Revenue recognition

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue recognition

3. Revenue recognition

Disaggregation of Revenue—The following table presents revenue disaggregated by product offering for each segment (in thousands):

	Fiscal Year Ended December 31,
	2025		2024		2023
Enterprise:
Subscription	$	521,493	$	491,444	$	419,369
Other	2,581		3,014		1,277
Enterprise revenue	$	524,074	$	494,458	$	420,646
Consumer:
Subscription	$	44,514	$	31,006	$	20,029
Transactional and other	221,256		261,101		288,262
Consumer revenue	$	265,770	$	292,107	$	308,291
Total revenue	$	789,844	$	786,565	$	728,937

Deferred revenue—Revenue recognized for the fiscal year ended December 31, 2025, from amounts included in deferred revenue as of December 31, 2024 was $286.1 million. Revenue recognized for the fiscal year ended December 31, 2024, from amounts included in deferred revenue as of December 31, 2023 was $270.7 million. Revenue recognized for the fiscal year ended December 31, 2023, from amounts included in deferred revenue as of December 31, 2022 was $268.3 million.

The below table presents a summary of deferred revenue balances by reportable segment (in thousands):

	December 31,		December 31,		December 31,		December 31,
	2025		2024		2023		2022
Deferred revenue:
Enterprise	$	243,771	$	233,466	$	220,127	$	219,030
Consumer	51,548		60,078		62,287		59,249
Total deferred revenue	$	295,319	$	293,544	$	282,414	$	278,279

Remaining performance obligations— Remaining performance obligations represent the aggregate amount of the transaction price in contracts for performance obligations not delivered, or partially undelivered, as of the end of the reporting period. Remaining performance obligations primarily relate to deferred revenue and unbilled revenue related to multi-year Enterprise subscription contracts with future installment billings, as well as unearned revenue from consumer single course purchases and subscriptions at the end of any given period. As of December 31, 2025, the aggregate transaction price for remaining performance obligations was $567.9 million, of which 72% is expected to be recognized over the next twelve months and the remainder thereafter.

Deferred contract costs— The following table represents a roll forward of the Company’s deferred contract costs (in thousands):

	Balance at Beginning of Period		Additions		Amortization Expense		Balance at End of Period
Fiscal Year Ended December 31, 2025	$	73,053	$	64,405	$	(65,540)	$	71,918
Fiscal Year Ended December 31, 2024	$	74,374	$	58,333	$	(59,654)	$	73,053
Fiscal Year Ended December 31, 2023	$	65,645	$	56,890	$	(48,161)	$	74,374