impairment expense | 2,000,000 | 195,708,000 | 481,531,000 | |||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 38,925,000 | 75,932,000 | 63,165,000 | 106,100,000 | 96,416,000 | 125,205,000 | 315,463,000 | 602,743,000 | 130,344,000 | 128,896,000 | 132,149,000 | 154,137,000 | 142,897,000 | 146,096,000 | 130,971,000 | 141,694,000 | 141,783,000 | 125,560,000 | 104,479,000 | 103,000,000 | 110,215,000 | 99,370,000 | 109,450,000 | 87,424,000 | 85,924,000 | 82,253,000 | 77,044,000 | 66,529,000 | 75,101,000 | 66,062,000 | 64,752,000 | 57,149,000 | 59,345,000 | 51,115,000 | 51,444,000 | 44,557,000 | 46,742,000 | 43,559,000 | 47,975,000 | 40,004,000 | 43,021,000 | 37,712,000 | 43,368,000 | 40,502,000 | 47,642,000 | 43,051,000 | 45,885,000 | 35,538,000 | 34,509,000 | |
income from operations | -1,037,000 | -34,272,000 | -17,124,000 | -36,458,000 | -29,002,000 | -27,320,000 | -222,290,000 | -485,007,000 | -2,491,000 | 13,287,000 | -57,870,000 | -18,696,000 | -4,446,000 | 7,673,000 | -11,435,000 | 7,343,000 | 5,376,000 | 26,197,000 | 361,000 | 34,770,000 | 16,779,000 | 49,218,000 | -17,802,000 | 22,061,000 | 3,276,000 | 17,086,000 | -5,057,000 | 6,815,000 | -1,027,000 | 7,544,000 | -10,433,000 | -711,000 | -2,620,000 | 3,011,000 | -11,160,000 | -5,282,000 | -5,536,000 | -1,074,000 | -15,331,000 | -8,375,000 | -15,290,000 | 4,062,000 | -23,802,000 | -9,697,000 | -28,263,000 | 2,743,000 | -32,634,000 | -9,642,000 | -25,601,000 | |
yoy | -96.42% | 25.45% | -92.30% | -92.48% | 1064.27% | -305.61% | 284.12% | 2494.18% | -43.97% | 73.17% | 406.08% | -354.61% | -182.70% | -70.71% | -3267.59% | -78.88% | -67.96% | -46.77% | -102.03% | 57.61% | 412.18% | 188.06% | 252.03% | 223.71% | -418.99% | 126.48% | -51.53% | -1058.51% | -60.80% | 150.55% | -6.51% | -86.54% | -52.67% | -380.35% | -27.21% | -36.93% | -63.79% | -126.44% | -35.59% | -13.63% | -45.90% | 48.09% | -27.06% | 0.57% | 10.40% | |||||
qoq | -96.97% | 100.14% | -53.03% | 25.71% | 6.16% | -87.71% | -54.17% | 19370.37% | -118.75% | -122.96% | 209.53% | 320.51% | -157.94% | -167.10% | -255.73% | 36.59% | -79.48% | 7156.79% | -98.96% | 107.22% | -65.91% | -376.47% | -180.69% | 573.41% | -80.83% | -437.87% | -174.20% | -763.58% | -113.61% | -172.31% | 1367.37% | -72.86% | -187.01% | -126.98% | 111.28% | -4.59% | 415.46% | -92.99% | 83.06% | -45.23% | -476.42% | -117.07% | 145.46% | -65.69% | -1130.37% | -108.41% | 238.46% | -62.34% | ||
operating margin % | -1.64% | -47.17% | -22.03% | -34.68% | -23.89% | -19.04% | -162.74% | -297.28% | -1.43% | 7.07% | -36.66% | -10.22% | -2.37% | 3.74% | -6.94% | 3.77% | 2.66% | 12.63% | 0.21% | 17.52% | 8.46% | 23.92% | -11.56% | 14.42% | 2.49% | 13.61% | -5.37% | 7.26% | -1.05% | 13.39% | -14.05% | -0.96% | -3.40% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | 4.98% | -40.03% | -14.95% | -34.41% | |
interest expense, net and other income, net: | ||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -31,000 | -41,000 | -41,000 | -41,000 | -467,000 | -631,000 | -658,000 | -651,000 | -650,000 | -658,000 | -733,000 | -1,114,000 | -1,268,000 | -1,302,000 | -1,525,000 | -1,616,000 | -1,597,000 | -1,633,000 | -1,633,000 | -1,701,000 | -1,929,000 | -21,977,000 | -17,468,000 | -13,425,000 | -13,427,000 | -13,557,000 | -13,548,000 | -13,514,000 | -4,232,000 | -3,769,000 | -3,772,000 | -3,664,000 | -20,000 | -18,000 | -19,000 | -18,000 | -19,000 | -20,000 | -30,000 | -61,000 | -60,000 | -65,000 | -61,000 | -60,000 | -61,000 | -62,000 | -67,000 | -127,000 | -61,000 | |
other income | 1,156,000 | 871,000 | 1,377,000 | 2,059,000 | 12,997,000 | 25,847,000 | 7,586,000 | 7,119,000 | 10,780,000 | 5,139,000 | 40,492,000 | 64,103,000 | 12,076,000 | -4,218,000 | 97,258,000 | 1,809,000 | 6,180,000 | 1,146,000 | 8,670,000 | 1,920,000 | -77,208,000 | 1,287,000 | -804,000 | 3,240,000 | 4,960,000 | 5,492,000 | 7,751,000 | 5,253,000 | 1,567,000 | 1,320,000 | 1,209,000 | 894,000 | 564,000 | 507,000 | 261,000 | -9,000 | -199,000 | -151,000 | -148,000 | -63,000 | 65,000 | -1,000 | 85,000 | 56,000 | 76,000 | 62,000 | 541,000 | 156,000 | 120,000 | |
total interest expense, net and other income | 1,125,000 | 830,000 | 1,336,000 | 2,018,000 | 6,468,000 | 10,130,000 | 4,481,000 | 39,759,000 | 62,989,000 | 10,808,000 | -5,520,000 | 95,733,000 | 193,000 | 4,583,000 | -487,000 | 7,037,000 | 219,000 | -79,137,000 | -20,690,000 | -18,272,000 | -10,185,000 | -8,467,000 | -8,065,000 | -5,797,000 | ||||||||||||||||||||||||||
income before benefit from income taxes | 88,000 | -2,104,000 | -215,362,000 | 17,768,000 | -18,111,000 | 2,153,000 | 84,298,000 | -9,613,000 | ||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | 140,000 | -979,500 | -1,683,000 | -4,021,000 | 2,723,000 | -8,103,000 | -172,000 | -295,000 | 167,264,000 | -1,367,000 | ||||||||||||||||||||||||||||||||||||||||
net income | 228,000 | -32,803,000 | -17,471,000 | -35,663,000 | -17,484,000 | -6,125,000 | -212,639,000 | -616,884,000 | -1,420,000 | 9,665,000 | -18,283,000 | 24,612,000 | 2,186,000 | 1,858,000 | 251,562,000 | 7,476,000 | 5,742,000 | 24,306,000 | 6,651,000 | 32,764,000 | -65,179,000 | 26,043,000 | -37,140,000 | 10,589,000 | -5,713,000 | 8,219,000 | -11,477,000 | -2,029,000 | -4,318,000 | 5,347,000 | -13,709,000 | -3,909,000 | -2,617,000 | 3,659,000 | -11,516,000 | -6,025,000 | -6,401,000 | -1,489,000 | -16,063,000 | -9,008,000 | -15,685,000 | 3,630,000 | -24,167,000 | -10,131,000 | -28,542,000 | 1,688,000 | -32,441,000 | -8,246,000 | -25,759,000 | |
yoy | -101.30% | 435.56% | -91.78% | -94.22% | 1131.27% | -163.37% | 1063.04% | -2606.44% | -164.96% | 420.18% | -107.27% | 229.21% | -61.93% | -92.36% | 3682.32% | -77.18% | -108.81% | -6.67% | -117.91% | 209.42% | 1040.89% | 216.86% | 223.60% | -621.88% | 32.31% | 53.71% | -16.28% | -48.09% | 65.00% | 46.13% | 19.04% | -35.12% | -59.12% | -345.74% | -28.31% | -33.12% | -59.19% | -141.02% | -33.53% | -11.08% | -45.05% | 115.05% | -25.50% | 22.86% | 10.80% | |||||
qoq | -100.70% | 87.76% | -51.01% | 103.98% | 185.45% | -97.12% | -65.53% | 43342.54% | -114.69% | -152.86% | -174.28% | 1025.89% | 17.65% | -99.26% | 3264.93% | 30.20% | -76.38% | 265.45% | -79.70% | -150.27% | -350.27% | -170.12% | -450.74% | -285.35% | -169.51% | -171.61% | 465.65% | -53.01% | -180.76% | -139.00% | 250.70% | 49.37% | -171.52% | -131.77% | 91.14% | -5.87% | 329.89% | -90.73% | 78.32% | -42.57% | -532.09% | -115.02% | 138.55% | -64.50% | -1790.88% | -105.20% | 293.41% | -67.99% | ||
net income margin % | 0.36% | -45.15% | -22.47% | -33.93% | -14.40% | -4.27% | -155.67% | -378.12% | -0.81% | 5.14% | -11.58% | 13.46% | 1.17% | 0.91% | 152.70% | 3.84% | 2.84% | 11.72% | 3.87% | 16.51% | -32.86% | 12.66% | -24.11% | 6.92% | -4.34% | 6.55% | -12.19% | -2.16% | -4.43% | 9.49% | -18.47% | -5.27% | -3.40% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | 3.06% | -39.79% | -12.79% | -34.63% | |
net income per share | -0.165 | -0.16 | -0.33 | -0.17 | -0.49 | 0.21 | -0.29 | -0.05 | 0.07 | -0.1 | -0.02 | -0.04 | 0.05 | -0.12 | -0.03 | -0.02 | 0.05 | -0.11 | -0.06 | -0.07 | -0.02 | -0.17 | -0.1 | -0.18 | 0.05 | -0.28 | -0.12 | -0.34 | 0.02 | -0.39 | -0.1 | -0.31 | ||||||||||||||||||
basic | -0.02 | -2.05 | -6.01 | -0.01 | 0.09 | -0.16 | 0.21 | 0.02 | 0.02 | 1.99 | 0.06 | 0.04 | -0.045 | 0.05 | 0.23 | 0.09 | ||||||||||||||||||||||||||||||||||
diluted | -0.02 | -2.05 | -6.01 | -0.01 | -0.1 | -0.16 | -0.11 | 0.02 | 0.03 | 1.23 | 0.06 | 0.04 | -0.045 | 0.05 | 0.2 | 0.08 | ||||||||||||||||||||||||||||||||||
weighted-average shares used for eps calculation | 108,450 | 106,908 | 105,159 | 141,262 | 134,352 | 125,367 | 126,194 | 122,428 | 119,204 | 120,085 | 118,790 | 116,730 | 113,251 | 114,184 | 112,738 | 110,904 | 100,022 | 103,041 | 95,047 | 92,830 | 90,534 | 91,059 | 90,416 | 89,118 | 86,818 | 87,706 | 86,741 | 84,794 | 83,205 | 83,688 | 83,209 | 82,181 | ||||||||||||||||||
basic | 111,726 | 107,484 | 103,300 | 103,723 | 102,604 | 102,343 | 116,504 | 115,407 | 117,977 | 123,710 | 127,557 | 126,132 | 126,272 | 132,162 | 144,746 | 143,112 | 123,842 | |||||||||||||||||||||||||||||||||
diluted | 112,130 | 107,484 | 103,300 | 103,723 | 102,604 | 102,343 | 128,569 | 115,407 | 132,944 | 124,304 | 149,859 | 148,045 | 149,574 | 133,270 | 146,699 | 168,282 | 133,851 | |||||||||||||||||||||||||||||||||
