Coursera (COUR) 10-Q 1 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Jul. 25, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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 per share
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		156,916,076
Entity Central Index Key	0001651562
Document Fiscal Year Focus	2024
Amendment Flag	false
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 708,761	$ 656,321
Marketable securities	0	65,746
Accounts receivable, net of allowance for credit losses of $580 and $133 as of June 30, 2024 and December 31, 2023	57,734	67,418
Deferred costs, net	25,679	26,387
Prepaid expenses and other current assets	28,515	16,614
Total current assets	820,689	832,486
Property, equipment, and software, net	33,068	30,408
Operating lease right-of-use assets	1,992	4,739
Intangible assets, net	14,953	11,720
Other assets	33,662	41,180
Total assets	904,364	920,533
Current liabilities:
Educator partners payable	100,919	101,041
Other accounts payable and accrued expenses	20,992	23,456
Accrued compensation and benefits	22,638	22,281
Operating lease liabilities, current	2,426	6,557
Deferred revenue, current	156,692	137,229
Other current liabilities	12,237	7,696
Total current liabilities	315,904	298,260
Operating lease liabilities, non-current	0	39
Deferred revenue, non-current	1,759	2,861
Other liabilities	1,527	3,179
Total liabilities	319,190	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 June 30, 2024 and December 31, 2023	0	0
Common stock, $0.00001 par value—300,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 165,312,016 shares issued and 156,792,969 shares outstanding as of June 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	1,489,751	1,459,964
Treasury stock, at cost— 8,519,047 and 7,577,741 shares as of June 30, 2024 and December 31, 2023	(79,672)	(63,154)
Accumulated other comprehensive income	0	59
Accumulated deficit	(824,907)	(780,677)
Total stockholders’ equity	585,174	616,194
Total liabilities and stockholders’ equity	$ 904,364	$ 920,533

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 580	$ 133
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)	165,312,016	162,898,279
Common stock, shares outstanding (in shares)	156,792,969	155,320,538
Treasury stock, shares (in shares)	8,519,047	7,577,741

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenue	$ 170,337	$ 153,702	$ 339,405	$ 301,344
Cost of revenue	80,162	74,001	159,733	144,175
Gross profit	90,175	79,701	179,672	157,169
Operating expenses:
Research and development	33,701	41,286	68,311	85,095
Sales and marketing	58,069	52,001	115,654	104,873
General and administrative	29,570	24,937	54,513	50,460
Restructuring related charges	44	(147)	2,145	(5,806)
Total operating expenses	121,384	118,077	240,623	234,622
Loss from operations	(31,209)	(38,376)	(60,951)	(77,453)
Interest income, net	9,286	8,240	18,869	16,277
Other (expense) income, net	(21)	(8)	(306)	94
Loss before income taxes	(21,944)	(30,144)	(42,388)	(61,082)
Income tax expense	1,030	1,599	1,842	3,025
Net loss	$ (22,974)	$ (31,743)	$ (44,230)	$ (64,107)
Net loss per share - basic (in dollars per share)	$ (0.15)	$ (0.21)	$ (0.28)	$ (0.43)
Net loss per share - diluted (in dollars per share)	$ (0.15)	$ (0.21)	$ (0.28)	$ (0.43)
Weighted average shares used in computing net loss per share - basic (in shares)	156,292,508	150,262,064	156,335,959	149,621,816
Weighted average shares used in computing net loss per share - diluted (in shares)	156,292,508	150,262,064	156,335,959	149,621,816

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (22,974)	$ (31,743)	$ (44,230)	$ (64,107)
Change in unrealized (loss) gain on marketable securities, net of tax	0	(335)	(59)	98
Comprehensive loss	$ (22,974)	$ (32,078)	$ (44,289)	$ (64,009)

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 Income (Loss)	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2022		147,935,669
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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)		3,259,812
Exercise of stock options	14,114	$ 1	14,113
Vesting of restricted stock units, net of tax withholdings	(24,855)	$ (24,855)
Vesting of restricted stock units, net of tax withholdings (in shares)		2,601,929
Repurchases of common stock (in shares)		4,520,293		4,520,293
Repurchases of common stock	(54,529)			$ (54,529)
Issuance of restricted stock awards (in shares)		6,805
Issuance of common stock related to employee stock purchase plan (in shares)		351,939
Issuance of common stock related to employee stock purchase plan	3,530		3,530
Stock-based compensation	57,655		57,655
Change in unrealized gain (loss) on marketable securities	98				98
Net loss	(64,107)					(64,107)
Ending balance (in shares) at Jun. 30, 2023		149,635,861
Ending balance at Jun. 30, 2023	626,481	$ 2	1,414,559	$ (59,230)	(620)	(728,230)
Treasury stock, ending balance (in shares) at Jun. 30, 2023				7,268,231
Beginning balance (in shares) at Mar. 31, 2023		150,184,198
Beginning balance at Mar. 31, 2023	681,015	$ 1	1,382,487	$ (4,701)	(285)	(696,487)
Treasury stock, beginning balance (in shares) at Mar. 31, 2023				(2,747,938)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)		2,161,345
Exercise of stock options	8,760	$ 1	8,759
Vesting of restricted stock units, net of tax withholdings	(11,819)	$ (11,819)
Vesting of restricted stock units, net of tax withholdings (in shares)		1,458,672
Repurchases of common stock (in shares)		4,520,293		4,520,293
Repurchases of common stock	(54,529)			$ (54,529)
Issuance of common stock related to employee stock purchase plan (in shares)		351,939
Issuance of common stock related to employee stock purchase plan	3,530		3,530
Stock-based compensation	31,602		31,602
Change in unrealized gain (loss) on marketable securities	(335)				(335)
Net loss	(31,743)					(31,743)
Ending balance (in shares) at Jun. 30, 2023		149,635,861
Ending balance at Jun. 30, 2023	$ 626,481	$ 2	1,414,559	$ (59,230)	(620)	(728,230)
Treasury stock, ending balance (in shares) at Jun. 30, 2023				7,268,231
Beginning balance (in shares) at Dec. 31, 2023	155,320,538	155,320,538
Beginning balance at Dec. 31, 2023	$ 616,194	$ 2	1,459,964	$ (63,154)	59	(780,677)
Treasury stock, beginning balance (in shares) at Dec. 31, 2023	7,577,741			(7,577,741)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)		1,686,789		340,732
Exercise of stock options	$ 5,508	$ 0	2,321	$ 3,187
Vesting of restricted stock units, net of tax withholdings	(21,313)	$ (33,558)		$ 12,245
Vesting of restricted stock units, net of tax withholdings (in shares)		2,372,611		(1,309,296)
Repurchases of common stock (in shares)		3,099,800		3,099,800
Repurchases of common stock	(36,705)			$ (36,705)
Issuance of restricted stock awards (in shares)		4,365
Issuance of common stock related to employee stock purchase plan (in shares)		508,466		508,466
Issuance of common stock related to employee stock purchase plan	3,816		(939)	$ 4,755
Stock-based compensation	61,963		61,963
Change in unrealized gain (loss) on marketable securities	(59)				(59)
Net loss	$ (44,230)					(44,230)
Ending balance (in shares) at Jun. 30, 2024	156,792,969	156,792,969
Ending balance at Jun. 30, 2024	$ 585,174	$ 2	1,489,751	$ (79,672)	0	(824,907)
Treasury stock, ending balance (in shares) at Jun. 30, 2024	8,519,047			8,519,047
Beginning balance (in shares) at Mar. 31, 2024		157,158,478
Beginning balance at Mar. 31, 2024	$ 609,114	$ 2	1,480,238	$ (69,193)	0	(801,933)
Treasury stock, beginning balance (in shares) at Mar. 31, 2024				8,009,524
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)		484,746		340,732
Exercise of stock options	1,411	$ 0	(1,776)	$ 3,187
Vesting of restricted stock units, net of tax withholdings	(7,799)	$ (20,044)		$ 12,245
Vesting of restricted stock units, net of tax withholdings (in shares)		1,309,296		(1,309,296)
Repurchases of common stock (in shares)		2,668,017		2,668,017
Repurchases of common stock	(30,666)			$ (30,666)
Issuance of common stock related to employee stock purchase plan (in shares)		508,466		(508,466)
Issuance of common stock related to employee stock purchase plan	3,816		(939)	$ 4,755
Stock-based compensation	32,272		32,272
Change in unrealized gain (loss) on marketable securities	0
Net loss	$ (22,974)					(22,974)
Ending balance (in shares) at Jun. 30, 2024	156,792,969	156,792,969
Ending balance at Jun. 30, 2024	$ 585,174	$ 2	$ 1,489,751	$ (79,672)	$ 0	$ (824,907)
Treasury stock, ending balance (in shares) at Jun. 30, 2024	8,519,047			8,519,047

