Coursera (COUR) 10-Q4 May 232023 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2023	Apr. 27, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	001-40275
Entity Registrant Name	COURSERA, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-3560292
Entity Address, Address Line One	381 E. Evelyn Ave.
Entity Address, City or Town	Mountain View
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94041
City Area Code	650
Local Phone Number	963-9884
Title of 12(b) Security	Common Stock, $0.00001 par value
Trading Symbol	COUR
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		150,719,433
Entity Central Index Key	0001651562
Document Fiscal Year Focus	2023
Amendment Flag	false
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 267,774	$ 320,817
Marketable securities	511,684	459,654
Accounts receivable, net of allowance for credit losses of $381 and $495 as of March 31, 2023 and December 31, 2022, respectively	68,199	53,734
Deferred costs, net	23,976	24,147
Prepaid expenses and other current assets	17,340	17,636
Total current assets	888,973	875,988
Property, equipment, and software, net	26,809	27,096
Operating lease right-of-use assets	8,409	9,605
Intangible assets, net	8,470	8,553
Other assets	31,394	26,355
Total assets	964,055	947,597
Current liabilities:
Educator partners payable	93,233	66,375
Other accounts payable and accrued expenses	15,969	23,342
Accrued compensation and benefits	17,238	21,163
Operating lease liabilities, current	7,865	8,658
Deferred revenue, current	130,902	115,701
Other current liabilities	8,636	7,202
Total current liabilities	273,843	242,441
Operating lease liabilities, non-current	4,208	5,791
Deferred revenue, non-current	3,259	3,076
Other liabilities	1,730	1,714
Total liabilities	283,040	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 March 31, 2023 and December 31, 2022	0	0
Common stock, $0.00001 par value—300,000,000 shares authorized as of March 31, 2023 and December 31, 2022; 152,932,136 shares issued and 150,184,198 shares outstanding as of March 31, 2023, and 150,683,607 shares issued and 147,935,669 shares outstanding as of December 31, 2022	1	1
Additional paid-in capital	1,382,487	1,364,116
Treasury stock—at cost, 2,747,938 shares as of March 31, 2023 and December 31, 2022	(4,701)	(4,701)
Accumulated other comprehensive loss	(285)	(718)
Accumulated deficit	(696,487)	(664,123)
Total stockholders’ equity	681,015	694,575
Total liabilities and stockholders’ equity	$ 964,055	$ 947,597

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 381	$ 495
Preferred stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	152,932,136	150,683,607
Common stock, shares outstanding (in shares)	150,184,198	147,935,669
Treasury stock, shares (in shares)	2,747,938	2,747,938

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Revenue	$ 147,642	$ 120,433
Cost of revenue	70,174	42,803
Gross profit	77,468	77,630
Operating expenses:
Research and development	43,809	37,955
Sales and marketing	52,872	51,667
General and administrative	25,523	25,178
Restructuring charges	(5,659)	0
Total operating expenses	116,545	114,800
Loss from operations	(39,077)	(37,170)
Interest income	8,037	335
Other income (expense), net	102	(425)
Loss before income taxes	(30,938)	(37,260)
Income tax expense	1,426	1,008
Net loss	$ (32,364)	$ (38,268)
Net loss per shares-basic (in dollars per share)	$ (0.22)	$ (0.27)
Net loss per share-diluted (in dollars per share)	$ (0.22)	$ (0.27)
Weighted average shares used in computing net loss per share- basic (in shares)	148,974,454	143,026,907
Weighted average shares used in computing net loss per share— diluted (in shares)	148,974,454	143,026,907

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (32,364)	$ (38,268)
Change in unrealized gain (loss) on marketable securities, net of tax	433	(1,612)
Change in unrealized gain (loss) on marketable securities, net of tax	$ (31,931)	$ (39,880)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders’ Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2021		144,653,979
Beginning balance at Dec. 31, 2021	$ 741,513	$ 1	$ 1,235,231	$ (4,701)	$ (252)	$ (488,766)
Treasury stock, beginning balance (in shares) at Dec. 31, 2021				(2,747,938)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of options (in shares)		1,728,006
Issuance of common stock upon exercise of options	6,450		6,450
Vesting of restricted stock units (in shares)		322,335
Tax withholding on vesting of restricted stock units (in shares)		(125,886)
Tax withholding on vesting of restricted stock units	(2,625)		(2,625)
Stock-based compensation expense	23,227		23,227
Change in unrealized gain on marketable securities	(1,612)				(1,612)
Net loss	(38,268)					(38,268)
Ending balance (in shares) at Mar. 31, 2022		146,578,434
Ending balance at Mar. 31, 2022	$ 728,685	$ 1	1,262,283	$ (4,701)	(1,864)	(527,034)
Treasury stock, ending balance (in shares) at Mar. 31, 2022				(2,747,938)
Beginning balance (in shares) at Dec. 31, 2022	147,935,669	150,683,607
Beginning balance at Dec. 31, 2022	$ 694,575	$ 1	1,364,116	$ (4,701)	(718)	(664,123)
Treasury stock, beginning balance (in shares) at Dec. 31, 2022	(2,747,938)			(2,747,938)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of options (in shares)		1,098,467
Issuance of common stock upon exercise of options	$ 5,354		5,354
Vesting of restricted stock units (in shares)		1,976,234
Tax withholding on vesting of restricted stock units (in shares)		(832,977)
Tax withholding on vesting of restricted stock units	(13,036)		(13,036)
Issuance of restricted stock awards (in shares)		6,805
Stock-based compensation expense	26,053		26,053
Change in unrealized gain on marketable securities	433				433
Net loss	$ (32,364)					(32,364)
Ending balance (in shares) at Mar. 31, 2023	150,184,198	152,932,136
Ending balance at Mar. 31, 2023	$ 681,015	$ 1	$ 1,382,487	$ (4,701)	$ (285)	$ (696,487)
Treasury stock, ending balance (in shares) at Mar. 31, 2023	(2,747,938)			(2,747,938)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net loss	$ (32,364)	$ (38,268)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	5,511	4,182
Stock-based compensation expense	24,742	21,978
Amortization or accretion of marketable securities	(5,016)	510
Impairment of long-lived assets	535	1,886
Other	96	233
Changes in operating assets and liabilities:
Accounts receivable, net	(14,585)	(19,997)
Prepaid expenses and other assets	(5,396)	(11,467)
Operating lease right-of-use assets	1,197	1,271
Accounts payable and accrued expenses	19,440	(6,670)
Accrued compensation and other liabilities	(2,476)	(1,815)
Operating lease liabilities	(2,376)	(1,557)
Deferred revenue	15,384	11,457
Net cash provided by (used in) operating activities	4,692	(38,257)
Cash flows from investing activities:
Purchases of marketable securities	(121,756)	(180,552)
Proceeds from maturities of marketable securities	75,000	0
Purchases of property, equipment, and software	(298)	(400)
Capitalized internal-use software costs	(2,862)	(3,544)
Purchases of content assets	(624)	(617)
Net cash used in investing activities	(50,540)	(185,113)
Cash flows from financing activities:
Proceeds from exercise of stock options	5,354	6,947
Payment of deferred offering costs	0	(295)
Payment of tax withholding on vesting of restricted stock units	(13,036)	(2,625)
Net cash (used in) provided by financing activities	(7,682)	4,027
Net decrease in cash, cash equivalents, and restricted cash	(53,530)	(219,343)
Cash, cash equivalents, and restricted cash—Beginning of period	322,878	582,719
Cash, cash equivalents, and restricted cash—End of period	269,348	363,376
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	267,774	361,315
Restricted cash, non-current	1,574	2,061
Total cash, cash equivalents, and restricted cash	269,348	363,376
Supplemental disclosure of cash flow information:
Cash paid for income taxes	1,108	808
Supplemental disclosure of noncash investing and financing activities:
Stock-based compensation capitalized as internal-use software costs	$ 1,311	$ 1,249

