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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 656,321 $ 320,817
Marketable securities 65,746 459,654
Accounts receivable, net of allowance for credit losses of $133 and $495 as of December 31, 2023 and December 31, 2022 67,418 53,734
Deferred costs, net 26,387 24,147
Prepaid expenses and other current assets 16,614 17,636
Total current assets 832,486 875,988
Property, equipment, and software, net 30,408 27,096
Operating lease right-of-use assets 4,739 9,605
Intangible assets, net 11,720 8,553
Other assets 41,180 26,355
Total assets 920,533 947,597
Current liabilities:    
Educator partners payable 101,041 66,375
Other accounts payable and accrued expenses 23,456 23,342
Accrued compensation and benefits 22,281 21,163
Operating lease liabilities, current 6,557 8,658
Deferred revenue, current 137,229 115,701
Other current liabilities 7,696 7,202
Total current liabilities 298,260 242,441
Operating lease liabilities, non-current 39 5,791
Deferred revenue, non-current 2,861 3,076
Other liabilities 3,179 1,714
Total liabilities 304,339 253,022
Commitments and contingencies (Note 9)
Stockholders’ equity:    
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 0 0
Common stock, $0.00001 par value—300,000,000 shares authorized as of December 31, 2023 and December 31, 2022; 162,898,279 shares issued and 155,320,538 shares outstanding as of December 31, 2023, and 150,683,607 shares issued and 147,935,669 shares outstanding as of December 31, 2022 2 1
Additional paid-in capital 1,459,964 1,364,116
Treasury stock, at cost—7,577,741 and 2,747,938 shares as of December 31, 2023 and December 31, 2022 (63,154) (4,701)
Accumulated other comprehensive income (loss) 59 (718)
Accumulated deficit (780,677) (664,123)
Total stockholders’ equity 616,194 694,575
Total liabilities and stockholders’ equity $ 920,533 $ 947,597