income before provision for income taxes | -33,442,000 | -15,788,000 | -34,440,000 | -16,472,000 | -478,539,000 | 7,639,000 | 44,293,000 | 6,362,000 | 7,536,000 | 9,959,000 | 25,710,000 | 7,398,000 | 34,989,000 | -62,358,000 | 28,528,000 | -36,074,000 | 11,876,000 | -5,191,000 | 9,021,000 | -10,854,000 | -1,446,000 | -3,692,000 | 5,095,000 | -12,996,000 | -3,481,000 | -2,076,000 | 3,500,000 | -10,918,000 | -5,309,000 | -5,754,000 | -1,245,000 | -15,509,000 | -8,499,000 | -15,285,000 | 3,996,000 | -23,778,000 | -9,701,000 | -28,248,000 | -16,828,750 | -32,160,000 | -25,542,000 | |||||||||
net income per share | -0.165 | -0.16 | -0.33 | -0.17 | -0.49 | 0.21 | -0.29 | -0.05 | 0.07 | -0.1 | -0.02 | -0.04 | 0.05 | -0.12 | -0.03 | -0.02 | 0.05 | -0.11 | -0.06 | -0.07 | -0.02 | -0.17 | -0.1 | -0.18 | 0.05 | -0.28 | -0.12 | -0.34 | 0.02 | -0.39 | -0.1 | -0.31 | ||||||||||||||||||
weighted-average shares used for eps calculation | 108,450 | 106,908 | 105,159 | 141,262 | 134,352 | 125,367 | 126,194 | 122,428 | 119,204 | 120,085 | 118,790 | 116,730 | 113,251 | 114,184 | 112,738 | 110,904 | 100,022 | 103,041 | 95,047 | 92,830 | 90,534 | 91,059 | 90,416 | 89,118 | 86,818 | 87,706 | 86,741 | 84,794 | 83,205 | 83,688 | 83,209 | 82,181 | ||||||||||||||||||
provision for income taxes | -1,223,000 | -1,012,000 | -138,345,000 | -9,059,000 | -19,681,000 | -4,176,000 | -60,000 | -4,217,000 | 1,404,000 | 747,000 | 2,225,000 | 2,821,000 | 2,485,000 | 1,066,000 | 1,287,000 | 522,000 | 802,000 | 623,000 | 583,000 | 626,000 | -252,000 | 713,000 | 428,000 | 541,000 | -159,000 | 598,000 | 716,000 | 647,000 | 244,000 | 554,000 | 509,000 | 400,000 | 366,000 | 389,000 | 430,000 | 294,000 | -217,250 | 281,000 | 217,000 | |||||||||||
interest expense and other income, net: | ||||||||||||||||||||||||||||||||||||||||||||||||||
total interest expense and other income | 12,530,000 | 5,881,500 | 6,928,000 | -8,261,000 | -2,665,000 | -1,197,250 | -2,563,000 | -2,770,000 | 544,000 | -750 | 242,000 | -27,000 | -218,000 | -74,250 | -178,000 | -124,000 | 5,000 | -66,000 | 24,000 | -4,000 | 15,000 | |||||||||||||||||||||||||||||
restructuring charges | 28,000 | 47,000 | 22,000 | 337,000 | 17,000 | 15,000 | 220,000 | 24,000 | 64,000 | 59,000 | 900,000 | 1,548,000 | 342,000 | 464,000 | 2,514,000 | |||||||||||||||||||||||||||||||||||
gain on liquidation of textbooks | -4,766,000 | -1,005,000 | -1,677,000 | -909,000 | -4,185,000 | 1,289,000 | -2,044,000 | -1,678,000 | ||||||||||||||||||||||||||||||||||||||||||
net revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||
rental | 7,756,000 | 5,511,000 | 12,006,000 | 14,564,000 | 27,166,000 | 22,703,000 | 32,782,000 | 37,714,000 | ||||||||||||||||||||||||||||||||||||||||||
services | 73,507,000 | 62,640,000 | 56,317,000 | 62,602,000 | 54,469,000 | 49,765,000 | 37,668,000 | 39,362,000 | 37,995,000 | 33,358,000 | 29,276,000 | 31,367,000 | ||||||||||||||||||||||||||||||||||||||
sales | 832,000 | 16,067,000 | 3,362,000 | 12,728,000 | 2,993,000 | 25,225,000 | 5,003,000 | 15,791,000 | ||||||||||||||||||||||||||||||||||||||||||
total net revenues | 73,507,000 | 62,640,000 | 56,317,000 | 62,602,000 | 63,057,000 | 71,343,000 | 53,036,000 | 66,654,000 | 68,154,000 | 81,286,000 | 67,061,000 | 84,872,000 | ||||||||||||||||||||||||||||||||||||||
cost of revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||
total cost of revenues | 19,381,000 | 22,356,000 | 17,042,000 | 21,396,000 | 20,572,000 | 38,699,000 | 21,407,000 | 38,923,000 | 26,380,000 | 61,720,000 | 36,256,000 | 65,493,000 | ||||||||||||||||||||||||||||||||||||||
technology and development | 22,849,000 | 19,876,000 | 19,899,000 | 19,302,000 | 17,099,000 | 16,241,000 | 16,033,000 | 16,958,000 | 14,315,000 | 15,664,000 | 13,268,000 | 16,144,000 | 12,387,000 | 13,490,000 | 12,189,000 | 11,320,000 | ||||||||||||||||||||||||||||||||||
loss on liquidation of textbooks | -1,191,500 | -130,750 | 2,673,000 | -2,191,000 | 2,445,000 | |||||||||||||||||||||||||||||||||||||||||||||
restructuring (credits) charges | -125,000 | -100,000 | -154,000 | -44,000 | ||||||||||||||||||||||||||||||||||||||||||||||
interest and other income, net: | ||||||||||||||||||||||||||||||||||||||||||||||||||
total interest and other income | 474,000 | 29,000 | 59,000 | |||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on liquidation of textbooks | -2,122,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 33,526,000 | 31,146,000 | 38,180,000 | 36,825,000 | 44,105,000 | 161,475,000 | 152,073,000 | 133,068,000 | 143,747,000 | 135,757,000 | 94,419,000 | 175,368,000 | 281,302,000 | 473,677,000 | 69,349,000 | 402,089,000 | 267,731,000 | 854,078,000 | 713,837,000 | 840,056,000 | 656,168,000 | 479,853,000 | 527,541,000 | 285,064,000 | 359,101,000 | 387,520,000 | 450,457,000 | 555,792,000 | 914,500,000 | 374,664,000 | 379,020,000 | 384,926,000 | 106,827,000 | 126,457,000 | 122,227,000 | 77,329,000 | 90,213,000 | 49,679,000 | 41,504,000 | 67,029,000 | 80,941,000 | 35,087,000 | 50,028,000 | 56,117,000 | 53,186,000 | 30,783,000 | 39,440,000 | 76,864,000 | ||
short-term investments | 32,388,000 | 41,674,000 | 58,209,000 | 48,815,000 | 44,188,000 | 154,249,000 | 209,003,000 | 212,396,000 | 247,013,000 | 194,257,000 | 166,841,000 | 209,686,000 | 277,864,000 | 583,973,000 | 871,408,000 | 981,288,000 | 915,431,000 | 691,781,000 | 1,038,345,000 | 1,221,666,000 | 1,215,944,000 | 665,567,000 | 723,327,000 | 417,530,000 | 404,794,000 | 381,074,000 | 345,392,000 | 259,399,000 | 70,080,000 | 93,345,000 | 80,898,000 | 80,938,000 | 82,264,000 | 81,742,000 | 80,914,000 | 20,002,000 | 17,800,000 | 21,365,000 | 27,409,000 | 28,867,000 | 33,346,000 | 30,035,000 | 28,430,000 | 54,376,000 | 37,071,000 | |||||
accounts receivable | 17,795,000 | 15,604,000 | 15,440,000 | 18,055,000 | 28,549,000 | 23,641,000 | 23,749,000 | 20,964,000 | 24,741,000 | 31,404,000 | 30,480,000 | 20,670,000 | 22,000,000 | 23,515,000 | 22,187,000 | 16,815,000 | 19,918,000 | 17,850,000 | 9,302,000 | 10,091,000 | 11,633,000 | 12,913,000 | 12,487,000 | 8,834,000 | 6,493,000 | 11,529,000 | 13,678,000 | 5,948,000 | 8,870,000 | 12,733,000 | 8,620,000 | 8,096,000 | 8,055,000 | 10,855,000 | 9,843,000 | 8,750,000 | 8,787,000 | 9,206,000 | 9,481,000 | 12,919,000 | 10,955,000 | 13,157,000 | 9,323,000 | 12,131,000 | 10,674,000 | 14,396,000 | 15,758,000 | 9,913,000 | 9,345,000 | 7,091,000 |
prepaid expenses | 12,128,000 | 16,331,000 | 18,742,000 | 23,683,000 | 14,514,000 | 17,100,000 | 24,706,000 | 30,841,000 | 20,429,000 | 20,980,000 | 30,761,000 | 18,620,000 | 25,486,000 | 28,481,000 | 33,441,000 | 20,115,000 | 28,882,000 | 35,093,000 | 35,164,000 | 18,811,000 | 25,256,000 | 12,776,000 | 15,082,000 | 16,060,000 | 17,852,000 | 10,538,000 | 9,654,000 | 12,152,000 | 15,739,000 | 4,673,000 | 7,099,000 | 8,707,000 | 10,799,000 | 2,043,000 | 3,865,000 | 6,950,000 | 8,197,000 | 2,579,000 | 4,018,000 | 5,608,000 | 8,477,000 | 3,117,000 | 5,786,000 | 7,657,000 | 8,611,000 | 3,091,000 | 3,391,000 | 3,652,000 | 3,025,000 | 2,134,000 |
other current assets | 14,948,000 | 16,857,000 | 72,788,000 | 76,548,000 | 78,395,000 | 81,094,000 | 86,980,000 | 36,279,000 | 30,010,000 | 32,437,000 | 25,195,000 | 22,372,000 | 30,832,000 | 34,754,000 | 35,196,000 | 31,559,000 | 14,671,000 | 23,846,000 | 29,316,000 | 25,643,000 | 26,625,000 | 11,846,000 | 21,059,000 | 14,650,000 | 19,528,000 | 16,606,000 | 24,888,000 | 14,608,000 | 9,691,000 | 9,510,000 | 26,651,000 | 7,742,000 | 6,898,000 | 7,845,000 | 23,955,000 | 7,571,000 | 16,637,000 | 22,259,000 | 35,570,000 | 40,224,000 | 43,192,000 | 31,732,000 | 33,834,000 | 16,872,000 | 3,986,000 | 3,864,000 | 8,679,000 | 1,774,000 | 2,181,000 | 1,112,000 |
total current assets | 110,785,000 | 121,612,000 | 203,359,000 | 203,926,000 | 209,751,000 | 437,559,000 | 496,511,000 | 433,548,000 | 465,940,000 | 414,835,000 | 347,696,000 | 446,716,000 | 637,484,000 | 1,144,400,000 | 1,031,581,000 | 1,451,866,000 | 1,246,633,000 | 1,622,648,000 | 1,825,964,000 | 2,116,267,000 | 1,935,626,000 | 1,182,955,000 | 1,299,496,000 | 742,138,000 | 807,768,000 | 807,267,000 | 844,069,000 | 847,899,000 | 1,018,880,000 | 494,925,000 | 502,288,000 | 490,409,000 | 214,843,000 | 228,942,000 | 240,804,000 | 89,357,000 | 103,915,000 | 111,373,000 | 139,282,000 | 108,430,000 | 124,130,000 | 132,835,000 | 151,249,000 | 99,156,000 | 102,166,000 | 110,814,000 | 111,049,000 | 74,552,000 | 108,406,000 | 124,309,000 |