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net loss	$ (44,230)	$ (64,107)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	12,625	10,842
Stock-based compensation expense	57,873	54,050
Accretion of marketable securities	(235)	(9,413)
Impairment of long-lived assets	0	1,275
Other	876	202
Changes in operating assets and liabilities:
Accounts receivable, net	8,730	(19,686)
Prepaid expenses and other assets	(3,678)	(14,269)
Operating lease right-of-use assets	2,747	2,407
Accounts payable and accrued expenses	(3,848)	15,863
Accrued compensation and other liabilities	3,250	2,259
Operating lease liabilities	(4,170)	(4,139)
Deferred revenue	18,361	23,037
Net cash provided by (used in) operating activities	48,301	(1,679)
Cash flows from investing activities:
Purchases of marketable securities	0	(121,756)
Proceeds from maturities of marketable securities	66,000	235,000
Purchases of property, equipment, and software	(310)	(721)
Capitalized internal-use software costs	(8,668)	(7,604)
Purchases of content assets	(4,187)	(1,300)
Net cash provided by investing activities	52,835	103,619
Cash flows from financing activities:
Proceeds from exercise of stock options	5,508	14,114
Proceeds from employee stock purchase plan	3,816	3,530
Payments for repurchases of common stock	(36,705)	(53,066)
Payments for tax withholding on vesting of restricted stock units	(21,313)	(24,855)
Net cash used in financing activities	(48,694)	(60,277)
Net increase in cash, cash equivalents, and restricted cash	52,442	41,663
Cash, cash equivalents, and restricted cash—Beginning of period	658,086	322,878
Cash, cash equivalents, and restricted cash—End of period	710,528	364,541
Supplemental disclosure of cash flow information:
Cash paid for income taxes, net of refunds	2,022	2,284
Supplemental disclosure of noncash investing and financing activities:
Stock-based compensation capitalized as internal-use software costs	4,090	3,605
Unpaid purchases of content assets	2,553	1,193
Unsettled repurchases of common stock	$ 0	$ 1,463

Basis of Presentation and Descr

Basis of Presentation and Description of Business	6 Months Ended
	Jun. 30, 2024
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 Condensed Consolidated Financial Statements (Unaudited) 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 Condensed Consolidated Financial Statements (Unaudited) 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. The results of operations for the three and six months ended June 30, 2024 are not necessarily indicative of the results to be expected for the year ending December 31, 2024 or for any other interim period or for any other future year. These Condensed Consolidated Financial Statements (Unaudited) 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, 2023, which was filed with the SEC on February 22, 2024 (“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 university and industry partners (collectively, “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 job markets. Our corporate headquarters is located in Mountain View, California. Reporting Segments We conduct our operations through three reporting segments: Consumer, Enterprise, and Degrees. Refer to Note 13 for additional information.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The Condensed Consolidated Financial Statements (Unaudited) include the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Summary of Significant Accounting Policies There have been no significant changes to our significant accounting policies, other than the updates described below, as of and for the three and six months ended June 30, 2024 as compared to the significant accounting policies described in our Form 10-K. Concentrations of 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. For the purpose of assessing the concentration of credit risk with respect to accounts receivable and significant customers, we treat a group of customers under common control or customers that are affiliates of each other as a single customer. For the three and six months ended June 30, 2024 and 2023, we did not have any customers that accounted for more than 10% of our revenue. As of June 30, 2024, we did not have any customers that accounted for more than 10% of our net accounts receivable balance. Our business model relies on educational content and credentialing programs from educator partners. Our largest educator partner has global brand recognition and supplies a variety of in-demand content across multiple domains. The loss of or significant reduction in this partnership or one of our other large partners could have a material adverse effect on our financial position, results of operations, and cash flows. Treasury Stock We record repurchases of our common stock as treasury stock, at cost. Incremental direct costs to repurchase our shares of common stock, including excise tax, are included in the cost of the shares acquired. We use the average cost method to account for reissuances of our treasury stock. For shares of treasury stock reissued at a price higher than its cost, the gain is recorded to additional paid-in capital. For shares of treasury stock issued at a price lower than its cost, the loss is recorded to additional paid-in capital to the extent there are previous net gains included in the account. Only once there is no additional paid-in capital will losses in excess of previous net gains be recorded to accumulated deficit. Loss Contingencies Legal fees related to potential loss contingencies are expensed as incurred. Insurance recoveries associated with loss contingencies are recognized when realization becomes probable and estimable, the associated costs have been recognized in the financial statements, and the losses are clearly attributable to the insured event. Use of Estimates The preparation of the Condensed Consolidated Financial Statements (Unaudited) 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 Condensed Consolidated Financial Statements (Unaudited), 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, judgments, 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; loss contingencies and potential recoveries; 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 Condensed Consolidated Financial Statements (Unaudited). Recent Accounting Pronouncements Recently Issued Accounting Pronouncements Not Yet Adopted In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires public entities to disclose information about their reportable segments’ significant expenses and certain other segment items on an interim and annual basis if they are regularly provided to the chief operating decision maker (“CODM”). This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied retrospectively to all prior periods presented. Upon transition, the segment expense categories and amounts disclosed in the prior periods should be based on the significant segment expense categories identified and disclosed in the period of adoption. We expect that the adoption of ASU 2023-07 will not have a material impact on our Condensed Consolidated Financial Statements (Unaudited) and related disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which requires public entities on an annual basis to disclose (1) specific categories in the tax rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. This ASU is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied on a prospective basis, though retrospective application is permitted. We are currently evaluating whether the adoption of ASU 2023-09 will have a material impact on our Condensed Consolidated Financial Statements (Unaudited) and related disclosures. In March 2024, the SEC adopted final rules under SEC Release No. 33-11275, The Enhancement and Standardization of Climate-Related Disclosures for Investors , which requires public entities to provide certain climate-related information in their annual reports and registration statements. The rules will require disclosure of material climate-related risks, how the board of directors and management oversee and manage such risks, and the actual and potential impact of such risks on the company. It will also require disclosure about material climate-related targets and goals, and the financial impact of severe weather events an

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	REVENUE RECOGNITION Contract Balances Contract assets and liabilities were as follows: June 30, 2024 December 31, 2023 January 1, 2023 Contract assets: Billed accounts receivable, net of allowance for credit losses $ 50,781 $ 62,407 $ 45,337 Unbilled accounts receivable 6,953 5,011 8,397 Total contract assets $ 57,734 $ 67,418 $ 53,734 Contract liabilities: Deferred revenue $ 158,451 $ 140,089 $ 118,777 Total contract liabilities $ 158,451 $ 140,089 $ 118,777 Revenue recognized during the six months ended June 30, 2024 and 2023 that was included in the corresponding deferred revenue balance at the beginning of each year was $108,535 and $89,329. 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 (Unaudited) and unbilled amounts that will be recognized as revenue in future periods. As of June 30, 2024, we had remaining performance obligations of $323,372 and expect to recognize approximately 69% as revenue over the next 12 months and the remainder thereafter. Costs to Obtain and Fulfill Contracts The following table presents our capitalization and amortization of commissions and related payroll tax expenditures recorded within sales and marketing in the Condensed Consolidated Financial Statements (Unaudited): Three Months Ended June 30, Six Months Ended June 30, Commissions and related payroll tax expenditures: 2024 2023 2024 2023 Capitalization $ 3,823 $ 4,726 $ 5,096 $ 7,698 Amortization $ 3,753 $ 2,933 $ 7,402 $ 5,614 Deferred commissions and related payroll tax expenditures included in deferred costs and in other assets were as follows: June 30, 2024 December 31, 2023 Deferred costs, net $ 12,875 $ 13,168 Other assets $ 13,348 $ 15,361 No impairment losses were recognized during the three and six months ended June 30, 2024 and 2023.

