10-Q Filing

Cricut, Inc. CIK: 1828962 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001828962-22-000084`
Period End Date	20220630
Filing Date	20220810
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	crct-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 84 Cash Flow Statement 87 Stockholders Equity 43

Balance Sheet 86 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$147.77M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	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
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
Marketable securities	`MarketableSecuritiesCurrent`	-	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$83.55M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$199.51M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$81.06M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.25B	shares	Point-in-time
Inventories current	`InventoryCurrent`	$484.22M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.25B	shares	Point-in-time
Inventories current	`InventoryCurrent`	$454.17M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	221.91M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	222.19M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$28.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$32.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$825.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$928.10M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	222.19M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	221.91M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$63.11M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$53.26M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$19.54M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$17.65M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.14M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.52M	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`	$34.46M	USD	Point-in-time
Total assets	`Assets`	$946.60M	USD	Point-in-time
Total assets	`Assets`	$1.01B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$204.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$113.55M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$43.03M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$69.35M	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$30.55M	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$31.26M	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$5.26M	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$3.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$193.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$308.37M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$16.71M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$15.78M	USD	Point-in-time
Deferred revenue, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$3.91M	USD	Point-in-time
Deferred revenue, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$4.86M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$4.62M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$3.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$218.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$332.27M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`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, 2022 and December 31, 2021.	`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, 2022 and December 31, 2021.	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001 per share, 1,250,000,000 shares authorized as of June 30, 2022, 222,186,359 shares issued and outstanding as of June 30, 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 June 30, 2022, 222,186,359 shares issued and outstanding as of June 30, 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`	$734.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$717.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-43.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.23M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-55.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-520.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$613.61M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$538.45M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$706.63M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$228.93M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$728.26M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$673.98M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.01B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$946.60M	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 84 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$658.32M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$183.76M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$334.49M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$428.54M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$98.33M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$244.09M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$204.20M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$407.75M	USD	2 Qtrs
Gross profit	`GrossProfit`	$130.29M	USD	1 Quarter
Gross profit	`GrossProfit`	$184.45M	USD	2 Qtrs
Gross profit	`GrossProfit`	$85.43M	USD	1 Quarter
Gross profit	`GrossProfit`	$250.56M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$20.05M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$40.59M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$36.30M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$20.61M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$33.03M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$64.31M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$31.52M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$60.52M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$13.83M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$28.12M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$24.93M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$12.51M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$133.01M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$121.75M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$66.14M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$65.40M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$128.82M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$20.03M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$64.15M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$51.44M	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$14.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$283.00K	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$322.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-15.00K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$64.17M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$20.35M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$128.80M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$51.72M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$30.26M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.52M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.39M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.33M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$98.54M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.50M	USD	1 Quarter
Change in net unrealized gains (losses) on marketable securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
Change in net unrealized gains (losses) on marketable securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-343.00K	USD	2 Qtrs
Change in net unrealized gains (losses) on marketable securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Change in net unrealized gains (losses) on marketable securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-343.00K	USD	1 Quarter
Change in foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-122.00K	USD	2 Qtrs
Change in foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$4.00K	USD	1 Quarter
Change in foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-110.00K	USD	1 Quarter
Change in foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-9.00K	USD	2 Qtrs
Total other comprehensive income (loss):	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.00K	USD	1 Quarter
Total other comprehensive income (loss):	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-13.00K	USD	1 Quarter
Total other comprehensive income (loss):	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-453.00K	USD	1 Quarter
Total other comprehensive income (loss):	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-12.00K	USD	1 Quarter
Total other comprehensive income (loss):	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-465.00K	USD	2 Qtrs
Total other comprehensive income (loss):	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-9.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$13.37M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$49.13M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$36.87M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$98.53M	USD	2 Qtrs
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.06	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`	$0.17	USD	2 Qtrs
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.47	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`	$0.46	USD	2 Qtrs
Earnings per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	2 Qtrs
Earnings per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Weighted-average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	213.63M	shares	2 Qtrs
Weighted-average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	214.85M	shares	1 Quarter
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`	221.20M	shares	2 Qtrs
Weighted-average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	222.95M	shares	1 Quarter
Weighted-average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	220.79M	shares	1 Quarter
Weighted-average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	216.40M	shares	2 Qtrs

