10-Q Filing

Cricut, Inc. CIK: 1828962 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001828962-22-000095`
Period End Date	20220930
Filing Date	20221109
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	crct-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 88 Cash Flow Statement 93 Stockholders Equity 58

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`	$124.18M	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 outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	-	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$73.78M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$87.91M	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
Inventories	`InventoryCurrent`	$454.17M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.25B	shares	Point-in-time
Inventories	`InventoryCurrent`	$483.75M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.25B	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$33.61M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	220.81M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$32.82M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	221.91M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	220.81M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$928.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$803.23M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	221.91M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$53.26M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$63.39M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$17.65M	USD	Point-in-time
Operating lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$18.28M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$950.00K	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`	$3.28M	USD	Point-in-time
Other assets	`PrepaidExpenseAndOtherAssetsNoncurrent`	$2.46M	USD	Point-in-time
Other assets	`PrepaidExpenseAndOtherAssetsNoncurrent`	$30.68M	USD	Point-in-time
Total assets	`Assets`	$919.80M	USD	Point-in-time
Total assets	`Assets`	$1.01B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$71.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$204.71M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$47.95M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$69.35M	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$29.37M	USD	Point-in-time
Deferred revenue, current portion	`ContractWithCustomerLiabilityCurrent`	$30.55M	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$3.75M	USD	Point-in-time
Operating lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$5.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$154.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$308.37M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$15.26M	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`	$3.53M	USD	Point-in-time
Deferred revenue, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$4.86M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$4.32M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$3.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$332.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$177.11M	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 September 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 September 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 September 30, 2022, 220,811,091 shares issued and outstanding as of September 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`	$221.00K	USD	Point-in-time
Common stock, par value $0.001 per share, 1,250,000,000 shares authorized as of September 30, 2022, 220,811,091 shares issued and outstanding as of September 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`	$736.63M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$717.37M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-43.56M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$6.21M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-55.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-369.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$742.70M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$538.45M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$613.61M	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`	$653.22M	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 liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.01B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$919.80M	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

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$605.54M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$260.09M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$177.00M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$918.40M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$95.16M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$158.02M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$565.77M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$339.25M	USD	3 Qtrs
Gross profit	`GrossProfit`	$102.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$352.63M	USD	3 Qtrs
Gross profit	`GrossProfit`	$81.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$266.28M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$20.53M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$18.75M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$59.33M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$56.84M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$90.81M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$30.29M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$29.16M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$93.47M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$16.50M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$44.62M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$13.49M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$38.42M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$64.41M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$197.43M	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`	$17.42M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$68.86M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$166.56M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$37.75M	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$24.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$9.00K	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$235.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$518.00K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$37.77M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$69.38M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.66M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$166.57M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.77M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.21M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$38.02M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.60M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$128.55M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$30.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.77M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.83M	USD	1 Quarter
Change in net unrealized gains (losses) on marketable securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	3 Qtrs
Change in net unrealized gains (losses) on marketable securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-72.00K	USD	3 Qtrs
Change in net unrealized gains (losses) on marketable securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Change in net unrealized gains (losses) on marketable securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$271.00K	USD	1 Quarter
Change in foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-120.00K	USD	1 Quarter
Change in foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-25.00K	USD	3 Qtrs
Change in foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-242.00K	USD	3 Qtrs
Change in foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-16.00K	USD	1 Quarter
Total other comprehensive income (loss):	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-25.00K	USD	3 Qtrs
Total other comprehensive income (loss):	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-16.00K	USD	1 Quarter
Total other comprehensive income (loss):	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$151.00K	USD	1 Quarter
Total other comprehensive income (loss):	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-12.00K	USD	1 Quarter
Total other comprehensive income (loss):	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.00K	USD	1 Quarter
Total other comprehensive income (loss):	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-314.00K	USD	3 Qtrs
Total other comprehensive income (loss):	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-13.00K	USD	1 Quarter
Total other comprehensive income (loss):	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-453.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.60M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$128.52M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$49.46M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$29.99M	USD	1 Quarter
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.06	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`	$0.23	USD	3 Qtrs
Earnings per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Earnings per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.13	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`	$0.23	USD	3 Qtrs
Earnings per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Weighted-average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	208.17M	shares	3 Qtrs
Weighted-average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	214.36M	shares	3 Qtrs
Weighted-average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	208.99M	shares	1 Quarter
Weighted-average common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	215.35M	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`	220.35M	shares	1 Quarter
Weighted-average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	221.10M	shares	3 Qtrs
Weighted-average common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	224.33M	shares	1 Quarter