Basis of Presentation and Descr

Basis of Presentation and Description of Business	3 Months Ended
Basis of Presentation and Description of Business	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Description of Business	BASIS OF PRESENTATION AND DESCRIPTION OF BUSINESS Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Coursera, Inc., a Delaware public benefit corporation, and its subsidiaries (“Coursera”, the “Company”, “we”, “us” or “our”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and following the requirements of the Securities and Exchange Commission (“SEC”) for interim reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by GAAP can be condensed or omitted. These unaudited condensed consolidated financial statements have been prepared on the same basis as our annual consolidated financial statements and, in the opinion of management, reflect all adjustments, consisting only of normal recurring adjustments, that are necessary for a fair statement of our financial information. Certain prior year amounts have been reclassified to conform to the current year presentation. The results of operations for the three months ended March 31, 2023 are not necessarily indicative of the results to be expected for the year ending December 31, 2023 or for any other interim period or for any other future year. The balance sheet as of December 31, 2022 has been derived from audited consolidated financial statements at that date but does not include all information required by GAAP for annual consolidated financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on February 23, 2023 (“Form 10-K”). Description of Business Coursera is an online learning platform that connects learners, educators, and institutions with the goal of providing world-class educational content that is affordable, accessible, and relevant. We combine content, data, and technology into a platform that is customizable and extensible to both individual learners and institutions. We partner with leading university and industry partners (“educator partners”) to bring quality higher education to a broad range of individuals, businesses, organizations, and governments. We also sell directly to institutions, including employers, colleges and universities, organizations, and governments, to enable their employees, students, and citizens to gain critical skills aligned to the job markets of today and tomorrow. Our corporate headquarters is located in Mountain View, California. Share Repurchase Program On April 26, 2023, our Board of Directors approved a share repurchase program (the “Repurchase Program”) with authorization to purchase up to $95 million of our common stock. We may repurchase shares of common stock from time to time through open market purchases, in privately negotiated transactions, or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions. The number of shares to be repurchased and the timing of the repurchases, if any, will depend on several factors, including, without limitation, business, economic, and market conditions, corporate, legal, and regulatory requirements, prevailing stock prices, trading volume, and other considerations. The Repurchase Program may be suspended or discontinued at any time and does not obligate us to acquire any amount of common stock. We expect to utilize our existing cash and cash equivalents to fund repurchases under the Repurchase Program.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
Significant Accounting Policies	Mar. 31, 2023
Accounting Policies [Abstract]
Significant Accounting Policies	SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The unaudited condensed consolidated financial statements include the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Reporting Segments We conduct our operations through three reporting segments: Consumer, Enterprise, and Degrees. Refer to Note 12 for additional information. Use of Estimates The preparation of the unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities and related disclosures as of the date of the unaudited condensed consolidated financial statements, as well as the reported amounts of revenue and expenses during the reporting period. We base our estimates on historical experience, current conditions, and various other factors that we believe to be reasonable under the circumstances. Significant items subject to such estimates, judgements, and assumptions include, but are not limited to, those related to the determination of principal versus agent and variable consideration in our revenue contracts; stock-based compensation expense; period of benefit for capitalized commissions; internal-use software costs; useful lives of long-lived assets; the carrying value of operating lease right-of-use assets; the valuation of intangible assets and income tax expense, including the valuation of deferred tax assets and liabilities, among others. Actual results could differ from those estimates, and any such differences could be material to our unaudited condensed consolidated financial statements. Summary of Significant Accounting Policies There have been no significant changes to our significant accounting policies, other than the update described below, as of and for the three months ended March 31, 2023 as compared to the significant accounting policies described in our Form 10-K. Contract Acquisition and Fulfillment Costs Deferred Commissions Customer acquisition costs are primarily related to sales commissions and related payroll taxes earned by our Enterprise sales force, which are incremental costs we incur to obtain a contract. Sales commissions and related payroll costs earned by our Enterprise sales force, which are incremental costs we incur to obtain a contract, are deferred and then amortized on a straight-line basis over the expected period of benefit. On an annual basis, we assess the expected period of benefit by taking into consideration the length of terms in Enterprise customer contracts, the life of the technology, and other factors. Based on our most recent assessment, we determined that the expected period of benefit for incremental costs of our Enterprise customer contracts should be increased from three years to four years. This change in accounting estimate was effective January 1, 2023 and is accounted for prospectively in our unaudited condensed consolidated financial statements. For the three months ended March 31, 2023, the change in the expected period of benefit resulted in a benefit to sales and marketing expenses of $1,148. Sales commissions and related payroll taxes paid for Enterprise contract renewals continue to be amortized over the renewal term, which is generally two years. Deferred commissions and related payroll taxes are recorded within deferred costs or other assets in the consolidated balance sheets, depending on the timing of the related amortization. They are amortized to sales and marketing in the consolidated statements of operations. Concentration of Credit Risk Financial instruments that potentially subject us to concentration of credit risk consist of cash, cash equivalents, and marketable securities. We only invest in high-credit-quality instruments and maintain our cash equivalents and marketable securities in fixed-income securities. We place our cash primarily with domestic financial institutions that are federally insured within statutory limits.

