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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 719,439 $ 656,321
Marketable securities 0 65,746
Accounts receivable, net of allowance for credit losses of $109 and $133 as of September 30, 2024 and December 31, 2023 47,572 67,418
Deferred costs, net 24,594 26,387
Prepaid expenses and other current assets 29,592 16,614
Total current assets 821,197 832,486
Property, equipment, and software, net 36,149 30,408
Operating lease right-of-use assets 3,781 4,739
Intangible assets, net 20,538 11,720
Other assets 32,474 41,180
Total assets 914,139 920,533
Current liabilities:    
Educator partners payable 97,791 101,041
Other accounts payable and accrued expenses 25,742 23,456
Accrued compensation and benefits 22,320 22,281
Operating lease liabilities, current 755 6,557
Deferred revenue, current 152,882 137,229
Other current liabilities 15,318 7,696
Total current liabilities 314,808 298,260
Operating lease liabilities, non-current 2,972 39
Deferred revenue, non-current 1,480 2,861
Other liabilities 1,597 3,179
Total liabilities 320,857 304,339
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, 2024 and December 31, 2023 0 0
Common stock, $0.00001 par value—300,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 165,312,016 shares issued and 158,371,436 shares outstanding as of September 30, 2024, and 162,898,279 shares issued and 155,320,538 shares outstanding as of December 31, 2023 2 2
Additional paid-in capital 1,496,786 1,459,964
Treasury stock, at cost— 6,940,580 and 7,577,741 shares as of September 30, 2024 and December 31, 2023 (64,910) (63,154)
Accumulated other comprehensive income 0 59
Accumulated deficit (838,596) (780,677)
Total stockholders’ equity 593,282 616,194
Total liabilities and stockholders’ equity $ 914,139 $ 920,533