long-term investments | 1,984,000 | 12,392,000 | 15,277,000 | 28,474,000 | 38,093,000 | 212,650,000 | 270,161,000 | 259,925,000 | 221,665,000 | 249,547,000 | 412,541,000 | 422,758,000 | 613,863,000 | 216,233,000 | 286,781,000 | 265,729,000 | 435,413,000 | 745,993,000 | 813,500,000 | 484,853,000 | 711,224,000 | 523,628,000 | 521,261,000 | 280,492,000 | 273,114,000 | 310,483,000 | 340,118,000 | 288,682,000 | 12,533,000 | 16,052,000 | 14,961,000 | 15,957,000 | 10,628,000 | 20,305,000 | 17,013,000 | 2,878,000 | 4,229,000 | 2,935,000 | 4,727,000 | 1,451,000 | 14,124,000 | 19,295,000 | 36,671,000 | 24,320,000 | ||||||
property and equipment | 105,127,000 | 115,168,000 | 125,598,000 | 135,491,000 | 144,971,000 | 170,648,000 | 177,882,000 | 179,278,000 | 188,430,000 | 183,073,000 | 168,735,000 | 198,318,000 | 201,305,000 | 204,383,000 | 202,362,000 | 195,370,000 | 187,743,000 | 169,938,000 | 156,121,000 | 149,627,000 | 134,093,000 | 125,807,000 | 113,058,000 | 105,640,000 | 97,889,000 | 87,359,000 | 77,667,000 | 76,962,000 | 72,937,000 | 59,904,000 | 52,945,000 | 51,516,000 | 48,197,000 | 47,493,000 | 45,078,000 | 40,294,000 | 36,778,000 | 35,305,000 | 30,766,000 | 29,356,000 | 23,361,000 | 19,971,000 | 18,537,000 | 18,569,000 | 17,892,000 | 18,369,000 | 18,298,000 | 18,933,000 | 18,994,000 | 18,964,000 |
intangible assets | 4,964,000 | 6,041,000 | 7,117,000 | 8,194,000 | 9,271,000 | 10,347,000 | 11,424,000 | 12,848,000 | 48,143,000 | 52,430,000 | 56,638,000 | 67,630,000 | 73,086,000 | 78,333,000 | 80,646,000 | 91,469,000 | 102,685,000 | 40,566,000 | 43,573,000 | 46,620,000 | 49,798,000 | 51,249,000 | 55,386,000 | 59,522,000 | 32,075,000 | 34,667,000 | 20,622,000 | 22,374,000 | 24,097,000 | 25,915,000 | 27,813,000 | 22,591,000 | 19,902,000 | 21,153,000 | 16,599,000 | 17,970,000 | 19,345,000 | 20,748,000 | 21,659,000 | 23,061,000 | 8,237,000 | 8,865,000 | 9,511,000 | 10,629,000 | 12,066,000 | 13,626,000 | 10,972,000 | 12,664,000 | 3,150,000 | 3,311,000 |
right of use assets | 12,113,000 | 13,188,000 | 18,088,000 | 19,418,000 | 21,479,000 | 22,256,000 | 29,071,000 | 21,508,000 | 23,521,000 | 25,130,000 | 26,568,000 | 28,267,000 | 29,770,000 | 18,838,000 | 18,144,000 | 15,485,000 | 18,879,000 | 18,062,000 | 19,520,000 | 21,100,000 | 22,617,000 | 24,226,000 | 14,124,000 | 15,207,000 | 14,608,000 | 15,931,000 | 16,312,000 | 14,756,000 | 15,875,000 | |||||||||||||||||||||
other assets | 9,129,000 | 9,613,000 | 8,832,000 | 8,950,000 | 15,204,000 | 14,527,000 | 15,315,000 | 15,167,000 | 15,961,000 | 28,382,000 | 28,964,000 | 28,492,000 | 19,824,000 | 20,612,000 | 21,680,000 | 17,951,000 | 19,182,000 | 21,035,000 | 22,484,000 | 24,073,000 | 25,602,000 | 24,030,000 | 18,948,000 | 25,068,000 | 23,554,000 | 18,778,000 | 15,836,000 | 15,544,000 | 15,412,000 | 14,618,000 | 4,523,000 | 4,256,000 | 4,383,000 | 3,765,000 | 4,419,000 | 4,297,000 | 4,699,000 | 4,412,000 | 5,565,000 | 5,227,000 | 4,169,000 | 4,427,000 | 3,882,000 | 1,922,000 | 1,732,000 | 1,804,000 | 1,800,000 | 2,160,000 | 2,024,000 | 1,814,000 |
total assets | 244,102,000 | 278,014,000 | 378,271,000 | 404,453,000 | 438,769,000 | 868,951,000 | 1,002,672,000 | 1,114,330,000 | 1,732,644,000 | 1,727,235,000 | 1,804,639,000 | 1,968,535,000 | 2,361,787,000 | 2,465,416,000 | 2,397,861,000 | 2,654,519,000 | 2,662,470,000 | 2,919,246,000 | 3,187,495,000 | 3,150,947,000 | 3,193,561,000 | 2,251,258,000 | 2,341,657,000 | 1,539,878,000 | 1,495,004,000 | 1,488,998,000 | 1,463,692,000 | 1,415,683,000 | 1,309,215,000 | 760,938,000 | 752,292,000 | 720,571,000 | 423,478,000 | 446,930,000 | 440,152,000 | 268,157,000 | 280,976,000 | 290,652,000 | 316,208,000 | 292,888,000 | 274,716,000 | 291,356,000 | 322,057,000 | 287,564,000 | 309,728,000 | 318,127,000 | 348,133,000 | 314,522,000 | 332,765,000 | 327,371,000 |
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 7,081,000 | 3,258,000 | 8,850,000 | 8,321,000 | 16,812,000 | 15,159,000 | 18,124,000 | 14,424,000 | 20,119,000 | 28,184,000 | 18,187,000 | 12,954,000 | 13,058,000 | 12,367,000 | 14,902,000 | 11,910,000 | 9,549,000 | 11,992,000 | 10,518,000 | 6,211,000 | 14,902,000 | 8,547,000 | 5,838,000 | 6,421,000 | 13,605,000 | 7,362,000 | 4,197,000 | 3,131,000 | 6,341,000 | 8,177,000 | 4,283,000 | 5,337,000 | 3,981,000 | 7,049,000 | 2,109,000 | 809,000 | 3,261,000 | 5,175,000 | 7,992,000 | 6,260,000 | 4,307,000 | 5,860,000 | 11,982,000 | 3,832,000 | 4,846,000 | 10,945,000 | 6,063,000 | 9,813,000 | 3,742,000 | 4,078,000 |
deferred revenue | 28,753,000 | 29,675,000 | 32,148,000 | 34,759,000 | 45,150,000 | 39,217,000 | 44,355,000 | 45,023,000 | 54,056,000 | 55,336,000 | 58,906,000 | 53,200,000 | 58,568,000 | 56,273,000 | 60,475,000 | 53,297,000 | 60,458,000 | 35,143,000 | 49,983,000 | 34,682,000 | 48,608,000 | 32,620,000 | 51,941,000 | 28,320,000 | 35,753,000 | 18,780,000 | 27,457,000 | 18,821,000 | 26,276,000 | 17,418,000 | 25,281,000 | 13,710,000 | 18,625,000 | 13,440,000 | 21,906,000 | 12,457,000 | 18,106,000 | 14,836,000 | 30,004,000 | 14,458,000 | 26,769,000 | 14,971,000 | 46,081,000 | 19,752,000 | 44,969,000 | 24,591,000 | 72,462,000 | 24,175,000 | 52,116,000 | 22,804,000 |
accrued liabilities | 37,285,000 | 54,249,000 | 111,048,000 | 121,373,000 | 109,070,000 | 115,360,000 | 125,138,000 | 68,001,000 | 73,555,000 | 77,863,000 | 73,133,000 | 76,657,000 | 68,026,000 | 70,234,000 | 68,096,000 | 69,160,000 | 85,424,000 | 67,209,000 | 73,320,000 | 72,644,000 | 78,089,000 | 61,962,000 | 79,524,000 | 50,067,000 | 47,241,000 | 39,964,000 | 52,199,000 | 37,425,000 | 35,706,000 | 34,077,000 | 46,999,000 | 29,460,000 | 26,418,000 | 31,074,000 | 41,940,000 | 27,861,000 | 41,005,000 | 44,319,000 | 59,034,000 | 46,427,000 | 19,274,000 | 35,280,000 | 39,674,000 | 23,903,000 | 20,187,000 | 31,183,000 | 29,563,000 | 19,991,000 | 19,826,000 | 21,270,000 |
current portion of convertible senior notes | 33,822,000 | 53,765,000 | 62,558,000 | 62,516,000 | 358,605,000 | 358,222,000 | 357,838,000 | 357,458,000 | 357,079,000 | 109,494,000 | ||||||||||||||||||||||||||||||||||||||||
total current liabilities | 106,941,000 | 140,947,000 | 214,604,000 | 226,969,000 | 171,032,000 | 528,341,000 | 545,839,000 | 485,286,000 | 505,188,000 | 518,462,000 | 150,226,000 | 142,811,000 | 139,652,000 | 138,874,000 | 143,473,000 | 134,367,000 | 155,431,000 | 114,344,000 | 133,821,000 | 113,537,000 | 251,093,000 | 109,732,000 | 142,955,000 | 90,493,000 | 101,833,000 | 71,389,000 | 88,835,000 | 64,151,000 | 72,963,000 | 59,672,000 | 76,563,000 | 48,507,000 | 49,024,000 | 51,563,000 | 65,955,000 | 41,127,000 | 62,372,000 | 64,330,000 | 97,030,000 | 67,145,000 | 50,350,000 | 56,111,000 | 97,737,000 | 47,487,000 | 70,002,000 | 66,719,000 | 108,088,000 | 53,979,000 | 75,684,000 | 48,152,000 |
long-term liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||
long-term operating lease liabilities | 13,677,000 | 15,205,000 | 15,355,000 | 17,700,000 | 17,797,000 | 18,509,000 | 23,665,000 | 15,595,000 | 16,460,000 | 18,063,000 | 19,537,000 | 21,253,000 | 23,064,000 | 13,375,000 | 12,347,000 | 11,281,000 | 12,456,000 | 12,447,000 | 14,137,000 | 15,811,000 | 17,551,000 | 19,264,000 | 11,661,000 | 12,947,000 | 13,012,000 | 14,513,000 | 15,315,000 | 14,243,000 | 15,424,000 | |||||||||||||||||||||
other long-term liabilities | 2,341,000 | 2,239,000 | 2,259,000 | 1,928,000 | 1,794,000 | 1,776,000 | 4,945,000 | 4,870,000 | 4,603,000 | 3,334,000 | 2,236,000 | 2,427,000 | 2,662,000 | 7,985,000 | 7,996,000 | 9,149,000 | 6,528,000 | 7,383,000 | 8,271,000 | 8,377,000 | 7,628,000 | 5,705,000 | 4,665,000 | 11,867,000 | 3,983,000 | 3,964,000 | 3,815,000 | 3,592,000 | 3,311,000 | 6,964,000 | 7,016,000 | 6,767,000 | ||||||||||||||||||
total long-term liabilities | 16,018,000 | 17,444,000 | 17,614,000 | 19,628,000 | 82,066,000 | 147,629,000 | 271,852,000 | 263,544,000 | 263,982,000 | 264,155,000 | 621,064,000 | 790,723,000 | 1,215,376,000 | 1,209,953,000 | 1,207,856,000 | 1,701,361,000 | 1,698,518,000 | 1,697,985,000 | 1,699,157,000 | 1,699,528,000 | 1,699,125,000 | 1,531,891,000 | 1,553,310,000 | 951,007,000 | 930,244,000 | 918,780,000 | 906,345,000 | 891,961,000 | 808,115,000 | 290,632,000 | 287,148,000 | 283,345,000 | 4,285,000 | 4,365,000 | 5,315,000 | 5,187,000 | 5,153,000 | 4,979,000 | ||||||||||||
