10-Q Filing

Fluence Energy, Inc. CIK: 1868941 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001868941-22-000009`
Period End Date	20211231
Filing Date	20220211
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	flnc-20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 40 Cash Flow Statement 85 Stockholders Equity 22

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Trade receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$90.00K	USD	Point-in-time
Trade receivable, allowance for credit loss	`AllowanceForDoubtfulAccountsReceivableCurrent`	$88.00K	USD	Point-in-time
Mezzznine equity, shares issued (in shares)	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$632.14M	USD	Point-in-time
Mezzanine equity, shares outstanding (in shares)	`TemporaryEquitySharesOutstanding`	18.49M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.83M	USD	Point-in-time
Trade receivables, net of allowances ($88 and $90 at December 31 and September 30, 2021, respectively)	`AccountsReceivableNetCurrent`	$56.14M	USD	Point-in-time
Trade receivables, net of allowances ($88 and $90 at December 31 and September 30, 2021, respectively)	`AccountsReceivableNetCurrent`	$46.66M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Unbilled receivables	`ContractWithCustomerAssetNetCurrent`	$101.97M	USD	Point-in-time
Unbilled receivables	`ContractWithCustomerAssetNetCurrent`	$86.93M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables from related parties	`DueFromRelatedPartiesCurrent`	$48.39M	USD	Point-in-time
Receivables from related parties	`DueFromRelatedPartiesCurrent`	$33.36M	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$40.59M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$9.74M	USD	Point-in-time
Inventory, net	`InventoryNet`	$442.36M	USD	Point-in-time
Inventory, net	`InventoryNet`	$389.79M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$74.79M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$43.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$661.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.38B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.21M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.57M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$35.15M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$36.06M	USD	Point-in-time
Goodwill	`Goodwill`	$9.18M	USD	Point-in-time
Goodwill	`Goodwill`	$9.17M	USD	Point-in-time
Goodwill	`Goodwill`	$4.73M	USD	Point-in-time
Goodwill	`Goodwill`	$9.20M	USD	Point-in-time
Deferred income tax asset	`DeferredIncomeTaxAssetsNet`	$1.18M	USD	Point-in-time
Deferred income tax asset	`DeferredIncomeTaxAssetsNet`	$1.18M	USD	Point-in-time
Other Assets, Noncurrent	`OtherAssetsNoncurrent`	$47.26M	USD	Point-in-time
Other Assets, Noncurrent	`OtherAssetsNoncurrent`	$1.54M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$101.32M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$56.16M	USD	Point-in-time
Total assets	`Assets`	$1.48B	USD	Point-in-time
Total assets	`Assets`	$717.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$92.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$158.37M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityConsolidatedEntitiesExcludingAffiliatedEntitiesCurrent`	$71.36M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityConsolidatedEntitiesExcludingAffiliatedEntitiesCurrent`	$145.76M	USD	Point-in-time
Borrowing from line of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Borrowing from line of credit	`LinesOfCreditCurrent`	$50.00M	USD	Point-in-time
Borrowing from related parties	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$50.00M	USD	Point-in-time
Borrowing from related parties	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	-	USD	Point-in-time
Personnel related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$22.99M	USD	Point-in-time
Personnel related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$12.86M	USD	Point-in-time
Accruals and provisions	`AccruedLiabilitiesCurrent`	$214.84M	USD	Point-in-time
Accruals and provisions	`AccruedLiabilitiesCurrent`	$186.14M	USD	Point-in-time
Payables and deferred revenue with related parties	`DueToRelatedPartiesAndContractWithCustomerAffiliatedEntitiesLiabilityCurrent`	$206.02M	USD	Point-in-time
Payables and deferred revenue with related parties	`DueToRelatedPartiesAndContractWithCustomerAffiliatedEntitiesLiabilityCurrent`	$227.93M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$17.76M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$12.89M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.17M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$771.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$702.36M	USD	Point-in-time
Personnel related liabilities	`EmployeeRelatedLiabilitiesNoncurrent`	$1.61M	USD	Point-in-time
Personnel related liabilities	`EmployeeRelatedLiabilitiesNoncurrent`	$1.86M	USD	Point-in-time
Accruals and provisions	`AccruedLiabilitiesNoncurrent`	$340.00K	USD	Point-in-time
Accruals and provisions	`AccruedLiabilitiesNoncurrent`	$774.00K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$2.20M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$2.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$773.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$704.55M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Mezzanine equity (0 and 18,493,275 units issued and outstanding as of December 31, 2021 and September 30, 2021, respectively)	`TemporaryEquityCarryingAmountAttributableToParent`	$117.23M	USD	Point-in-time
Members capital contributions	`MembersCapital`	$106.15M	USD	Point-in-time
Preferred stock, $0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of December 31, 2021.	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$281.35M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-285.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-279.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.80M	USD	Point-in-time
Total stockholder's equity attributable to Fluence Energy, Inc	`StockholdersEquity`	$252.55M	USD	Point-in-time
Total stockholder's equity attributable to Members' deficit	`MembersEquity`	$-173.43M	USD	Point-in-time
Total stockholder's equity attributable to Members' deficit	`MembersEquity`	$-30.57M	USD	Point-in-time
Total stockholder's equity attributable to Members' deficit	`MembersEquity`	$-17.23M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$525.55M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$778.10M	USD	Point-in-time
Total liabilities, stockholders equity, members deficit, and mezzanine equity	`LiabilitiesAndStockholdersEquity`	$1.48B	USD	Point-in-time
Total liabilities, stockholders equity, members deficit, and mezzanine equity	`LiabilitiesAndStockholdersEquity`	$717.67M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$174.89M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$116.23M	USD	1 Quarter
Cost of goods and services	`CostOfGoodsAndServicesSold`	$111.43M	USD	1 Quarter
Cost of goods and services	`CostOfGoodsAndServicesSold`	$228.04M	USD	1 Quarter
Gross (loss) profit	`GrossProfit`	$-53.15M	USD	1 Quarter
Gross (loss) profit	`GrossProfit`	$4.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$10.76M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.14M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$13.06M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$4.74M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$31.20M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.72M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.07M	USD	1 Quarter
Interest expense	`InterestExpense`	$682.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$89.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-826.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$156.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-111.10M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.81M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$685.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$358.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-111.46M	USD	1 Quarter
Net loss	`ProfitLoss`	$-12.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-20.32M	USD	Point-in-time
Less: Net loss attributable to the non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-12.50M	USD	1 Quarter
Less: Net loss attributable to the non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-82.66M	USD	1 Quarter
Net loss attributable to Fluence Energy, Inc.	`NetIncomeLoss`	$-28.80M	USD	1 Quarter
Foreign currency translation gain (loss), net of income tax (expense) benefit of $0 in each period	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$299.00K	USD	1 Quarter
Foreign currency translation gain (loss), net of income tax (expense) benefit of $0 in each period	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-851.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$175.00K	USD	Point-in-time
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$299.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-851.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-13.35M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-111.16M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-82.57M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-13.35M	USD	1 Quarter
Total comprehensive loss attributable to Fluence Energy, Inc.	`ComprehensiveIncomeNetOfTax`	$-28.59M	USD	1 Quarter

