10-Q Filing

Cricut, Inc. CIK: 1828962 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001828962-21-000025`
Period End Date	20210630
Filing Date	20210813
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	crct-20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 82 Cash Flow Statement 79 Stockholders Equity 42

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.24M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$122.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$314.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.65M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$163.70M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$162.93M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$248.75M	USD	Point-in-time
Inventories	`InventoryNet`	$426.90M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.27M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	257.06M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.92M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.25B	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	222.25M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	208.12M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$538.81M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$924.95M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	222.25M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$42.97M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$33.44M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	208.12M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.28M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.90M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$3.12M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$3.12M	USD	Point-in-time
Other assets	`PrepaidExpenseAndOtherAssetsNoncurrent`	$1.36M	USD	Point-in-time
Other assets	`PrepaidExpenseAndOtherAssetsNoncurrent`	$3.75M	USD	Point-in-time
Total assets	`Assets`	$974.30M	USD	Point-in-time
Total assets	`Assets`	$581.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$280.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$251.66M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$46.58M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$71.32M	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$26.33M	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$23.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$346.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$353.21M	USD	Point-in-time
Deferred revenue, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$4.07M	USD	Point-in-time
Deferred revenue, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$2.76M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$3.22M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$3.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$360.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$352.48M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.001 per share, 100,000,000 shares authorized, no shares issued and outstanding as of June 30, 2021. No shares issued, authorized or outstanding as of December 31, 2020.	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.001 per share, 100,000,000 shares authorized, no shares issued and outstanding as of June 30, 2021. No shares issued, authorized or outstanding as of December 31, 2020.	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001 per share, 1,250,000,000 shares authorized as of June 30, 2021, 222,253,059 shares issued and outstanding as of June 30, 2021; 257,058,262 shares authorized as of December 31, 2020, 208,116,104 shares issued and outstanding as of December 31, 2020	`CommonStockValue`	$208.00K	USD	Point-in-time
Common stock, par value $0.001 per share, 1,250,000,000 shares authorized as of June 30, 2021, 222,253,059 shares issued and outstanding as of June 30, 2021; 257,058,262 shares authorized as of December 31, 2020, 208,116,104 shares issued and outstanding as of December 31, 2020	`CommonStockValue`	$222.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$698.88M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$412.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-184.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-85.49M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$170.06M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$613.61M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$136.01M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$121.14M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$228.93M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$538.45M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$974.30M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$581.40M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time

Income Statement 82 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$334.49M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$235.34M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$658.32M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$379.06M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$407.75M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$162.03M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$260.98M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$204.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$118.08M	USD	2 Qtrs
Gross profit	`GrossProfit`	$73.31M	USD	1 Quarter
Gross profit	`GrossProfit`	$250.56M	USD	2 Qtrs
Gross profit	`GrossProfit`	$130.29M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$20.61M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$8.64M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$17.81M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$36.30M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$13.44M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$33.03M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$25.88M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$60.52M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$11.17M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$12.51M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.47M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$24.93M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$66.14M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$27.55M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$54.86M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$121.75M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$64.15M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$45.76M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$128.82M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$63.21M	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$-368.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-15.00K	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$-942.00K	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$14.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$64.17M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$45.39M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$128.80M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$62.27M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.51M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.04M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$30.26M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.35M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$98.54M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$34.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.92M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$49.13M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-13.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-33.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$4.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$65.00K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$98.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-9.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$49.13M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$47.98M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$98.53M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$34.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$98.54M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$34.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.92M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$49.13M	USD	1 Quarter
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.23	USD	2 Qtrs
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.47	USD	2 Qtrs
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Earnings per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Earnings per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.46	USD	2 Qtrs
Earnings per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Earnings per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.23	USD	2 Qtrs
Weighted-average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	208.12M	shares	1 Quarter
Weighted-average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	208.12M	shares	2 Qtrs
Weighted-average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	207.76M	shares	2 Qtrs
Weighted-average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	208.21M	shares	1 Quarter
Weighted-average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	216.40M	shares	2 Qtrs
Weighted-average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	208.12M	shares	1 Quarter
Weighted-average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	208.12M	shares	2 Qtrs
Weighted-average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	222.95M	shares	1 Quarter