total liabilities | 122,959,000 | 158,391,000 | 232,218,000 | 246,597,000 | 253,098,000 | 675,970,000 | 817,691,000 | 748,830,000 | 769,170,000 | 782,617,000 | 771,290,000 | 933,534,000 | 1,355,028,000 | 1,348,827,000 | 1,351,329,000 | 1,835,728,000 | 1,853,949,000 | 1,812,329,000 | 1,832,978,000 | 1,813,065,000 | 1,950,218,000 | 1,641,623,000 | 1,696,265,000 | 1,041,500,000 | 1,032,077,000 | 990,169,000 | 995,180,000 | 956,112,000 | 881,078,000 | 350,304,000 | 363,711,000 | 331,852,000 | 53,467,000 | 55,868,000 | 71,198,000 | 46,101,000 | 66,914,000 | 68,713,000 | 101,105,000 | 71,155,000 | 54,319,000 | 60,281,000 | 101,998,000 | 52,219,000 | 74,287,000 | 71,084,000 | 113,403,000 | 59,166,000 | 80,837,000 | 53,131,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value per share... | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.001 par value per share... | 112,000 | 109,000 | 108,000 | 105,000 | 104,000 | 103,000 | 102,000 | 116,000 | 115,000 | 120,000 | 125,000 | 126,000 | 127,000 | 145,000 | 145,000 | |||||||||||||||||||||||||||||||||||
additional paid-in capital | 1,147,586,000 | 1,145,371,000 | 1,139,266,000 | 1,133,686,000 | 1,125,738,000 | 1,114,550,000 | 1,098,242,000 | 1,075,989,000 | 1,057,837,000 | 1,031,627,000 | 1,151,697,000 | 1,121,820,000 | 1,120,344,000 | 1,244,504,000 | 1,220,688,000 | 1,211,506,000 | 1,176,765,000 | 1,449,305,000 | 1,717,421,000 | 1,706,855,000 | 1,645,352,000 | 1,030,577,000 | 1,092,574,000 | 907,908,000 | 890,258,000 | 916,095,000 | 894,660,000 | 873,104,000 | 839,924,000 | 818,113,000 | 801,355,000 | 787,480,000 | 764,065,000 | 782,845,000 | 764,097,000 | 605,638,000 | 591,774,000 | 593,351,000 | 584,999,000 | 575,601,000 | 565,179,000 | 560,242,000 | 552,773,000 | 543,789,000 | 533,739,000 | 516,845,000 | 506,208,000 | 494,364,000 | 482,718,000 | |
accumulated other comprehensive loss | -33,921,000 | -32,997,000 | -33,263,000 | -33,350,000 | -33,247,000 | -32,233,000 | -30,049,000 | -39,915,000 | -40,672,000 | -34,739,000 | -56,426,000 | -43,179,000 | -45,338,000 | -57,488,000 | -101,870,000 | -68,868,000 | -36,922,000 | -5,362,000 | -1,096,000 | -1,758,000 | -618,000 | -900,000 | -1,019,000 | -965,000 | -661,000 | -282,000 | -77,000 | -176,000 | -148,000 | -183,000 | -104,000 | -172,000 | -89,000 | -13,000 | -1,000 | |||||||||||||||
accumulated deficit | -992,634,000 | -992,862,000 | -960,059,000 | -942,588,000 | -906,925,000 | -889,441,000 | -883,316,000 | -670,677,000 | -53,793,000 | -52,373,000 | -62,038,000 | -43,755,000 | -68,367,000 | -70,553,000 | -72,411,000 | -323,973,000 | -331,449,000 | -337,191,000 | -361,497,000 | -368,148,000 | -400,912,000 | -422,601,000 | -448,644,000 | -411,504,000 | -422,093,000 | -416,292,000 | -424,511,000 | -413,034,000 | -411,005,000 | -406,576,000 | -411,924,000 | -398,214,000 | -394,305,000 | -391,611,000 | -395,270,000 | -383,754,000 | -377,729,000 | -371,328,000 | -369,839,000 | -353,776,000 | -344,768,000 | -329,083,000 | -332,713,000 | -308,546,000 | -298,415,000 | -269,873,000 | -271,561,000 | -239,120,000 | -230,874,000 | -205,115,000 |
total stockholders' equity | 121,143,000 | 146,053,000 | 157,856,000 | 185,671,000 | 184,981,000 | 365,500,000 | 963,474,000 | 1,033,349,000 | 1,035,001,000 | 1,006,759,000 | 1,046,532,000 | 818,791,000 | 808,521,000 | 1,354,517,000 | 1,337,882,000 | 1,243,343,000 | 645,392,000 | 498,378,000 | 462,927,000 | 498,829,000 | 468,512,000 | 459,571,000 | 428,137,000 | 410,634,000 | 388,581,000 | 388,719,000 | 370,011,000 | 391,062,000 | 368,954,000 | 222,056,000 | 214,062,000 | 221,939,000 | 215,103,000 | 221,733,000 | 220,397,000 | 231,075,000 | 220,059,000 | 235,345,000 | 235,441,000 | 247,043,000 | 234,730,000 | 255,356,000 | 251,928,000 | |||||||
total liabilities and stockholders' equity | 244,102,000 | 378,271,000 | 404,453,000 | 438,769,000 | 1,002,672,000 | 1,114,330,000 | 1,732,644,000 | 1,804,639,000 | 1,968,535,000 | 2,361,787,000 | 2,397,861,000 | 2,654,519,000 | 2,662,470,000 | 3,187,495,000 | 3,150,947,000 | 3,193,561,000 | 2,341,657,000 | 1,539,878,000 | 1,495,004,000 | 1,488,998,000 | 1,463,692,000 | 1,415,683,000 | 1,309,215,000 | 760,938,000 | 752,292,000 | 720,571,000 | 423,478,000 | 446,930,000 | 440,152,000 | 268,157,000 | 280,976,000 | 290,652,000 | 316,208,000 | 292,888,000 | 274,716,000 | 291,356,000 | 322,057,000 | 287,564,000 | 309,728,000 | 318,127,000 | 348,133,000 | 314,522,000 | 332,765,000 | |||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||
convertible senior notes | 62,475,000 | 127,344,000 | 243,242,000 | 243,079,000 | 242,919,000 | 242,758,000 | 599,291,000 | 767,043,000 | 1,189,650,000 | 1,188,593,000 | 1,187,513,000 | 1,680,931,000 | 1,679,534,000 | 1,678,155,000 | 1,676,749,000 | 1,675,340,000 | 1,506,922,000 | 1,536,984,000 | 926,193,000 | 913,249,000 | 900,303,000 | 887,215,000 | 874,126,000 | 789,380,000 | 283,668,000 | 280,132,000 | 276,578,000 | |||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at december 31, 2025 and december 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 111,000 | 105,000 | 103,000 | 126,000 | 137,000 | 141,000 | 129,000 | 129,000 | 124,000 | 124,000 | 122,000 | 121,000 | 119,000 | 118,000 | 116,000 | 115,000 | 114,000 | 113,000 | 110,000 | 108,000 | 96,000 | 94,000 | 92,000 | 91,000 | 91,000 | 90,000 | 88,000 | 88,000 | 88,000 | 86,000 | 84,000 | 84,000 | 84,000 | 83,000 | 82,000 | |||||||||||||||
total stockholders’ equity | 119,623,000 | 192,981,000 | 944,618,000 | 1,116,589,000 | 1,106,917,000 | 609,635,000 | 274,240,000 | |||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 278,014,000 | 868,951,000 | 1,727,235,000 | 2,465,416,000 | 2,919,246,000 | 2,251,258,000 | ||||||||||||||||||||||||||||||||||||||||||||
goodwill | 189,769,000 | 628,784,000 | 631,995,000 | 617,690,000 | 629,564,000 | 622,679,000 | 615,093,000 | 589,702,000 | 616,649,000 | 641,284,000 | 289,763,000 | 290,499,000 | 290,725,000 | 290,601,000 | 285,214,000 | 284,809,000 | 284,682,000 | 214,323,000 | 214,513,000 | 149,068,000 | 149,466,000 | 149,481,000 | 149,524,000 | 149,762,000 | 135,842,000 | 125,525,000 | 125,272,000 | 116,239,000 | 116,239,000 | 116,239,000 | 116,239,000 | 114,980,000 | 114,980,000 | 91,301,000 | 91,301,000 | 91,301,000 | 91,301,000 | 91,301,000 | 91,301,000 | 86,685,000 | 86,685,000 | 49,605,000 | 49,545,000 | |||||||
deferred tax assets | 964,000 | 2,308,000 | 2,287,000 | 140,200,000 | 141,843,000 | 145,807,000 | 146,790,000 | 163,776,000 | 167,524,000 | 166,965,000 | 39,000 | 37,000 | ||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at december 31, 2024 and december 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at december 31, 2023 and december 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||
textbook library | 10,651,000 | 11,241,000 | 15,834,000 | 17,682,000 | 24,000,000 | 34,149,000 | 34,575,000 | 27,129,000 | 31,673,000 | 2,575,000 | 3,956,000 | 11,834,000 | 20,640,000 | 29,728,000 | 44,642,000 | 61,260,000 | 84,571,000 | 80,762,000 | 105,205,000 | 100,233,000 | 113,915,000 | 105,108,000 | ||||||||||||||||||||||||||||
preferred stock, 0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at december 31, 2022 and december 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at december 31, 2021 and december 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -5,334,000 | -1,552,000 | -970,000 | -1,238,000 | 1,530,000 | 1,333,000 | 1,850,000 | 138,000 | 19,000 | 76,000 | 28,000 | 1,000 | -6,000 | |||||||||||||||||||||||||||||||||||||
long-term portion of convertible senior notes | 1,673,946,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||
current operating lease liabilities | 6,603,000 | 5,652,000 | 5,685,000 | 5,234,000 | 5,283,000 | 4,982,000 | 4,774,000 | 4,640,000 | ||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at december 31, 2020 and december 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at december 31, 2019 and december 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at december 31, 2018 and december 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total other long-term liabilities | 4,443,000 | 4,305,000 | 5,243,000 | 4,974,000 | 4,542,000 | 4,383,000 | 4,075,000 | 4,010,000 | 3,969,000 | 4,170,000 | 4,261,000 | 4,732,000 | ||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at december 31, 2017 and december 31, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash | 66,086,000 | 70,294,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at december 31, 2016 and december 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at september 30, 2015 and december 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at june 30, 2015 and december 31, 2014, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive gain | 14,000 | 31,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
