20-F Filing

RISKIFIED LTD. CIK: 1851112 FY 2023

Filing Information

Form Type	20-F
Accession Number	`0001851112-24-000010`
Period End Date	20231231
Filing Date	20240306
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	rskd-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 47 Cash Flow Statement 168 Stockholders Equity 53 Comprehensive Income 18

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$418.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$188.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$440.84M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	-	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$2.35M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	0.00	shares	Point-in-time
Short-term deposits	`DepositsAssetsCurrent`	$5.00M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	3.04M	shares	Point-in-time
Short-term deposits	`DepositsAssetsCurrent`	$287.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$37.55M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$46.89M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.61M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.37M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$28.97M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$532.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$529.93M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$15.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$18.59M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$29.74M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$35.16M	USD	Point-in-time
Deferred contract acquisition costs	`CapitalizedContractCostNetNoncurrent`	$10.37M	USD	Point-in-time
Deferred contract acquisition costs	`CapitalizedContractCostNetNoncurrent`	$15.56M	USD	Point-in-time
Deferred contract acquisition costs	`CapitalizedContractCostNetNoncurrent`	$14.38M	USD	Point-in-time
Deferred contract acquisition costs	`CapitalizedContractCostNetNoncurrent`	$6.26M	USD	Point-in-time
Other assets, noncurrent	`OtherAssetsNoncurrent`	$8.92M	USD	Point-in-time
Other assets, noncurrent	`OtherAssetsNoncurrent`	$8.69M	USD	Point-in-time
Total assets	`Assets`	$606.98M	USD	Point-in-time
Total assets	`Assets`	$601.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.57M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$24.13M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$24.02M	USD	Point-in-time
Guarantee obligations	`GuaranteeObligationsCurrentCarryingValue`	$12.72M	USD	Point-in-time
Guarantee obligations	`GuaranteeObligationsCurrentCarryingValue`	$12.36M	USD	Point-in-time
Provision for chargebacks, net	`ProvisionForChargebacksCurrent`	$11.98M	USD	Point-in-time
Provision for chargebacks, net	`ProvisionForChargebacksCurrent`	$12.09M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$5.62M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$6.21M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$12.80M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$15.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$69.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$72.61M	USD	Point-in-time
Operating lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$31.20M	USD	Point-in-time
Operating lease liabilities, noncurrent	`OperatingLeaseLiabilityNoncurrent`	$25.69M	USD	Point-in-time
Other liabilities, noncurrent	`OtherLiabilitiesNoncurrent`	$14.71M	USD	Point-in-time
Other liabilities, noncurrent	`OtherLiabilitiesNoncurrent`	$8.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$110.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$112.55M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Treasury shares at cost, 3,038,865 and zero ordinary shares as of December 31, 2023 and 2022, respectively	`TreasuryStockValue`	$13.15M	USD	Point-in-time
Treasury shares at cost, 3,038,865 and zero ordinary shares as of December 31, 2023 and 2022, respectively	`TreasuryStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$848.61M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$916.37M	USD	Point-in-time
Accumulated other comprehensive profit (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$74.00K	USD	Point-in-time
Accumulated other comprehensive profit (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-352.53M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-247.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-411.57M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$-44.03M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$491.72M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$494.44M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$527.60M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$606.98M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$601.93M	USD	Point-in-time

Income Statement 47 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$261.25M	USD	Annual
Revenue	`Revenues`	$297.61M	USD	Annual
Revenue	`Revenues`	$229.14M	USD	Annual
Cost of revenue	`CostOfRevenue`	$106.17M	USD	Annual
Cost of revenue	`CostOfRevenue`	$126.15M	USD	Annual
Cost of revenue	`CostOfRevenue`	$145.09M	USD	Annual
