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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 507,157 $ 320,817
Marketable securities 213,996 459,654
Accounts receivable, net of allowance for credit losses of $196 and $495 as of September 30, 2023 and December 31, 2022 62,104 53,734
Deferred costs, net 26,428 24,147
Prepaid expenses and other current assets 19,450 17,636
Total current assets 829,135 875,988
Property, equipment, and software, net 29,699 27,096
Operating lease right-of-use assets 5,975 9,605
Intangible assets, net 10,690 8,553
Other assets 38,846 26,355
Total assets 914,345 947,597
Current liabilities:    
Educator partners payable 98,063 66,375
Other accounts payable and accrued expenses 25,108 23,342
Accrued compensation and benefits 18,912 21,163
Operating lease liabilities, current 7,376 8,658
Deferred revenue, current 138,687 115,701
Other current liabilities 7,497 7,202
Total current liabilities 295,643 242,441
Operating lease liabilities, non-current 1,093 5,791
Deferred revenue, non-current 2,540 3,076
Other liabilities 1,668 1,714
Total liabilities 300,944 253,022
Commitments and contingencies (Note 9)
Stockholders’ equity:    
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 0 0
Common stock, $0.00001 par value—300,000,000 shares authorized as of September 30, 2023 and December 31, 2022; 159,836,721 shares issued and 152,258,980 shares outstanding as of September 30, 2023, and 150,683,607 shares issued and 147,935,669 shares outstanding as of December 31, 2022 2 1
Additional paid-in capital 1,437,092 1,364,116
Treasury stock—at cost, 7,577,741 and 2,747,938 shares as of September 30, 2023 and December 31, 2022 (63,154) (4,701)
Accumulated other comprehensive loss (219) (718)
Accumulated deficit (760,320) (664,123)
Total stockholders’ equity 613,401 694,575
Total liabilities and stockholders’ equity $ 914,345 $ 947,597