Cash Flow Statement 79 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$98.54M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$34.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.92M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$49.13M	USD	1 Quarter
Depreciation and amortization (including amortization of debt issuance costs)	`DepreciationDepletionAndAmortization`	$8.32M	USD	2 Qtrs
Depreciation and amortization (including amortization of debt issuance costs)	`DepreciationDepletionAndAmortization`	$6.68M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$19.80M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.77M	USD	2 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$1.60M	USD	2 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$2.81M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$316.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-110.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$57.20M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$659.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$178.53M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-95.44M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.36M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-550.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-116.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-311.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$28.83M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-15.06M	USD	2 Qtrs
Accrued expenses and other current liabilities and other non-current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-20.86M	USD	2 Qtrs
Accrued expenses and other current liabilities and other non-current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$27.30M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$4.12M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$3.62M	USD	2 Qtrs
Net cash and cash equivalents (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-53.99M	USD	2 Qtrs
Net cash and cash equivalents (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$115.27M	USD	2 Qtrs
Acquisitions of property and equipment, including costs capitalized for development of internal use software	`PaymentsToAcquirePropertyPlantEquipmentAndDevelopmentOfInternalUseSoftware`	$16.12M	USD	2 Qtrs
Acquisitions of property and equipment, including costs capitalized for development of internal use software	`PaymentsToAcquirePropertyPlantEquipmentAndDevelopmentOfInternalUseSoftware`	$12.27M	USD	2 Qtrs
Net cash and cash equivalents used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.12M	USD	2 Qtrs
Net cash and cash equivalents used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.27M	USD	2 Qtrs
Proceeds from capital contributions	`ProceedsFromContributedCapital`	$1.09M	USD	2 Qtrs
Proceeds from capital contributions	`ProceedsFromContributedCapital`	$200.00K	USD	2 Qtrs
Proceeds from issuance of common stock upon initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$262.01M	USD	2 Qtrs
Proceeds from issuance of common stock upon initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	2 Qtrs
Repurchase of compensatory units	`PaymentsForRepurchaseOfOtherEquity`	$2.36M	USD	2 Qtrs
Repurchase of compensatory units	`PaymentsForRepurchaseOfOtherEquity`	$160.00K	USD	2 Qtrs
Repurchase of common stock upon Corporate Reorganization	`PaymentsForRepurchaseOfCommonStock`	$10.00K	USD	2 Qtrs
Repurchase of common stock upon Corporate Reorganization	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Payments on term loan	`RepaymentsOfBankDebt`	-	USD	2 Qtrs
Payments on term loan	`RepaymentsOfBankDebt`	$2.50M	USD	2 Qtrs
Drawdowns on revolving loan	`ProceedsFromLinesOfCredit`	$228.27M	USD	2 Qtrs
Drawdowns on revolving loan	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Payments on revolving loan	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Payments on revolving loan	`RepaymentsOfLinesOfCredit`	$260.86M	USD	2 Qtrs
Payments on capital leases	`FinanceLeasePrincipalPayments`	$24.00K	USD	2 Qtrs
Payments on capital leases	`FinanceLeasePrincipalPayments`	$50.00K	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$50.00K	USD	2 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.47M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$262.01M	USD	2 Qtrs
Effect of exchange rate on changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$60.00K	USD	2 Qtrs
Effect of exchange rate on changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-29.00K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$66.59M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$191.87M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$73.24M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$122.22M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$314.08M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.65M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$73.24M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$122.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$314.08M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.65M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$1.13M	USD	2 Qtrs
Cash paid during the period for interest	`InterestPaidNet`	$14.00K	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$31.00K	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$52.41M	USD	2 Qtrs
Property and equipment included in accounts payable and accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$1.73M	USD	2 Qtrs
Property and equipment included in accounts payable and accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$3.12M	USD	2 Qtrs
Stock-based compensation capitalized for software development costs	`ShareBasedCompensationSoftwareDevelopmentCostsCapitalizedAssetsAcquired`	$673.00K	USD	2 Qtrs
Stock-based compensation capitalized for software development costs	`ShareBasedCompensationSoftwareDevelopmentCostsCapitalizedAssetsAcquired`	$125.00K	USD	2 Qtrs
Deferred offering costs in accounts payable and accrued expenses and other current liabilities	`PaymentsOfStockIssuanceCostsAccountsPayableAndAccruedExpensesAndOtherCurrentLiabilities`	-	USD	2 Qtrs
Deferred offering costs in accounts payable and accrued expenses and other current liabilities	`PaymentsOfStockIssuanceCostsAccountsPayableAndAccruedExpensesAndOtherCurrentLiabilities`	-	USD	2 Qtrs
Reclassification of liability awards to equity upon modification	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$10.78M	USD	1 Quarter
Reclassification of liability awards to equity upon modification	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	-	USD	2 Qtrs
Reclassification of liability awards to equity upon modification	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$10.78M	USD	2 Qtrs

Stockholders Equity 42 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$170.06M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$613.61M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$136.01M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$121.14M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$228.93M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$538.45M	USD	Point-in-time
Net income	`NetIncomeLoss`	$98.54M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$34.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.92M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$49.13M	USD	1 Quarter
Capital contributions	`PartnersCapitalAccountContributions`	$4.00K	USD	1 Quarter
Capital contributions	`PartnersCapitalAccountContributions`	$1.08M	USD	1 Quarter
Capital contributions	`PartnersCapitalAccountContributions`	$200.00K	USD	1 Quarter
Initial public offering, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$18.02M	USD	1 Quarter
Initial public offering, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$242.67M	USD	1 Quarter
Repurchase upon Corporate Reorganization	`TreasuryStockValueAcquiredCostMethod`	$10.00K	USD	1 Quarter
Reclassification of liability awards to equity upon modification	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$10.78M	USD	1 Quarter
Reclassification of liability awards to equity upon modification	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	-	USD	2 Qtrs
Reclassification of liability awards to equity upon modification	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$10.78M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$827.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.02M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.38M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.63M	USD	1 Quarter
Compensatory units repurchased	`StockRepurchasedDuringPeriodValue`	$732.00K	USD	1 Quarter
Compensatory units repurchased	`StockRepurchasedDuringPeriodValue`	$160.00K	USD	1 Quarter
Compensatory units repurchased	`StockRepurchasedDuringPeriodValue`	$1.63M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-13.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-33.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$4.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$65.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$98.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-9.00K	USD	2 Qtrs
Issuance of common stock upon vesting of restricted stock units	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	-	USD	1 Quarter
Forfeiture of unvested common stock	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	-	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$170.06M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$613.61M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$136.01M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$121.14M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$228.93M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$538.45M	USD	Point-in-time

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