Investments

Investments	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investments	INVESTMENTS Investments Measured at Fair Value on a Recurring Basis The following table summarizes our investments measured at fair value on a recurring basis by balance sheet classification and investment type: June 30, 2024 December 31, 2023 Amortized Fair Amortized Fair Cash equivalents—money market funds $ 197,581 $ 197,581 $ 186,396 $ 186,396 Cash equivalents—U.S. Treasury securities 491,561 491,561 448,447 448,525 Total cash equivalents 689,142 689,142 634,843 634,921 Marketable securities—U.S. Treasury securities — — 65,765 65,746 Total $ 689,142 $ 689,142 $ 700,608 $ 700,667 Gross unrealized and realized gains and losses related to our cash equivalents and marketable securities were not material for the three and six months ended June 30, 2024 and 2023. As of December 31, 2023, our available-for-sale marketable securities were comprised of U.S. Treasury securities, with a contractual maturity less than one year, which are backed by the full faith and credit of the U.S. government. There were no credit or non-credit impairment losses recorded during the three and six months ended June 30, 2024 and 2023. Investments Measured at Fair Value on a Nonrecurring Basis Our existing equity investments are remeasured 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 and six months ended June 30, 2024 and 2023.

Consolidated Balance Sheet Comp

Consolidated Balance Sheet Components	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidated Balance Sheet Components	CONSOLIDATED BALANCE SHEET COMPONENTS Restricted Cash The reconciliation of cash, cash equivalents, and restricted cash was as follows: June 30, 2024 December 31, 2023 Cash and cash equivalents $ 708,761 $ 656,321 Restricted cash, current 1,574 — Restricted cash, non-current 193 1,765 Total cash, cash equivalents, and restricted cash $ 710,528 $ 658,086 Property, Equipment, and Software, Net Property, equipment, and software, net consisted of the following: June 30, 2024 December 31, 2023 Internal-use software and website development $ 86,544 $ 73,881 Computer equipment and purchased software 4,732 4,405 Leasehold improvements 6,923 6,923 Furniture and fixtures 2,757 2,757 Total property, equipment, and software 100,956 87,966 Less accumulated depreciation and amortization (67,888) (57,558) Property, equipment, and software, net $ 33,068 $ 30,408 The following table presents depreciation and amortization expense related to property, equipment, and software as well as the portion of amortization expense related to internal-use software and website development that is recorded within cost of revenue in the Condensed Consolidated Statements of Operations (Unaudited): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Depreciation and amortization expense $ 5,101 $ 4,650 $ 10,427 $ 9,472 Amortization expense for internal-use software and website development 4,593 4,043 9,379 8,264 Intangible Assets, Net Intangible assets, net consisted of the following: June 30, 2024 December 31, 2023 Gross Accumulated Net Gross Accumulated Net Content assets $ 18,413 $ (5,055) $ 13,358 $ 12,982 $ (3,558) $ 9,424 Developed technology 8,446 (6,851) 1,595 8,446 (6,150) 2,296 Intangible assets $ 26,859 $ (11,906) $ 14,953 $ 21,428 $ (9,708) $ 11,720 Capitalization of content assets and amortization expense for intangible assets was as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Capitalization of content assets $ 3,511 $ 1,390 $ 5,431 $ 1,996 Amortization expense for intangible assets $ 1,168 $ 681 $ 2,198 $ 1,370 As of June 30, 2024, future expected amortization expense for intangible assets was as follows: Remainder of 2024 $ 2,802 2025 5,321 2026 2,726 2027 1,929 2028 1,633 Thereafter 542 Total $ 14,953

Leases

Leases	6 Months Ended
	Jun. 30, 2024
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.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024 and 2023 was (4.7%) and (5.3%). For the six months ended June 30, 2024 and 2023, our effective tax rate was (4.3%) and (5.0%). 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 June 30, 2024, 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	6 Months Ended
	Jun. 30, 2024
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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net loss $ (22,974) $ (31,743) $ (44,230) $ (64,107) Denominator: Weighted-average shares used in computing net loss per share—basic and diluted 156,292,508 150,262,064 156,335,959 149,621,816 Net loss per share—basic and diluted $ (0.15) $ (0.21) $ (0.28) $ (0.43) 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 and Six Months Ended June 30, 2024 2023 Restricted stock units (“RSUs”) 19,121,334 22,358,430 Common stock options 9,393,006 14,874,208 Performance stock units (“PSUs”) 300,416 — ESPP stock purchase rights (“ESPP Rights”) 199,814 122,467 Total 29,014,570 37,355,105

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Purchase Obligations Our purchase obligations primarily relate to a third-party cloud infrastructure agreement, subscription arrangements, and service agreements used to facilitate our operations. As of June 30, 2024, we had approximately $15,160 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. Legal Proceedings From time to time, we may be subject to legal proceedings, as well as demands, claims, and threatened litigation. The outcomes of legal proceedings and other contingencies are inherently unpredictable, subject to significant uncertainties, and could be material to our operating results and cash flows for a particular period. Regardless of the outcome, litigation can have an adverse impact on our business because of defense and settlement costs, diversion of management resources, and other factors. Other than the matters described below, we are not currently party to any legal proceeding that we believe, as of the filing of this Quarterly Report on Form 10-Q, could have a material adverse effect on our business, operating results, cash flows, or financial condition should such litigation or claim be resolved unfavorably. We regularly review the status of each significant matter and assess its potential likelihood of loss or exposure. We record an accrual for loss contingencies for legal proceedings when we believe that an unfavorable outcome is both (i) probable and (ii) the amount or range of any possible loss is reasonably estimable. The actual liability in any such matters may be materially different from the Company ’ s estimates, if any, which could result in the need to adjust the liability and record additional expenses. Privacy Class Action La wsuit and Arbitration Matters In November 2023, a putative class action lawsuit, captioned Iman Ghazizadeh, et al v. Coursera, Inc. , was filed against Coursera, Inc. in the United States District Court for the Northern District of California (the “Court”). The complaint asserts claims for alleged violations of the Video Privacy Protection Act (“VPPA”), and alleges, among other things, that without consent or knowledge of the plaintiff, Coursera disclosed the video viewing history and certain other information of the plaintiff to a third-party company and made similar disclosures without the knowledge or consent of other unidentified users. The plaintiff seeks monetary damages for certain violations under the VPPA, including interest and reasonable attorneys’ fees. We filed a motion to dismiss in January 2024 and a motion to compel arbitration in April 2024. The Court granted the motion to compel arbitration in June 2024, and the litigation is now stayed pending arbitration of the individual plaintiffs’ claims. Given the procedural posture and the nature of such litigation matter, it is not possible to reasonably estimate the probability that we will ultimately prevail or be held liable for the violations alleged in this complaint, nor is it possible to reasonably estimate the loss, if any, or range of loss that could result from this matter. We dispute the claims and intend to vigorously defend against them. In addition, law firms representing approximately 30,000 claimants have threatened to file or filed individual arbitration demands that allege claims similar to those in the VPPA class action lawsuit described above, with certain firms also claiming violations of the Electronic Communications Privacy Act, the California Invasion of Privacy Act, and/or various state wiretapping and unfair or deceptive practices laws. Under the VPPA, each claimant may be entitled to recover damages in the maximum amount of $2,500 for each alleged violation of the VPPA, as well as punitive damages, attorneys’ fees and costs, and equitable relief. In June 2024, without admitting any liability or wrongdoing, we reached an agreement in principle to resolve the claims threatened on behalf of approximately 7,300 claimants. During the three months ended June 30, 2024, we recorded an accrual with respect to these claimants, and the corresponding net loss recognized in our Condensed Consolidated Statements of Operations (Unaudited) is not material. With respect to the remaining claimants, it is not possible to reasonably estimate the probability that we will ultimately prevail or be held liable for the alleged violations, nor is it possible to reasonably estimate the loss, if any, or range of loss that could result from these matters, given the procedural posture and the nature of such matters. We dispute the claims and intend to vigorously defend against them. During the three and six months ended June 30, 2024, we recognized $1,259 in legal fees related to these matters. Indemnifications