long-term liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 4,285,000 | 4,365,000 | 5,315,000 | 5,187,000 | 5,153,000 | 4,979,000 | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at march 31, 2015 and december 31, 2014, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value –10,000,000 shares authorized, no shares issued andoutstanding at december 31, 2014 and 2013, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value –10,000,000 shares authorized, no shares issued and outstanding at september 30, 2014 and december 31, 2013, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value –10,000,000 shares authorized, no shares issued and outstanding at june 30, 2014 and december 31, 2013, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value –10,000,000 shares authorized, no shares issued and outstanding at march 31, 2014 and december 31, 2013, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, convertible preferred stock and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock warrant liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||
debt obligations, current | ||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, 0.001 par value –no shares authorized, issued and outstanding, and aggregate liquidation preference of 0 as of december 31, 2013; 76,388,007 shares authorized, 62,814,746 shares issued and outstanding, and aggregate liquidation preference of 210,845 as of december 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.001 par value –10,000,000 shares authorized, no shares issued and outstanding at december 31, 2013; no shares authorized, issued or outstanding at december 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital common stock | 479,279,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, convertible preferred stock and stockholders’ equity | 327,371,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||
net income | 228,000 | -6,125,000 | -212,639,000 | -616,884,000 | -1,420,000 | 9,665,000 | -18,283,000 | 24,612,000 | 2,186,000 | 1,858,000 | 251,562,000 | 7,476,000 | 5,742,000 | ||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
share-based compensation expense | 2,711,000 | 6,770,000 | 5,925,000 | 7,912,000 | 11,257,000 | 15,347,000 | 21,931,000 | 18,047,000 | 29,289,000 | 31,906,000 | 31,930,000 | 35,920,000 | 33,746,000 | 35,115,000 | 34,170,000 | 31,087,000 | 33,084,000 | 32,689,000 | 24,512,000 | 28,545,000 | 23,100,000 | 24,646,000 | 21,529,000 | 19,546,000 | 18,334,000 | 17,554,000 | 16,865,000 | 15,452,000 | 15,038,000 | 14,527,000 | 13,818,000 | 12,043,000 | 11,642,000 | 10,891,000 | 10,091,000 | 9,099,000 | 8,278,000 | 9,084,000 | 10,210,000 | 11,221,000 | 11,270,000 | 6,991,000 | 8,933,000 | 7,831,000 | 15,020,000 | ||||
depreciation and amortization expense | 13,947,000 | 14,996,000 | 15,321,000 | 16,226,000 | 32,094,000 | 19,378,000 | 19,573,000 | 19,706,000 | 19,687,000 | 8,878,000 | 7,435,000 | 7,149,000 | 6,785,000 | 6,174,000 | 5,966,000 | 5,448,000 | 5,217,000 | ||||||||||||||||||||||||||||||||
deferred tax assets | -95,000 | 1,029,000 | 170,000 | 134,000 | 15,000 | ||||||||||||||||||||||||||||||||||||||||||||
operating lease expense, net of accretion | 545,000 | 758,000 | 864,000 | 930,000 | 1,089,000 | 1,496,000 | 1,581,000 | 1,504,000 | 1,602,000 | 1,640,000 | 1,467,000 | 1,463,000 | 1,475,000 | 1,589,000 | 1,501,000 | 1,215,000 | 1,132,000 | 1,053,000 | 1,101,000 | 1,116,000 | 1,119,000 | 1,049,000 | |||||||||||||||||||||||||||
amortization of debt issuance costs | 31,000 | 41,000 | 41,000 | 41,000 | 377,000 | 519,000 | 547,000 | 540,000 | 541,000 | 546,000 | 622,000 | 931,000 | 1,057,000 | 1,305,000 | 1,397,000 | 1,382,000 | |||||||||||||||||||||||||||||||||
loss from write-offs of property and equipment | 49,000 | 1,166,000 | 235,000 | -1,729,000 | 2,287,000 | ||||||||||||||||||||||||||||||||||||||||||||
gain on early extinguishment of debt | -523,000 | 0 | 0 | -7,360,000 | -32,149,000 | ||||||||||||||||||||||||||||||||||||||||||||
realized gain on sale of investments | -5,000 | 0 | 0 | -752,000 | |||||||||||||||||||||||||||||||||||||||||||||
other non-cash items | -159,000 | 374,000 | 724,000 | 353,000 | -28,000 | 434,000 | 140,000 | 113,000 | -31,000 | -839,000 | 694,000 | -1,078,000 | -5,000 | -241,000 | 452,000 | 904,000 | -737,000 | -1,471,000 | 200,000 | 211,000 | 87,000 | -33,000 | 104,000 | -188,000 | -1,000 | -255,000 | -71,000 | -44,000 | -64,000 | 156,000 | -41,000 | 117,000 | -9,000 | -46,000 | 124,000 | -41,000 | 23,000 | ||||||||||||
change in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | -2,338,000 | -153,000 | 2,478,000 | 10,807,000 | -4,693,000 | -248,000 | -2,542,000 | 3,856,000 | 6,705,000 | -891,000 | -9,989,000 | 1,503,000 | 1,578,000 | -1,493,000 | -5,486,000 | 2,935,000 | 292,000 | -8,597,000 | 131,000 | 1,222,000 | 2,240,000 | -506,000 | -3,855,000 | -968,000 | 4,929,000 | 2,679,000 | -7,794,000 | 2,920,000 | 4,024,000 | -3,947,000 | -200,000 | -174,000 | 2,783,000 | -961,000 | -1,203,000 | 42,000 | 1,947,000 | -439,000 | -2,295,000 | 446,000 | 2,161,000 | 1,111,000 | -515,000 | -2,318,000 | 2,434,000 | 1,924,000 | -1,422,000 | 16,000 | -2,227,000 |
prepaid expenses and other current assets | 6,018,000 | 58,548,000 | 8,763,000 | -6,821,000 | 5,880,000 | 13,993,000 | -43,552,000 | -15,756,000 | 3,583,000 | 2,918,000 | -14,524,000 | 6,597,000 | 8,485,000 | 3,940,000 | -15,517,000 | 7,046,000 | 21,722,000 | 9,216,000 | -16,355,000 | 10,360,000 | -25,075,000 | 11,597,000 | -4,366,000 | 7,895,000 | -9,707,000 | 7,811,000 | -7,799,000 | -1,420,000 | -11,522,000 | 19,329,000 | -17,477,000 | 1,121,000 | -7,894,000 | 17,843,000 | -13,365,000 | 10,313,000 | -1,241,000 | 14,751,000 | 6,196,000 | 5,908,000 | -16,816,000 | 4,625,000 | -15,098,000 | -11,807,000 | -5,598,000 | 5,375,000 | -6,582,000 | 128,000 | -1,902,000 |
other assets | -268,000 | -1,302,000 | 395,000 | 410,000 | 518,000 | 1,599,000 | 304,000 | 497,000 | -1,270,000 | 2,158,000 | 3,201,000 | 2,667,000 | 2,803,000 | -1,363,000 | 2,868,000 | 4,716,000 | 8,342,000 | 6,915,000 | 2,252,000 | 6,162,000 | 1,058,000 | -1,576,000 | -1,926,000 | 713,000 | -1,425,000 | -3,483,000 | -345,000 | 3,500,000 | -1,166,000 | 635,000 | -87,000 | 6,000 | -506,000 | 654,000 | -122,000 | 402,000 | -287,000 | 1,153,000 | 682,000 | -656,000 | 258,000 | -388,000 | 49,000 | -300,000 | 47,000 | -8,000 | 323,000 | -229,000 | -241,000 |
accounts payable | 3,599,000 | -4,683,000 | 1,061,000 | -7,573,000 | 1,535,000 | -4,068,000 | 3,737,000 | -5,456,000 | -6,589,000 | 8,237,000 | 5,491,000 | -335,000 | -336,000 | -2,416,000 | 3,518,000 | 2,288,000 | -7,534,000 | 1,421,000 | 4,959,000 | -9,736,000 | 6,597,000 | 2,753,000 | -1,060,000 | -138,000 | -436,000 | 1,588,000 | 1,434,000 | -3,581,000 | -1,836,000 | 3,894,000 | -1,289,000 | 1,356,000 | -3,068,000 | 4,940,000 | 1,300,000 | -2,452,000 | -1,139,000 | -3,441,000 | 1,697,000 | 2,625,000 | -1,609,000 | -6,213,000 | 8,127,000 | -1,212,000 | -4,938,000 | 5,356,000 | -3,307,000 | 3,774,000 | -786,000 |
deferred revenue | -608,000 | -2,482,000 | -2,250,000 | -11,382,000 | 5,437,000 | -4,122,000 | -1,537,000 | -9,067,000 | -1,159,000 | -4,124,000 | 6,173,000 | -5,646,000 | 2,012,000 | -3,896,000 | 7,178,000 | -4,298,000 | 8,554,000 | -14,840,000 | 15,301,000 | -13,926,000 | 15,988,000 | -19,321,000 | 24,122,000 | -8,856,000 | 16,973,000 | -11,721,000 | 8,636,000 | -7,455,000 | 8,858,000 | -7,863,000 | 11,571,000 | -4,915,000 | 5,185,000 | -8,466,000 | 9,449,000 | -5,649,000 | 3,270,000 | -15,168,000 | 15,546,000 | -12,448,000 | 11,798,000 | -31,110,000 | 26,329,000 | -25,217,000 | 20,378,000 | -47,871,000 | 48,287,000 | -28,071,000 | 29,312,000 |
accrued liabilities | -18,186,000 | -56,422,000 | -2,188,000 | 3,781,000 | -4,894,000 | 254,000 | 50,906,000 | -4,697,000 | 640,000 | -1,193,000 | 991,000 | -4,571,000 | -2,569,000 | 3,212,000 | -2,289,000 | -13,479,000 | -7,555,000 | -5,353,000 | 6,355,000 | -5,189,000 | 9,386,000 | -11,832,000 | 16,887,000 | 1,417,000 | 15,972,000 | -18,301,000 | 15,698,000 | 2,181,000 | 216,000 | -12,206,000 | 18,722,000 | 1,608,000 | -4,286,000 | -10,793,000 | 11,699,000 | 4,924,000 | -3,743,000 | -15,496,000 | 12,939,000 | 9,818,000 | -16,760,000 | -5,073,000 | 15,884,000 | 2,696,000 | -8,270,000 | 2,622,000 | 7,629,000 | -1,705,000 | -1,098,000 |
