Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Total revenue | 945.7 | 774.5 | 574.7 | 411.8 | 286.8 | 205.9 | 150.2 | 110.2 |
| Total revenue growth | 22.1% | 34.8% | 39.6% | 43.6% | 39.3% | 37.1% | 36.2% | 32.6% |
| Costs and expenses | | | | | | | | |
| Curriculum and teaching | 130.8 | 108.0 | 63.3 | 23.3 | 6.6 | | | |
| Servicing and support | 138.5 | 125.9 | 98.9 | 67.2 | 50.8 | 41.0 | 32.0 | 26.9 |
| Technology and content development | 179.1 | 155.9 | 115.5 | 63.8 | 45.9 | 33.3 | | |
| Marketing and sales | 456.1 | 390.2 | 342.4 | 221.0 | 150.9 | 106.6 | 82.9 | 65.2 |
| General and administrative | 208.6 | 173.5 | 131.0 | 83.0 | 62.7 | 46.0 | 34.1 | 23.4 |
| Impairment charges | | | 70.4 | | | | | |
| Total costs and expenses | 1,113.1 | 953.5 | 821.4 | 458.3 | 316.9 | 226.9 | 176.3 | 138.1 |
| Loss from operations | -167.4 | -178.9 | -246.8 | -46.5 | -30.1 | -21.0 | -26.1 | -27.9 |
| Operating margin | -17.7% | -23.1% | -42.9% | -11.3% | -10.5% | -10.2% | -17.4% | -25.3% |
| Interest income | 1.5 | 1.4 | 5.8 | 5.2 | 0.4 | 0.4 | 0.2 | 0.1 |
| Interest expense | -51.2 | -27.3 | -13.4 | -0.1 | -0.1 | 0.0 | -0.6 | -1.2 |
| Other income (expense), net | 22.3 | -1.4 | -0.7 | -1.7 | -0.9 | | -0.3 | |
| Loss before income taxes | -196.0 | -218.0 | -255.1 | -43.2 | -30.7 | -20.7 | -26.7 | -29.0 |
| Income tax (expense) benefit | 1.2 | 1.5 | 19.9 | 4.9 | 1.3 | | | |
| Net loss | -194.8 | -216.5 | -235.2 | -38.3 | -29.4 | -20.7 | -26.7 | -29.0 |
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| Net loss per share, basic (in dollars per share) | ($2.61) | ($3.22) | ($3.83) | ($0.69) | ($0.60) | ($0.44) | ($0.63) | ($0.91) |
| Net loss per share, diluted (in dollars per share) | ($2.61) | ($3.22) | ($3.83) | ($0.69) | ($0.60) | ($0.44) | ($0.63) | ($0.91) |
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| Weighted-average shares of common stock outstanding, basic (in shares) | 74.6 | 67.1 | 61.4 | 55.8 | 49.1 | 46.6 | 42.4 | 32.1 |
| Weighted-average shares of common stock outstanding, diluted (in shares) | 74.6 | 67.1 | 61.4 | 55.8 | 49.1 | 46.6 | 42.4 | |
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| Other comprehensive loss | | | | | | | | |
| Foreign currency translation adjustments, net of tax of $0 for all periods presented | -6.1 | -3.0 | 1.7 | -13.8 | | | | |
| Comprehensive loss | -200.9 | -219.5 | -233.5 | -52.2 | -24.1 | -20.7 | -26.7 | |
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