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Stockholders' Equity	STOCKHOLDERS’ EQUITY Share Repurchase Program On April 26, 2023, our board of directors approved a share repurchase program with authorization to purchase up to $95 million of our common stock, excluding commissions and fees (the “Repurchase Program”). During the three and six months ended June 30, 2024, we repurchased an aggregate of 2,668,017 shares and 3,099,800 shares of our common stock for $30.7 million and $36.7 million, and during the three and six months ended June 30, 2023, we repurchased an aggregate of 4,520,293 shares of our common stock for $54.5 million. We funded these share repurchases with our existing cash and cash equivalents. As of May 7, 2024, we completed the purchase authorization under the Repurchase Program.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Jun. 30, 2024
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, RSUs, PSUs, 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 June 30, 2024, 17,018,890 shares and 5,352,623 shares of our common stock were reserved for future issuance under the 2021 Plan and ESPP. During the three months ended June 30, 2024, we began reissuing shares of our common stock from treasury stock to settle stock option exercises, vesting of RSUs, and ESPP purchases. Stock Options We grant stock options at prices equal to the grant date fair value. Typically, these stock options expire ten years from the grant date and vest ratably over a four-year service period. Stock option activity for the six months ended June 30, 2024 was as follows: Number of Weighted- Weighted- Aggregate Balance—December 31, 2023 11,165,138 $ 7.03 5.22 $ 142,444 Exercised (1,686,789) 3.27 Canceled (85,343) 14.25 Balance—June 30, 2024 9,393,006 $ 7.64 5.12 $ 18,655 Options vested 8,390,995 $ 6.57 4.79 $ 18,655 RSUs and PSUs RSU grants have a service-based vesting condition, which is satisfied generally either (i) over four years with a 25% cliff vesting period after one year and 6.25% vesting each quarter thereafter for new hires, or (ii) over four years with 6.25% vesting each quarter for new grants to existing employees. The related stock-based compensation expense is recognized on a straight-line basis over the requisite service period. In March 2024, we granted PSUs to certain executives under the 2021 Plan. PSU grants have both performance and service-based vesting conditions. The ultimate number of units that will vest is determined based on the achievement of annual revenue against a pre-established target (with defined threshold and maximum amounts ranging from 50% to 150% of target). If annual revenue is below the threshold amount, none of the PSUs will vest. If annual revenue is equal to or exceeds the threshold amount, 25% of the PSUs ultimately granted will vest after one year, and the remaining PSUs will vest quarterly (6.25%) over the subsequent three years. The fair value of each unit is determined on the grant date, and the related stock-based compensation expense is recognized using the accelerated attribution method. We evaluate the vesting conditions on a quarterly basis and recognize stock-based compensation expense if the achievement of the performance condition is probable. RSU and PSU activity for the six months ended June 30, 2024 was as follows: RSUs PSUs Number of Weighted-Average Aggregate Number of Weighted-Average Aggregate Unvested balance—December 31, 2023 18,361,046 $ 15.24 $ 355,653 — $ — $ — Granted (1) 6,351,515 13.35 300,416 14.36 Vested (4,036,128) 16.06 — Forfeited (1,555,099) 14.82 — Unvested balance—June 30, 2024 19,121,334 $ 14.47 $ 136,909 300,416 $ 14.36 $ 2,151 (1) For PSUs, the amount presented as the number of units granted is based on the performance condition being achieved at the target level. Once the performance period is complete, the number of units that will vest may range from 0% to 150% of the target amount based on actual performance. Stock-Based Compensation Expense Stock-based compensation expense is classified in the Condensed Consolidated Statements of Operations (Unaudited) as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of revenue $ 710 $ 914 $ 1,369 $ 1,791 Research and development 10,873 13,303 21,874 26,768 Sales and marketing 8,520 7,499 16,442 15,856 General and administrative 9,913 7,609 18,188 15,240 Restructuring related charges — (17) — (5,605) Total $ 30,016 $ 29,308 $ 57,873 $ 54,050 We capitalized $2,256 and $2,294 of stock-based compensation related to our internal-use software during the three months ended June 30, 2024 and 2023 and $4,090 and $3,605 during the six months ended June 30, 2024 and 2023. The table below presents unrecognized employee compensation cost related to unvested shares and the weighted-average period over which it is expected to be recognized as of June 30, 2024: June 30, 2024 Unrecognized employee compensation cost related to unvested shares Weighted-average period over which the compensation is expected to be recognized RSUs $ 239,047 2.6 Common stock options 9,496 2.0 ESPP Rights 8,141 1.1 PSUs 3,134 1.9 Common Stock Reserved for Issuance The following table presents total shares of our common stock reserved for future issuance: June 30, 2024 December 31, 2023 RSUs outstanding 19,121,334 18,361,046 Stock options outstanding 9,393,006 11,165,138 PSUs outstanding 300,416 — Shares available for future grants 22,371,513 16,913,085 Total shares of common stock reserved 51,186,269 46,439,269 401(k) Plan We have a 401(k) savings plan that provides for a discretionary employer-matching contribution. We made matching contributions of $530 and $604 to the plan for the three months ended June 30, 2024 and 2023 and $1,384 and $1,460 for the six months ended June 30, 2024 and 2023.

Related-Party Transaction

Related-Party Transaction	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related-Party Transaction	RELATED-PARTY TRANSACTIONS We have a content sourcing agreement with DeepLearning.AI Corp (“DeepLearning.AI”), which was entered into in the normal course of business and under standard terms. Dr. Andrew Ng, one of our co-founders and Chairman of our board of directors, owns DeepLearning.AI. Content fees earned by DeepLearning.AI during the three months ended June 30, 2024 and 2023 were $2,131 and $1,812. Content fees earned by DeepLearning.AI during the six months ended June 30, 2024 and 2023 were $4,440 and $3,505. Content fees earned by DeepLearning.AI were recorded within cost of revenue in the Condensed Consolidated Statements of Operations (Unaudited). As of June 30, 2024 and December 31, 2023, outstanding educator partner payables related to this content sourcing agreement were $2,131 and $3,895.

Segment and Geographic Informat

Segment and Geographic Information	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment and Geographic Information	SEGMENT AND GEOGRAPHIC INFORMATION Segment Information Our chief operating decision maker (“CODM”) is our Chief Executive Officer. For the purposes of allocating resources and assessing performance, the CODM examines three segments, which relate to our three revenue sources: Consumer, Enterprise, and Degrees. This is also consistent with how we disaggregate revenue. Financial information for each reportable segment was as follows: Three Months Ended June 30, Six Months Ended June 30, Revenue 2024 2023 2024 2023 Consumer $ 97,312 $ 86,999 $ 194,055 $ 169,028 Enterprise 58,727 54,180 116,221 106,353 Degrees 14,298 12,523 29,129 25,963 Total revenue $ 170,337 $ 153,702 $ 339,405 $ 301,344 Segment gross profit Consumer $ 52,350 $ 45,117 $ 104,124 $ 89,734 Enterprise 39,864 38,676 78,994 73,646 Degrees 14,298 12,523 29,129 25,963 Total segment gross profit $ 106,512 $ 96,316 $ 212,247 $ 189,343 Reconciliation of segment gross profit to gross profit Platform and support costs $ 9,866 $ 10,977 $ 19,629 $ 20,749 Stock-based compensation expense 710 914 1,369 1,791 Amortization of internal-use software 4,593 4,043 9,379 8,264 Amortization of intangible assets 1,168 681 2,198 1,370 Total reconciling items 16,337 16,615 32,575 32,174 Gross profit $ 90,175 $ 79,701 $ 179,672 $ 157,169 Geographic Information Revenue The following table summarizes the revenue by region based on the billing address of our customers: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 United States $ 91,157 $ 81,713 $ 183,576 $ 160,222 Europe, Middle East, and Africa 40,172 37,658 79,321 74,665 Asia Pacific 21,421 19,741 42,501 38,339 Other 17,587 14,590 34,007 28,118 Total $ 170,337 $ 153,702 $ 339,405 $ 301,344 No single country other than the United States represented 10% or more of our total revenue during the three and six months ended June 30, 2024 and 2023. 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: June 30, 2024 December 31, 2023 United States $ 34,279 $ 34,047 Rest of World 781 1,100 Total $ 35,060 $ 35,147

