10-Q Filing

Cricut, Inc. CIK: 1828962 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001828962-21-000070`
Period End Date	20210930
Filing Date	20211112
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	crct-20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 80 Cash Flow Statement 91 Stockholders Equity 56

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`	100.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$224.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$122.22M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$67.51M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.65M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$143.12M	USD	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
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$524.58M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$30.48M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.25B	shares	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 issued (in shares)	`CommonStockSharesIssued`	222.18M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$538.81M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	208.12M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$922.18M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	222.18M	shares	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$52.67M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.28M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.71M	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`	$3.75M	USD	Point-in-time
Other assets	`PrepaidExpenseAndOtherAssetsNoncurrent`	$927.00K	USD	Point-in-time
Total assets	`Assets`	$980.60M	USD	Point-in-time
Total assets	`Assets`	$581.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$251.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$251.66M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$41.77M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$71.32M	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$23.52M	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$25.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$346.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$318.58M	USD	Point-in-time
Deferred revenue, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$4.16M	USD	Point-in-time
Deferred revenue, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$2.76M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$4.65M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$3.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$352.48M	USD	Point-in-time
Total liabilities	`Liabilities`	$327.39M	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 September 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 September 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 September 30, 2021, 222,179,221 shares issued and outstanding as of September 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
Common stock, par value $0.001 per share, 1,250,000,000 shares authorized as of September 30, 2021, 222,179,221 shares issued and outstanding as of September 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
Additional paid-in capital	`AdditionalPaidInCapital`	$708.50M	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`	$-55.48M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$136.01M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$170.06M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$164.33M	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 stockholders equity	`StockholdersEquity`	$653.22M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$613.61M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$581.40M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$980.60M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$918.40M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$588.06M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$260.09M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$209.00M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$380.44M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$158.02M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$119.45M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$565.77M	USD	3 Qtrs
Gross profit	`GrossProfit`	$102.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$207.62M	USD	3 Qtrs
Gross profit	`GrossProfit`	$89.55M	USD	1 Quarter
Gross profit	`GrossProfit`	$352.63M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$56.84M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$20.53M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$27.78M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$9.98M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$30.29M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$90.81M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$39.54M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$13.66M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$19.37M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$13.49M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.20M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$38.42M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$31.83M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$86.70M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$186.06M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$64.31M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$166.56M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$37.75M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$120.93M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$57.72M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-302.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-1.24M	USD	3 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$24.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$9.00K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$57.42M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$37.77M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$166.57M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$119.69M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$26.55M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.21M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.77M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$38.02M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$34.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.13M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$49.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$128.55M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$45.21M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-13.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-25.00K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$4.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$98.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-47.00K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-33.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-16.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-112.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$128.52M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$93.08M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$29.99M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$45.10M	USD	1 Quarter
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.62	USD	3 Qtrs
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.45	USD	3 Qtrs
Earnings per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.45	USD	3 Qtrs
Earnings per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Earnings per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.59	USD	3 Qtrs
Earnings per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Weighted-average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	208.12M	shares	3 Qtrs
Weighted-average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	208.17M	shares	3 Qtrs
Weighted-average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	208.12M	shares	1 Quarter
Weighted-average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	208.99M	shares	1 Quarter
Weighted-average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	224.33M	shares	1 Quarter
Weighted-average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	208.12M	shares	1 Quarter
Weighted-average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	218.49M	shares	3 Qtrs
Weighted-average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	208.12M	shares	3 Qtrs