Revenue Recognition

Revenue Recognition	3 Months Ended
Revenue Recognition	Mar. 31, 2023
Revenue Recognition [Abstract]
Revenue Recognition	REVENUE RECOGNITION Contract Balances Contract assets and liabilities were as follows: March 31, 2023 December 31, 2022 January 1, 2022 Contract assets: Billed accounts receivable, net of allowance for credit losses $ 56,562 $ 45,337 $ 22,286 Unbilled accounts receivable 11,637 8,397 12,110 Total contract assets $ 68,199 $ 53,734 $ 34,396 Contract liabilities: Deferred revenue $ 134,161 $ 118,777 $ 98,488 Total contract liabilities $ 134,161 $ 118,777 $ 98,488 Revenue recognized during the three months ended March 31, 2023 and 2022 that was included in the corresponding deferred revenue balance at the beginning of each year was $58,733 and $47,160, respectively. Remaining Performance Obligations Remaining performance obligations represent future revenue that is under non-cancelable contracts but has not yet been recognized. As of March 31, 2023, we had remaining performance obligations of $316,500 and expect to recognize approximately 65% as revenue over the next 12 months and the remainder thereafter. Costs to Obtain and Fulfill Contracts During the three months ended March 31, 2023 and 2022, we capitalized $2,972 and $2,493, respectively of commissions and related payroll tax expenditures, and amortized $2,681 and $2,744, respectively, to sales and marketing expense. As of March 31, 2023 and December 31, 2022, the amount of deferred commissions and related payroll tax expenditures included in deferred costs and in other assets was $10,387 and $13,300, and $13,630 and $10,426, respectively. During the three months ended March 31, 2022, we recognized an impairment loss of $1,886 on deferred partner fees that we do not expect to recover associated with content from Russian educator partners whose content we removed from our platform. The impairment loss was recorded within general and administrative expenses in the unaudited condensed consolidated statements of operations. No impairment loss was recognized during the three months ended March 31, 2023.

Investments

Investments	3 Months Ended
Investments	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	INVESTMENTS The following table summarizes our investments measured at fair value on a recurring basis by balance sheet classification and investment type: March 31, 2023 December 31, 2022 Amortized Gross Gross Fair Amortized Gross Gross Fair Cash equivalents—money market funds $ 220,693 $ — $ — $ 220,693 $ 304,750 $ — $ — $ 304,750 Marketable securities—U.S. Treasury securities $ 511,969 $ 122 $ (407) $ 511,684 $ 460,372 $ 26 $ (744) $ 459,654 Total $ 732,662 $ 122 $ (407) $ 732,377 $ 765,122 $ 26 $ (744) $ 764,404 Gross realized gains and losses related to our marketable securities were not material for the three months ended March 31, 2023 and 2022. The following table presents the cost basis and fair value of our available-for-sale ("AFS") marketable securities by contractual maturity date: March 31, 2023 December 31, 2022 Amortized Fair Amortized Fair Due in one year or less $ 511,969 $ 511,684 $ 460,372 $ 459,654 Investments in an unrealized loss position consisted of the following: March 31, 2023 December 31, 2022 Fair Gross Fair Gross U.S. Treasury securities $ 364,043 $ (407) $ 356,767 $ (744) As of March 31, 2023 and December 31, 2022, our AFS marketable securities were comprised of U.S. Treasury securities, which are backed by the full faith and credit of the U.S. government. As a result, there were no credit or non-credit impairment charges recorded during the three months ended March 31, 2023 and 2022. We remeasure our equity-method investment in a private company at fair value on a nonrecurring basis when an identifiable event or change in circumstance may have a significant adverse impact on its fair value. No such events or changes occurred during the three months ended March 31, 2023 and 2022.

Consolidated Balance Sheet Comp

Consolidated Balance Sheet Components	3 Months Ended
Consolidated Balance Sheet Components	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidated Balance Sheet Components	CONSOLIDATED BALANCE SHEET COMPONENTS Property, Equipment, and Software, Net Property, equipment, and software, net consisted of the following: March 31, 2023 December 31, 2022 Internal-use software and website development $ 56,967 $ 53,215 Computer equipment and purchased software 4,753 4,662 Leasehold improvements 6,793 6,567 Furniture and fixtures 2,759 2,714 Total property, equipment, and software 71,272 67,158 Less accumulated depreciation and amortization (44,463) (40,062) Property, equipment, and software, net $ 26,809 $ 27,096 Depreciation and amortization expense related to property, equipment, and software for the three months ended March 31, 2023 and 2022 was $4,822 and $3,539, respectively, which included amortization expense for internal-use software and website development of $4,221 and $2,811, respectively, that is recorded within cost of revenue in the unaudited condensed consolidated statements of operations. Intangible Assets, Net Intangible assets, net consisted of the following: March 31, 2023 December 31, 2022 Gross Accumulated Net Gross Accumulated Net Content assets $ 7,427 $ (2,313) $ 5,114 $ 6,821 $ (1,971) $ 4,850 Developed technology 8,446 (5,090) 3,356 8,446 (4,743) 3,703 Assembled workforce 181 (181) — 181 (181) — Intangible assets $ 16,054 $ (7,584) $ 8,470 $ 15,448 $ (6,895) $ 8,553 During the three months ended March 31, 2023 and 2022, we capitalized $606 and $255 of content assets, respectively. Intangible assets amortization expense was $689 and $643 for the three months ended March 31, 2023 and 2022, respectively. As of March 31, 2023, future expected amortization expense for intangible assets was as follows: Remainder of 2023 $ 2,071 2024 2,900 2025 2,372 2026 705 2027 274 Thereafter 148 Total $ 8,470

Leases

Leases	3 Months Ended
Leases	Mar. 31, 2023
Leases [Abstract]
Leases	LEASES We have entered into various non-cancelable office space operating leases with lease periods expiring through April 2025. These leases do not contain residual value guarantees, covenants, or other restrictions. In May 2022, we entered into a sublease agreement pursuant to which we subleased a part of our existing office space in Mountain View, California. We classified the sublease as an operating lease. The term of the sublease commenced on June 1, 2022 and terminates on October 31, 2024. Sublease income from this agreement was not material for the three months ended March 31, 2023.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Income tax expense or benefit for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter, we update the estimate of the annual effective tax rate, and if the estimated tax rate changes, we record a cumulative adjustment. Our effective tax rate for the three months ended March 31, 2023 and 2022 was (4.6)% and (2.7)%, respectively. The difference between the effective tax rate and the U.S. federal statutory rate is primarily due to a valuation allowance for our federal and state net deferred tax assets, income taxes on foreign operations, U.S. state income taxes, and stock-based compensation expense. As of March 31, 2023, we continued to have a full valuation allowance against our U.S. federal and state deferred tax assets. Management regularly evaluates the realizability of our deferred tax assets. Adjustments are recorded to income during the period in which management makes the determination a deferred tax asset is more likely than not to be realized.

