Quarterly
Annual
| Unit: USD | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||
current assets: | |||||||||||||||||||
cash and cash equivalents | 797,700,000 | 775,100,000 | 748,000,000 | 726,125,000 | 719,439,000 | 708,761,000 | 725,363,000 | 656,321,000 | 507,157,000 | 361,201,000 | 267,774,000 | 320,817,000 | 424,796,000 | 380,005,000 | 361,315,000 | 580,658,000 | 801,074,000 | 749,649,000 | 158,072,000 |
accounts receivable | 58,700,000 | 67,200,000 | 59,900,000 | 59,685,000 | 47,572,000 | 57,734,000 | 58,254,000 | 67,418,000 | 62,104,000 | 73,209,000 | 68,199,000 | 53,734,000 | 54,567,000 | 57,418,000 | 54,185,000 | 34,396,000 | 35,964,000 | 51,757,000 | 35,582,000 |
deferred costs | 20,300,000 | 20,200,000 | 24,200,000 | 24,667,000 | 24,594,000 | 25,679,000 | 25,201,000 | 26,387,000 | 26,428,000 | 24,734,000 | 23,976,000 | 24,147,000 | 25,610,000 | 22,496,000 | 20,031,000 | 19,666,000 | 19,166,000 | 17,881,000 | 16,149,000 |
prepaid expenses and other current assets | 20,600,000 | 19,400,000 | 21,900,000 | 20,177,000 | 29,592,000 | 28,515,000 | 24,429,000 | 16,614,000 | 19,450,000 | 22,154,000 | 17,340,000 | 17,636,000 | 22,291,000 | 20,494,000 | 23,269,000 | 16,494,000 | 17,455,000 | 17,983,000 | 18,666,000 |
total current assets | 897,300,000 | 881,900,000 | 854,000,000 | 830,654,000 | 821,197,000 | 820,689,000 | 833,247,000 | 832,486,000 | 829,135,000 | 837,008,000 | 888,973,000 | 875,988,000 | 888,289,000 | 883,553,000 | 877,904,000 | 892,331,000 | 888,689,000 | 888,358,000 | 351,198,000 |
property, equipment, and software | 41,800,000 | 40,000,000 | 37,900,000 | 36,899,000 | 36,149,000 | 33,068,000 | 31,109,000 | 30,408,000 | 29,699,000 | 28,840,000 | 26,809,000 | 27,096,000 | 28,118,000 | 27,862,000 | 26,403,000 | ||||
intangible assets | 25,600,000 | 26,400,000 | 24,900,000 | 24,521,000 | 20,538,000 | 14,953,000 | 12,610,000 | 11,720,000 | 10,690,000 | 9,179,000 | 8,470,000 | 8,553,000 | 8,985,000 | 9,165,000 | 9,703,000 | 10,091,000 | 10,299,000 | 10,336,000 | 10,313,000 |
other assets | 30,600,000 | 31,600,000 | 31,600,000 | 35,233,000 | 32,474,000 | 33,662,000 | 36,131,000 | 41,180,000 | 38,846,000 | 36,484,000 | 31,394,000 | 26,355,000 | 18,014,000 | 18,239,000 | 15,743,000 | 13,381,000 | 11,223,000 | 10,383,000 | 9,407,000 |
total assets | 995,300,000 | 979,900,000 | 951,200,000 | 930,274,000 | 914,139,000 | 904,364,000 | 916,303,000 | 920,533,000 | 914,345,000 | 918,710,000 | 964,055,000 | 947,597,000 | 956,256,000 | 952,390,000 | 946,864,000 | 958,910,000 | 954,849,000 | 953,580,000 | 414,822,000 |
liabilities and stockholders’ equity | |||||||||||||||||||
current liabilities: | |||||||||||||||||||
content liabilities | 103,800,000 | 102,000,000 | |||||||||||||||||
other accounts payable | 26,300,000 | 22,700,000 | 17,400,000 | 21,375,000 | 25,742,000 | 20,992,000 | 20,401,000 | 23,456,000 | 25,108,000 | 17,582,000 | 15,969,000 | 23,342,000 | 27,702,000 | 20,876,000 | 11,263,000 | 23,257,000 | 11,749,000 | 9,260,000 | 9,813,000 |
accrued compensation and benefits | 32,000,000 | 22,200,000 | 17,800,000 | 31,627,000 | 22,320,000 | 22,638,000 | 18,320,000 | 22,281,000 | 18,912,000 | 23,020,000 | 17,238,000 | 21,163,000 | 13,563,000 | 16,519,000 | 16,036,000 | 18,353,000 | 18,641,000 | 15,469,000 | 8,354,000 |