Cash Flow Statement 91 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$34.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.13M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$49.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$128.55M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$45.21M	USD	1 Quarter
Depreciation and amortization (including amortization of debt issuance costs)	`DepreciationDepletionAndAmortization`	$13.37M	USD	3 Qtrs
Depreciation and amortization (including amortization of debt issuance costs)	`DepreciationDepletionAndAmortization`	$10.14M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$27.94M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$4.96M	USD	3 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.00K	USD	3 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	3 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$2.28M	USD	3 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$2.19M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.23M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$469.00K	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-162.00K	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$41.37M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.58M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-4.40M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$276.22M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.04M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$25.58M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$637.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-675.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.60M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$96.43M	USD	3 Qtrs
Accrued expenses and other current liabilities and other non-current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-24.57M	USD	3 Qtrs
Accrued expenses and other current liabilities and other non-current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$13.24M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$3.56M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$5.32M	USD	3 Qtrs
Net cash and cash equivalents (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-131.79M	USD	3 Qtrs
Net cash and cash equivalents (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$187.40M	USD	3 Qtrs
Acquisitions of property and equipment, including costs capitalized for development of internal use software	`PaymentsToAcquirePropertyPlantEquipmentAndDevelopmentOfInternalUseSoftware`	$16.88M	USD	3 Qtrs
Acquisitions of property and equipment, including costs capitalized for development of internal use software	`PaymentsToAcquirePropertyPlantEquipmentAndDevelopmentOfInternalUseSoftware`	$28.34M	USD	3 Qtrs
Net cash and cash equivalents (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.88M	USD	3 Qtrs
Net cash and cash equivalents (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.34M	USD	3 Qtrs
Proceeds from capital contributions	`ProceedsFromContributedCapital`	$200.00K	USD	3 Qtrs
Proceeds from capital contributions	`ProceedsFromContributedCapital`	$1.09M	USD	3 Qtrs
Proceeds from issuance of common stock upon initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$262.01M	USD	3 Qtrs
Proceeds from issuance of common stock upon initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	3 Qtrs
Repurchase of compensatory units	`PaymentsForRepurchaseOfOtherEquity`	$3.04M	USD	3 Qtrs
Repurchase of compensatory units	`PaymentsForRepurchaseOfOtherEquity`	$170.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$108.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Tax withholding on stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$107.00K	USD	3 Qtrs
Tax withholding on stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	3 Qtrs
Payments on term loan	`RepaymentsOfBankDebt`	$22.92M	USD	3 Qtrs
Payments on term loan	`RepaymentsOfBankDebt`	-	USD	3 Qtrs
Drawdowns on revolving loan	`ProceedsFromLinesOfCredit`	$228.27M	USD	3 Qtrs
Drawdowns on revolving loan	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Payments on revolving loan	`RepaymentsOfLinesOfCredit`	$260.86M	USD	3 Qtrs
Payments on revolving loan	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$795.00K	USD	3 Qtrs
Cash dividend	`PaymentsOfDividends`	$51.20M	USD	3 Qtrs
Cash dividend	`PaymentsOfDividends`	-	USD	3 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-169.00K	USD	3 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-48.00K	USD	3 Qtrs
Net cash and cash equivalents (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-109.63M	USD	3 Qtrs
Net cash and cash equivalents (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$261.99M	USD	3 Qtrs
Effect of exchange rate on changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-70.00K	USD	3 Qtrs
Effect of exchange rate on changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-39.00K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$101.79M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$60.85M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$224.00M	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`	$67.51M	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`	$224.00M	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`	$67.51M	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`	$14.00K	USD	3 Qtrs
Cash paid during the period for interest	`InterestPaidNet`	$1.30M	USD	3 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$25.09M	USD	3 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$66.87M	USD	3 Qtrs
Property and equipment included in accounts payable and accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$4.91M	USD	3 Qtrs
Property and equipment included in accounts payable and accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$788.00K	USD	3 Qtrs
Tax withholdings on stock-based awards included in accrued expenses and other current liabilities	`TaxWithholdingShareBasedPaymentArrangementIncurredButNotYetPaid`	-	USD	3 Qtrs
Tax withholdings on stock-based awards included in accrued expenses and other current liabilities	`TaxWithholdingShareBasedPaymentArrangementIncurredButNotYetPaid`	$344.00K	USD	3 Qtrs
Stock-based compensation capitalized for software development costs	`ShareBasedCompensationSoftwareDevelopmentCostsCapitalizedAssetsAcquired`	$181.00K	USD	3 Qtrs
Stock-based compensation capitalized for software development costs	`ShareBasedCompensationSoftwareDevelopmentCostsCapitalizedAssetsAcquired`	$1.15M	USD	3 Qtrs
Deferred offering costs in accounts payable and accrued expenses and other current liabilities	`PaymentsOfStockIssuanceCostsAccountsPayableAndAccruedExpensesAndOtherCurrentLiabilities`	$500.00K	USD	3 Qtrs
Deferred offering costs in accounts payable and accrued expenses and other current liabilities	`PaymentsOfStockIssuanceCostsAccountsPayableAndAccruedExpensesAndOtherCurrentLiabilities`	-	USD	3 Qtrs
Reclassification of liability awards to equity upon modification	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	-	USD	3 Qtrs
Reclassification of liability awards to equity upon modification	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$10.78M	USD	3 Qtrs
Reclassification of liability awards to equity upon modification	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$10.78M	USD	1 Quarter

Stockholders Equity 56 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$136.01M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$170.06M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$164.33M	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
Balance at beginning of period	`StockholdersEquity`	$653.22M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$613.61M	USD	Point-in-time
Net income	`NetIncomeLoss`	$34.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$93.13M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$49.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$128.55M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$45.21M	USD	1 Quarter
Capital contributions	`PartnersCapitalAccountContributions`	$200.00K	USD	1 Quarter
Capital contributions	`PartnersCapitalAccountContributions`	$4.00K	USD	1 Quarter
Capital contributions	`PartnersCapitalAccountContributions`	$1.08M	USD	1 Quarter
Initial public offering, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$242.67M	USD	1 Quarter
Initial public offering, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$18.02M	USD	1 Quarter
Repurchase upon Corporate Reorganization	`TreasuryStockValueAcquiredCostMethod`	$10.00K	USD	1 Quarter
Reclassification of liability awards to equity upon modification	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	-	USD	3 Qtrs
Reclassification of liability awards to equity upon modification	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$10.78M	USD	3 Qtrs
Reclassification of liability awards to equity upon modification	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$10.78M	USD	1 Quarter
Cash dividend	`DividendsCash`	$51.20M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.05M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.38M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.97M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$827.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.63M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.02M	USD	1 Quarter
Compensatory units repurchased	`StockRepurchasedDuringPeriodValue`	$732.00K	USD	1 Quarter
Compensatory units repurchased	`StockRepurchasedDuringPeriodValue`	$1.63M	USD	1 Quarter
Compensatory units repurchased	`StockRepurchasedDuringPeriodValue`	$676.00K	USD	1 Quarter
Compensatory units repurchased	`StockRepurchasedDuringPeriodValue`	$160.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-13.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-25.00K	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$4.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$98.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-47.00K	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-33.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-16.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-112.00K	USD	1 Quarter
Issuance of common stock upon vesting or exercise of shares	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	-	USD	1 Quarter
Issuance of common stock upon vesting or exercise of shares	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$353.00K	USD	1 Quarter
Forfeiture of unvested common stock	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	-	USD	1 Quarter
Forfeiture of unvested common stock	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	-	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$136.01M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$170.06M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$164.33M	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
Balance at end of period	`StockholdersEquity`	$653.22M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$613.61M	USD	Point-in-time

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