10-Q Filing

Zoom Communications, Inc. CIK: 1585521 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001585521-20-000154`
Period End Date	20200430
Filing Date	20200605
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	zm-20200430_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 36 Cash Flow Statement 77 Stockholders Equity 22 Comprehensive Income 6

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$283.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$488.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$629.79M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecurities`	$616.71M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecurities`	$572.06M	USD	Point-in-time
Accounts receivable, net of allowances of $11,990 and $7,634 as of April 30, 2020 and January 31, 2020, respectively	`AccountsReceivableNetCurrent`	$120.44M	USD	Point-in-time
Accounts receivable, net of allowances of $11,990 and $7,634 as of April 30, 2020 and January 31, 2020, respectively	`AccountsReceivableNetCurrent`	$257.51M	USD	Point-in-time
Deferred contract acquisition costs, current	`CapitalizedContractCostNetCurrent`	$44.88M	USD	Point-in-time
Deferred contract acquisition costs, current	`CapitalizedContractCostNetCurrent`	$84.05M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.63M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$336.02M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.99M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$75.01M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.10B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.78B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred contract acquisition costs, noncurrent	`CapitalizedContractCostNetNoncurrent`	$115.64M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Deferred contract acquisition costs, noncurrent	`CapitalizedContractCostNetNoncurrent`	$46.24M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$57.14M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$60.48M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$65.32M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$68.61M	USD	Point-in-time
Other assets, noncurrent	`OtherAssetsNoncurrent`	$22.33M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other assets, noncurrent	`OtherAssetsNoncurrent`	$43.31M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$2.07B	USD	Point-in-time
Total assets	`Assets`	$1.29B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.60M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$507.01M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$122.69M	USD	Point-in-time
Deferred revenue, current	`ContractWithCustomerLiabilityCurrent`	$523.25M	USD	Point-in-time
Deferred revenue, current	`ContractWithCustomerLiabilityCurrent`	$209.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$333.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.03B	USD	Point-in-time
Deferred revenue, noncurrent	`ContractWithCustomerLiabilityNoncurrent`	$28.60M	USD	Point-in-time
Deferred revenue, noncurrent	`ContractWithCustomerLiabilityNoncurrent`	$20.99M	USD	Point-in-time
Operating lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$62.99M	USD	Point-in-time
Operating lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$64.79M	USD	Point-in-time
Other liabilities, noncurrent	`OtherLiabilitiesNoncurrent`	$40.77M	USD	Point-in-time
Other liabilities, noncurrent	`OtherLiabilitiesNoncurrent`	$36.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.17B	USD	Point-in-time
Total liabilities	`Liabilities`	$455.90M	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value per share, 2,000,000,000 Class A shares authorized as of April 30, 2020 and January 31, 2020; 167,647,512 and 123,391,114 shares issued and outstanding as of April 30, 2020 and January 31, 2020, respectively; 300,000,000 Class B shares authorized as of April 30, 2020 and January 31, 2020; 114,344,499 and 155,336,747 shares issued and outstanding as of April 30, 2020 and January 31, 2020, respectively	`CommonStockValue`	$277.00K	USD	Point-in-time
Common stock, $0.001 par value per share, 2,000,000,000 Class A shares authorized as of April 30, 2020 and January 31, 2020; 167,647,512 and 123,391,114 shares issued and outstanding as of April 30, 2020 and January 31, 2020, respectively; 300,000,000 Class B shares authorized as of April 30, 2020 and January 31, 2020; 114,344,499 and 155,336,747 shares issued and outstanding as of April 30, 2020 and January 31, 2020, respectively	`CommonStockValue`	$280.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$872.24M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$832.71M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$809.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.89M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$27.23M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$152.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-7.44M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$901.63M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$833.94M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$719.73M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.07B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.29B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$121.99M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$328.17M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$103.71M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$24.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$97.88M	USD	1 Quarter
Gross profit	`GrossProfit`	$224.46M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$26.39M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.78M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$121.56M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$64.04M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$18.50M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$53.13M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$201.07M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$96.33M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.56M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$23.39M	USD	1 Quarter
Interest income and other, net	`InterestIncomeExpenseNonoperatingNet`	$973.00K	USD	1 Quarter
Interest income and other, net	`InterestIncomeExpenseNonoperatingNet`	$5.79M	USD	1 Quarter
Net income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$29.18M	USD	1 Quarter
Net income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.53M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$316.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.21M	USD	1 Quarter
Undistributed earnings attributable to participating securities	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$2.02M	USD	1 Quarter
Undistributed earnings attributable to participating securities	`UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic`	$39.00K	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$27.04M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$198.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	109.71M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	279.89M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	136.43M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	295.18M	shares	1 Quarter