deferred revenue, current | 177,400,000 | 186,000,000 | 184,700,000 | 159,741,000 | 152,882,000 | 156,692,000 | 148,382,000 | 137,229,000 | 138,687,000 | 138,601,000 | 130,902,000 | 115,701,000 | 116,592,000 | 115,581,000 | 106,836,000 | 94,637,000 | 91,369,000 | 95,917,000 | 85,254,000 |
other current liabilities | 10,000,000 | 13,300,000 | 14,100,000 | 12,818,000 | 15,318,000 | 12,237,000 | 7,861,000 | 7,696,000 | 7,497,000 | 9,093,000 | 8,636,000 | 7,202,000 | 7,608,000 | 7,968,000 | 7,745,000 | 7,639,000 | 7,397,000 | 6,861,000 | 5,052,000 |
total current liabilities | 349,500,000 | 346,200,000 | 334,500,000 | 327,473,000 | 314,808,000 | 315,904,000 | 302,587,000 | 298,260,000 | 295,643,000 | 284,675,000 | 273,843,000 | 242,441,000 | 235,732,000 | 224,310,000 | 203,837,000 | 201,123,000 | 181,448,000 | 177,143,000 | 157,806,000 |
deferred revenue, non-current | 1,600,000 | 1,800,000 | 2,200,000 | 1,555,000 | 1,480,000 | 1,759,000 | 2,177,000 | 2,861,000 | 2,540,000 | 3,212,000 | 3,259,000 | 3,076,000 | 3,239,000 | 2,665,000 | 3,109,000 | 3,851,000 | 3,378,000 | 5,364,000 | 3,513,000 |
other liabilities | 4,700,000 | 4,900,000 | 900,000 | 805,000 | 1,597,000 | 1,527,000 | 2,425,000 | 3,179,000 | 1,668,000 | 1,692,000 | 1,730,000 | 1,714,000 | 887,000 | 913,000 | 955,000 | 559,000 | 573,000 | 593,000 | 623,000 |
total liabilities | 355,800,000 | 352,900,000 | 340,700,000 | 332,854,000 | 320,857,000 | 319,190,000 | 307,189,000 | 304,339,000 | 300,944,000 | 292,229,000 | 283,040,000 | 253,022,000 | 247,275,000 | 236,603,000 | 218,179,000 | 217,397,000 | 198,871,000 | 198,171,000 | 178,618,000 |
commitments and contingencies | |||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||
preferred stock, 0.00001 par value—10.0 shares authorized and no shares issued and outstanding as of september 30, 2025 and december 31, 2024 | |||||||||||||||||||
common stock | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | ||||
additional paid-in capital | 1,523,900,000 | 1,519,800,000 | 1,516,300,000 | 1,506,654,000 | 1,496,786,000 | 1,489,751,000 | 1,480,238,000 | 1,459,964,000 | 1,437,092,000 | 1,414,559,000 | 1,382,487,000 | 1,364,116,000 | 1,327,566,000 | 1,299,173,000 | 1,262,283,000 | 1,235,231,000 | 1,201,705,000 | 1,168,681,000 | 140,803,000 |
treasury stock | -17,000,000 | -37,800,000 | -49,029,000 | -64,910,000 | -79,672,000 | -69,193,000 | -63,154,000 | -63,154,000 | -59,230,000 | -4,701,000 | -4,701,000 | -4,701,000 | -4,701,000 | -4,701,000 | -4,701,000 | -4,701,000 | -4,701,000 | -4,701,000 | |
accumulated deficit | -884,400,000 | -875,800,000 | -868,000,000 | -860,207,000 | -838,596,000 | -824,907,000 | -801,933,000 | -780,677,000 | -760,320,000 | -728,230,000 | -696,487,000 | -664,123,000 | -612,406,000 | -576,368,000 | -527,034,000 | -488,766,000 | -441,028,000 | -408,577,000 | -362,214,000 |
total stockholders’ equity | 639,500,000 | 627,000,000 | 610,500,000 | 597,420,000 | 593,282,000 | 585,174,000 | 609,114,000 | 616,194,000 | 613,401,000 | 626,481,000 | 681,015,000 | 694,575,000 | 708,981,000 | 715,787,000 | 728,685,000 | 741,513,000 | 755,978,000 | 755,409,000 | |
total liabilities and stockholders’ equity | 995,300,000 | 979,900,000 | 951,200,000 | 930,274,000 | 914,139,000 | 904,364,000 | 916,303,000 | 920,533,000 | 914,345,000 | 918,710,000 | 964,055,000 | 947,597,000 | 956,256,000 | 952,390,000 | 946,864,000 | ||||
preferred stock, 0.00001 par value—10.0 shares authorized and no shares issued and outstanding as of june 30, 2025 and december 31, 2024 | |||||||||||||||||||
