7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 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 
      
    		                   
      cash flows from operating activities:
    		                   
      net income
    		-8,600,000 -7,800,000 -7,800,000 -21,611,000 -13,689,000 -22,974,000 -21,256,000 -20,357,000 -32,090,000 -31,743,000 -32,364,000 -51,717,000 -36,038,000 -49,334,000 -38,268,000 -47,738,000 -32,451,000 -46,363,000 -18,663,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                   
      depreciation and amortization
    		7,300,000 7,400,000 7,100,000 6,350,000 6,107,000 6,269,000 6,356,000 5,768,000 5,660,000 5,331,000 5,511,000 4,996,000 4,886,000 4,439,000 4,182,000 4,249,000 4,137,000 3,440,000 2,931,000 
      stock-based compensation expense
    		23,000,000 23,800,000 24,200,000 24,944,000 25,267,000 30,016,000 27,857,000 27,667,000 27,853,000 29,308,000 24,742,000 34,932,000 26,370,000       
      impairment losses
    		600,000                   
      other
    		0 -100,000 -200,000 370,000 -458,000 241,000 635,000 803,000 491,000 106,000 96,000 18,000 577,000 -1,626,000 2,119,000 -705,000 152,000 7,000 98,000 
      changes in operating assets and liabilities:
    		                   
      accounts receivable
    		8,400,000 -7,300,000 -100,000 -12,109,000 10,589,000 274,000 8,456,000 -5,731,000 10,654,000 -5,101,000 -14,585,000 461,000 2,369,000 -3,431,000 -19,997,000 1,363,000 15,641,000 -16,182,000 5,041,000 
      prepaid expenses and other assets
    		0 5,400,000 800,000 5,274,000 876,000 -2,092,000 -1,586,000 5,000 -2,739,000 -8,873,000 -5,396,000 1,164,000 -5,932,000 -2,055,000 -11,467,000 -39,000 -1,534,000 -4,384,000 260,000 
      accounts payable and accrued expenses
    		5,600,000 7,700,000 -4,200,000 1,446,000 81,000 -3,254,000 -594,000 1,403,000 16,705,000 -3,577,000 19,440,000 -339,000 13,770,000 11,132,000 -6,670,000     
      accrued compensation and other liabilities
    		6,300,000 3,500,000 -12,400,000 6,058,000 2,830,000 8,204,000 -4,954,000 5,076,000 -4,262,000 4,735,000 -2,476,000 7,907,000 -3,347,000 664,000 -1,815,000     
      deferred revenue
    		-8,700,000 900,000 25,600,000 6,933,000 -4,088,000 7,892,000 10,469,000 -1,138,000 -586,000 7,653,000 15,384,000 -1,054,000 1,585,000 8,301,000 11,457,000 3,741,000 -6,535,000 12,515,000 8,124,000 
      net cash from operating activities
    		33,900,000 35,500,000 33,500,000 19,215,000 27,845,000 23,851,000 24,450,000 11,568,000 19,750,000 -6,371,000 4,692,000 -5,442,000 4,791,000 857,000 -38,257,000 805,000 10,741,000 -5,453,000 -4,347,000 
      capex
    		-5,200,000 -5,100,000 -4,100,000 -4,721,000 -5,105,000 -4,774,000 -4,204,000 -3,912,000 -4,164,000 -5,165,000 -3,160,000 -2,409,000 -3,485,000 -4,039,000 -3,944,000 -2,704,000 -3,603,000 -2,613,000 -4,292,000 
      free cash flows
    		28,700,000 30,400,000 29,400,000 14,494,000 22,740,000 19,077,000 20,246,000 7,656,000 15,586,000 -11,536,000 1,532,000 -7,851,000 1,306,000 -3,182,000 -42,201,000 -1,899,000 7,138,000 -8,066,000 -8,639,000 
      cash flows from investing activities:
    		                   