Gross profit	`GrossProfit`	$122.97M	USD	Annual
Gross profit	`GrossProfit`	$152.52M	USD	Annual
Gross profit	`GrossProfit`	$135.10M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$55.30M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$72.01M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$71.58M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$88.44M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$88.44M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$70.71M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$52.90M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$69.35M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$83.99M	USD	Annual
Total operating expenses	`OperatingExpenses`	$178.91M	USD	Annual
Total operating expenses	`OperatingExpenses`	$229.37M	USD	Annual
Total operating expenses	`OperatingExpenses`	$244.44M	USD	Annual
Operating profit (loss)	`OperatingIncomeLoss`	$-109.35M	USD	Annual
Operating profit (loss)	`OperatingIncomeLoss`	$-76.85M	USD	Annual
Operating profit (loss)	`OperatingIncomeLoss`	$-55.94M	USD	Annual
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$22.77M	USD	Annual
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$591.00K	USD	Annual
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$10.18M	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-122.52M	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$837.00K	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$505.00K	USD	Annual
Profit (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-177.87M	USD	Annual
Profit (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-53.24M	USD	Annual
Profit (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-98.66M	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$1.56M	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$5.80M	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$6.04M	USD	Annual
Net profit (loss)	`NetIncomeLoss`	$-59.03M	USD	Annual
Net profit (loss)	`NetIncomeLoss`	$-179.43M	USD	Annual
Net profit (loss)	`NetIncomeLoss`	$-104.70M	USD	Annual
Net profit (loss) per share attributable to ordinary shareholders, basic (in dollars per share)	`EarningsPerShareBasic`	$0.62	USD	Annual
Net profit (loss) per share attributable to ordinary shareholders, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.62	USD	Annual
Weighted-average shares used in computing net profit (loss) per share attributable to ordinary shareholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	167.67M	shares	Annual
Weighted-average shares used in computing net profit (loss) per share attributable to ordinary shareholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	176.77M	shares	Annual
Weighted-average shares used in computing net profit (loss) per share attributable to ordinary shareholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	76.46M	shares	Annual
Weighted-average shares used in computing net profit (loss) per share attributable to ordinary shareholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	176.77M	shares	Annual
Weighted-average shares used in computing net profit (loss) per share attributable to ordinary shareholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	167.67M	shares	Annual
Weighted-average shares used in computing net profit (loss) per share attributable to ordinary shareholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	76.46M	shares	Annual

Cash Flow Statement 168 line items

Line Item	Tag	Value	Unit	Period
Net profit (loss)	`NetIncomeLoss`	$-59.03M	USD	Annual
Net profit (loss)	`NetIncomeLoss`	$-179.43M	USD	Annual
Net profit (loss)	`NetIncomeLoss`	$-104.70M	USD	Annual
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$2.88M	USD	Annual
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$850.00K	USD	Annual
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-382.00K	USD	Annual
Provision for (benefit from) account receivable allowances	`ProvisionForDoubtfulAccounts`	$198.00K	USD	Annual
Provision for (benefit from) account receivable allowances	`ProvisionForDoubtfulAccounts`	$268.00K	USD	Annual
Provision for (benefit from) account receivable allowances	`ProvisionForDoubtfulAccounts`	$3.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.99M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.57M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.61M	USD	Annual
Amortization of capitalized internal-use software costs	`CapitalizedComputerSoftwareAmortization1`	$667.00K	USD	Annual
Amortization of capitalized internal-use software costs	`CapitalizedComputerSoftwareAmortization1`	$1.53M	USD	Annual
Amortization of capitalized internal-use software costs	`CapitalizedComputerSoftwareAmortization1`	$446.00K	USD	Annual
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$9.57M	USD	Annual
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$7.13M	USD	Annual
Amortization of deferred contract costs	`CapitalizedContractCostAmortization`	$4.67M	USD	Annual
Remeasurement of convertible preferred share warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	Annual