operating lease right-of-use assets | 2,800,000 | 2,967,000 | 3,781,000 | 1,992,000 | 3,206,000 | 4,739,000 | 5,975,000 | 7,199,000 | 8,409,000 | 9,605,000 | 10,789,000 | 11,510,000 | 15,050,000 | 16,321,000 | 17,569,000 | 18,906,000 | 20,276,000 | ||
educator partners payable | 100,500,000 | 101,869,000 | 97,791,000 | 100,919,000 | 103,258,000 | 101,041,000 | 98,063,000 | 88,719,000 | 93,233,000 | 66,375,000 | 62,182,000 | 55,323,000 | 53,897,000 | 49,206,000 | 44,333,000 | 41,666,000 | 41,360,000 | ||
operating lease liabilities, non-current | 3,100,000 | 3,021,000 | 2,972,000 | 39,000 | 1,093,000 | 2,650,000 | 4,208,000 | 5,791,000 | 7,417,000 | 8,715,000 | 10,278,000 | 11,864,000 | 13,472,000 | 15,071,000 | 16,676,000 | ||||
preferred stock, 0.00001 par value—10.0 shares authorized and no shares issued and outstanding as of march 31, 2025 and december 31, 2024 | |||||||||||||||||||
marketable securities | 65,746,000 | 213,996,000 | 355,710,000 | 511,684,000 | 459,654,000 | 361,025,000 | 403,140,000 | 419,104,000 | 241,117,000 | 15,030,000 | 51,088,000 | 122,729,000 | |||||||
operating lease liabilities, current | 43,000 | 755,000 | 2,426,000 | 4,365,000 | 6,557,000 | 7,376,000 | 7,660,000 | 7,865,000 | 8,658,000 | 8,085,000 | 8,043,000 | 8,060,000 | 8,031,000 | 7,959,000 | 7,970,000 | 7,973,000 | |||
preferred stock, 0.00001 par value—10,000,000 shares authorized as of december 31, 2024 and december 31, 2023; no shares issued and outstanding as of december 31, 2024 and december 31, 2023 | |||||||||||||||||||
accumulated other comprehensive income | 59,000 | -252,000 | 1,000 | 5,000 | 23,000 | ||||||||||||||
preferred stock, 0.00001 par value—10,000,000 shares authorized and no shares issued and outstanding as of september 30, 2024 and december 31, 2023 | |||||||||||||||||||
preferred stock, 0.00001 par value—10,000,000 shares authorized and no shares issued and outstanding as of june 30, 2024 and december 31, 2023 | |||||||||||||||||||
preferred stock, 0.00001 par value—10,000,000 shares authorized and no shares issued and outstanding as of march 31, 2024 and december 31, 2023 | |||||||||||||||||||
preferred stock, 0.00001 par value—10,000,000 shares authorized as of december 31, 2023 and december 31, 2022; no shares issued and outstanding as of december 31, 2023 and december 31, 2022 | |||||||||||||||||||
preferred stock, 0.00001 par value—10,000,000 shares authorized and no shares issued and outstanding as of september 30, 2023 and december 31, 2022 | |||||||||||||||||||
accumulated other comprehensive loss | -219,000 | -620,000 | -285,000 | -718,000 | -1,479,000 | -2,318,000 | -1,864,000 | ||||||||||||
preferred stock, 0.00001 par value—10,000,000 shares authorized and no shares issued and outstanding as of june 30, 2023 and december 31, 2022 | |||||||||||||||||||
preferred stock, 0.00001 par value—10,000,000 shares authorized and no shares issued and outstanding as of march 31, 2023 and december 31, 2022 | |||||||||||||||||||
preferred stock, 0.00001 par value—10,000,000 shares authorized as of december 31, 2022 and december 31, 2021; no shares issued and outstanding as of december 31, 2022 and december 31, 2021 | |||||||||||||||||||
restricted cash | 2,061,000 | 2,061,000 | 2,061,000 | 2,061,000 | 2,548,000 | 2,548,000 | 2,548,000 | ||||||||||||
