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The Business of Online Education: Khan Academy Tax Returns Analysis (2008–2021)
Khan Academy has received $365M in donations and saw an important boost during the pandemic.
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Exploring edX’s “Final” Tax Returns: Revenue Surges, Losses Mount, and Contributions Decline
Analyzing edX’s latest tax returns offers valuable insights and context for its acquisition motivations.
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Udemy’s Last CEO Quietly Moves On: Joins a Tax & Compliance Company as CEO
When Class Central covered the Coursera-Udemy merger completion, Hugo Sarrazin’s role was unclear. Not anymore. He’s joining Avalara, a tax and compliance company, as CEO.
Here’s the thing. Neither an SEC filing nor a public post announced the departure of the 14-month CEO, which led Udemy to its first profitable year and the $2.5 billion all-stock merger.
The Quiet Exit
The Coursera-Udemy merger was completed on May 11, 2026. Coursera even released a completion 8-K once it was done.
Sarrazin,
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Miro Acquires Reforge: This Is Not an Edtech Deal
TL;DR
On the surface, Miro acquired an online learning platform. In reality, it acquired two founders, three AI products, and a team that shipped five products in nine months.
Reforge Learning stays as a standalone brand. But its Insights, Research, and Build solutions integrate into Miro’s platform.
Brian Balfour joins as Chief Growth Officer and Tom Willerer as Chief Strategy Officer.
When I first read that Miro acquired Reforge, I presumed Miro wanted to get into edtech. After all, M
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