Remeasurement of convertible preferred share warrant liabilities	`FairValueAdjustmentOfWarrants`	$101.41M	USD	Annual
Remeasurement of convertible preferred share warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	Annual
Remeasurement of convertible preferred share tranche rights	`FairValueAdjustmentOfRights`	-	USD	Annual
Remeasurement of convertible preferred share tranche rights	`FairValueAdjustmentOfRights`	$21.26M	USD	Annual
Remeasurement of convertible preferred share tranche rights	`FairValueAdjustmentOfRights`	-	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$33.36M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$62.41M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$67.47M	USD	Annual
Operating Lease, Right-of-Use Asset, Amortization Expense	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$4.21M	USD	Annual
Operating Lease, Right-of-Use Asset, Amortization Expense	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$4.61M	USD	Annual
Operating Lease, Right-of-Use Asset, Amortization Expense	`OperatingLeaseRightOfUseAssetAmortizationExpense`	-	USD	Annual
Interest Income, Deposit with Financial Institution, Increase (Decrease)	`InterestIncomeDepositWithFinancialInstitutionIncreaseDecrease`	$-2.59M	USD	Annual
Interest Income, Deposit with Financial Institution, Increase (Decrease)	`InterestIncomeDepositWithFinancialInstitutionIncreaseDecrease`	-	USD	Annual
Interest Income, Deposit with Financial Institution, Increase (Decrease)	`InterestIncomeDepositWithFinancialInstitutionIncreaseDecrease`	$4.61M	USD	Annual
Ordinary share warrants issued to a customer	`ProceedsFromIssuanceOfWarrantsOperatingActivities`	$1.54M	USD	Annual
Ordinary share warrants issued to a customer	`ProceedsFromIssuanceOfWarrantsOperatingActivities`	$777.00K	USD	Annual
Ordinary share warrants issued to a customer	`ProceedsFromIssuanceOfWarrantsOperatingActivities`	$1.53M	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-161.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$121.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-180.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.72M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.69M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.44M	USD	Annual
Deferred contract acquisition costs	`IncreaseDecreaseInCapitalizedContractCost`	$7.74M	USD	Annual
Deferred contract acquisition costs	`IncreaseDecreaseInCapitalizedContractCost`	$8.89M	USD	Annual
Deferred contract acquisition costs	`IncreaseDecreaseInCapitalizedContractCost`	$9.71M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.08M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.62M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.03M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$373.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-832.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.93M	USD	Annual
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$291.00K	USD	Annual
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-199.00K	USD	Annual
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$8.40M	USD	Annual
Guarantee obligations	`IncreaseDecreaseInGuarantorObligations`	$249.00K	USD	Annual
Guarantee obligations	`IncreaseDecreaseInGuarantorObligations`	$-333.00K	USD	Annual
Guarantee obligations	`IncreaseDecreaseInGuarantorObligations`	$358.00K	USD	Annual
Provision for chargebacks, net	`IncreaseDecreaseInProvisionForChargebacks`	$112.00K	USD	Annual
Provision for chargebacks, net	`IncreaseDecreaseInProvisionForChargebacks`	$-40.00K	USD	Annual
Provision for chargebacks, net	`IncreaseDecreaseInProvisionForChargebacks`	$1.44M	USD	Annual
Increase (Decrease) in Operating Lease Liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-4.58M	USD	Annual
Increase (Decrease) in Operating Lease Liability	`IncreaseDecreaseInOperatingLeaseLiability`	-	USD	Annual
Increase (Decrease) in Operating Lease Liability	`IncreaseDecreaseInOperatingLeaseLiability`	$-2.61M	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$7.42M	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$5.13M	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$8.71M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-26.25M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.28M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.28M	USD	Annual
Purchases of short-term deposits	`PaymentsToAcquireShortTermInvestments`	$55.00M	USD	Annual
Purchases of short-term deposits	`PaymentsToAcquireShortTermInvestments`	$463.75M	USD	Annual
Purchases of short-term deposits	`PaymentsToAcquireShortTermInvestments`	$110.00M	USD	Annual
Maturities of short-term deposits	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$261.75M	USD	Annual
Maturities of short-term deposits	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$39.06M	USD	Annual
Maturities of short-term deposits	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$337.00M	USD	Annual
Purchases of investments	`PaymentsToAcquireInvestments`	-	USD	Annual
Purchases of investments	`PaymentsToAcquireInvestments`	$29.09M	USD	Annual
