10-Q Filing

Cricut, Inc. CIK: 1828962 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001828962-22-000059`
Period End Date	20220331
Filing Date	20220511
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	crct-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 36 Cash Flow Statement 78 Stockholders Equity 23

Balance Sheet 82 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, 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`	100.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$245.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$241.60M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$199.51M	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`	$122.78M	USD	Point-in-time
Inventories	`InventoryNet`	$454.17M	USD	Point-in-time
Inventories	`InventoryNet`	$483.01M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$32.82M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.25B	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$28.04M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.25B	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	221.81M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$879.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$928.10M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	221.91M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$53.26M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$59.54M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	221.81M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	221.91M	shares	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$17.65M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$20.01M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.52M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.33M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$3.25M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$3.25M	USD	Point-in-time
Other assets	`PrepaidExpenseAndOtherAssetsNoncurrent`	$2.46M	USD	Point-in-time
Other assets	`PrepaidExpenseAndOtherAssetsNoncurrent`	$2.53M	USD	Point-in-time
Total assets	`Assets`	$1.01B	USD	Point-in-time
Total assets	`Assets`	$966.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$204.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$155.66M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$69.35M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$41.67M	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$30.55M	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$31.21M	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$4.18M	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$3.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$232.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$308.37M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$15.78M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$17.74M	USD	Point-in-time
Deferred revenue, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$4.48M	USD	Point-in-time
Deferred revenue, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$4.86M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$3.27M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$4.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$332.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$259.56M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
#REF!	`PreferredStockValue`	-	USD	Point-in-time
#REF!	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001 per share, 1,250,000,000 shares authorized as of March 31, 2022, 221,809,614 shares issued and outstanding as of March 31, 2022; 1,250,000,000 shares authorized as of December 31, 2021, 221,913,559 shares issued and outstanding as of December 31, 2021.	`CommonStockValue`	$222.00K	USD	Point-in-time
Common stock, par value $0.001 per share, 1,250,000,000 shares authorized as of March 31, 2022, 221,809,614 shares issued and outstanding as of March 31, 2022; 1,250,000,000 shares authorized as of December 31, 2021, 221,913,559 shares issued and outstanding as of December 31, 2021.	`CommonStockValue`	$222.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$717.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$726.53M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-43.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.06M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-67.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-55.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$228.93M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$673.98M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$706.63M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$538.45M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.01B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$966.18M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
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`	100.00M	shares	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
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

