10-Q Filing

Nextpower Inc. CIK: 1852131 Q1 2025

Filing Information

Form Type	10-Q
Accession Number	`0001852131-24-000015`
Period End Date	20240630
Filing Date	20240806
Fiscal Year	2025
Fiscal Period	Q1
XBRL Instance	nxt-20240628_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 128 Income Statement 68 Cash Flow Statement 76 Stockholders Equity 40

Balance Sheet 128 line items

Line Item	Tag	Value	Unit	Period
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.87M	USD	Point-in-time
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.87M	USD	Point-in-time
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.02M	USD	Point-in-time
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$474.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$474.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$471.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$471.88M	USD	Point-in-time
Accounts receivable, net of allowance of $4,020 and $3,872, respectively	`AccountsReceivableNetCurrent`	$401.94M	USD	Point-in-time
Accounts receivable, net of allowance of $4,020 and $3,872, respectively	`AccountsReceivableNetCurrent`	$401.94M	USD	Point-in-time
Accounts receivable, net of allowance of $4,020 and $3,872, respectively	`AccountsReceivableNetCurrent`	$382.69M	USD	Point-in-time
Accounts receivable, net of allowance of $4,020 and $3,872, respectively	`AccountsReceivableNetCurrent`	$382.69M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$361.94M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$361.94M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$397.12M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$397.12M	USD	Point-in-time
Inventories	`InventoryNet`	$201.74M	USD	Point-in-time
Inventories	`InventoryNet`	$201.74M	USD	Point-in-time
Inventories	`InventoryNet`	$166.02M	USD	Point-in-time
Inventories	`InventoryNet`	$166.02M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$312.63M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$312.63M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$295.63M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$295.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.70B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.70B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.77B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.77B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$35.26M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$35.26M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.24M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.24M	USD	Point-in-time
Goodwill	`Goodwill`	$265.15M	USD	Point-in-time
Goodwill	`Goodwill`	$265.15M	USD	Point-in-time
Goodwill	`Goodwill`	$328.38M	USD	Point-in-time
Goodwill	`Goodwill`	$328.38M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.55M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.55M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$46.46M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$46.46M	USD	Point-in-time
Deferred Income Tax Assets, Net	`DeferredIncomeTaxAssetsNet`	$438.27M	USD	Point-in-time
Deferred Income Tax Assets, Net	`DeferredIncomeTaxAssetsNet`	$438.27M	USD	Point-in-time
Deferred Income Tax Assets, Net	`DeferredIncomeTaxAssetsNet`	$463.00M	USD	Point-in-time
Deferred Income Tax Assets, Net	`DeferredIncomeTaxAssetsNet`	$463.00M	USD	Point-in-time
Other assets	`OtherAssets`	$56.41M	USD	Point-in-time
Other assets	`OtherAssets`	$56.41M	USD	Point-in-time
Other assets	`OtherAssets`	$36.34M	USD	Point-in-time
Other assets	`OtherAssets`	$36.34M	USD	Point-in-time
Total assets	`Assets`	$2.52B	USD	Point-in-time
Total assets	`Assets`	$2.52B	USD	Point-in-time
Total assets	`Assets`	$2.63B	USD	Point-in-time
Total assets	`Assets`	$2.63B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$456.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$456.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$387.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$387.40M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$69.03M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$69.03M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$82.41M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$82.41M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$225.54M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$225.54M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$218.56M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$218.56M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$3.75M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$3.75M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$4.69M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$4.69M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$123.28M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$123.28M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$123.15M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$123.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$802.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$802.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$891.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$891.49M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$143.97M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$143.97M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$142.24M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$142.24M	USD	Point-in-time
Tax receivable agreement (TRA) liability	`LiabilitiesRelatingToTaxReceivableAgreement`	$391.57M	USD	Point-in-time
Tax receivable agreement (TRA) liability	`LiabilitiesRelatingToTaxReceivableAgreement`	$391.57M	USD	Point-in-time
Tax receivable agreement (TRA) liability	`LiabilitiesRelatingToTaxReceivableAgreement`	$399.05M	USD	Point-in-time
Tax receivable agreement (TRA) liability	`LiabilitiesRelatingToTaxReceivableAgreement`	$399.05M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$99.73M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$99.73M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$146.05M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$146.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.53B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.53B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.49B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.49B	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.94B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.94B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.07B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.07B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$4.03B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$4.03B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$4.07B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$4.07B	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$17.00K	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$17.00K	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-522.00K	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-522.00K	USD	Point-in-time
Total Nextracker Inc. stockholders' equity	`StockholdersEquity`	$1.12B	USD	Point-in-time
Total Nextracker Inc. stockholders' equity	`StockholdersEquity`	$1.12B	USD	Point-in-time
Total Nextracker Inc. stockholders' equity	`StockholdersEquity`	$961.01M	USD	Point-in-time
Total Nextracker Inc. stockholders' equity	`StockholdersEquity`	$961.01M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$15.24M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$15.24M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$31.02M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$31.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.35B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.35B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$992.03M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$992.03M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.14B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.14B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.08B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.08B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.52B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.52B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.63B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.63B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$719.92M	USD	1 Quarter
Revenue	`Revenues`	$719.92M	USD	1 Quarter
Revenue	`Revenues`	$479.54M	USD	1 Quarter
Revenue	`Revenues`	$479.54M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$482.48M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$482.48M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$365.80M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$365.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$113.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$113.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$237.44M	USD	1 Quarter