Net Loss Per Share

Net Loss Per Share	3 Months Ended
Net Loss Per Share	Mar. 31, 2023
Earnings Per Share [Abstract]
Net Loss Per Share	NET LOSS PER SHARE The following table presents the calculation of basic and diluted net loss per share: Three Months Ended March 31, 2023 2022 Numerator: Net loss $ (32,364) $ (38,268) Denominator: Weighted-average shares used in computing net loss per share—basic and diluted 148,974,454 143,026,907 Net loss per share—basic and diluted $ (0.22) $ (0.27) The following potentially dilutive securities were excluded from the computation of diluted net loss per share calculations for the periods presented because the impact of including them would have been anti-dilutive: Three Months Ended March 31, 2023 2022 Common stock options 17,013,403 20,911,881 RSUs 24,487,480 7,941,589 Shares subject to repurchase — 2,607 ESPP stock purchase rights (“ESPP Rights”) 324,358 175,078 Total 41,825,241 29,031,155

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Purchase Obligations Purchase obligations relate mainly to a third-party cloud infrastructure agreement and subscription arrangements as well as service agreements used to facilitate our operations. As of March 31, 2023, we had approximately $34,898 of future minimum payments under our non-cancelable purchase obligations with a remaining term in excess of one year, which are expected to be paid through 2026. Litigation We evaluate uncertainties associated with litigation and record a charge equal to at least the minimum estimated liability for a loss contingency when both of the following conditions are met: (i) information available prior to issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and (ii) the loss or range of loss can be reasonably estimated. If we determine that a loss is possible and a range of the loss can be reasonably estimated, we disclose the range of the possible loss in the notes to the unaudited condensed consolidated financial statements. We evaluate, on a quarterly basis, developments in our legal matters that could affect the amount of liability that has been previously accrued, if any, and the matters and related ranges of possible losses disclosed and make adjustments and changes to our disclosures as appropriate. Significant judgment is required to determine both likelihood of there being, and the estimated amount of, a loss related to such matters. Until the final resolution of such matters, there may be an exposure to loss, and such amounts could be material. As previously disclosed, in January 2023, a putative class action complaint, Feng et al v. Coursera, Inc., was filed against us in the United States District Court for the Northern District of California. The complaint asserted alleged failures to make certain disclosures and obtain certain authorizations under California's Automatic Renewal Law and the Electronic Funds Transfer Act. The complaint sought injunctive relief and an unspecified amount of monetary damages. In March 2023, the plaintiff elected to voluntarily dismiss the entire complaint without prejudice. Accordingly, we did not make any settlement payments or record any loss contingency in connection with this matter. Indemnifications

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
Employee Benefit Plans	Mar. 31, 2023
Retirement Benefits [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFIT PLANS Stock Incentive Plans Our 2021 Stock Incentive Plan (the “2021 Plan”) provides for the granting of incentive and non-statutory stock options, restricted stock units (“RSUs”), and other equity-based awards. Pursuant to our 2021 Employee Stock Purchase Plan (the “ESPP”), eligible employees may purchase shares of our common stock through payroll deductions at 85% percent of the lower of the market price of our common stock on the date of commencement of the applicable offering period or on the last day of each six-month purchase period. As of March 31, 2023, 9,981,495 shares of our common stock were reserved for future issuance under the 2021 Plan. As of March 31, 2023, 4,923,034 shares of our common stock were reserved for issuance under the ESPP. Stock Options We may grant stock options at prices not less than the grant date fair value. These stock options generally expire 10 years from the grant date. Incentive stock options and non-statutory stock options generally vest ratably over a four-year service period. Stock option activity for the three months ended March 31, 2023 was as follows: Number of Weighted- Weighted- Aggregate Balance—December 31, 2022 18,153,195 $ 6.07 5.41 $ 120,289 Granted 319,490 15.59 Exercised (1,098,467) 4.87 Canceled (360,815) 10.88 Balance—March 31, 2023 17,013,403 $ 6.22 5.37 $ 106,684 Options vested 13,319,594 $ 4.52 4.79 $ 97,829 The aggregate intrinsic value of options exercised was $8,961 for the three months ended March 31, 2023. RSUs RSUs granted have a service-based vesting condition, which are satisfied generally either (a) over four years with 25% cliff vesting period after one year and 6.25% vesting each quarter thereafter or (b) over four years with 6.25% vesting each quarter. The related stock-based compensation expense is recognized on a straight-line basis over the requisite service period. RSU activity for the three months ended March 31, 2023 was as follows: Number of Weighted-Average Aggregate Unvested balance—December 31, 2022 22,773,053 $ 17.75 $ 269,779 Granted 4,789,045 11.06 Vested (1,976,234) 18.82 Forfeited (1,098,384) 22.68 Unvested balance—March 31, 2023 24,487,480 $ 16.13 $ 282,096 Stock-Based Compensation Expense Stock-based compensation expense is classified in the unaudited condensed consolidated statements of operations as follows: Three Months Ended March 31, 2023 2022 Cost of revenue $ 877 $ 577 Research and development 13,465 9,743 Sales and marketing 8,357 6,274 General and administrative 7,631 5,384 Restructuring charges (5,588) — Total $ 24,742 $ 21,978 We capitalized $1,311 and $1,249 of stock-based compensation related to the development of our internal-use software during the three months ended March 31, 2023 and 2022, respectively. As of March 31, 2023, there was a total of $28,536 unrecognized employee compensation cost related to unvested stock options, which is expected to be recognized over a weighted-average period of approximately 2.0 years. In addition, as of March 31, 2023, total unrecognized compensation cost related to unvested RSUs was $307,474, which is expected to be recognized over a weighted-average period of approximately 3.0 years. Total unrecognized compensation cost related to ESPP Rights as of March 31, 2023 was $6,653, which is expected to be recognized over a weighted-average period of approximately 1.0 year. Common Stock Reserved for Issuance The following table presents total shares of our common stock reserved for future issuance: March 31, 2023 December 31, 2022 Stock options outstanding 17,013,403 18,153,195 RSUs outstanding 24,487,480 22,773,053 Shares available for future grants 14,904,529 8,819,998 Total shares of common stock reserved 56,405,412 49,746,246 401(k) Plan We have a 401(k) savings plan (the “401(k) Plan”) that provides for a discretionary employer-matching contribution. We made matching contributions of $856 and $667 to the 401(k) Plan for the three months ended March 31, 2023 and 2022, respectively.

Related Party Transaction

Related Party Transaction	3 Months Ended
Related Party Transaction	Mar. 31, 2023
Related Party Transactions [Abstract]
Related-Party Transaction	RELATED-PARTY TRANSACTION During the year ended December 31, 2017, we entered into a content sourcing agreement with a related party in the normal course of business and under standard terms. Content fees earned by the related party during the three months ended March 31, 2023 and 2022 were $1,693 and $1,630, respectively. Content fees earned by the related party were recorded within cost of revenue in the unaudited condensed consolidated statements of operations. As of March 31, 2023 and December 31, 2022, outstanding educator partner payables related to this content sourcing agreement were $1,693 and $1,223, respectively.