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$323.82M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$244.78M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$145.76M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$203.55M	USD	1 Quarter
Gross profit	`GrossProfit`	$99.02M	USD	1 Quarter
Gross profit	`GrossProfit`	$120.27M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$15.70M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$20.53M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$27.49M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$32.79M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.42M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.29M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$67.61M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$55.61M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$64.66M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$31.41M	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-29.00K	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-39.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$64.64M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$31.37M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.22M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.86M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.42M	USD	1 Quarter
Change in foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-13.00K	USD	1 Quarter
Change in foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-12.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$23.49M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$49.41M	USD	1 Quarter
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Earnings per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Earnings per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Weighted-average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	212.40M	shares	1 Quarter
Weighted-average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	207.31M	shares	1 Quarter
Weighted-average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	220.97M	shares	1 Quarter
Weighted-average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	208.46M	shares	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$23.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.42M	USD	1 Quarter
Depreciation and amortization (including amortization of debt issuance costs)	`DepreciationDepletionAndAmortization`	$3.96M	USD	1 Quarter
Depreciation and amortization (including amortization of debt issuance costs)	`DepreciationDepletionAndAmortization`	$6.03M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$8.96M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$11.69M	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseExpense`	$1.22M	USD	1 Quarter
Non-cash lease expense	`OperatingLeaseExpense`	$864.00K	USD	1 Quarter
Provision for inventory obsolescence	`InventoryWriteDown`	$605.00K	USD	1 Quarter
Provision for inventory obsolescence	`InventoryWriteDown`	$1.06M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-109.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-76.73M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.68M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$29.13M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$52.94M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.77M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.68M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$30.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$134.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-48.32M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-49.69M	USD	1 Quarter
Accrued expenses and other current liabilities and other non-current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$819.00K	USD	1 Quarter
Accrued expenses and other current liabilities and other non-current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-26.84M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-1.01M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-1.19M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$1.73M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$281.00K	USD	1 Quarter
Net cash and cash equivalents (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.58M	USD	1 Quarter
Net cash and cash equivalents (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.96M	USD	1 Quarter
Acquisitions of property and equipment, including capitalized software development costs	`PaymentsToAcquirePropertyPlantEquipmentAndDevelopmentOfInternalUseSoftware`	$9.81M	USD	1 Quarter
Acquisitions of property and equipment, including capitalized software development costs	`PaymentsToAcquirePropertyPlantEquipmentAndDevelopmentOfInternalUseSoftware`	$7.84M	USD	1 Quarter
Net cash and cash equivalents (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.84M	USD	1 Quarter
Net cash and cash equivalents (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.81M	USD	1 Quarter
Proceeds from capital contributions	`ProceedsFromContributedCapital`	-	USD	1 Quarter
Proceeds from capital contributions	`ProceedsFromContributedCapital`	$200.00K	USD	1 Quarter
Proceeds from issuance of common stock upon initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	1 Quarter
Proceeds from issuance of common stock upon initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$245.08M	USD	1 Quarter
Repurchase of compensatory units	`PaymentsForRepurchaseOfOtherEquity`	$160.00K	USD	1 Quarter
Repurchase of compensatory units	`PaymentsForRepurchaseOfOtherEquity`	$14.00K	USD	1 Quarter
Repurchase of common stock upon Corporate Reorganization	`PaymentsForRepurchaseOfCommonStock`	$10.00K	USD	1 Quarter
Repurchase of common stock upon Corporate Reorganization	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$31.00K	USD	1 Quarter
Employee tax withholding payments on stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.66M	USD	1 Quarter
Employee tax withholding payments on stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Payments on capital leases	`FinanceLeasePrincipalPayments`	$14.00K	USD	1 Quarter
Payments on capital leases	`FinanceLeasePrincipalPayments`	-	USD	1 Quarter
Net cash and cash equivalents (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.64M	USD	1 Quarter
Net cash and cash equivalents (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$245.10M	USD	1 Quarter
Effect of exchange rate on changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-39.00K	USD	1 Quarter
Effect of exchange rate on changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-28.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$215.26M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.10M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$245.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$241.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$337.47M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$245.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$241.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$337.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.22M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$9.00K	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$789.00K	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$532.00K	USD	1 Quarter
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$68.00K	USD	1 Quarter
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$3.58M	USD	1 Quarter
Property and equipment included in accounts payable and accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$5.06M	USD	1 Quarter
Property and equipment included in accounts payable and accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$2.08M	USD	1 Quarter
Tax withholdings on stock-based awards included in accrued expenses and other current liabilities	`TaxWithholdingShareBasedPaymentArrangementIncurredButNotYetPaid`	-	USD	1 Quarter
Tax withholdings on stock-based awards included in accrued expenses and other current liabilities	`TaxWithholdingShareBasedPaymentArrangementIncurredButNotYetPaid`	$559.00K	USD	1 Quarter
Stock-based compensation capitalized for software development costs	`ShareBasedCompensationSoftwareDevelopmentCostsCapitalizedAssetsAcquired`	$294.00K	USD	1 Quarter
Stock-based compensation capitalized for software development costs	`ShareBasedCompensationSoftwareDevelopmentCostsCapitalizedAssetsAcquired`	$541.00K	USD	1 Quarter
Deferred offering costs in accounts payable and accrued expenses and other current liabilities	`PaymentsOfStockIssuanceCostsAccountsPayableAndAccruedExpensesAndOtherCurrentLiabilities`	-	USD	1 Quarter
Deferred offering costs in accounts payable and accrued expenses and other current liabilities	`PaymentsOfStockIssuanceCostsAccountsPayableAndAccruedExpensesAndOtherCurrentLiabilities`	$1.10M	USD	1 Quarter
Extinguishment of liability awards to equity	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$10.78M	USD	1 Quarter
Extinguishment of liability awards to equity	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	-	USD	1 Quarter

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$228.93M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$673.98M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$706.63M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$538.45M	USD	Point-in-time
Net income	`NetIncomeLoss`	$23.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.42M	USD	1 Quarter
Issuance of common stock upon vesting or exercise of stock-based awards, net of withholding tax	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$1.33M	USD	1 Quarter
Forfeiture of unvested common stock	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	-	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.50M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.63M	USD	1 Quarter
Compensatory units repurchased	`StockRepurchasedDuringPeriodValue`	$160.00K	USD	1 Quarter
Compensatory units repurchased	`StockRepurchasedDuringPeriodValue`	$14.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-13.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-12.00K	USD	1 Quarter
Capital contributions	`PartnersCapitalAccountContributions`	$200.00K	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
Extinguishment of liability awards to equity	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$10.78M	USD	1 Quarter
Extinguishment of liability awards to equity	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	-	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$228.93M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$673.98M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$706.63M	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.