v3.26.1
REVENUE RECOGNITION
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
Disaggregation of Revenue
The following table presents revenue disaggregated by product offering for each segment:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Enterprise:
Subscription$139.4 $64.1 $205.4 $125.6 
Other0.6 0.2 0.8 0.4 
Enterprise revenue$140.0 $64.3 $206.2 $126.0 
Consumer:
Subscription121.7 102.3 232.1 200.0 
Transactional and other23.5 4.8 27.6 9.2 
Degrees13.4 15.7 28.4 31.2 
Consumer revenue$158.6 $122.8 $288.1 $240.4 
Total revenue$298.6 $187.1 $494.3 $366.4 
Deferred Revenue
Revenue recognized during the three months ended June 30, 2026 and 2025, which was included in the corresponding deferred revenue balance at the beginning of each year, was $49.2 million and $41.4 million.
Revenue recognized during the six months ended June 30, 2026 and 2025, which was included in the corresponding deferred revenue balance at the beginning of each year, was $140.0 million and $123.5 million.
Remaining Performance Obligations
Remaining performance obligations represent contracted revenue that has not yet been recognized, which includes deferred revenue in the Condensed Consolidated Balance Sheets and unbilled amounts that will be recognized as revenue in future periods. As of June 30, 2026, we had remaining performance obligations of $919.8 million and expect to recognize approximately 72% as revenue over the next 12 months and the remainder thereafter.
Deferred Commissions
The following table presents the amounts of deferred commissions, as well as amortization expense recorded within sales and marketing in the Condensed Consolidated Statements of Operations:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Capitalization$13.7 $2.2 $16.8 $3.9 
Amortization$4.2 $3.9 $8.0 $7.8 
Deferred commissions and related payroll tax expenditures, which are included in deferred costs and other assets, were as follows:
June 30, 2026December 31, 2025
Deferred costs, net$19.4 $12.8 
Other assets$14.1 $11.9