Purchases of investments	`PaymentsToAcquireInvestments`	-	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.35M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.25M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.13M	USD	Annual
Capitalized software development costs	`PaymentsToDevelopSoftware`	$1.25M	USD	Annual
Capitalized software development costs	`PaymentsToDevelopSoftware`	$1.89M	USD	Annual
Capitalized software development costs	`PaymentsToDevelopSoftware`	-	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-84.44M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$251.56M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-210.01M	USD	Annual
Proceeds from issuance of convertible preferred shares and warrants, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	Annual
Proceeds from issuance of convertible preferred shares and warrants, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$26.78M	USD	Annual
Proceeds from issuance of convertible preferred shares and warrants, net of issuance costs	`ProceedsFromIssuanceOfConvertiblePreferredStock`	-	USD	Annual
Proceeds from cash exercise of series E-1 convertible preferred share warrants	`ProceedsFromWarrantExercises`	-	USD	Annual
Proceeds from cash exercise of series E-1 convertible preferred share warrants	`ProceedsFromWarrantExercises`	-	USD	Annual
Proceeds from cash exercise of series E-1 convertible preferred share warrants	`ProceedsFromWarrantExercises`	$6.49M	USD	Annual
Proceeds from exercise of share options	`ProceedsFromStockOptionsExercised`	$4.06M	USD	Annual
Proceeds from exercise of share options	`ProceedsFromStockOptionsExercised`	$3.84M	USD	Annual
Proceeds from exercise of share options	`ProceedsFromStockOptionsExercised`	$2.95M	USD	Annual
Proceeds from initial public offering, net of underwriting discounts and commissions	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	Annual
Proceeds from initial public offering, net of underwriting discounts and commissions	`ProceedsFromIssuanceInitialPublicOffering`	$392.27M	USD	Annual
Proceeds from initial public offering, net of underwriting discounts and commissions	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	Annual
Payments of deferred offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	Annual
Payments of deferred offering costs	`PaymentsOfStockIssuanceCosts`	$5.30M	USD	Annual
Payments of deferred offering costs	`PaymentsOfStockIssuanceCosts`	$204.00K	USD	Annual
Purchases of treasury shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Purchases of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$13.15M	USD	Annual
Purchases of treasury shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.85M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.31M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$423.19M	USD	Annual
Effects of exchange rates on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$297.00K	USD	Annual
Effects of exchange rates on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Annual
Effects of exchange rates on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.70M	USD	Annual
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$318.47M	USD	Annual
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-234.11M	USD	Annual
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$249.82M	USD	Annual
Cash, cash equivalents, and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$440.84M	USD	Point-in-time
Cash, cash equivalents, and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$191.02M	USD	Point-in-time
Cash, cash equivalents, and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.66M	USD	Point-in-time
Cash, cash equivalents, and restricted cashbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$425.13M	USD	Point-in-time
Cash, cash equivalents, and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$440.84M	USD	Point-in-time
Cash, cash equivalents, and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$191.02M	USD	Point-in-time
Cash, cash equivalents, and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.66M	USD	Point-in-time
Cash, cash equivalents, and restricted cashend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$425.13M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$17.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$18.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$647.00K	USD	Annual
Payments for Rent	`PaymentsForRent`	-	USD	Annual
Payments for Rent	`PaymentsForRent`	$4.36M	USD	Annual
Payments for Rent	`PaymentsForRent`	$6.08M	USD	Annual
Operating lease liabilities arising from obtaining right-of-use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$792.00K	USD	Annual
Operating lease liabilities arising from obtaining right-of-use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	Annual
Operating lease liabilities arising from obtaining right-of-use assets	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	Annual
Adjustment to ROU assets upon modification of existing lease	`OperatingLeaseRightOfUseAssetLeaseModificationAdjustment`	-	USD	Annual
Adjustment to ROU assets upon modification of existing lease	`OperatingLeaseRightOfUseAssetLeaseModificationAdjustment`	$811.00K	USD	Annual