Segment and Geographic Informat

Segment and Geographic Information	3 Months Ended
Segment and Geographic Information	Mar. 31, 2023
Segment Reporting [Abstract]
Segment and Geographic Information	SEGMENT AND GEOGRAPHIC INFORMATION Segment Information Our Chief Executive Officer is our chief operating decision maker (“CODM”). For the purposes of allocating resources and assessing performance, the CODM examines three segments, which related to our three revenue sources: Consumer, Enterprise, and Degrees. This is also consistent with how we disaggregate revenue. The tables below summarize the financial information for each reportable segment: Three Months Ended March 31, Revenue 2023 2022 Consumer $ 82,029 $ 68,096 Enterprise 52,173 39,046 Degrees 13,440 13,291 Total revenue $ 147,642 $ 120,433 Segment gross profit Consumer $ 44,617 $ 48,296 Enterprise 34,970 27,952 Degrees 13,440 13,291 Total segment gross profit $ 93,027 $ 89,539 Reconciliation of segment gross profit to gross profit Platform and support costs $ 9,772 $ 7,893 Stock-based compensation expense 877 577 Amortization of internal-use software 4,221 2,811 Amortization of intangible assets 689 628 Total reconciling items 15,559 11,909 Gross profit $ 77,468 $ 77,630 Geographic Information Revenue The following table summarizes the revenue by region based on the billing address of our customers: Three Months Ended March 31, 2023 2022 United States $ 78,509 $ 62,775 Europe, Middle East, and Africa 37,007 30,616 Asia Pacific 18,598 16,017 Other 13,528 11,025 Total $ 147,642 $ 120,433 No single country other than the United States represented 10% or more of our total revenue during the three months ended March 31, 2023 and 2022. Long-lived assets The following table presents our long-lived assets, consisting of property, equipment, and software, net of depreciation and amortization, and operating lease right-of-use assets, by geographic region: March 31, 2023 December 31, 2022 United States $ 33,912 $ 35,457 Rest of World 1,306 1,244 Total $ 35,218 $ 36,701

Restructuring Charges

Restructuring Charges	3 Months Ended
Restructuring Charges	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Restructuring Charges	RESTRUCTURING CHARGESWe have been reducing our expenses, focusing our efforts, and prioritizing investments in key initiatives that are expected to drive long-term, sustainable growth. In connection with this effort, on November 9, 2022, we enacted a plan to reduce our global workforce to better align our cost structure and personnel needs with our business objectives, growth opportunities, and operational priorities.As a result of this reduction, we recognized restructuring charges, within operating expenses, mainly related to personnel expenses, such as employee severance and benefits costs, during the year ended December 31, 2022. Related cash payments of $4.8 million were made in the three months ended March 31, 2023 and reflected as cash used in operating activities within our unaudited condensed consolidated statements of cash flows. We recorded a reversal of stock-based compensation expense of approximately $5.6 million during the first quarter of 2023, which is when the forfeiture of restricted stock units (“RSUs”) and stock options occurred. Remaining unrecognized and unpaid expenses relating to this reduction are not material as of March 31, 2023.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
Significant Accounting Policies (Policies)	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Coursera, Inc., a Delaware public benefit corporation, and its subsidiaries (“Coursera”, the “Company”, “we”, “us” or “our”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and following the requirements of the Securities and Exchange Commission (“SEC”) for interim reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by GAAP can be condensed or omitted. These unaudited condensed consolidated financial statements have been prepared on the same basis as our annual consolidated financial statements and, in the opinion of management, reflect all adjustments, consisting only of normal recurring adjustments, that are necessary for a fair statement of our financial information. Certain prior year amounts have been reclassified to conform to the current year presentation. The results of operations for the three months ended March 31, 2023 are not necessarily indicative of the results to be expected for the year ending December 31, 2023 or for any other interim period or for any other future year. The balance sheet as of December 31, 2022 has been derived from audited consolidated financial statements at that date but does not include all information required by GAAP for annual consolidated financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the SEC on February 23, 2023 (“Form 10-K”).
Principles of Consolidation	Principles of ConsolidationThe unaudited condensed consolidated financial statements include the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Reporting Segments	Reporting Segments We conduct our operations through three reporting segments: Consumer, Enterprise, and Degrees. Refer to Note 12 for additional information.
Use of Estimates	Use of Estimates The preparation of the unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities and related disclosures as of the date of the unaudited condensed consolidated financial statements, as well as the reported amounts of revenue and expenses during the reporting period. We base our estimates on historical experience, current conditions, and various other factors that we believe to be reasonable under the circumstances. Significant items subject to such estimates, judgements, and assumptions include, but are not limited to, those related to the determination of principal versus agent and variable consideration in our revenue contracts; stock-based compensation expense; period of benefit for capitalized commissions; internal-use software costs; useful lives of long-lived assets; the carrying value of operating lease right-of-use assets; the valuation of intangible assets and income tax expense, including the valuation of deferred tax assets and liabilities, among others. Actual results could differ from those estimates, and any such differences could be material to our unaudited condensed consolidated financial statements.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject us to concentration of credit risk consist of cash, cash equivalents, and marketable securities. We only invest in high-credit-quality instruments and maintain our cash equivalents and marketable securities in fixed-income securities. We place our cash primarily with domestic financial institutions that are federally insured within statutory limits.
Contract Acquisition and Fulfillment Costs	Contract Acquisition and Fulfillment Costs Deferred Commissions Customer acquisition costs are primarily related to sales commissions and related payroll taxes earned by our Enterprise sales force, which are incremental costs we incur to obtain a contract. Sales commissions and related payroll costs earned by our Enterprise sales force, which are incremental costs we incur to obtain a contract, are deferred and then amortized on a straight-line basis over the expected period of benefit. On an annual basis, we assess the expected period of benefit by taking into consideration the length of terms in Enterprise customer contracts, the life of the technology, and other factors. Based on our most recent assessment, we determined that the expected period of benefit for incremental costs of our Enterprise customer contracts should be increased from three years to four years. This change in accounting estimate was effective January 1, 2023 and is accounted for prospectively in our unaudited condensed consolidated financial statements. For the three months ended March 31, 2023, the change in the expected period of benefit resulted in a benefit to sales and marketing expenses of $1,148. Sales commissions and related payroll taxes paid for Enterprise contract renewals continue to be amortized over the renewal term, which is generally two years. Deferred commissions and related payroll taxes are recorded within deferred costs or other assets in the consolidated balance sheets, depending on the timing of the related amortization. They are amortized to sales and marketing in the consolidated statements of operations.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
Revenue Recognition (Tables)	Mar. 31, 2023
Revenue Recognition [Abstract]
Summary of Contract Assets and Liabilities	Contract assets and liabilities were as follows: March 31, 2023 December 31, 2022 January 1, 2022 Contract assets: Billed accounts receivable, net of allowance for credit losses $ 56,562 $ 45,337 $ 22,286 Unbilled accounts receivable 11,637 8,397 12,110 Total contract assets $ 68,199 $ 53,734 $ 34,396 Contract liabilities: Deferred revenue $ 134,161 $ 118,777 $ 98,488 Total contract liabilities $ 134,161 $ 118,777 $ 98,488

Investments (Tables)