      proceeds from maturities of marketable securities
    		   0 0 0 66,000,000 150,000,000 145,000,000 160,000,000 75,000,000 210,000,000 150,000,000   15,000,000 36,000,000 71,481,000 82,500,000 
      purchases of content assets
    		-2,100,000 -1,800,000 -4,100,000 -7,113,000 -5,995,000 -2,034,000 -2,153,000 -1,967,000 -2,077,000 -676,000 -624,000 -82,000 -341,000 -337,000 -617,000 -419,000 -238,000 -361,000 -170,000 
      capitalized internal-use software costs
    		-5,000,000 -4,700,000 -3,600,000 -3,640,000 -4,911,000 -4,598,000 -4,070,000 -3,791,000 -3,859,000 -4,742,000 -2,862,000 -2,217,000 -2,816,000 -3,722,000 -3,544,000 -2,378,000 -3,114,000 -2,613,000 -3,985,000 
      purchases of property, equipment, and software
    		-200,000 -400,000 -500,000 -1,081,000 -194,000 -176,000 -134,000 -121,000 -305,000 -423,000 -298,000 -192,000 -669,000 -317,000 -400,000    -307,000 
      net cash from investing activities
    		-7,300,000 -6,900,000 -8,200,000 -11,834,000 -11,100,000 -6,808,000 59,643,000 144,121,000 137,058,000 154,159,000 -50,540,000 -98,622,000 39,087,000 10,624,000 -185,113,000 -229,881,000 32,159,000 68,075,000 78,038,000 
      cash flows from financing activities:
    		                   
      proceeds from exercise of stock options
    		4,800,000 2,600,000 1,200,000 2,525,000 1,344,000 1,411,000 4,097,000 6,414,000 6,787,000 8,760,000 5,354,000 2,945,000 2,854,000 4,840,000 6,947,000    8,564,000 
      proceeds from employee stock purchase plan
    		0   1,828,000 0   2,501,000 0   2,233,000 0       
      payments for repurchases of common stock
    		   0 0 -31,071,000 -5,634,000 0 -5,387,000           
      payments for tax withholding on vesting of restricted stock units
    		-8,700,000 -6,900,000 -6,200,000 -5,001,000 -6,946,000 -7,799,000 -13,514,000  -13,827,000           
      net cash from financing activities
    		-3,900,000 -1,500,000 -5,000,000 -648,000 -5,602,000 -33,643,000 -15,051,000 -6,525,000 -12,427,000 -52,595,000 -7,682,000 85,000 913,000 7,209,000 4,027,000 8,173,000 8,525,000 528,955,000 4,503,000 
      net increase in cash, cash equivalents, and restricted cash
    		22,700,000 27,100,000 20,300,000 6,733,000 11,143,000 -16,600,000 69,042,000 149,164,000 144,381,000   -103,979,000 44,791,000 18,690,000 -219,343,000 -220,903,000 51,425,000 591,577,000 78,194,000 
      cash, cash equivalents, and restricted cash—beginning of period
    		0 0 728,400,000 0 0 0 658,086,000 0 0 0 322,878,000 0 0 0 582,719,000 0 0 0 82,426,000 
      cash, cash equivalents, and restricted cash—end of period
    		22,700,000 27,100,000 748,700,000 6,733,000 11,143,000 -16,600,000 727,128,000 149,164,000 144,381,000 95,193,000 269,348,000 -103,979,000 44,791,000 18,690,000 363,376,000 -220,903,000 51,425,000 591,577,000 160,620,000 
      supplemental disclosure of cash flow information:
    		                   
      cash paid for income taxes, net of refunds
    		1,800,000 1,700,000 200,000 1,833,000 1,456,000 934,000 1,088,000  1,525,000           
      supplemental disclosure of noncash investing and financing activities:
    		                   