Adjustment to ROU assets upon modification of existing lease	`OperatingLeaseRightOfUseAssetLeaseModificationAdjustment`	-	USD	Annual
Purchases of property and equipment during the period included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$97.00K	USD	Annual
Purchases of property and equipment during the period included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$2.04M	USD	Annual
Purchases of property and equipment during the period included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$926.00K	USD	Annual
Share-based compensation capitalized for software development	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$131.00K	USD	Annual
Share-based compensation capitalized for software development	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	-	USD	Annual
Share-based compensation capitalized for software development	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$299.00K	USD	Annual
Software development costs, accrued but not paid	`SoftwareDevelopmentExpendituresIncurredButNotYetPaid`	-	USD	Annual
Software development costs, accrued but not paid	`SoftwareDevelopmentExpendituresIncurredButNotYetPaid`	-	USD	Annual
Software development costs, accrued but not paid	`SoftwareDevelopmentExpendituresIncurredButNotYetPaid`	$485.00K	USD	Annual
Deferred offering costs accrued but not paid	`DeferredOfferingCostsIncurredButNotYetPaid`	$204.00K	USD	Annual
Deferred offering costs accrued but not paid	`DeferredOfferingCostsIncurredButNotYetPaid`	-	USD	Annual
Deferred offering costs accrued but not paid	`DeferredOfferingCostsIncurredButNotYetPaid`	-	USD	Annual
Conversion of convertible preferred shares into Class A ordinary shares upon IPO	`ConversionOfStockAmountConverted1`	-	USD	Annual
Conversion of convertible preferred shares into Class A ordinary shares upon IPO	`ConversionOfStockAmountConverted1`	$291.30M	USD	Annual
Conversion of convertible preferred shares into Class A ordinary shares upon IPO	`ConversionOfStockAmountConverted1`	-	USD	Annual
Reclassification of convertible preferred share warrants upon IPO	`AdjustmentsToAdditionalPaidInCapitalReclassificationOfWarrantsIncludingPortionAttributableToTemporaryEquity`	-	USD	Annual
Reclassification of convertible preferred share warrants upon IPO	`AdjustmentsToAdditionalPaidInCapitalReclassificationOfWarrantsIncludingPortionAttributableToTemporaryEquity`	$110.50M	USD	Annual
Reclassification of convertible preferred share warrants upon IPO	`AdjustmentsToAdditionalPaidInCapitalReclassificationOfWarrantsIncludingPortionAttributableToTemporaryEquity`	-	USD	Annual
Elimination of ordinary share par value and issuance of Class B ordinary shares upon Recapitalization	`AdjustmentsToAdditionalPaidInCapitalEliminationOfParValueUponRecapitalization`	-	USD	Annual
Elimination of ordinary share par value and issuance of Class B ordinary shares upon Recapitalization	`AdjustmentsToAdditionalPaidInCapitalEliminationOfParValueUponRecapitalization`	-	USD	Annual
Elimination of ordinary share par value and issuance of Class B ordinary shares upon Recapitalization	`AdjustmentsToAdditionalPaidInCapitalEliminationOfParValueUponRecapitalization`	$4.00K	USD	Annual
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$418.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$188.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$440.84M	USD	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.35M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$6.98M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$440.84M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$191.02M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.66M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$425.13M	USD	Point-in-time

Stockholders Equity 53 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Beginning balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Beginning balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Beginning balance (in shares)	`TemporaryEquitySharesOutstanding`	29.88M	shares	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$159.56M	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Reclassification of convertible preferred share warrants upon IPO	`TemporaryEquityAdjustmentsToAdditionalPaidInCapitalReclassificationOfWarrants`	$74.72M	USD	Annual
Conversion of Preferred Shares into Class A Ordinary Shares upon IPO (in shares)	`TemporaryEquityStockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	32.29M	shares	Annual
Conversion of convertible preferred shares into Class A ordinary shares upon IPO	`TemporaryEquityStockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$291.30M	USD	Annual
Ending balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Ending balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Ending balance (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Ending balance (in shares)	`TemporaryEquitySharesOutstanding`	29.88M	shares	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$159.56M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-44.03M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$491.72M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$494.44M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$527.60M	USD	Point-in-time