Investments (Tables)	3 Months Ended
Investments (Tables)	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Summary of Available-for-Sale Marketable Securities	The following table summarizes our investments measured at fair value on a recurring basis by balance sheet classification and investment type: March 31, 2023 December 31, 2022 Amortized Gross Gross Fair Amortized Gross Gross Fair Cash equivalents—money market funds $ 220,693 $ — $ — $ 220,693 $ 304,750 $ — $ — $ 304,750 Marketable securities—U.S. Treasury securities $ 511,969 $ 122 $ (407) $ 511,684 $ 460,372 $ 26 $ (744) $ 459,654 Total $ 732,662 $ 122 $ (407) $ 732,377 $ 765,122 $ 26 $ (744) $ 764,404
Schedule of the Cost Basis and Fair Value of Available-for-sale Securities by Contractual Maturity Date	The following table presents the cost basis and fair value of our available-for-sale ("AFS") marketable securities by contractual maturity date: March 31, 2023 December 31, 2022 Amortized Fair Amortized Fair Due in one year or less $ 511,969 $ 511,684 $ 460,372 $ 459,654
Schedule of Investments in an Unrealized Loss Position	Investments in an unrealized loss position consisted of the following: March 31, 2023 December 31, 2022 Fair Gross Fair Gross U.S. Treasury securities $ 364,043 $ (407) $ 356,767 $ (744)

Consolidated Balance Sheet Co_2

Consolidated Balance Sheet Components (Tables)	3 Months Ended
Consolidated Balance Sheet Components (Tables)	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Property, Equipment and Software	Property, equipment, and software, net consisted of the following: March 31, 2023 December 31, 2022 Internal-use software and website development $ 56,967 $ 53,215 Computer equipment and purchased software 4,753 4,662 Leasehold improvements 6,793 6,567 Furniture and fixtures 2,759 2,714 Total property, equipment, and software 71,272 67,158 Less accumulated depreciation and amortization (44,463) (40,062) Property, equipment, and software, net $ 26,809 $ 27,096
Schedule of Intangible Assets	Intangible assets, net consisted of the following: March 31, 2023 December 31, 2022 Gross Accumulated Net Gross Accumulated Net Content assets $ 7,427 $ (2,313) $ 5,114 $ 6,821 $ (1,971) $ 4,850 Developed technology 8,446 (5,090) 3,356 8,446 (4,743) 3,703 Assembled workforce 181 (181) — 181 (181) — Intangible assets $ 16,054 $ (7,584) $ 8,470 $ 15,448 $ (6,895) $ 8,553
Schedule of Future Expected Amortization Expense for Intangible Assets	As of March 31, 2023, future expected amortization expense for intangible assets was as follows: Remainder of 2023 $ 2,071 2024 2,900 2025 2,372 2026 705 2027 274 Thereafter 148 Total $ 8,470

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	3 Months Ended
Net Loss Per Share (Tables)	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Loss Per Share	The following table presents the calculation of basic and diluted net loss per share: Three Months Ended March 31, 2023 2022 Numerator: Net loss $ (32,364) $ (38,268) Denominator: Weighted-average shares used in computing net loss per share—basic and diluted 148,974,454 143,026,907 Net loss per share—basic and diluted $ (0.22) $ (0.27)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following potentially dilutive securities were excluded from the computation of diluted net loss per share calculations for the periods presented because the impact of including them would have been anti-dilutive: Three Months Ended March 31, 2023 2022 Common stock options 17,013,403 20,911,881 RSUs 24,487,480 7,941,589 Shares subject to repurchase — 2,607 ESPP stock purchase rights (“ESPP Rights”) 324,358 175,078 Total 41,825,241 29,031,155

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
Employee Benefit Plans (Tables)	Mar. 31, 2023
Retirement Benefits [Abstract]
Schedule of Stock Option Activity under the Plans	Stock option activity for the three months ended March 31, 2023 was as follows: Number of Weighted- Weighted- Aggregate Balance—December 31, 2022 18,153,195 $ 6.07 5.41 $ 120,289 Granted 319,490 15.59 Exercised (1,098,467) 4.87 Canceled (360,815) 10.88 Balance—March 31, 2023 17,013,403 $ 6.22 5.37 $ 106,684 Options vested 13,319,594 $ 4.52 4.79 $ 97,829
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	RSU activity for the three months ended March 31, 2023 was as follows: Number of Weighted-Average Aggregate Unvested balance—December 31, 2022 22,773,053 $ 17.75 $ 269,779 Granted 4,789,045 11.06 Vested (1,976,234) 18.82 Forfeited (1,098,384) 22.68 Unvested balance—March 31, 2023 24,487,480 $ 16.13 $ 282,096
Summary of Stock-Based Compensation Expense in the Consolidated Statements of Operations	Stock-based compensation expense is classified in the unaudited condensed consolidated statements of operations as follows: Three Months Ended March 31, 2023 2022 Cost of revenue $ 877 $ 577 Research and development 13,465 9,743 Sales and marketing 8,357 6,274 General and administrative 7,631 5,384 Restructuring charges (5,588) — Total $ 24,742 $ 21,978
Summary of Shares of Common Stock Reserved for Future Issuance	The following table presents total shares of our common stock reserved for future issuance: March 31, 2023 December 31, 2022 Stock options outstanding 17,013,403 18,153,195 RSUs outstanding 24,487,480 22,773,053 Shares available for future grants 14,904,529 8,819,998 Total shares of common stock reserved 56,405,412 49,746,246

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	3 Months Ended
Segment and Geographic Information (Tables)	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of Financial Information for Each Reportable Segment	The tables below summarize the financial information for each reportable segment: Three Months Ended March 31, Revenue 2023 2022 Consumer $ 82,029 $ 68,096 Enterprise 52,173 39,046 Degrees 13,440 13,291 Total revenue $ 147,642 $ 120,433 Segment gross profit Consumer $ 44,617 $ 48,296 Enterprise 34,970 27,952 Degrees 13,440 13,291 Total segment gross profit $ 93,027 $ 89,539 Reconciliation of segment gross profit to gross profit Platform and support costs $ 9,772 $ 7,893 Stock-based compensation expense 877 577 Amortization of internal-use software 4,221 2,811 Amortization of intangible assets 689 628 Total reconciling items 15,559 11,909 Gross profit $ 77,468 $ 77,630
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area	The following table summarizes the revenue by region based on the billing address of our customers: Three Months Ended March 31, 2023 2022 United States $ 78,509 $ 62,775 Europe, Middle East, and Africa 37,007 30,616 Asia Pacific 18,598 16,017 Other 13,528 11,025 Total $ 147,642 $ 120,433
Schedule of Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country	The following table presents our long-lived assets, consisting of property, equipment, and software, net of depreciation and amortization, and operating lease right-of-use assets, by geographic region: March 31, 2023 December 31, 2022 United States $ 33,912 $ 35,457 Rest of World 1,306 1,244 Total $ 35,218 $ 36,701

Basis of Presentation and Des_2

Basis of Presentation and Description of Business - Additional Information (Details) $ in Millions	Apr. 26, 2023 USD ($)
Subsequent Event
Subsequent Event [Line Items]
Stock repurchase program authorized amount	$ 95

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Details) $ in Thousands			3 Months Ended		12 Months Ended
	Jan. 01, 2023	Dec. 31, 2022	Mar. 31, 2023 USD ($) segment customer	Mar. 31, 2022 USD ($)	Dec. 31, 2022 customer
Change in Accounting Estimate [Line Items]
Number of operating segments \| segment			3
Contract with customer expected incremental cost period	4 years	3 years
Sales and marketing			$ 52,872	$ 51,667
Contract with customer amortization on renewal period			2 years
Accounts Receivable
Change in Accounting Estimate [Line Items]
Number of customers \| customer			0		0
Change in Accounting Method Accounted for as Change in Estimate
Change in Accounting Estimate [Line Items]
Sales and marketing			$ 1,148