Cash Flow Statement 87 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$49.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.33M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$98.54M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.50M	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`	$12.13M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$19.80M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$19.36M	USD	2 Qtrs
Non-cash lease expense	`OperatingLeaseExpense`	$2.41M	USD	2 Qtrs
Non-cash lease expense	`OperatingLeaseExpense`	$1.89M	USD	2 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$4.45M	USD	2 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$1.60M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$59.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$110.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$659.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-118.45M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$178.53M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$64.78M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.36M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.24M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$594.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-311.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-91.84M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$28.83M	USD	2 Qtrs
Accrued expenses and other current liabilities and other non-current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-25.99M	USD	2 Qtrs
Accrued expenses and other current liabilities and other non-current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-20.56M	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-1.86M	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-2.19M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-231.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$4.12M	USD	2 Qtrs
Net cash and cash equivalents (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.01M	USD	2 Qtrs
Net cash and cash equivalents (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-53.99M	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	-	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$84.60M	USD	2 Qtrs
Proceeds from maturities of marketable securities	`ProceedsFromMaturityOfMarketableSecurities`	$807.00K	USD	2 Qtrs
Proceeds from maturities of marketable securities	`ProceedsFromMaturityOfMarketableSecurities`	-	USD	2 Qtrs
Acquisitions of property and equipment, including capitalized software development costs	`PaymentsToAcquirePropertyPlantEquipmentAndDevelopmentOfInternalUseSoftware`	$16.12M	USD	2 Qtrs
Acquisitions of property and equipment, including capitalized software development costs	`PaymentsToAcquirePropertyPlantEquipmentAndDevelopmentOfInternalUseSoftware`	$17.77M	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`	$-101.57M	USD	2 Qtrs
Proceeds from capital contributions	`ProceedsFromContributedCapital`	-	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`	-	USD	2 Qtrs
Proceeds from issuance of common stock upon initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$262.01M	USD	2 Qtrs
Repurchase of compensatory units	`PaymentsForRepurchaseOfOtherEquity`	$160.00K	USD	2 Qtrs
Repurchase of compensatory units	`PaymentsForRepurchaseOfOtherEquity`	$14.00K	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
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$31.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Employee tax withholding payments on stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Employee tax withholding payments on stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.05M	USD	2 Qtrs
Payments on capital leases	`FinanceLeasePrincipalPayments`	$24.00K	USD	2 Qtrs
Payments on capital leases	`FinanceLeasePrincipalPayments`	-	USD	2 Qtrs
Net cash and cash equivalents (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.03M	USD	2 Qtrs
Net cash and cash equivalents (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$262.01M	USD	2 Qtrs
Effect of exchange rate on changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-232.00K	USD	2 Qtrs
Effect of exchange rate on changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-29.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$191.87M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-93.83M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.22M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$147.77M	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`	$314.08M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$122.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$147.77M	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`	$314.08M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	-	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`	$52.41M	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$5.97M	USD	2 Qtrs
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$4.31M	USD	2 Qtrs
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$3.53M	USD	2 Qtrs
Property and equipment included in accounts payable and accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$5.89M	USD	2 Qtrs
Property and equipment included in accounts payable and accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$3.12M	USD	2 Qtrs
Tax withholdings on stock-based awards included in accrued expenses and other current liabilities	`TaxWithholdingShareBasedPaymentArrangementIncurredButNotYetPaid`	$388.00K	USD	2 Qtrs
Tax withholdings on stock-based awards included in accrued expenses and other current liabilities	`TaxWithholdingShareBasedPaymentArrangementIncurredButNotYetPaid`	-	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`	$1.15M	USD	2 Qtrs
Extinguishment of liability awards to equity	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$10.78M	USD	1 Quarter
Extinguishment of liability awards to equity	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$10.78M	USD	2 Qtrs
Extinguishment of liability awards to equity	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	-	USD	2 Qtrs
Leasehold improvements acquired through tenant allowances	`PaymentsForTenantImprovements`	-	USD	2 Qtrs
Leasehold improvements acquired through tenant allowances	`PaymentsForTenantImprovements`	$752.00K	USD	2 Qtrs

Stockholders Equity 43 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$613.61M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$538.45M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$706.63M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$228.93M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$728.26M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$673.98M	USD	Point-in-time
Net income	`NetIncomeLoss`	$49.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.33M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$98.54M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.50M	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
Issuance of common stock upon vesting or exercise of stock-based awards, net of withholding tax	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$3.22M	USD	1 Quarter
Issuance of common stock upon vesting or exercise of stock-based awards, net of withholding tax	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	-	USD	1 Quarter
Forfeiture of unvested common stock	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	-	USD	1 Quarter
Forfeiture of unvested common stock	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	-	USD	1 Quarter
Forfeiture of unvested common stock	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	-	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.63M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.48M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.02M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.50M	USD	1 Quarter
Compensatory units repurchased	`StockRepurchasedDuringPeriodValue`	$14.00K	USD	1 Quarter
Compensatory units repurchased	`StockRepurchasedDuringPeriodValue`	$160.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-13.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-453.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-12.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-465.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-9.00K	USD	2 Qtrs
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
Extinguishment of liability awards to equity	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$10.78M	USD	1 Quarter
Extinguishment of liability awards to equity	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$10.78M	USD	2 Qtrs
Extinguishment of liability awards to equity	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	-	USD	2 Qtrs
Balance at end of period	`StockholdersEquity`	$613.61M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$538.45M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$706.63M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$228.93M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$728.26M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$673.98M	USD	Point-in-time

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