Conversion of Preferred Shares into Ordinary Shares upon IPO	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$291.30M	USD	Annual
Reclassification of convertible preferred share warrants upon IPO	`AdjustmentsToAdditionalPaidInCapitalReclassificationOfWarrants`	$35.78M	USD	Annual
Issuance of Class A ordinary shares upon IPO, net of underwriting discounts and commissions and other issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$386.59M	USD	Annual
Elimination of ordinary share par value and issuance of Class B ordinary shares upon Recapitalization	`AdjustmentsToAdditionalPaidInCapitalEliminationOfParValueUponRecapitalization`	-	USD	Annual
Elimination of ordinary share par value and issuance of Class B ordinary shares upon Recapitalization	`AdjustmentsToAdditionalPaidInCapitalEliminationOfParValueUponRecapitalization`	-	USD	Annual
Elimination of ordinary share par value and issuance of Class B ordinary shares upon Recapitalization	`AdjustmentsToAdditionalPaidInCapitalEliminationOfParValueUponRecapitalization`	$4.00K	USD	Annual
Issuance of ordinary shares upon exercise of share options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	3.01M	shares	Annual
Issuance of ordinary shares upon exercise of share options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.82M	USD	Annual
Issuance of ordinary shares upon exercise of share options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.95M	USD	Annual
Issuance of ordinary shares upon exercise of share options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$4.06M	USD	Annual
Purchase of Treasury shares (in shares)	`TreasuryStockSharesAcquired`	3.04M	shares	Annual
Purchase of Treasury shares	`TreasuryStockValueAcquiredCostMethod`	$13.15M	USD	Annual
Exchange of Class B ordinary shares to Class A ordinary shares (in shares)	`StockIssuedDuringPeriodSharesConversionOfUnits`	0.00	shares	Annual
Exchange of Class B ordinary shares to Class A ordinary shares (in shares)	`StockIssuedDuringPeriodSharesConversionOfUnits`	0.00	shares	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$33.49M	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$62.41M	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$67.77M	USD	Annual
Ordinary share warrants issued to a customer	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$1.53M	USD	Annual
Ordinary share warrants issued to a customer	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$1.54M	USD	Annual
Ordinary share warrants issued to a customer	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$777.00K	USD	Annual
Other comprehensive profit (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.71M	USD	Annual
Other comprehensive profit (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.81M	USD	Annual
Other comprehensive profit (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$176.00K	USD	Annual
Net profit (loss)	`NetIncomeLoss`	$-59.03M	USD	Annual
Net profit (loss)	`NetIncomeLoss`	$-179.43M	USD	Annual
Net profit (loss)	`NetIncomeLoss`	$-104.70M	USD	Annual
Ending balance	`StockholdersEquity`	$-44.03M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$491.72M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$494.44M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$527.60M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net profit (loss)	`NetIncomeLoss`	$-59.03M	USD	Annual
Net profit (loss)	`NetIncomeLoss`	$-179.43M	USD	Annual
Net profit (loss)	`NetIncomeLoss`	$-104.70M	USD	Annual
Unrealized gains (losses) on derivative instruments, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-1.88M	USD	Annual
Unrealized gains (losses) on derivative instruments, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$176.00K	USD	Annual
Unrealized gains (losses) on derivative instruments, net	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$1.63M	USD	Annual
Unrealized gains (losses) on available-for-sale debt securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	Annual
Unrealized gains (losses) on available-for-sale debt securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	Annual
Unrealized gains (losses) on available-for-sale debt securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$86.00K	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$68.00K	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-7.00K	USD	Annual
Other comprehensive profit (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.71M	USD	Annual
Other comprehensive profit (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.81M	USD	Annual
Other comprehensive profit (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$176.00K	USD	Annual
Comprehensive profit (loss)	`ComprehensiveIncomeNetOfTax`	$-179.25M	USD	Annual
Comprehensive profit (loss)	`ComprehensiveIncomeNetOfTax`	$-57.32M	USD	Annual
Comprehensive profit (loss)	`ComprehensiveIncomeNetOfTax`	$-106.52M	USD	Annual

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