preferred stock, 0.00001 par value—10,000,000 shares authorized as of september 30, 2022 and december 31, 2021; no shares issued and outstanding as of september 30, 2022 and december 31, 2021 | |||||||||||||||||||
preferred stock, 0.00001 par value—10,000,000 shares authorized as of june 30, 2022 and december 31, 2021; no shares issued and outstanding as of june 30, 2022 and december 31, 2021 | |||||||||||||||||||
preferred stock, 0.00001 par value—10,000,000 shares authorized as of march 31, 2022 and december 31, 2021; no shares issued and outstanding as of march 31, 2022 and december 31, 2021 | |||||||||||||||||||
property, equipment and software | 24,725,000 | 24,521,000 | 23,049,000 | 21,080,000 | |||||||||||||||
liabilities, redeemable convertible preferred stock, and stockholders’ equity | |||||||||||||||||||
redeemable convertible preferred stock | |||||||||||||||||||
0.00001 par value— 76,420,805 and zero shares authorized as of december 31, 2020 and 2021, respectively; 75,305,400 and zero shares issued and outstanding as of december 31, 2020 and 2021, respectively; and aggregate liquidation preference, 464,036 and zero as of december 31, 2020 and 2021, respectively | |||||||||||||||||||
stockholders’ equity | |||||||||||||||||||
preferred stock, 0.00001 par value— zero and 10,000,000 shares authorized as of december 31, 2020 and 2021, respectively; zero shares issued and outstanding as of december 31, 2020 and 2021 | |||||||||||||||||||
total liabilities, redeemable convertible preferred stock, and stockholders’ equity | 958,910,000 | 954,849,000 | 953,580,000 | ||||||||||||||||
0.00001 par value— 76,420,805 and zero shares authorized as of december 31, 2020 and september 30, 2021, respectively; 75,305,400 and zero shares issued and outstanding as of december 31, 2020 and september 30, 2021, respectively; and aggregate liquidation preference, 464,036 and zero as of december 31, 2020 and september 30, 2021, respectively | |||||||||||||||||||
preferred stock, 0.00001 par value— zero and 10,000,000 shares authorized as of december 31, 2020 and september 30, 2021, respectively; zero shares issued and outstanding as of december 31, 2020 and september 30, 2021 | |||||||||||||||||||
0.00001 par value— 76,420,805 and zero shares authorized as of december 31, 2020 and june 30, 2021, respectively; 75,305,400 and zero shares issued and outstanding as of december 31, 2020 and june 30, 2021, respectively; and aggregate liquidation preference, 464,036 and zero as of december 31, 2020 and june 30, 2021, respectively | |||||||||||||||||||
preferred stock, 0.00001 par value— zero and 10,000,000 shares authorized as of december 31, 2020 and june 30, 2021, respectively; zero shares issued and outstanding as of december 31, 2020 and june 30, 2021 | |||||||||||||||||||
liabilities, redeemable convertible preferred stock, and stockholders’ deficit | |||||||||||||||||||
0.00001 par value— 76,420,805 shares authorized as of december 31, 2020 and march 31, 2021; 75,305,400 shares issued and outstanding as of december 31, 2020 and march 31, 2021; and aggregate liquidation preference, 464,036 as of december 31, 2020 and march 31, 2021 | 462,293,000 | ||||||||||||||||||
stockholders’ deficit: | |||||||||||||||||||
total stockholders’ deficit | -226,089,000 | ||||||||||||||||||
total liabilities, redeemable convertible preferred stock, stockholders’ deficit | 414,822,000 |
The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.