other liabilities | -841,000 | 1,321,000 | -1,755,000 | -770,000 | -752,000 | -4,817,000 | -88,000 | -1,300,000 | -1,580,000 | -1,527,000 | -1,605,000 | -1,808,000 | -6,397,000 | -528,000 | -2,275,000 | -874,000 | -2,091,000 | -1,499,000 | -1,831,000 | -1,080,000 | -1,197,000 | -1,863,000 | -1,142,000 | 296,000 | -1,242,000 | -618,000 | 1,274,000 | -919,000 | -3,148,000 | 950,000 | 335,000 | 1,116,000 | 138,000 | -1,108,000 | 265,000 | 598,000 | 260,000 | 281,000 | 101,000 | -28,000 | -165,000 | -152,000 | -583,000 | 447,000 | -58,000 | -886,000 | 116,000 | -199,000 | 71,000 |
net cash from operating activities | 4,105,000 | -9,009,000 | 4,813,000 | -4,840,000 | 24,526,000 | 18,128,000 | 39,532,000 | 14,227,000 | 53,318,000 | 77,484,000 | 32,807,000 | 62,747,000 | 73,160,000 | 74,020,000 | 37,961,000 | 63,720,000 | 80,035,000 | 65,101,000 | 63,622,000 | 70,928,000 | 73,573,000 | 67,787,000 | 46,450,000 | 59,238,000 | 62,967,000 | 26,828,000 | 38,729,000 | 29,905,000 | 17,941,000 | 30,446,000 | 21,152,000 | 16,962,000 | 6,553,000 | 21,701,000 | 13,291,000 | 15,321,000 | 835,000 | -5,788,000 | 37,849,000 | 12,110,000 | -19,233,000 | -18,196,000 | 31,173,000 | -19,750,000 | 6,691,000 | 473,000 | 45,404,000 | -6,544,000 | 29,142,000 |
capital expenditures | -1,042,000 | -6,472,000 | -5,756,000 | -7,230,000 | -8,665,000 | -13,294,000 | -15,842,000 | -17,800,000 | -28,017,000 | -25,754,000 | -23,434,000 | -16,698,000 | -17,166,000 | -23,850,000 | -21,956,000 | -27,753,000 | -29,533,000 | -27,054,000 | -20,531,000 | -27,611,000 | -18,984,000 | -23,860,000 | -14,346,000 | -23,146,000 | -19,965,000 | -10,806,000 | -8,029,000 | -9,431,000 | -14,060,000 | -13,175,000 | -7,961,000 | -5,204,000 | -4,883,000 | -6,212,000 | -7,423,000 | -7,737,000 | -4,770,000 | -6,855,000 | -3,617,000 | -9,417,000 | -4,800,000 | -2,369,000 | -1,738,000 | -2,660,000 | -1,486,000 | -1,276,000 | -1,311,000 | -1,211,000 | -1,285,000 |
free cash flows | 3,063,000 | -15,481,000 | -943,000 | -12,070,000 | 15,861,000 | 4,834,000 | 23,690,000 | -3,573,000 | 25,301,000 | 51,730,000 | 9,373,000 | 46,049,000 | 55,994,000 | 50,170,000 | 16,005,000 | 35,967,000 | 50,502,000 | 38,047,000 | 43,091,000 | 43,317,000 | 54,589,000 | 43,927,000 | 32,104,000 | 36,092,000 | 43,002,000 | 16,022,000 | 30,700,000 | 20,474,000 | 3,881,000 | 17,271,000 | 13,191,000 | 11,758,000 | 1,670,000 | 15,489,000 | 5,868,000 | 7,584,000 | -3,935,000 | -12,643,000 | 34,232,000 | 2,693,000 | -24,033,000 | -20,565,000 | 29,435,000 | -22,410,000 | 5,205,000 | -803,000 | 44,093,000 | -7,755,000 | 27,857,000 |
cash flows from investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -1,042,000 | -6,472,000 | -5,756,000 | -7,230,000 | -8,665,000 | -13,294,000 | -15,842,000 | -17,800,000 | -28,017,000 | -25,754,000 | -23,434,000 | -16,698,000 | -17,166,000 | -23,850,000 | -21,956,000 | -27,753,000 | -29,533,000 | -27,054,000 | -20,531,000 | -27,611,000 | -18,984,000 | -23,860,000 | -14,346,000 | -23,146,000 | -19,965,000 | -10,806,000 | -8,029,000 | -9,431,000 | -14,060,000 | -13,175,000 | -7,961,000 | -5,204,000 | -4,883,000 | -6,212,000 | -7,423,000 | -7,737,000 | -4,770,000 | -6,855,000 | -3,617,000 | -9,417,000 | -4,800,000 | -2,369,000 | -1,738,000 | -2,660,000 | -1,486,000 | -1,276,000 | -1,311,000 | -1,211,000 | -1,285,000 |
purchases of investments | 0 | 0 | 0 | -793,000 | -36,737,000 | -10,544,000 | -44,641,000 | -79,028,000 | -52,664,000 | -32,866,000 | -55,037,000 | -497,372,000 | -196,501,000 | -177,455,000 | -83,273,000 | -273,280,000 | -114,324,000 | -589,454,000 | -58,858,000 | -925,748,000 | -77,458,000 | -691,073,000 | -164,612,000 | -112,421,000 | -137,042,000 | -295,506,000 | |||||||||||||||||||||||
maturities of investments | 13,477,000 | 18,931,000 | 3,414,000 | 4,496,000 | 103,214,000 | 74,764,000 | 7,017,000 | 39,159,000 | 50,731,000 | 36,000,000 | 84,335,000 | 69,103,000 | 407,759,000 | 101,028,000 | 261,446,000 | 180,407,000 | 342,059,000 | 311,472,000 | 437,779,000 | 274,221,000 | 181,315,000 | 127,843,000 | 140,335,000 | 149,927,000 | 121,784,000 | 133,956,000 | 104,639,000 | ||||||||||||||||||||||
proceeds from sale of investments | 5,679,000 | 0 | 0 | 0 | 181,158,000 | 155,852,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | 18,114,000 | 12,459,000 | -2,342,000 | -2,734,000 | 274,914,000 | 94,810,000 | -19,369,000 | -23,282,000 | -40,814,000 | 113,434,000 | 25,786,000 | 236,232,000 | -106,779,000 | 342,666,000 | 56,044,000 | 69,253,000 | -363,072,000 | 376,769,000 | -167,753,000 | 190,168,000 | -764,952,000 | 18,156,000 | -572,460,000 | -131,220,000 | -47,262,000 | -93,041,000 | -145,635,000 | -477,922,000 | 13,173,000 | -26,915,000 | -23,415,000 | 4,236,000 | -25,329,000 | -105,341,000 | -7,549,000 | 1,985,000 | -6,364,000 | 3,498,000 | -3,136,000 | 39,000 | 3,806,000 | 14,630,000 | 2,587,000 | -12,752,000 | 2,557,000 | -23,073,000 | -3,633,000 | -63,201,000 | |
cash flows from financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||
payment of taxes related to the net share settlement of equity awards | -597,000 | -958,000 | -605,000 | -568,000 | -469,000 | -591,000 | -823,000 | -3,531,000 | -4,294,000 | -2,583,000 | -2,789,000 | -3,332,000 | -7,736,000 | -13,773,000 | -2,555,000 | -2,754,000 | -7,467,000 | -5,084,000 | -14,697,000 | -15,466,000 | -59,176,000 | -15,456,000 | -11,120,000 | -7,268,000 | -46,836,000 | -3,495,000 | -8,825,000 | -6,207,000 | -76,044,000 | -3,420,000 | -5,355,000 | -4,674,000 | -35,640,000 | ||||||||||||||||
repayment of convertible senior notes | -19,450,000 | -8,356,000 | 0 | 0 | -416,492,000 | 0 | -136,225,000 | 0 | -7,000 | -4,000 | -110,902,000 | -189,849,000 | -144,290,000 | ||||||||||||||||||||||||||||||||||||
net cash from financing activities | -20,047,000 | -10,737,000 | -604,000 | -177,000 | -416,961,000 | -102,685,000 | -822,000 | -1,341,000 | -4,294,000 | -149,964,000 | -138,987,000 | -404,917,000 | -158,902,000 | -11,854,000 | -426,836,000 | 1,348,000 | -307,461,000 | -301,577,000 | -22,045,000 | -77,256,000 | 867,600,000 | -133,818,000 | 768,510,000 | -1,896,000 | -44,169,000 | 3,882,000 | 1,690,000 | 89,455,000 | 508,482,000 | 2,233,000 | 75,000 | 284,528,000 | -30,418,000 | 7,858,000 | 148,191,000 | -11,980,000 | -9,855,000 | -732,000 | -813,000 | -799,000 | -6,331,000 | 478,000 | 51,000 | 2,222,000 | -28,000 | -99,000 | 72,000 | 1,520,000 | -3,365,000 |
effect of exchange rate changes | -418,000 | -96,000 | -651,000 | 273,000 | 218,000 | -876,000 | 156,000 | -79,000 | -226,000 | 400,000 | -576,000 | 10,000 | 187,000 | -491,000 | 0 | 0 | 4,628,000 | ||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 1,754,000 | -7,383,000 | -117,303,000 | 7,984,000 | 404,341,000 | -332,831,000 | 134,321,000 | -585,870,000 | 140,293,000 | -126,176,000 | 183,840,000 | 176,221,000 | -47,875,000 | 242,500,000 | -73,878,000 | -28,464,000 | -62,331,000 | -105,216,000 | -358,562,000 | 539,596,000 | -3,776,000 | -5,688,000 | |||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 33,411,000 | 0 | 0 | 0 | 164,359,000 | 0 | 0 | 0 | 137,976,000 | 0 | 0 | 0 | 475,854,000 | 0 | 0 | 0 | 855,893,000 | 0 | 0 | 0 | 481,715,000 | 0 | 0 | 0 | 389,432,000 | 0 | 0 | 0 | 375,945,000 | 0 | 0 | 0 | 126,963,000 | ||||||||||||||||
cash, cash equivalents and restricted cash, end of period | 35,165,000 | -7,383,000 | 1,216,000 | -7,478,000 | 47,056,000 | 9,377,000 | 19,497,000 | -10,475,000 | 145,960,000 | 41,354,000 | -80,970,000 | -105,928,000 | 283,520,000 | 404,341,000 | -332,831,000 | 134,321,000 | 270,023,000 | 140,293,000 | -126,176,000 | 183,840,000 | 657,936,000 | -47,875,000 | 242,500,000 | -73,878,000 | 360,968,000 | -62,331,000 | -105,216,000 | -358,562,000 | 915,541,000 | -3,776,000 | -5,688,000 | 278,075,000 | 107,334,000 | ||||||||||||||||
gain on early extinguishments of debt | |||||||||||||||||||||||||||||||||||||||||||||||||
loss contingency | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
impairment expense | 0 | 0 | 0 | 195,708,000 | |||||||||||||||||||||||||||||||||||||||||||||