Revenue Recognition - Summary o

Revenue Recognition - Summary of Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Jan. 01, 2022
Contract assets:
Billed accounts receivable, net of allowance for credit losses	$ 56,562	$ 45,337	$ 22,286
Unbilled accounts receivable	11,637	8,397	12,110
Total contract assets	68,199	53,734	34,396
Contract liabilities:
Deferred revenue	134,161	118,777	98,488
Total contract liabilities	$ 134,161	$ 118,777	$ 98,488

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Revenue Recognized	$ 58,733	$ 47,160
Commissions and related payroll tax expenditures	2,972	2,493
Amortization, sales and marketing expenses	2,681	2,744
Deferred costs	10,387		$ 13,300
Other assets	13,630		$ 10,426
Russian Educator Partners
Disaggregation of Revenue [Line Items]
Impairment losses on deferred partner fees.	0	$ 1,886
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Disaggregation of Revenue [Line Items]
Remaining performance obligation	$ 316,500
Percent of remaining performance obligations to be recognized	65%
Period for satisfaction of remaining performance obligation	12 months

Investments - Summary of Availa

Investments - Summary of Available-for-Sale Marketable Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	$ 732,662	$ 765,122
Gross Unrealized Gains	122	26
Gross Unrealized Losses	(407)	(744)
Fair Value - Level 1	732,377	764,404
Cash equivalents—money market funds
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	220,693	304,750
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value - Level 1	220,693	304,750
Marketable securities—U.S. Treasury securities
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	511,969	460,372
Gross Unrealized Gains	122	26
Gross Unrealized Losses	(407)	(744)
Fair Value - Level 1	$ 511,684	$ 459,654

Investments - Schedule of the C

Investments - Schedule of the Cost Basis and Fair Value of Available-for-sale Securities by Contractual Maturity Date (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Amortized Cost	$ 511,969	$ 460,372
Fair Value	$ 511,684	$ 459,654

Investments - Schedule of Inves

Investments - Schedule of Investments in an Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Gross Unrealized Losses	$ (407)	$ (744)
Marketable securities—U.S. Treasury securities
Schedule Of Available For Sale Securities [Line Items]
Fair Value	364,043	356,767
Gross Unrealized Losses	$ (407)	$ (744)

Consolidated Balance Sheet Co_3

Consolidated Balance Sheet Components - Schedule of Property, Equipment and Software (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Property Plant And Equipment [Line Items]
Total property, equipment, and software	$ 71,272	$ 67,158
Less accumulated depreciation and amortization	(44,463)	(40,062)
Property, equipment, and software, net	26,809	27,096
Internal-use software and website development
Property Plant And Equipment [Line Items]
Total property, equipment, and software	56,967	53,215
Computer equipment and purchased software
Property Plant And Equipment [Line Items]
Total property, equipment, and software	4,753	4,662
Leasehold improvements
Property Plant And Equipment [Line Items]
Total property, equipment, and software	6,793	6,567
Furniture and fixtures
Property Plant And Equipment [Line Items]
Total property, equipment, and software	$ 2,759	$ 2,714

Consolidated Balance Sheet Co_4

Consolidated Balance Sheet Components - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Property Plant And Equipment [Line Items]
Depreciation and amortization	$ 5,511	$ 4,182
Amortization expenses of intangible assets	689	643
Intangible assets, net	8,470		$ 8,553
Content assets
Property Plant And Equipment [Line Items]
Intangible assets, net	606	255
Property, Equipment and Software
Property Plant And Equipment [Line Items]
Depreciation and amortization	4,822	3,539
Software and Website Development
Property Plant And Equipment [Line Items]
Amortization expenses of intangible assets	$ 4,221	$ 2,811

Consolidated Balance Sheet Co_5

Consolidated Balance Sheet Components - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Finite Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 16,054	$ 15,448
Accumulated Amortization	(7,584)	(6,895)
Net Carrying Value	8,470	8,553
Content assets
Finite Lived Intangible Assets [Line Items]
Gross Carrying Value	7,427	6,821
Accumulated Amortization	(2,313)	(1,971)
Net Carrying Value	5,114	4,850
Developed technology
Finite Lived Intangible Assets [Line Items]
Gross Carrying Value	8,446	8,446
Accumulated Amortization	(5,090)	(4,743)
Net Carrying Value	3,356	3,703
Assembled workforce
Finite Lived Intangible Assets [Line Items]
Gross Carrying Value	181	181
Accumulated Amortization	(181)	(181)
Net Carrying Value	$ 0	$ 0

Consolidated Balance Sheet Co_6

Consolidated Balance Sheet Components - Schedule of Future Expected Amortization Expense for Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Remainder of 2023	$ 2,071
2024	2,900
2025	2,372
2026	705
2027	274
Thereafter	148
Net Carrying Value	$ 8,470	$ 8,553

Leases - Additional Information

Leases - Additional Information (Details) $ in Thousands	3 Months Ended
Leases - Additional Information (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Leases [Abstract]
Sublease income	$ 0

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details)	3 Months Ended
Income Taxes - Additional Information (Details)	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Effective tax rate	4.60%	2.70%

Net Loss Per Share - Calculatio

Net Loss Per Share - Calculation of Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Numerator:
Net loss	$ (32,364)	$ (38,268)
Denominator:
Weighted average shares used in computing net loss per share- basic (in shares)	148,974,454	143,026,907
Weighted average shares used in computing net loss per share— diluted (in shares)	148,974,454	143,026,907
Net loss per shares-basic (in dollars per share)	$ (0.22)	$ (0.27)
Net loss per share-diluted (in dollars per share)	$ (0.22)	$ (0.27)

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Securities with a Potentially Dilutive Impact (Details) - shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of dilutive earnings per share (in shares)	41,825,241	29,031,155
Common stock options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of dilutive earnings per share (in shares)	17,013,403	20,911,881
RSUs
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of dilutive earnings per share (in shares)	24,487,480	7,941,589
Shares subject to repurchase
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of dilutive earnings per share (in shares)	0	2,607
ESPP stock purchase rights (“ESPP Rights”)
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of dilutive earnings per share (in shares)	324,358	175,078

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Non-cancelable purchase obligations	$ 34,898