Cash Flow Statement 93 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$128.55M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$30.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.77M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.83M	USD	1 Quarter
Depreciation and amortization (including amortization of debt issuance costs)	`DepreciationDepletionAndAmortization`	$19.84M	USD	3 Qtrs
Depreciation and amortization (including amortization of debt issuance costs)	`DepreciationDepletionAndAmortization`	$13.37M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$27.94M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$30.63M	USD	3 Qtrs
Non-cash lease expense	`OperatingLeaseExpense`	$3.62M	USD	3 Qtrs
Non-cash lease expense	`OperatingLeaseExpense`	$3.06M	USD	3 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$6.20M	USD	3 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$2.28M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-1.23M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-218.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-111.60M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.58M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$276.22M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$60.84M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$897.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$25.58M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-675.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$309.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-132.01M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.60M	USD	3 Qtrs
Accrued expenses and other current liabilities and other non-current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-21.51M	USD	3 Qtrs
Accrued expenses and other current liabilities and other non-current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-24.17M	USD	3 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-3.18M	USD	3 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-3.47M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-2.51M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$3.56M	USD	3 Qtrs
Net cash and cash equivalents provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-131.79M	USD	3 Qtrs
Net cash and cash equivalents provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$630.00K	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	-	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$180.11M	USD	3 Qtrs
Proceeds from maturities of marketable securities	`ProceedsFromMaturityOfMarketableSecurities`	-	USD	3 Qtrs
Proceeds from maturities of marketable securities	`ProceedsFromMaturityOfMarketableSecurities`	$21.39M	USD	3 Qtrs
Proceeds from sales of marketable securities	`ProceedsFromSaleOfMarketableSecurities`	$84.62M	USD	3 Qtrs
Proceeds from sales of marketable securities	`ProceedsFromSaleOfMarketableSecurities`	-	USD	3 Qtrs
Acquisitions of property and equipment, including capitalized software development costs	`PaymentsToAcquirePropertyPlantEquipmentAndDevelopmentOfInternalUseSoftware`	$26.91M	USD	3 Qtrs
Acquisitions of property and equipment, including capitalized software development costs	`PaymentsToAcquirePropertyPlantEquipmentAndDevelopmentOfInternalUseSoftware`	$28.34M	USD	3 Qtrs
Net cash and cash equivalents used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-101.01M	USD	3 Qtrs
Net cash and cash equivalents used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.34M	USD	3 Qtrs
Proceeds from capital contributions	`ProceedsFromContributedCapital`	$200.00K	USD	3 Qtrs
Proceeds from capital contributions	`ProceedsFromContributedCapital`	-	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
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$9.97M	USD	3 Qtrs
Repurchase of compensatory units	`PaymentsForRepurchaseOfOtherEquity`	$14.00K	USD	3 Qtrs
Repurchase of compensatory units	`PaymentsForRepurchaseOfOtherEquity`	$170.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$31.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$108.00K	USD	3 Qtrs
Employee tax withholding payments on stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.40M	USD	3 Qtrs
Employee tax withholding payments on stock-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$107.00K	USD	3 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.30M	USD	3 Qtrs
Payments for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	-	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`	$261.99M	USD	3 Qtrs
Net cash and cash equivalents (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.65M	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`	$-380.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$101.79M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-117.42M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$241.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$124.18M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$224.00M	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`	$241.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$124.18M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$224.00M	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	3 Qtrs
Cash paid during the period for interest	`InterestPaidNet`	$14.00K	USD	3 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$17.97M	USD	3 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaid`	$66.87M	USD	3 Qtrs
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$4.26M	USD	3 Qtrs
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$3.58M	USD	3 Qtrs
Property and equipment included in accounts payable and accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$2.97M	USD	3 Qtrs
Property and equipment included in accounts payable and accrued expenses and other current liabilities	`CapitalExpendituresIncurredButNotYetPaid`	$4.91M	USD	3 Qtrs
Tax withholdings on stock-based awards included in accrued expenses and other current liabilities	`TaxWithholdingShareBasedPaymentArrangementIncurredButNotYetPaid`	$575.00K	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`	$1.15M	USD	3 Qtrs
Stock-based compensation capitalized for software development costs	`ShareBasedCompensationSoftwareDevelopmentCostsCapitalizedAssetsAcquired`	$1.81M	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
Leasehold improvements acquired through tenant allowances	`PaymentsForTenantImprovements`	$859.00K	USD	3 Qtrs
Leasehold improvements acquired through tenant allowances	`PaymentsForTenantImprovements`	-	USD	3 Qtrs

Stockholders Equity 58 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$742.70M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$538.45M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$613.61M	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`	$653.22M	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
Net income	`NetIncomeLoss`	$128.55M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$30.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$49.77M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.83M	USD	1 Quarter
Issuance of common stock upon vesting or exercise of stock-based awards, net of withholding tax	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$539.00K	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`	$353.00K	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
Forfeiture of unvested common stock	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	-	USD	1 Quarter
Forfeiture of unvested common stock	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	-	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$9.97M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.97M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.63M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.35M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.02M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.48M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.50M	USD	1 Quarter
Compensatory units repurchased	`CompensatoryUnitsRepurchasedDuringPeriodValue`	$160.00K	USD	1 Quarter
Compensatory units repurchased	`CompensatoryUnitsRepurchasedDuringPeriodValue`	$14.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-25.00K	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-16.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$151.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-12.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-314.00K	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-13.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-453.00K	USD	1 Quarter
Capital contributions	`PartnersCapitalAccountContributions`	$200.00K	USD	1 Quarter
Initial public offering, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$242.67M	USD	1 Quarter
Initial public offering, net of offering costs	`StockIssuedDuringPeriodValueNewIssues`	$18.02M	USD	1 Quarter
Repurchase upon Corporate Reorganization	`TreasuryStockValueAcquiredCostMethod`	$10.00K	USD	1 Quarter
Extinguishment of liability awards to equity	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	-	USD	3 Qtrs
Extinguishment of liability awards to equity	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$10.78M	USD	3 Qtrs
Extinguishment of liability awards to equity	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$10.78M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$742.70M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$538.45M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$613.61M	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`	$653.22M	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

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