Restructuring Related Charges

Restructuring Related Charges	6 Months Ended
	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring Related Charges	RESTRUCTURING RELATED CHARGES We have been reducing our expenses, focusing our efforts, and prioritizing investments in key initiatives that are expected to drive long-term, sustainable growth. During the six months ended June 30, 2023 we recognized a reversal of stock-based compensation expense of approximately $5.6 million, resulting from the forfeiture of RSUs and stock options associated with our November 2022 global workforce reduction. In January 2024, we implemented a plan to restructure our Enterprise segment sales force and recognized an immaterial amount of restructuring related charges during the three months ended June 30, 2024 and $2.1 million during the six months ended June 30, 2024. Related cash payments were approximately the same for each period and are reflected as cash used in operating activities within our Condensed Consolidated Statements of Cash Flows (Unaudited). Remaining unpaid expenses relating to this restructuring are not material as of June 30, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net loss	$ (22,974)	$ (31,743)	$ (44,230)	$ (64,107)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Amanda Clark [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On June 12, 2024, Amanda Clark entered into a Rule 10b5-1 trading arrangement that provides for the sale of up to (i) 10,896 shares subject to the vesting of RSUs. This trading arrangement expires on May 23, 2025, or upon the earlier completion of all authorized sales.
Name	Amanda Clark
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	June 12, 2024
Arrangement Duration	270 days
Andrew Ng [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On June 13, 2024, Andrew Ng entered into a Rule 10b5-1 trading arrangement that provides for the sale of up to 455,000 shares of our common stock. This trading arrangement expires on March 19, 2025, or upon the earlier completion of all authorized sales.
Name	Andrew Ng
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	June 13, 2024
Arrangement Duration	270 days
Amanda Clark Trading Arrangement, Restricted Stock Units [Member] | Amanda Clark [Member]
Trading Arrangements, by Individual
Aggregate Available	10,896
Andrew Ng Trading Arrangement, Stock Options [Member] | Andrew Ng [Member]
Trading Arrangements, by Individual
Aggregate Available	455,000

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements (Policies)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reporting Segments	Reporting Segments We conduct our operations through three reporting segments: Consumer, Enterprise, and Degrees. Refer to Note 13 for additional information.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying Condensed Consolidated Financial Statements (Unaudited) 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 Condensed Consolidated Financial Statements (Unaudited) 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. The results of operations for the three and six months ended June 30, 2024 are not necessarily indicative of the results to be expected for the year ending December 31, 2024 or for any other interim period or for any other future year. These Condensed Consolidated Financial Statements (Unaudited) 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, 2023, which was filed with the SEC on February 22, 2024 (“Form 10-K”).
Principles of Consolidation	Principles of Consolidation
Reporting Segments	Reporting Segments We conduct our operations through three reporting segments: Consumer, Enterprise, and Degrees. Refer to Note 13 for additional information.
Use of Estimates	Use of Estimates The preparation of the Condensed Consolidated Financial Statements (Unaudited) 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 Condensed Consolidated Financial Statements (Unaudited), 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, judgments, 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; loss contingencies and potential recoveries; 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 Condensed Consolidated Financial Statements (Unaudited).
Concentration of Credit Risk	Concentrations of 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. For the purpose of assessing the concentration of credit risk with respect to accounts receivable and significant customers, we treat a group of customers under common control or customers that are affiliates of each other as a single customer. For the three and six months ended June 30, 2024 and 2023, we did not have any customers that accounted for more than 10% of our revenue. As of June 30, 2024, we did not have any customers that accounted for more than 10% of our net accounts receivable balance. Our business model relies on educational content and credentialing programs from educator partners. Our largest educator partner has global brand recognition and supplies a variety of in-demand content across multiple domains. The loss of or significant reduction in this partnership or one of our other large partners could have a material adverse effect on our financial position, results of operations, and cash flows. Treasury Stock We record repurchases of our common stock as treasury stock, at cost. Incremental direct costs to repurchase our shares of common stock, including excise tax, are included in the cost of the shares acquired. We use the average cost method to account for reissuances of our treasury stock. For shares of treasury stock reissued at a price higher than its cost, the gain is recorded to additional paid-in capital. For shares of treasury stock issued at a price lower than its cost, the loss is recorded to additional paid-in capital to the extent there are previous net gains included in the account. Only once there is no additional paid-in capital will losses in excess of previous net gains be recorded to accumulated deficit. Loss Contingencies
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently Issued Accounting Pronouncements Not Yet Adopted In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires public entities to disclose information about their reportable segments’ significant expenses and certain other segment items on an interim and annual basis if they are regularly provided to the chief operating decision maker (“CODM”). This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied retrospectively to all prior periods presented. Upon transition, the segment expense categories and amounts disclosed in the prior periods should be based on the significant segment expense categories identified and disclosed in the period of adoption. We expect that the adoption of ASU 2023-07 will not have a material impact on our Condensed Consolidated Financial Statements (Unaudited) and related disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which requires public entities on an annual basis to disclose (1) specific categories in the tax rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. This ASU is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied on a prospective basis, though retrospective application is permitted. We are currently evaluating whether the adoption of ASU 2023-09 will have a material impact on our Condensed Consolidated Financial Statements (Unaudited) and related disclosures. In March 2024, the SEC adopted final rules under SEC Release No. 33-11275, The Enhancement and Standardization of Climate-Related Disclosures for Investors , which requires public entities to provide certain climate-related information in their annual reports and registration statements. The rules will require disclosure of material climate-related risks, how the board of directors and management oversee and manage such risks, and the actual and potential impact of such risks on the company. It will also require disclosure about material climate-related targets and goals, and the financial impact of severe weather events an

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Contract Assets and Liabilities	Contract assets and liabilities were as follows: June 30, 2024 December 31, 2023 January 1, 2023 Contract assets: Billed accounts receivable, net of allowance for credit losses $ 50,781 $ 62,407 $ 45,337 Unbilled accounts receivable 6,953 5,011 8,397 Total contract assets $ 57,734 $ 67,418 $ 53,734 Contract liabilities: Deferred revenue $ 158,451 $ 140,089 $ 118,777 Total contract liabilities $ 158,451 $ 140,089 $ 118,777
Schedule of Capitalized Contract Cost	The following table presents our capitalization and amortization of commissions and related payroll tax expenditures recorded within sales and marketing in the Condensed Consolidated Financial Statements (Unaudited): Three Months Ended June 30, Six Months Ended June 30, Commissions and related payroll tax expenditures: 2024 2023 2024 2023 Capitalization $ 3,823 $ 4,726 $ 5,096 $ 7,698 Amortization $ 3,753 $ 2,933 $ 7,402 $ 5,614
Schedule of Deferred Costs, Net and Other Assets Disclosure	Deferred commissions and related payroll tax expenditures included in deferred costs and in other assets were as follows: June 30, 2024 December 31, 2023 Deferred costs, net $ 12,875 $ 13,168 Other assets $ 13,348 $ 15,361

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2024
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: June 30, 2024 December 31, 2023 Amortized Fair Amortized Fair Cash equivalents—money market funds $ 197,581 $ 197,581 $ 186,396 $ 186,396 Cash equivalents—U.S. Treasury securities 491,561 491,561 448,447 448,525 Total cash equivalents 689,142 689,142 634,843 634,921 Marketable securities—U.S. Treasury securities — — 65,765 65,746 Total $ 689,142 $ 689,142 $ 700,608 $ 700,667