realized loss on sale of investments | |||||||||||||||||||||||||||||||||||||||||||||||||
impairment of lease related assets | 4,311,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
impairment of equity investment | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposition of textbooks | 0 | 0 | 3,500,000 | 9,000 | -5,000 | 2,499,000 | 899,000 | 1,106,000 | 2,671,000 | 4,038,000 | 557,000 | 3,597,000 | 1,245,000 | 2,170,000 | |||||||||||||||||||||||||||||||||||
proceeds from sale of equity investments | |||||||||||||||||||||||||||||||||||||||||||||||||
purchases of equity investments | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from common stock issued under stock plans | 198,000 | 1,000 | 445,000 | 1,000 | 1,057,000 | 27,000 | 2,936,000 | 145,000 | 1,919,000 | 0 | 4,102,000 | 456,000 | 3,514,000 | 106,000 | 4,920,000 | 347,000 | 6,247,000 | ||||||||||||||||||||||||||||||||
proceeds from exercise of convertible senior notes capped call | 0 | 0 | 0 | 1,000 | 44,192,000 | 24,812,000 | 19,681,000 | ||||||||||||||||||||||||||||||||||||||||||
payment of withholding tax | |||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | 0 | 0 | 0 | -20,000,000 | 0 | 0 | 0 | 0 | 0 | -2,263,000 | |||||||||||||||||||||||||||||||||||||||
net loss | -17,471,000 | -35,663,000 | -17,484,000 | 24,306,000 | -65,179,000 | 26,043,000 | -5,713,000 | 8,219,000 | -11,477,000 | -2,029,000 | -4,318,000 | 5,347,000 | -13,709,000 | -3,909,000 | -2,617,000 | 3,659,000 | -11,516,000 | -6,025,000 | -6,401,000 | -1,489,000 | -16,063,000 | -9,008,000 | -15,685,000 | 3,630,000 | -24,167,000 | -10,131,000 | -28,542,000 | -25,759,000 | |||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
impairment of strategic equity investment | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of strategic equity investment | 0 | 0 | 15,500,000 | 236,000 | 6,845,000 | ||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -80,970,000 | -105,928,000 | -192,334,000 | -19,629,000 | |||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishments of debt | |||||||||||||||||||||||||||||||||||||||||||||||||
loss contingency accrual | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on textbook library | 575,000 | -657,000 | -196,000 | -1,175,000 | |||||||||||||||||||||||||||||||||||||||||||||
print textbook depreciation expense | 0 | 0 | 89,000 | 1,521,000 | 1,835,000 | 2,443,000 | 2,821,000 | 3,760,000 | 4,698,000 | 3,637,000 | 3,535,000 | 3,527,000 | |||||||||||||||||||||||||||||||||||||
gain on foreign currency remeasurement of purchase consideration | 0 | 0 | 0 | -4,628,000 | |||||||||||||||||||||||||||||||||||||||||||||
impairment on lease related assets | 3,368,000 | 0 | 1,814,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities, net of effect of acquisition of business: | |||||||||||||||||||||||||||||||||||||||||||||||||
purchases of textbooks | 0 | 0 | -123,000 | -3,692,000 | -265,000 | -5,648,000 | -491,000 | -4,527,000 | -8,926,000 | -10,973,000 | -1,838,000 | -36,830,000 | -91,000 | -244,000 | -109,000 | -442,000 | -71,000 | -951,000 | -2,133,000 | -29,142,000 | -13,345,000 | -46,688,000 | -9,818,000 | -42,963,000 | |||||||||||||||||||||||||
proceeds from sale of strategic equity investments | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of business, net of cash acquired | -7,891,000 | 0 | -700,000 | ||||||||||||||||||||||||||||||||||||||||||||||
purchases of strategic equity investments | |||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted ca | |||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 71,000 | 138,155,000 | 2,877,000 | 787,000 | 16,701,000 | 3,441,000 | -92,000 | 221,000 | 73,000 | -311,000 | -98,000 | 20,000 | -8,000 | 0 | 335,000 | 0 | |||||||||||||||||||||||||||||||||
operating lease expense | 1,506,000 | 1,574,000 | 1,567,000 | 1,526,000 | |||||||||||||||||||||||||||||||||||||||||||||
loss from write-off of property and equipment | 367,000 | 1,179,000 | 478,000 | 3,128,000 | 330,000 | 120,000 | 350,000 | 2,141,000 | 626,000 | 815,000 | 285,000 | 757,000 | 206,000 | 0 | |||||||||||||||||||||||||||||||||||
purchase of strategic equity investment | -2,249,000 | 0 | 0 | 0 | -2,000,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
other depreciation and amortization expense | 20,773,000 | 56,918,000 | 26,484,000 | 25,543,000 | 25,702,000 | 22,374,000 | 21,636,000 | 20,285,000 | 17,001,000 | 16,086,000 | 15,341,000 | 14,846,000 | 13,930,000 | 13,254,000 | 10,591,000 | 9,243,000 | 5,036,000 | 5,208,000 | 4,704,000 | 4,389,000 | 4,519,000 | 3,933,000 | 3,491,000 | 2,577,000 | 2,331,000 | 2,767,000 | 3,241,000 | 3,172,000 | 3,336,000 | 3,279,000 | 2,509,000 | 2,035,000 | |||||||||||||||||
impairment of intangible asset | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
loss on textbook library | 0 | -9,000 | -4,357,000 | -610,000 | 2,191,000 | 4,535,000 | 202,000 | 4,028,000 | |||||||||||||||||||||||||||||||||||||||||
gain on sale of strategic equity investments | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
loss on change in fair value of derivative instruments | 0 | 0 | 0 | 7,148,000 | |||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities, net of effect of acquisition of businesses: | |||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of businesses, net of cash acquired | 0 | 0 | 0 | -401,125,000 | 0 | 0 | 0 | -10,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||
proceeds from equity offering, net of offering costs | 0 | 0 | 0 | 1,091,466,000 | |||||||||||||||||||||||||||||||||||||||||||||
payment of escrow related to acquisition | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit related to release of valuation allowance | |||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common stock | 0 | -35,057,000 | -151,311,000 | -23,078,000 | 0 | -300,450,000 | |||||||||||||||||||||||||||||||||||||||||||
restructuring charges | |||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount and issuance costs | 1,413,000 | 1,412,000 | 1,471,000 | 1,626,000 | 21,663,000 | 17,018,000 | 12,946,000 | 12,946,000 | 13,088,000 | 13,089,000 | 13,020,000 | 4,005,000 | 3,536,000 | 3,537,000 | |||||||||||||||||||||||||||||||||||
repayment of convertible senior notes attributable to debt discount | -5,521,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
loss from impairment of strategic equity investment | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs | 0 | 0 | 0 | 97,586,000 | 682,594,000 | 0 | 17,000 | ||||||||||||||||||||||||||||||||||||||||||
purchase of convertible senior notes capped call | 0 | 0 | 0 | -12,150,000 | -85,050,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | 0 | 0 | 78,152,000 | ||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of strategic equity investment | 0 | -5,338,000 | |||||||||||||||||||||||||||||||||||||||||||||||
operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||
investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||
financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||
purchases of strategic equity investment | |||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued under stock plans | 5,372,000 | 2,667,000 | 7,377,000 | 10,515,000 | 10,226,000 | 6,982,000 | 5,653,000 | 5,413,000 | 12,828,000 | 5,222,000 | 10,094,000 | 3,800,000 | 7,002,000 | 2,763,000 | 990,000 | 4,000 | 1,108,000 | ||||||||||||||||||||||||||||||||
gain on liquidation of textbooks | 0 | 0 | 0 | -4,766,000 | -147,000 | 2,673,000 | -2,191,000 | -1,005,000 | -1,677,000 | -909,000 | 2,445,000 | -4,185,000 | 1,289,000 | -2,044,000 | -2,122,000 | -1,678,000 | |||||||||||||||||||||||||||||||||
loss from write-offs of textbooks | 0 | 0 | 0 | 314,000 | 194,000 | 423,000 | 249,000 | 224,000 | 763,000 | 923,000 | 1,067,000 | 2,544,000 | 4,402,000 | ||||||||||||||||||||||||||||||||||||
interest accretion on deferred consideration | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
other | |||||||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities net of effect of acquisition of businesses: | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from liquidations of textbooks | 0 | 0 | 0 | 6,943,000 | 1,773,000 | 9,079,000 | 8,674,000 | 6,120,000 | 4,030,000 | 11,537,000 | 10,714,000 | 11,979,000 | 17,944,000 | 21,438,000 | 7,461,000 | 11,276,000 | |||||||||||||||||||||||||||||||||