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total shares of common stock reserved (in shares)	56,405,412		49,746,246
Aggregate intrinsic value of employee options exercised	$ 8,961
Compensation cost related to the nonvested awards not yet recognized	$ 28,536
Weighted average period for recognition of compensation cost	2 years
Employer discretionary contribution amount	$ 856	$ 667
Internal-use software and website development
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
cumulative stock-based compensation expense	$ 1,311	$ 1,249
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percent of the lower of the market price for Purchase shares of common stock	85%
Employee stock incentive plan purchase period	6 months
Total shares of common stock reserved (in shares)	4,923,034
Compensation cost related to the nonvested awards not yet recognized	$ 6,653
Weighted average period for recognition of compensation cost	1 year
2021 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total shares of common stock reserved (in shares)	9,981,495
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation, expiration period	10 years
Vesting period	4 years
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	4 years
Compensation cost related to the nonvested awards not yet recognized	$ 307,474
Weighted average period for recognition of compensation cost	3 years
Restricted Stock Units \| Share-Based Payment Arrangement, Tranche One
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting rights percentage	25%
Cliff vesting period	1 year
Restricted Stock Units \| Share-Based Payment Arrangement, Tranche Two
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting rights percentage	6.25%
Restricted Stock Units \| Share-Based Payment Arrangement, Tranche Three
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting rights percentage	6.25%

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Stock Option Activity under the Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Number of Shares
Number of Shares, Beginning balance (in shares)	18,153,195
Number of Shares, Ending balance (in shares)	17,013,403	18,153,195
Stock Options
Number of Shares
Number of Shares, Beginning balance (in shares)	18,153,195
Number of shares , Granted (in shares)	319,490
Number of Shares, Options exercised (in shares)	(1,098,467)
Number of Shares, Options canceled (in shares)	(360,815)
Number of Shares, Ending balance (in shares)	17,013,403	18,153,195
Number of Shares, Options vested (in shares)	13,319,594
Weighted- Average Exercise Price
Weighted Average Exercise Price, Beginning balance (in dollar per shares)	$ 6.07
Weighted- Average Exercise Price ,Granted (in dollar per shares)	15.59
Weighted Average Exercise Price, Options exercised (in dollar per shares)	4.87
Weighted Average Exercise Price, Canceled (in dollar per shares)	10.88
Weighted Average Exercise Price, Ending balance (in dollar per shares)	6.22	$ 6.07
Weighted Average Exercise Price, Options vested (in dollar per shares)	$ 4.52
Weighted Average Remaining Contractual Term	5 years 4 months 13 days	5 years 4 months 28 days
Weighted Average Remaining Contractual Term, Options vested	4 years 9 months 14 days
Aggregate Intrinsic Value	$ 106,684	$ 120,289
Aggregate Intrinsic Value, Options vested	$ 97,829

Employee Benefit Plans - Sche_2

Employee Benefit Plans - Schedule of Share-based Compensation, Restricted Stock Units Award Activity (Details) - Restricted Stock Units - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Number of Shares
Number of Shares, Unvested beginning balance (in shares)	22,773,053
Number of Shares, Granted (in shares)	4,789,045
Number of Shares, Vested (in shares)	(1,976,234)
Number of Shares, Forfeited (in shares)	(1,098,384)
Number of Shares, Unvested ending balance (in shares)	24,487,480
Weighted-Average Grant Date Fair Value
Weighted- Average Grant Fair Value, Unvested beginning balance (in dollar per shares)	$ 17.75
Weighted- Average Grant Fair Value, Granted (in dollar per shares)	11.06
Weighted- Average Grant Fair Value, Vested (in dollar per shares)	18.82
Weighted- Average Grant Fair Value, Forfeited (in dollar per shares)	22.68
Weighted- Average Grant Fair Value, Unvested ending balance (in dollar per shares)	$ 16.13
Aggregate Intrinsic Value, Unvested balance	$ 282,096	$ 269,779

Employee Benefit Plans - Summar

Employee Benefit Plans - Summary of Stock-Based Compensation Expense in the Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total	$ 24,742	$ 21,978
Cost of revenue
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total	877	577
Research and development
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total	13,465	9,743
Sales and marketing
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total	8,357	6,274
General and administrative
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total	7,631	5,384
Restructuring charges
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total	$ (5,588)	$ 0

Employee Benefit Plans - Summ_2

Employee Benefit Plans - Summary of Shares of Common Stock Reserved for Future Issuance (Details) (Details) - shares	Mar. 31, 2023	Dec. 31, 2022
Retirement Benefits [Abstract]
Stock options outstanding (in shares)	17,013,403	18,153,195
RSUs outstanding (in shares)	24,487,480	22,773,053
Shares available for future grants (in shares)	14,904,529	8,819,998
Total shares of common stock reserved (in shares)	56,405,412	49,746,246

Related Party Transaction - Add

Related Party Transaction - Additional Information (Details) - Content Sourcing Agreement - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Related party content fees	$ 1,693	$ 1,630
Outstanding to educator partner payables	$ 1,693		$ 1,223

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Details)	3 Months Ended
	Mar. 31, 2023 segment
Segment Reporting [Abstract]
Number of segments	3

Segment and Geographic Inform_4

Segment and Geographic Information - Segment Results of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue
Revenue	$ 147,642	$ 120,433
Segment gross profit
Gross profit	77,468	77,630
Segment amortization	689	643
Cost of revenue	70,174	42,803
Operating Segments
Segment gross profit
Gross profit	93,027	89,539
Segment Reconciling Items
Segment gross profit
Platform and support costs	9,772	7,893
Stock-based compensation expense	877	577
Cost of revenue	15,559	11,909
Internal Use Software \| Segment Reconciling Items
Segment gross profit
Segment amortization	4,221	2,811
Acquired Intangibles \| Segment Reconciling Items
Segment gross profit
Segment amortization	689	628
Consumer
Revenue
Revenue	82,029	68,096
Consumer \| Operating Segments
Segment gross profit
Gross profit	44,617	48,296
Enterprise
Revenue
Revenue	52,173	39,046
Enterprise \| Operating Segments
Segment gross profit
Gross profit	34,970	27,952
Degrees
Revenue
Revenue	13,440	13,291
Degrees \| Operating Segments
Segment gross profit
Gross profit	$ 13,440	$ 13,291

Segment and Geographic Inform_5

Segment and Geographic Information - Summary of Revenue By Region Based On Billing Address (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Revenue	$ 147,642	$ 120,433
United States
Segment Reporting Information [Line Items]
Revenue	78,509	62,775
Europe, Middle East, and Africa
Segment Reporting Information [Line Items]
Revenue	37,007	30,616
Asia Pacific
Segment Reporting Information [Line Items]
Revenue	18,598	16,017
Other
Segment Reporting Information [Line Items]
Revenue	$ 13,528	$ 11,025

Segment and Geographic Inform_6

Segment and Geographic Information - Summary of Long Lived Assets By Geographic Region (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Noncurrent Assets	$ 35,218	$ 36,701
United States
Segment Reporting Information [Line Items]
Noncurrent Assets	33,912	35,457
Rest of World
Segment Reporting Information [Line Items]
Noncurrent Assets	$ 1,306	$ 1,244

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended
Restructuring Charges (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Payments for restructuring	$ 4,800
Reversal of stock-based compensation expense	24,742	$ 21,978
Restricted Stock Units and Options
Restructuring Cost and Reserve [Line Items]
Reversal of stock-based compensation expense	$ 5,600