Cash Flow Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$27.07M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.21M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$6.66M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$28.78M	USD	1 Quarter
Amortization of deferred contract acquisition costs	`AmortizationOfAcquisitionCosts`	$7.42M	USD	1 Quarter
Amortization of deferred contract acquisition costs	`AmortizationOfAcquisitionCosts`	$16.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.32M	USD	1 Quarter
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$3.87M	USD	1 Quarter
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$828.00K	USD	1 Quarter
Non-cash operating lease cost	`OperatingLeaseRightOfUseAssetAmortization`	$2.25M	USD	1 Quarter
Non-cash operating lease cost	`OperatingLeaseRightOfUseAssetAmortization`	$1.53M	USD	1 Quarter
Charitable donation of common stock	`DonationOfCommonStockToCharitableFoundation`	$1.00M	USD	1 Quarter
Charitable donation of common stock	`DonationOfCommonStockToCharitableFoundation`	-	USD	1 Quarter
Remeasurement gain on equity investment	`EquityMethodInvestmentRealizedGainLossOnRemeasurement`	-	USD	1 Quarter
Remeasurement gain on equity investment	`EquityMethodInvestmentRealizedGainLossOnRemeasurement`	$2.54M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$257.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$1.12M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$142.50M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$16.10M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.62M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$49.08M	USD	1 Quarter
Deferred contract acquisition costs	`IncreaseDecreaseInDeferredContractAcquisitionCosts`	$14.43M	USD	1 Quarter
Deferred contract acquisition costs	`IncreaseDecreaseInDeferredContractAcquisitionCosts`	$124.85M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.37M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.76M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$167.32M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$12.22M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$23.56M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$322.86M	USD	1 Quarter
Operating lease liabilities, net	`IncreaseDecreaseInOperatingLeaseLiabilitiesNet`	$287.00K	USD	1 Quarter
Operating lease liabilities, net	`IncreaseDecreaseInOperatingLeaseLiabilitiesNet`	$-1.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$258.96M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.24M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$207.55M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$23.31M	USD	1 Quarter
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$28.89M	USD	1 Quarter
Maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$137.01M	USD	1 Quarter
Sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$26.61M	USD	1 Quarter
Sales of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	-	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.90M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.27M	USD	1 Quarter
Purchase of equity investment	`PaymentsToAcquireEquityMethodInvestments`	-	USD	1 Quarter
Purchase of equity investment	`PaymentsToAcquireEquityMethodInvestments`	$8.00M	USD	1 Quarter
Purchase of convertible promissory note	`PurchaseOfConvertiblePromissoryNote`	-	USD	1 Quarter
Purchase of convertible promissory note	`PurchaseOfConvertiblePromissoryNote`	$5.00M	USD	1 Quarter
Collections of employee loans	`ProceedsForLoansToEmployees`	-	USD	1 Quarter
Collections of employee loans	`ProceedsForLoansToEmployees`	$1.32M	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$162.00K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-63.03M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.32M	USD	1 Quarter
Proceeds from international employee stock sales to be remitted to employees and tax authorities, net	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$218.54M	USD	1 Quarter
Proceeds from international employee stock sales to be remitted to employees and tax authorities, net	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	1 Quarter
Proceeds from exercise of stock options, net of repurchases	`ProceedsFromStockOptionsExercised`	$1.78M	USD	1 Quarter
Proceeds from exercise of stock options, net of repurchases	`ProceedsFromStockOptionsExercised`	$9.59M	USD	1 Quarter
Proceeds from initial public offering and private placement, net of underwriting discounts and commissions and other offering costs	`ProceedsFromIssuanceInitialPublicOfferingAndPrivatePlacement`	-	USD	1 Quarter
Proceeds from initial public offering and private placement, net of underwriting discounts and commissions and other offering costs	`ProceedsFromIssuanceInitialPublicOfferingAndPrivatePlacement`	$543.47M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$228.13M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$545.25M	USD	1 Quarter
Net increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$424.06M	USD	1 Quarter
Net increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$566.17M	USD	1 Quarter
Cash, cash equivalents, and restricted cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$632.14M	USD	Point-in-time
Cash, cash equivalents, and restricted cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$758.14M	USD	Point-in-time
Cash, cash equivalents, and restricted cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$334.08M	USD	Point-in-time
Cash, cash equivalents, and restricted cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$65.97M	USD	Point-in-time
Cash, cash equivalents, and restricted cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$632.14M	USD	Point-in-time
Cash, cash equivalents, and restricted cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$758.14M	USD	Point-in-time
Cash, cash equivalents, and restricted cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$334.08M	USD	Point-in-time
Cash, cash equivalents, and restricted cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$65.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$283.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$488.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$629.79M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$632.14M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$758.14M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$334.08M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$65.97M	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-7.44M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$901.63M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$833.94M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$719.73M	USD	Point-in-time
Issuance of common stock upon exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	3.23M	shares	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.72M	USD	1 Quarter
Issuance of restricted shares of common stock	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	-	USD	1 Quarter
Charitable donation of common stock	`StockIssuedDuringPeriodValueCharitableDonation`	$1.00M	USD	1 Quarter
Conversion of convertible preferred stock to common stock upon initial public offering	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$159.55M	USD	1 Quarter
Conversion of convertible promissory notes and accrued interest to common stock upon initial public offering	`StockIssuedDuringPeriodValueConversionOfConvertiblePromissoryNotesAndAccruedInterestToCommonStockUponInitialPublicOffering`	$15.34M	USD	1 Quarter
Issuance of common stock upon initial public offering and private placement, net of underwriting discounts and commissions and other offering costs	`StockIssuedDuringPeriodValueNewIssues`	$541.50M	USD	1 Quarter
Issuance of common stock upon exercise of stock options, net of repurchases	`StockIssuedDurringPeriodValueIssuanceOfCommonStockUponExerciseOfStockOptionsNetOfRepurchases`	$1.75M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.66M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$28.81M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.08M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$143.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$27.07M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.21M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$-7.44M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$901.63M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$833.94M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$719.73M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$27.07M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.21M	USD	1 Quarter
Unrealized gain on available-for-sale marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.08M	USD	1 Quarter
Unrealized gain on available-for-sale marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$143.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.36M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$28.15M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.