Consolidated Balance Sheet Co_2

Consolidated Balance Sheet Components (Tables)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Property, Equipment and Software, Net	Property, equipment, and software, net consisted of the following: June 30, 2024 December 31, 2023 Internal-use software and website development $ 86,544 $ 73,881 Computer equipment and purchased software 4,732 4,405 Leasehold improvements 6,923 6,923 Furniture and fixtures 2,757 2,757 Total property, equipment, and software 100,956 87,966 Less accumulated depreciation and amortization (67,888) (57,558) Property, equipment, and software, net $ 33,068 $ 30,408
Schedule of Depreciation and Amortization Expense	The following table presents depreciation and amortization expense related to property, equipment, and software as well as the portion of amortization expense related to internal-use software and website development that is recorded within cost of revenue in the Condensed Consolidated Statements of Operations (Unaudited): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Depreciation and amortization expense $ 5,101 $ 4,650 $ 10,427 $ 9,472 Amortization expense for internal-use software and website development 4,593 4,043 9,379 8,264
Schedule of Intangible Assets, Net	Intangible assets, net consisted of the following: June 30, 2024 December 31, 2023 Gross Accumulated Net Gross Accumulated Net Content assets $ 18,413 $ (5,055) $ 13,358 $ 12,982 $ (3,558) $ 9,424 Developed technology 8,446 (6,851) 1,595 8,446 (6,150) 2,296 Intangible assets $ 26,859 $ (11,906) $ 14,953 $ 21,428 $ (9,708) $ 11,720
Schedule of Capitalization of Content Assets and Amortization Expense for Intangible Assets	Capitalization of content assets and amortization expense for intangible assets was as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Capitalization of content assets $ 3,511 $ 1,390 $ 5,431 $ 1,996 Amortization expense for intangible assets $ 1,168 $ 681 $ 2,198 $ 1,370
Schedule of Future Expected Amortization Expense for Intangible Assets	As of June 30, 2024, future expected amortization expense for intangible assets was as follows: Remainder of 2024 $ 2,802 2025 5,321 2026 2,726 2027 1,929 2028 1,633 Thereafter 542 Total $ 14,953
Schedule of Cash and Cash Equivalents	The reconciliation of cash, cash equivalents, and restricted cash was as follows: June 30, 2024 December 31, 2023 Cash and cash equivalents $ 708,761 $ 656,321 Restricted cash, current 1,574 — Restricted cash, non-current 193 1,765 Total cash, cash equivalents, and restricted cash $ 710,528 $ 658,086

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net loss $ (22,974) $ (31,743) $ (44,230) $ (64,107) Denominator: Weighted-average shares used in computing net loss per share—basic and diluted 156,292,508 150,262,064 156,335,959 149,621,816 Net loss per share—basic and diluted $ (0.15) $ (0.21) $ (0.28) $ (0.43)
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 and Six Months Ended June 30, 2024 2023 Restricted stock units (“RSUs”) 19,121,334 22,358,430 Common stock options 9,393,006 14,874,208 Performance stock units (“PSUs”) 300,416 — ESPP stock purchase rights (“ESPP Rights”) 199,814 122,467 Total 29,014,570 37,355,105

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2024
Retirement Benefits [Abstract]
Schedule of Stock Option Activity	Stock option activity for the six months ended June 30, 2024 was as follows: Number of Weighted- Weighted- Aggregate Balance—December 31, 2023 11,165,138 $ 7.03 5.22 $ 142,444 Exercised (1,686,789) 3.27 Canceled (85,343) 14.25 Balance—June 30, 2024 9,393,006 $ 7.64 5.12 $ 18,655 Options vested 8,390,995 $ 6.57 4.79 $ 18,655
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity	RSU and PSU activity for the six months ended June 30, 2024 was as follows: RSUs PSUs Number of Weighted-Average Aggregate Number of Weighted-Average Aggregate Unvested balance—December 31, 2023 18,361,046 $ 15.24 $ 355,653 — $ — $ — Granted (1) 6,351,515 13.35 300,416 14.36 Vested (4,036,128) 16.06 — Forfeited (1,555,099) 14.82 — Unvested balance—June 30, 2024 19,121,334 $ 14.47 $ 136,909 300,416 $ 14.36 $ 2,151
Schedule of Stock-Based Compensation Expense in the Consolidated Statements of Operations	Stock-based compensation expense is classified in the Condensed Consolidated Statements of Operations (Unaudited) as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of revenue $ 710 $ 914 $ 1,369 $ 1,791 Research and development 10,873 13,303 21,874 26,768 Sales and marketing 8,520 7,499 16,442 15,856 General and administrative 9,913 7,609 18,188 15,240 Restructuring related charges — (17) — (5,605) Total $ 30,016 $ 29,308 $ 57,873 $ 54,050
Schedule of Shares of Common Stock Reserved for Future Issuance	The following table presents total shares of our common stock reserved for future issuance: June 30, 2024 December 31, 2023 RSUs outstanding 19,121,334 18,361,046 Stock options outstanding 9,393,006 11,165,138 PSUs outstanding 300,416 — Shares available for future grants 22,371,513 16,913,085 Total shares of common stock reserved 51,186,269 46,439,269

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Financial Information for Each Reportable Segment	inancial information for each reportable segment was as follows: Three Months Ended June 30, Six Months Ended June 30, Revenue 2024 2023 2024 2023 Consumer $ 97,312 $ 86,999 $ 194,055 $ 169,028 Enterprise 58,727 54,180 116,221 106,353 Degrees 14,298 12,523 29,129 25,963 Total revenue $ 170,337 $ 153,702 $ 339,405 $ 301,344 Segment gross profit Consumer $ 52,350 $ 45,117 $ 104,124 $ 89,734 Enterprise 39,864 38,676 78,994 73,646 Degrees 14,298 12,523 29,129 25,963 Total segment gross profit $ 106,512 $ 96,316 $ 212,247 $ 189,343 Reconciliation of segment gross profit to gross profit Platform and support costs $ 9,866 $ 10,977 $ 19,629 $ 20,749 Stock-based compensation expense 710 914 1,369 1,791 Amortization of internal-use software 4,593 4,043 9,379 8,264 Amortization of intangible assets 1,168 681 2,198 1,370 Total reconciling items 16,337 16,615 32,575 32,174 Gross profit $ 90,175 $ 79,701 $ 179,672 $ 157,169
Schedule of Revenue by Region Based on Billing Address	The following table summarizes the revenue by region based on the billing address of our customers: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 United States $ 91,157 $ 81,713 $ 183,576 $ 160,222 Europe, Middle East, and Africa 40,172 37,658 79,321 74,665 Asia Pacific 21,421 19,741 42,501 38,339 Other 17,587 14,590 34,007 28,118 Total $ 170,337 $ 153,702 $ 339,405 $ 301,344
Schedule of Long-lived Assets by Geographic Region	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: June 30, 2024 December 31, 2023 United States $ 34,279 $ 34,047 Rest of World 781 1,100 Total $ 35,060 $ 35,147

Basis of Presentation and Des_2

Basis of Presentation and Description of Business - Additional Information (Details)	6 Months Ended
	Jun. 30, 2024 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	3

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jan. 01, 2023
Contract assets:
Billed accounts receivable, net of allowance for credit losses	$ 50,781	$ 62,407	$ 45,337
Unbilled accounts receivable	6,953	5,011	8,397
Total contract assets	57,734	67,418	53,734
Contract liabilities:
Deferred revenue	158,451	140,089	118,777
Total contract liabilities	$ 158,451	$ 140,089	$ 118,777

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue Recognized			$ 108,535	$ 89,329
Contract cost impairment loss	$ 0	$ 0	0	$ 0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Disaggregation of Revenue [Line Items]
Remaining performance obligation	$ 323,372		$ 323,372
Percent of remaining performance obligations to be recognized	69%		69%
Period for satisfaction of remaining performance obligation	12 months		12 months