Gross profit	`GrossProfit`	$237.44M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$60.83M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$60.83M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$34.23M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$34.23M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$16.52M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$16.52M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$5.63M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$5.63M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$160.09M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$160.09M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$73.88M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$73.88M	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-3.10M	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-3.10M	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-3.28M	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNonoperatingNet`	$-3.28M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$1.97M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$1.97M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-4.87M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-4.87M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$151.95M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$151.95M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$72.75M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$72.75M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$27.15M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$27.15M	USD	1 Quarter
Net income and comprehensive income	`ProfitLoss`	$124.79M	USD	1 Quarter
Net income and comprehensive income	`ProfitLoss`	$124.79M	USD	1 Quarter
Net income and comprehensive income	`ProfitLoss`	$63.65M	USD	1 Quarter
Net income and comprehensive income	`ProfitLoss`	$63.65M	USD	1 Quarter
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.09M	USD	1 Quarter
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.09M	USD	1 Quarter
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$43.22M	USD	1 Quarter
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$43.22M	USD	1 Quarter
Net income attributable to Nextracker Inc.	`NetIncomeLoss`	$121.70M	USD	1 Quarter
Net income attributable to Nextracker Inc.	`NetIncomeLoss`	$121.70M	USD	1 Quarter
Net income attributable to Nextracker Inc.	`NetIncomeLoss`	$20.43M	USD	1 Quarter
Net income attributable to Nextracker Inc.	`NetIncomeLoss`	$20.43M	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.86	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.86	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.84	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.84	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.41M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.41M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	142.10M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	142.10M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	149.23M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	149.23M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	146.87M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	146.87M	shares	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$124.79M	USD	1 Quarter
Net income	`ProfitLoss`	$124.79M	USD	1 Quarter
Net income	`ProfitLoss`	$63.65M	USD	1 Quarter
Net income	`ProfitLoss`	$63.65M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$941.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$941.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.05M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.05M	USD	1 Quarter
Changes in working capital and other, net	`IncreaseDecreaseInOperatingCapital`	$-161.08M	USD	1 Quarter
Changes in working capital and other, net	`IncreaseDecreaseInOperatingCapital`	$-161.08M	USD	1 Quarter
Changes in working capital and other, net	`IncreaseDecreaseInOperatingCapital`	$4.89M	USD	1 Quarter
Changes in working capital and other, net	`IncreaseDecreaseInOperatingCapital`	$4.89M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$120.85M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$120.85M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$225.77M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$225.77M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$694.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$694.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.89M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.89M	USD	1 Quarter
Payment for business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payment for business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payment for business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$110.17M	USD	1 Quarter
Payment for business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$110.17M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-694.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-694.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-113.06M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-113.06M	USD	1 Quarter
Repayment of bank borrowings	`RepaymentsOfLongTermDebt`	$937.00K	USD	1 Quarter
Repayment of bank borrowings	`RepaymentsOfLongTermDebt`	$937.00K	USD	1 Quarter
Repayment of bank borrowings	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Repayment of bank borrowings	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payment of revolver issuance cost	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payment of revolver issuance cost	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payment of revolver issuance cost	`PaymentsOfDebtIssuanceCosts`	$3.71M	USD	1 Quarter
Payment of revolver issuance cost	`PaymentsOfDebtIssuanceCosts`	$3.71M	USD	1 Quarter
Distribution to non-controlling interest holders	`PreInitialPublicOfferDistributionToNoncontrollingInterestHolders`	$5.31M	USD	1 Quarter
Distribution to non-controlling interest holders	`PreInitialPublicOfferDistributionToNoncontrollingInterestHolders`	$5.31M	USD	1 Quarter
Distribution to non-controlling interest holders	`PreInitialPublicOfferDistributionToNoncontrollingInterestHolders`	-	USD	1 Quarter
Distribution to non-controlling interest holders	`PreInitialPublicOfferDistributionToNoncontrollingInterestHolders`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.97M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.97M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.17M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.17M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$225.07M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$225.07M	USD	1 Quarter
Cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$471.88M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$471.88M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$130.01M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$130.01M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$355.08M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$355.08M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$474.05M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$474.05M	USD	Point-in-time
Cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$471.88M	USD	Point-in-time
Cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$471.88M	USD	Point-in-time
Cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$130.01M	USD	Point-in-time
Cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$130.01M	USD	Point-in-time
Cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$355.08M	USD	Point-in-time
Cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$355.08M	USD	Point-in-time
Cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$474.05M	USD	Point-in-time
Cash and cash equivalents end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$474.05M	USD	Point-in-time
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$612.00K	USD	1 Quarter
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$612.00K	USD	1 Quarter
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$155.00K	USD	1 Quarter
Unpaid purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$155.00K	USD	1 Quarter
Right-of-use assets obtained in exchange of lease liabilities	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	$11.16M	USD	1 Quarter
Right-of-use assets obtained in exchange of lease liabilities	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	$11.16M	USD	1 Quarter
Right-of-use assets obtained in exchange of lease liabilities	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	-	USD	1 Quarter
Right-of-use assets obtained in exchange of lease liabilities	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	-	USD	1 Quarter
TRA revaluation	`TaxReceivableAgreementRevaluation`	$3.76M	USD	1 Quarter
TRA revaluation	`TaxReceivableAgreementRevaluation`	$3.76M	USD	1 Quarter
TRA revaluation	`TaxReceivableAgreementRevaluation`	-	USD	1 Quarter
TRA revaluation	`TaxReceivableAgreementRevaluation`	-	USD	1 Quarter