      stock-based compensation capitalized as internal-use software costs
    		2,000,000 2,000,000 1,700,000 1,453,000 2,132,000 2,256,000 1,834,000 1,731,000 1,719,000 2,294,000 1,311,000 921,000 1,256,000 1,981,000 1,249,000 1,077,000 1,452,000 1,835,000 526,000 
      right-of-use asset obtained in exchange for operating lease liability
    		   0                
      content assets, unpaid or acquired through non-cash consideration
    		-200,000                   
      impairment of long-lived assets
    		  300,000     218,000 1,569,000 740,000 535,000 0 1,029,000       
      operating lease right-of-use assets
    		  200,000 814,000 1,249,000 1,214,000 1,533,000 1,237,000 1,224,000 1,210,000 1,197,000 1,184,000 1,148,000 1,236,000 1,271,000 1,249,000 1,336,000 1,371,000 1,345,000 
      operating lease liabilities
    		   -663,000 -1,736,000 -1,939,000 -2,231,000 -1,873,000 -1,841,000 -1,763,000 -2,376,000 -1,053,000 -1,652,000 -1,579,000 -1,557,000 -1,535,000 -1,610,000 -1,609,000 -1,582,000 
      unpaid purchases of content assets
    		  900,000 -1,353,000 1,032,000 1,476,000 1,077,000  168,000       10,000    
      accretion of marketable securities
    		   0 0 0 -235,000             
      purchases of marketable securities
    		       0 0 0 -121,756,000 -306,131,000 -107,087,000 0 -180,552,000     
      purchase of minority interest
    		                   
      payment of deferred offering costs
    		           0 0 0 -295,000 0 -9,000 -2,049,000 -4,061,000 
      unsettled repurchases of common stock
    		      405,000             
      amortization of marketable securities
    		                   
      proceeds from initial public offering, net of offering costs
    		               0    
      payment of tax withholding on vesting of restricted stock units
    		          -13,036,000 -5,093,000 -1,941,000 -2,227,000 -2,625,000 -3,180,000    
      cash paid for income taxes
    		          1,108,000 1,442,000 1,147,000 667,000 808,000 1,381,000 582,000 344,000 530,000 
      unpaid deferred offering costs
    		               -35,000 -9,000 -1,843,000 2,182,000 
      (amortization) accretion of marketable securities
    		        -2,888,000           
      purchase of investment in private company
    		                   
      reconciliation of cash, cash equivalents, and restricted cash:
    		                   
      cash and cash equivalents
    		        145,956,000 93,427,000 267,774,000 -103,979,000 44,791,000 18,690,000 361,315,000 -220,416,000 51,425,000 591,577,000 158,072,000 
      restricted cash, non-current
    		        -1,000 192,000 1,574,000         
      total cash, cash equivalents, and restricted cash
    		        144,381,000 95,193,000 269,348,000 -103,979,000 44,791,000 18,690,000 363,376,000 -220,903,000 51,425,000   
      restricted cash, current
    		                   
      amortization or accretion of marketable securities
    		          -5,016,000 -1,941,000 26,000 510,000 510,000 128,000 54,000 142,000 177,000 
      net decrease in cash, cash equivalents, and restricted cash
    		          -53,530,000         
      proceeds from issuance of redeemable convertible preferred stock, net of issuance costs
    		                   
      proceeds from exercise of unvested options, net of repurchases
    		                   
      payment of holdback consideration related to asset acquisition
    		                   
      cash paid for interest
    		                   
      issuance of common stock in connection with content asset
    		                   
      restricted cash
    		            0 0 2,061,000 -487,000 0 0 2,548,000 
      stock-based compensation
    		              21,978,000 23,316,000 23,408,000 39,175,000 5,284,000 
      asset acquisition
    		                   
      purchases of property, equipment and software
    		               -326,000 -489,000   
      proceeds from exercise of stock options and warrants
    		               4,956,000 12,526,000   
      repayment of debt associated with asset acquisition
    		                   
      restricted cash in prepaid expenses and other current assets
    		                   
      supplemental disclosures of cash flow information:
    		                   
      supplemental disclosures of noncash investing and financing activities:
    		                   
      vesting of early exercised stock options
    		               14,000 21,000 21,000 21,000 
      issuance of common stock in connection with settlement liability
    		                   
      issuance of common stock in connection with asset acquisition
    		                   
      unpaid proceeds from exercise of stock options
    		                   
      educator partners and other accounts payable
    		                5,216,000 -2,242,000 -3,032,000 
      accrued and other liabilities
    		                2,927,000 8,677,000 -4,330,000 
      accrued tax withholding on vesting of restricted stock units
    		                   
      proceeds from initial public offering, net of underwriting discounts and commissions
    		                   
    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.