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Capitalized Contract Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Capitalization	$ 3,823	$ 4,726	$ 5,096	$ 7,698
Amortization	$ 3,753	$ 2,933	$ 7,402	$ 5,614

Revenue Recognition - Schedul_3

Revenue Recognition - Schedule of Deferred Costs, Net and Other Assets Disclosure (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Deferred costs, net	$ 12,875	$ 13,168
Other assets	$ 13,348	$ 15,361

Investments - Summary of Availa

Investments - Summary of Available-for-Sale Marketable Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	$ 689,142	$ 700,608
Fair Value - Level 1	689,142	700,667
Marketable securities—U.S. Treasury securities
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	0	65,765
Fair Value - Level 1	0	65,746
Cash and Cash Equivalents
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	689,142	634,843
Fair Value - Level 1	689,142	634,921
Cash and Cash Equivalents | Cash equivalents—money market funds
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	197,581	186,396
Fair Value - Level 1	197,581	186,396
Cash and Cash Equivalents | Marketable securities—U.S. Treasury securities
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	491,561	448,447
Fair Value - Level 1	$ 491,561	$ 448,525

Investments - Additional Inform

Investments - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Credit or non credit impairment charges	$ 0	$ 0	$ 0	$ 0

Consolidated Balance Sheet Co_3

Consolidated Balance Sheet Components - Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 708,761	$ 656,321
Restricted cash, current	1,574	0
Restricted cash, non-current	193	1,765
Total cash, cash equivalents, and restricted cash	$ 710,528	$ 658,086	$ 364,541	$ 322,878

Consolidated Balance Sheet Co_4

Consolidated Balance Sheet Components - Schedule of Property, Equipment and Software, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property Plant And Equipment [Line Items]
Total property, equipment, and software	$ 100,956	$ 87,966
Less accumulated depreciation and amortization	(67,888)	(57,558)
Property, equipment, and software, net	33,068	30,408
Internal-use software and website development
Property Plant And Equipment [Line Items]
Total property, equipment, and software	86,544	73,881
Computer equipment and purchased software
Property Plant And Equipment [Line Items]
Total property, equipment, and software	4,732	4,405
Leasehold improvements
Property Plant And Equipment [Line Items]
Total property, equipment, and software	6,923	6,923
Furniture and fixtures
Property Plant And Equipment [Line Items]
Total property, equipment, and software	$ 2,757	$ 2,757

Consolidated Balance Sheet Co_5

Consolidated Balance Sheet Components - Schedule of Depreciation and Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Property Plant And Equipment [Line Items]
Depreciation and amortization expense			$ 12,625	$ 10,842
Amortization expense for internal-use software and website development	$ 1,168	$ 681	2,198	1,370
Property, Equipment and Software
Property Plant And Equipment [Line Items]
Depreciation and amortization expense	5,101	4,650	10,427	9,472
Software and Website Development
Property Plant And Equipment [Line Items]
Amortization expense for internal-use software and website development	$ 4,593	$ 4,043	$ 9,379	$ 8,264

Consolidated Balance Sheet Co_6

Consolidated Balance Sheet Components - Schedule of Intangible Assets, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 26,859	$ 21,428
Accumulated Amortization	(11,906)	(9,708)
Net Carrying Value	14,953	11,720
Content assets
Finite Lived Intangible Assets [Line Items]
Gross Carrying Value	18,413	12,982
Accumulated Amortization	(5,055)	(3,558)
Net Carrying Value	13,358	9,424
Developed technology
Finite Lived Intangible Assets [Line Items]
Gross Carrying Value	8,446	8,446
Accumulated Amortization	(6,851)	(6,150)
Net Carrying Value	$ 1,595	$ 2,296

Consolidated Balance Sheet Co_7

Consolidated Balance Sheet Components - Schedule of Capitalization of Content Assets and Amortization Expense for Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Finite Lived Intangible Assets [Line Items]
Amortization expense for intangible assets	$ 1,168	$ 681	$ 2,198	$ 1,370
Content assets
Finite Lived Intangible Assets [Line Items]
Capitalization of content assets	$ 3,511	$ 1,390	$ 5,431	$ 1,996

Consolidated Balance Sheet Co_8

Consolidated Balance Sheet Components - Schedule of Future Expected Amortization Expense for Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Remainder of 2024	$ 2,802
2025	5,321
2026	2,726
2027	1,929
2028	1,633
Thereafter	542
Net Carrying Value	$ 14,953	$ 11,720

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Sublease income	$ 680	$ 680	$ 1,360	$ 1,360

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Effective tax rate	4.70%	5.30%	4.30%	5%

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net loss	$ (22,974)	$ (31,743)	$ (44,230)	$ (64,107)
Denominator:
Weighted-average shares used in computing net loss per share - basic (in shares)	156,292,508	150,262,064	156,335,959	149,621,816
Weighted-average shares used in computing net loss per share - diluted (in shares)	156,292,508	150,262,064	156,335,959	149,621,816
Net loss per share - basic (in dollars per share)	$ (0.15)	$ (0.21)	$ (0.28)	$ (0.43)
Net loss per share - diluted (in dollars per share)	$ (0.15)	$ (0.21)	$ (0.28)	$ (0.43)

Net Loss Per Share - Schedule_2

Net Loss Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of dilutive earnings per share (in shares)	29,014,570	37,355,105	29,014,570	37,355,105
Restricted stock units (“RSUs”)
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of dilutive earnings per share (in shares)	19,121,334	22,358,430	19,121,334	22,358,430
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)	9,393,006	14,874,208	9,393,006	14,874,208
Performance Shares
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of dilutive earnings per share (in shares)	300,416	0		0
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)	199,814	122,467	199,814	122,467

Commitments and Contingencies (

Commitments and Contingencies (Details)	1 Months Ended		3 Months Ended	6 Months Ended
	Jun. 30, 2024 USD ($) claimant	Nov. 30, 2023 USD ($) claimant	Jun. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)
Loss Contingencies [Line Items]
Non-cancelable purchase obligations	$ 15,160,000		$ 15,160,000	$ 15,160,000
Legal fees			$ 1,259,000	$ 1,259,000
Iman Ghazizadeh, et al v. Coursera, Inc. | Threatened Litigation
Loss Contingencies [Line Items]
Number of claimants | claimant		30,000
Maximum amount of damages sought per claimant		$ 2,500
Iman Ghazizadeh, et al v. Coursera, Inc. | Settled Litigation
Loss Contingencies [Line Items]
Number of claimants | claimant	7,300

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Apr. 26, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock repurchase program authorized amount					$ 95,000
Number of shares, repurchased (in shares)	2,668,017	4,520,293	3,099,800	4,520,293
Stock repurchased, value	$ 30,700	$ 54,500	$ 36,700	$ 54,500

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total shares of common stock reserved (in shares)	51,186,269		51,186,269		46,439,269
Compensation cost related to the nonvested awards not yet recognized	$ 9,496		$ 9,496
Weighted average period for recognition of compensation cost			2 years
Employer discretionary contribution amount	530	$ 604	$ 1,384	$ 1,460
Internal-use software and website development
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Cumulative stock-based compensation expense	$ 2,256	$ 2,294	$ 4,090	$ 3,605
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)	5,352,623		5,352,623
Compensation cost related to the nonvested awards not yet recognized	$ 8,141		$ 8,141
Weighted average period for recognition of compensation cost			1 year 1 month 6 days
2021 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total shares of common stock reserved (in shares)	17,018,890		17,018,890
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	$ 239,047		$ 239,047
Weighted average period for recognition of compensation cost			2 years 7 months 6 days
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%
Performance Shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation cost related to the nonvested awards not yet recognized	$ 3,134		$ 3,134
Weighted average period for recognition of compensation cost			1 year 10 months 24 days
Performance Shares | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award performance targets (percent)	50%		50%
Performance Shares | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award performance targets (percent)	150%		150%
Performance Shares | 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
Performance Shares | Share-Based Payment Arrangement, Tranche Two
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting rights percentage			625%
Cliff vesting period			3 years