Stockholders Equity 40 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.35B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.35B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$992.03M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$992.03M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.14B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.14B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.08B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.08B	USD	Point-in-time
Net income	`NetIncomeLoss`	$121.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$121.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.43M	USD	1 Quarter
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$20.43M	USD	1 Quarter
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$20.43M	USD	1 Quarter
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$124.79M	USD	1 Quarter
Net income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$124.79M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.64M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.64M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$21.90M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$21.90M	USD	1 Quarter
Shares exchanged by non-controlling interest holders	`NoncontrollingInterestSharesExchangedByNoncontrollingInterestHolders`	-	USD	1 Quarter
Shares exchanged by non-controlling interest holders	`NoncontrollingInterestSharesExchangedByNoncontrollingInterestHolders`	-	USD	1 Quarter
TRA revaluation	`TaxReceivableAgreementRevaluation`	$3.76M	USD	1 Quarter
TRA revaluation	`TaxReceivableAgreementRevaluation`	$3.76M	USD	1 Quarter
TRA revaluation	`TaxReceivableAgreementRevaluation`	-	USD	1 Quarter
TRA revaluation	`TaxReceivableAgreementRevaluation`	-	USD	1 Quarter
Tax distribution	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$5.31M	USD	1 Quarter
Tax distribution	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$5.31M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-539.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-539.00K	USD	1 Quarter
Redemption value adjustment	`IncreaseInCarryingAmountOfRedeemablePreferredStock`	$305.68M	USD	1 Quarter
Redemption value adjustment	`IncreaseInCarryingAmountOfRedeemablePreferredStock`	$305.68M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.35B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.35B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$992.03M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$992.03M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.14B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.14B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.08B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.08B	USD	Point-in-time

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