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Revenue Recognition (Tables) | 9 Months Ended
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Sep. 30, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue from Contracts with Customers | The following table presents the Company’s revenues from contracts with customers disaggregated by material revenue category for the three and nine months ended September 30, 2024 and 2025 (in thousands):
| For the three months ended September 30, |  | For the nine months ended September 30,
| 2024 |  | 2025 |  | 2024 |  | 2025
U.S. Higher Education Segment |  |  |  |  |  |  |
Tuition, net of discounts, grants and scholarships | $ | 198,873 |  |  | $ | 203,315 |  |  | $ | 616,175 |  |  | $ | 621,775 |
Other(1) | 8,836 |  |  | 9,752 |  |  | 27,383 |  |  | 27,935 |
Total U.S. Higher Education Segment | 207,709 |  |  | 213,067 |  |  | 643,558 |  |  | 649,710 |
Australia/New Zealand Segment |  |  |  |  |  |  |
Tuition, net of discounts, grants and scholarships | 69,973 |  |  | 67,002 |  |  | 184,611 |  |  | 181,297 |
Other(1) | 1,975 |  |  | 1,587 |  |  | 5,842 |  |  | 4,696 |
Total Australia/New Zealand Segment | 71,948 |  |  | 68,589 |  |  | 190,453 |  |  | 185,993 |
Education Technology Services Segment(2) | 26,301 |  |  | 38,293 |  |  | 74,463 |  |  | 109,307 |
Consolidated revenue | $ | 305,958 |  |  | $ | 319,949 |  |  | $ | 908,474 |  |  | $ | 945,010 |
_________________________________________ (1)Other revenue is primarily comprised of academic fees, sales of course materials, placement fees and other non-tuition revenue streams. (2)Education Technology Services revenue is primarily derived from tuition revenue and administrative fees.
Schedule of Learn and Earn Liability | The table below presents activity in the contract liability related to the Learn and Earn Scholarship (in thousands):
| For the nine months ended September 30,
| 2024 |  | 2025
Balance at beginning of period | $ | 44,480 |  |  | $ | 37,118 |
Revenue deferred | 16,358 |  |  | 15,084 |
Benefit redeemed | (17,054) |  |  | (14,482) |
Balance at end of period | $ | 43,784 |  |  | $ | 37,720 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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