v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (100.9) $ (15.6)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 30.0 14.5
Stock-based compensation expense 59.9 48.0
Other 1.2 2.2
Changes in operating assets and liabilities:    
Accounts receivable, net 3.9 (7.4)
Prepaid expenses and other assets (8.6) 6.2
Accounts payable and accrued expenses 1.7 3.5
Accrued compensation and other liabilities 3.0 (8.9)
Deferred revenue 4.6 26.5
Net cash (used in) provided by operating activities (5.2) 69.0
Cash flows from investing activities:    
Cash acquired from the Udemy merger 213.6 0.0
Purchases of marketable securities (28.2) 0.0
Proceeds from maturities of marketable securities 27.5 0.0
Purchases of content assets (10.9) (5.9)
Capitalized internal-use software costs (13.0) (8.3)
Purchases of property, equipment, and software (0.5) (0.9)
Net cash provided by (used in) investing activities 188.5 (15.1)
Cash flows from financing activities:    
Proceeds from exercise of stock options 0.5 3.8
Proceeds from employee stock purchase plan 2.7 2.8
Payments for repurchases of common stock (87.3) 0.0
Payments for tax withholding on vesting of restricted stock units (18.3) (13.1)
Net cash used in financing activities (102.4) (6.5)
Effect of foreign exchange rates on cash flows (0.3) 0.0
Net increase in cash, cash equivalents, and restricted cash 80.6 47.4
Cash, cash equivalents, and restricted cash—beginning of period 793.4 728.4
Cash, cash equivalents, and restricted cash—end of period 874.0 775.8
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 2.4 1.9
Supplemental disclosure of noncash investing and financing activities related to the Udemy merger:    
Fair value of net assets assumed 673.6 0.0
Common stock issued as Merger consideration (662.2) 0.0
Fair value of replacement equity awards included in Merger consideration (11.4) 0.0
Supplemental disclosure of other noncash investing and financing activities:    
Stock-based compensation capitalized as internal-use software costs 4.3 3.7
Unsettled repurchases of common stock 3.0 0.0
Content assets, unpaid or acquired through non-cash consideration $ 0.8 $ 3.0