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Stock Option Activity (Details) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares
Number of Shares
Number of shares, beginning balance (in shares)	11,165,138
Number of shares, ending balance (in shares)	9,393,006	11,165,138
Stock Options
Number of Shares
Number of shares, beginning balance (in shares)	11,165,138
Number of shares, exercised (in shares)	(1,686,789)
Number of shares, canceled (in shares)	(85,343)
Number of shares, ending balance (in shares)	9,393,006	11,165,138
Number of shares, options vested (in shares)	8,390,995
Weighted- Average Exercise Price
Weighted-average exercise price, beginning balance (in dollars per share) | $ / shares	$ 7.03
Weighted-average exercise price, exercised (in dollars per share) | $ / shares	3.27
Weighted-average exercise price, canceled (in dollars per share) | $ / shares	14.25
Weighted-average exercise price, ending balance (in dollars per share) | $ / shares	7.64	$ 7.03
Weighted-average exercise price, options vested (in dollars per share) | $ / shares	$ 6.57
Weighted-average remaining contractual term, balance	5 years 1 month 13 days	5 years 2 months 19 days
Weighted-average remaining contractual term, options vested	4 years 9 months 14 days
Aggregate intrinsic value | $	$ 18,655	$ 142,444
Aggregate intrinsic value, options vested | $	$ 18,655

Employee Benefit Plans - Sche_2

Employee Benefit Plans - Schedule of Share-based Compensation, Restricted Stock Units Award Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Restricted Stock Units
Number of Units
Number of shares, unvested beginning balance (in shares)	18,361,046
Number of shares, granted (in shares)	6,351,515
Number of shares, vested (in shares)	(4,036,128)
Number of shares, forfeited (in shares)	(1,555,099)
Number of shares, unvested ending balance (in shares)	19,121,334
Weighted-Average Grant Date Fair Value
Weighted-average grant date fair value, unvested beginning balance (in dollars per share)	$ 15.24
Weighted-average grant date fair value, granted (in dollars per share)	13.35
Weighted-average grant date fair value, vested (in dollars per share)	16.06
Weighted-average grant date fair value, forfeited (in dollars per share)	14.82
Weighted-average grant date fair value, unvested ending balance (in dollars per share)	$ 14.47
Aggregate intrinsic value, unvested balance	$ 136,909	$ 355,653
Performance Shares
Number of Units
Number of shares, unvested beginning balance (in shares)	0
Number of shares, granted (in shares)	300,416
Number of shares, vested (in shares)	0
Number of shares, forfeited (in shares)	0
Number of shares, unvested ending balance (in shares)	300,416
Weighted-Average Grant Date Fair Value
Weighted-average grant date fair value, unvested beginning balance (in dollars per share)	$ 0
Weighted-average grant date fair value, granted (in dollars per share)	14.36
Weighted-average grant date fair value, vested (in dollars per share)
Weighted-average grant date fair value, forfeited (in dollars per share)
Weighted-average grant date fair value, unvested ending balance (in dollars per share)	$ 14.36
Aggregate intrinsic value, unvested balance	$ 2,151	$ 0
Performance Shares | Maximum
Weighted-Average Grant Date Fair Value
Performance period target level (percent)	150%
Performance Shares | Minimum
Weighted-Average Grant Date Fair Value
Performance period target level (percent)	0%

Employee Benefit Plans - Sche_3

Employee Benefit Plans - Schedule of Stock-Based Compensation Expense in the Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total	$ 30,016	$ 29,308	$ 57,873	$ 54,050
Internal-use software and website development
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Cumulative stock-based compensation expense	2,256	2,294	4,090	3,605
Cost of revenue
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total	710	914	1,369	1,791
Research and development
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total	10,873	13,303	21,874	26,768
Sales and marketing
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total	8,520	7,499	16,442	15,856
General and administrative
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total	9,913	7,609	18,188	15,240
Restructuring related charges
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total	$ 0	$ (17)	$ 0	$ (5,605)

Employee Benefit Plans - Sche_4

Employee Benefit Plans - Schedule of Shares of Common Stock Reserved for Future Issuance (Details) - shares	Jun. 30, 2024	Dec. 31, 2023
Retirement Benefits [Abstract]
Stock options outstanding (in shares)	9,393,006	11,165,138
RSUs outstanding (in shares)	19,121,334	18,361,046
PSUs outstanding	300,416	0
Shares available for future grants (in shares)	22,371,513	16,913,085
Total shares of common stock reserved	51,186,269	46,439,269

Related-Party Transaction (Deta

Related-Party Transaction (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Educator partners payable	$ 100,919		$ 100,919		$ 101,041
Content Sourcing Agreement | Related Party
Related Party Transaction [Line Items]
Related party content fees	2,131	$ 1,812	4,440	$ 3,505
Educator partners payable	$ 2,131		$ 2,131		$ 3,895

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Details)	6 Months Ended
	Jun. 30, 2024 segment
Segment Reporting [Abstract]
Number of segments	3

Segment and Geographic Inform_4

Segment and Geographic Information - Schedule of Financial Information for Each Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue
Total revenue	$ 170,337	$ 153,702	$ 339,405	$ 301,344
Segment gross profit
Total segment gross profit	90,175	79,701	179,672	157,169
Amortization expense for internal-use software and website development	1,168	681	2,198	1,370
Total reconciling items	80,162	74,001	159,733	144,175
Operating Segments
Segment gross profit
Total segment gross profit	106,512	96,316	212,247	189,343
Segment Reconciling Items
Segment gross profit
Platform and support costs	9,866	10,977	19,629	20,749
Stock-based compensation expense	710	914	1,369	1,791
Total reconciling items	16,337	16,615	32,575	32,174
Amortization of internal-use software | Segment Reconciling Items
Segment gross profit
Amortization expense for internal-use software and website development	4,593	4,043	9,379	8,264
Amortization of intangible assets | Segment Reconciling Items
Segment gross profit
Amortization expense for internal-use software and website development	1,168	681	2,198	1,370
Consumer
Revenue
Total revenue	97,312	86,999	194,055	169,028
Consumer | Operating Segments
Segment gross profit
Total segment gross profit	52,350	45,117	104,124	89,734
Enterprise
Revenue
Total revenue	58,727	54,180	116,221	106,353
Enterprise | Operating Segments
Segment gross profit
Total segment gross profit	39,864	38,676	78,994	73,646
Degrees
Revenue
Total revenue	14,298	12,523	29,129	25,963
Degrees | Operating Segments
Segment gross profit
Total segment gross profit	$ 14,298	$ 12,523	$ 29,129	$ 25,963

Segment and Geographic Inform_5

Segment and Geographic Information - Schedule of Revenue by Region Based on Billing Address (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Total	$ 170,337	$ 153,702	$ 339,405	$ 301,344
United States
Segment Reporting Information [Line Items]
Total	91,157	81,713	183,576	160,222
Europe, Middle East, and Africa
Segment Reporting Information [Line Items]
Total	40,172	37,658	79,321	74,665
Asia Pacific
Segment Reporting Information [Line Items]
Total	21,421	19,741	42,501	38,339
Other
Segment Reporting Information [Line Items]
Total	$ 17,587	$ 14,590	$ 34,007	$ 28,118

Segment and Geographic Inform_6

Segment and Geographic Information - Schedule of Long-lived Assets by Geographic Region (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total	$ 35,060	$ 35,147
United States
Segment Reporting Information [Line Items]
Total	34,279	34,047
Rest of World
Segment Reporting Information [Line Items]
Total	$ 781	$ 1,100

Restructuring Related Charges (

Restructuring Related Charges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Restructuring Cost and Reserve [Line Items]
Reversal of stock-based compensation expense	$ 30,016	$ 29,308	$ 57,873	$ 54,050
Restructuring related charges	$ 44	$ (147)	$ 2,145	(5,806)
Restricted Stock Units and Options
Restructuring Cost and Reserve [Line Items]
Reversal of stock-based compensation expense				$ 5,600