payment of deferred cash consideration related to acquisitions | 0 | -189,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from follow-on offering, net of offering costs | -23,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow data: | |||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the period for: | |||||||||||||||||||||||||||||||||||||||||||||||||
interest | 18,000 | 18,000 | 19,000 | 19,000 | 18,000 | 18,000 | 30,000 | 3,000 | 28,000 | 0 | 19,000 | 19,000 | 26,000 | 25,000 | 25,000 | 26,000 | 57,000 | 0 | 31,000 | ||||||||||||||||||||||||||||||
income taxes | 286,000 | 626,000 | 616,000 | 441,000 | 503,000 | 549,000 | 420,000 | 433,000 | 388,000 | 263,000 | 579,000 | -150,000 | 402,000 | 141,000 | 115,000 | 148,000 | 423,000 | 107,000 | 73,000 | 85,000 | 360,000 | ||||||||||||||||||||||||||||
cash paid for amounts included in the measurement of lease liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||
operating cash flows from operating leases | -3,451,000 | 1,126,000 | |||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
accrued purchases of long-lived assets | 43,000 | 5,127,000 | -2,344,000 | 2,133,000 | 3,204,000 | -139,000 | 2,568,000 | -878,000 | 2,022,000 | 816,000 | 324,000 | -1,117,000 | 2,310,000 | 772,000 | -2,806,000 | 1,046,000 | 2,759,000 | -1,604,000 | 1,208,000 | 2,867,000 | 2,661,000 | ||||||||||||||||||||||||||||
purchases of marketable securities | -21,572,000 | -33,580,000 | -46,642,000 | -54,123,000 | -12,511,000 | -15,830,000 | 0 | 0 | 0 | -7,633,000 | -15,635,000 | -2,848,000 | -10,884,000 | -6,243,000 | -6,834,000 | -8,990,000 | -12,053,000 | -42,829,000 | |||||||||||||||||||||||||||||||
maturities of marketable securities | 48,805,000 | 20,300,000 | 46,100,000 | 50,350,000 | 21,630,000 | 0 | 0 | 600,000 | 6,244,000 | 17,851,000 | 10,299,000 | 7,550,000 | 12,140,000 | 12,470,000 | 8,630,000 | ||||||||||||||||||||||||||||||||||
textbook library depreciation expense | 364,000 | 1,683,000 | 2,724,000 | 4,496,000 | 6,715,000 | 9,362,000 | 12,802,000 | 14,674,000 | 15,927,000 | 16,090,000 | 18,035,000 | 20,095,000 | |||||||||||||||||||||||||||||||||||||
amortization of warrants and deferred loan costs | 35,000 | 35,000 | 35,000 | 35,000 | 88,000 | 29,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of marketable securities | 0 | 1,894,000 | 0 | 0 | 22,280,000 | 550,000 | 0 | 3,650,000 | 3,848,000 | ||||||||||||||||||||||||||||||||||||||||
net cash from by investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents and restricted cash: | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | -5,906,000 | 278,099,000 | 106,827,000 | ||||||||||||||||||||||||||||||||||||||||||||||
restricted cash included in other assets | 218,000 | 60,000 | 423,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents and restricted cash | -5,688,000 | 278,075,000 | 107,334,000 | ||||||||||||||||||||||||||||||||||||||||||||||
acquisition of business | -188,000 | -500,000 | |||||||||||||||||||||||||||||||||||||||||||||||
restricted cash included in other current assets | 84,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
provision (release) for bad debts | |||||||||||||||||||||||||||||||||||||||||||||||||
realized loss on sale of securities | |||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 4,230,000 | -12,884,000 | -13,912,000 | -8,657,000 | -37,424,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 0 | 77,329,000 | 0 | 0 | 0 | 67,029,000 | 0 | 0 | 0 | 56,117,000 | 0 | 0 | 0 | 76,864,000 | |||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 4,230,000 | 56,141,000 | -4,208,000 | 70,294,000 | -12,884,000 | 40,534,000 | 8,175,000 | 41,504,000 | -13,912,000 | 45,854,000 | -14,941,000 | 50,028,000 | 2,931,000 | 22,403,000 | -8,657,000 | 39,440,000 | |||||||||||||||||||||||||||||||||
issuance of common stock related to prior acquisition | 0 | 0 | 0 | 825,000 | |||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities, net of acquisition of business: | |||||||||||||||||||||||||||||||||||||||||||||||||
payment of taxes related to the net share settlement of rsus | -3,052,000 | -2,232,000 | -12,618,000 | -1,722,000 | -817,000 | -1,909,000 | -6,331,000 | -630,000 | -608,000 | -3,081,000 | -4,391,000 | -206,000 | -186,000 | -134,000 | -3,454,000 | ||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -4,208,000 | -7,035,000 | 8,175,000 | -25,525,000 | -14,941,000 | -6,089,000 | |||||||||||||||||||||||||||||||||||||||||||
realized gain on sale of securities | -3,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
loss from disposal of property and equipment | 716,000 | 202,000 | |||||||||||||||||||||||||||||||||||||||||||||||
impairment of intangible assets | |||||||||||||||||||||||||||||||||||||||||||||||||
release of cash from escrow | |||||||||||||||||||||||||||||||||||||||||||||||||
accrued deferred cash consideration related to acquisition | 728,000 | 166,000 | |||||||||||||||||||||||||||||||||||||||||||||||
(release) provision for bad debts | |||||||||||||||||||||||||||||||||||||||||||||||||
revaluation of preferred stock warrants | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from debt obligations | |||||||||||||||||||||||||||||||||||||||||||||||||
payments of debt obligations | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from initial public offering, net of issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||||
conversion of preferred stock warrants to common stock warrants | |||||||||||||||||||||||||||||||||||||||||||||||||
conversion of preferred stock warrants into common stock | |||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock upon exercise of stock warrants | |||||||||||||||||||||||||||||||||||||||||||||||||
deemed dividend to preferred stockholders | |||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock warrants in connection with consulting services | |||||||||||||||||||||||||||||||||||||||||||||||||
common stock offering costs not yet paid | |||||||||||||||||||||||||||||||||||||||||||||||||
provision for bad debts | -45,000 | -224,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock under employee stock plans | 258,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of common stock under employee stock plans | 3,904,000 | 6,626,000 | |||||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities net of effect of acquisition of business: | |||||||||||||||||||||||||||||||||||||||||||||||||
benefit from bad debts | |||||||||||||||||||||||||||||||||||||||||||||||||
income from write-offs of textbooks | |||||||||||||||||||||||||||||||||||||||||||||||||
income from disposal of property and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||
impairment of intangibles | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of common stock under employee stock plans and preferred stock warrants | |||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock and vested stock options | |||||||||||||||||||||||||||||||||||||||||||||||||
issuance of preferred stock warrants | |||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock related to acquisition | 1,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
cancellation of common shares held in escrow from acquisitions | |||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation expense | 11,794,000 | 8,481,000 | 6,930,000 | ||||||||||||||||||||||||||||||||||||||||||||||
provision for (recovery of) bad debts | -41,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturities of marketable securities | 13,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 89,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
loss from liquidation of textbooks | |||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from liquidation of textbooks | |||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment and other assets | |||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of businesses, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options and preferred stock warrants | |||||||||||||||||||||||||||||||||||||||||||||||||
payment of taxes related to the net settlement of rsus | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | |||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow data | |||||||||||||||||||||||||||||||||||||||||||||||||
conversion of preferred stock into common stock | |||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock and stock options in connection with acquisitions |