Cash Flow Statement 85 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-111.46M	USD	1 Quarter
Net loss	`ProfitLoss`	$-12.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-20.32M	USD	Point-in-time
Depreciation and amortization	`DepreciationAndAmortization`	$1.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.07M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$137.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Inventory provision	`InventoryWriteDown`	$3.52M	USD	1 Quarter
Inventory provision	`InventoryWriteDown`	-	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$24.88M	USD	1 Quarter
Provision (benefit) on loss contracts	`GainLossOnContractTermination`	$-5.67M	USD	1 Quarter
Provision (benefit) on loss contracts	`GainLossOnContractTermination`	$1.40M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$9.47M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-4.09M	USD	1 Quarter
Unbilled receivables	`IncreaseDecreaseInContractWithCustomerAsset`	$21.96M	USD	1 Quarter
Unbilled receivables	`IncreaseDecreaseInContractWithCustomerAsset`	$-15.04M	USD	1 Quarter
Receivables from related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$15.03M	USD	1 Quarter
Receivables from related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$13.86M	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseToAdvancesOnInventoryPurchases`	$5.22M	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseToAdvancesOnInventoryPurchases`	$30.84M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$56.09M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$141.21M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$134.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$718.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$15.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$35.37M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-59.24M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-27.35M	USD	1 Quarter
Payables and deferred revenue with related parties	`IncreaseDecreaseInPayablesAndDeferredRevenueWithRelatedParties`	$26.73M	USD	1 Quarter
Payables and deferred revenue with related parties	`IncreaseDecreaseInPayablesAndDeferredRevenueWithRelatedParties`	$-21.90M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingRelatedParties`	$74.40M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingRelatedParties`	$30.61M	USD	1 Quarter
Current accruals and provisions	`IncreaseDecreaseInAccruedLiabilities`	$23.03M	USD	1 Quarter
Current accruals and provisions	`IncreaseDecreaseInAccruedLiabilities`	$110.49M	USD	1 Quarter
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.87M	USD	1 Quarter
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.34M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-3.94M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-4.79M	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-182.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$207.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-58.31M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-191.55M	USD	1 Quarter
Cash paid for business acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$18.00M	USD	1 Quarter
Cash paid for business acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.05M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$870.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-870.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.05M	USD	1 Quarter
Proceeds from issuance of Class A common stock sold in the IPO, net of underwriting discounts	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	1 Quarter
Proceeds from issuance of Class A common stock sold in the IPO, net of underwriting discounts	`ProceedsFromIssuanceInitialPublicOffering`	$947.99M	USD	1 Quarter
Payment of IPO costs	`PaymentsOfStockIssuanceCosts`	$5.46M	USD	1 Quarter
Payment of IPO costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Payment of transaction cost related to issuance of membership units	`PaymentOfTransactionCostRelatedToIssuanceOfMembershipUnits`	$6.32M	USD	1 Quarter
Payment of transaction cost related to issuance of membership units	`PaymentOfTransactionCostRelatedToIssuanceOfMembershipUnits`	-	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.72M	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Repayment of promissory notesrelated parties	`RepaymentsOfRelatedPartyDebt`	$50.00M	USD	1 Quarter
Repayment of promissory notesrelated parties	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Borrowing from line of credit	`ProceedsFromLinesOfCredit`	$22.00M	USD	1 Quarter
Borrowing from line of credit	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Repayment to line of credit	`RepaymentsOfLinesOfCredit`	$50.00M	USD	1 Quarter
Repayment to line of credit	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$833.49M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-868.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$280.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-56.23M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$641.35M	USD	1 Quarter
Cash, cash equivalents, and restricted cash as of the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$38.82M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$95.05M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$679.41M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$38.07M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$38.82M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$95.05M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$679.41M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$38.07M	USD	Point-in-time
Interest Paid	`InterestPaidNet`	$503.00K	USD	1 Quarter
Interest Paid	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$9.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$178.00K	USD	1 Quarter
Reclassification of deferred offering costs to additional paid-in capital	`ReclassificationOfDeferredOfferingCostsToAdditionalPaidInCapital`	$6.76M	USD	1 Quarter
Reclassification of deferred offering costs to additional paid-in capital	`ReclassificationOfDeferredOfferingCostsToAdditionalPaidInCapital`	-	USD	1 Quarter
IPO costs included in accounts payable	`IssuanceCostsIncurredNotYetPaid`	$4.87M	USD	1 Quarter
IPO costs included in accounts payable	`IssuanceCostsIncurredNotYetPaid`	-	USD	1 Quarter

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Other comprehensive loss, tax	`OtherComprehensiveIncomeLossTax`	-	USD	Point-in-time
Other comprehensive loss, tax	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Other comprehensive loss, tax	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$117.23M	USD	Point-in-time
Effect of the Organizational Transactions	`TemporaryEquityValueConversionOfConvertibleSecurities`	$117.23M	USD	1 Quarter
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$117.23M	USD	Point-in-time
Beginning Balance, LLC	`MembersEquity`	$-173.43M	USD	Point-in-time
Beginning Balance, LLC	`MembersEquity`	$-30.57M	USD	Point-in-time
Beginning Balance, LLC	`MembersEquity`	$-17.23M	USD	Point-in-time
Net loss	`ProfitLoss`	$-111.46M	USD	1 Quarter
Net loss	`ProfitLoss`	$-12.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-20.32M	USD	Point-in-time
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$175.00K	USD	Point-in-time
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$299.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-851.00K	USD	1 Quarter
Effect of the Organizational Transactions	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$117.23M	USD	1 Quarter
Issuance of Class A Common stock in IPO, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$935.76M	USD	1 Quarter
Activity under stock compensation plan	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.70M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$778.10M	USD	Point-in-time
Ending Balance, LLC	`MembersEquity`	$-173.43M	USD	Point-in-time
Ending Balance, LLC	`MembersEquity`	$-30.57M	USD	Point-in-time
Ending Balance, LLC	`MembersEquity`	$-17.23M	USD	Point-in-time

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