10-Q Filing

Fluence Energy, Inc. CIK: 1868941 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001868941-22-000034`
Period End Date	20220331
Filing Date	20220513
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	flnc-20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 96 Income Statement 86 Cash Flow Statement 91 Stockholders Equity 32

Balance Sheet 96 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`	$86.00K	USD	Point-in-time
Mezzznine equity, shares issued (in shares)	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$651.95M	USD	Point-in-time
Mezzanine equity, shares outstanding (in shares)	`TemporaryEquitySharesOutstanding`	18.49M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.88M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$1.24M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$70.74M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$1.25M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Trade receivables, net of allowances ($86 and $90 at March 31, 2022 and September 30, 2021, respectively)	`AccountsReceivableNetCurrent`	$46.66M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Trade receivables, net of allowances ($86 and $90 at March 31, 2022 and September 30, 2021, respectively)	`AccountsReceivableNetCurrent`	$126.23M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Unbilled receivables	`ContractWithCustomerAssetNetCurrent`	$81.30M	USD	Point-in-time
Unbilled receivables	`ContractWithCustomerAssetNetCurrent`	$101.97M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Receivables from related parties	`DueFromRelatedPartiesCurrent`	$33.36M	USD	Point-in-time
Receivables from related parties	`DueFromRelatedPartiesCurrent`	$37.03M	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$49.27M	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$9.74M	USD	Point-in-time
Inventory, net	`InventoryNet`	$351.99M	USD	Point-in-time
Inventory, net	`InventoryNet`	$389.79M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$41.92M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$47.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.42B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$661.51M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.21M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$36.06M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$34.44M	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
Goodwill	`Goodwill`	$9.18M	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
Advances to suppliers	`AdvancesOnInventoryPurchasesNoncurrent`	-	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchasesNoncurrent`	$26.25M	USD	Point-in-time
Debt issuance cost	`DeferredFinanceCostsNoncurrentNet`	$222.00K	USD	Point-in-time
Debt issuance cost	`DeferredFinanceCostsNoncurrentNet`	$2.95M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$2.52M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.31M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$56.16M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$85.02M	USD	Point-in-time
Total assets	`Assets`	$717.67M	USD	Point-in-time
Total assets	`Assets`	$1.50B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$158.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$121.62M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityConsolidatedEntitiesExcludingAffiliatedEntitiesCurrent`	$71.36M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityConsolidatedEntitiesExcludingAffiliatedEntitiesCurrent`	$222.81M	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`	$15.94M	USD	Point-in-time
Personnel related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$12.86M	USD	Point-in-time
Accruals and provisions	`AccruedLiabilitiesCurrent`	$186.14M	USD	Point-in-time
Accruals and provisions	`AccruedLiabilitiesCurrent`	$217.12M	USD	Point-in-time
Payables and deferred revenue with related parties	`DueToRelatedPartiesAndContractWithCustomerAffiliatedEntitiesLiabilityCurrent`	$176.67M	USD	Point-in-time
Payables and deferred revenue with related parties	`DueToRelatedPartiesAndContractWithCustomerAffiliatedEntitiesLiabilityCurrent`	$227.93M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$12.89M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$17.27M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.33M	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`	$774.78M	USD	Point-in-time
Personnel related liabilities	`EmployeeRelatedLiabilitiesNoncurrent`	$397.00K	USD	Point-in-time
Personnel related liabilities	`EmployeeRelatedLiabilitiesNoncurrent`	$1.61M	USD	Point-in-time
Accruals and provisions	`AccruedLiabilitiesNoncurrent`	$305.00K	USD	Point-in-time
Accruals and provisions	`AccruedLiabilitiesNoncurrent`	$774.00K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$702.00K	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`	$775.48M	USD	Point-in-time
Commitments and contingencies (See Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Mezzanine equity (0 and 18,493,275 units issued and outstanding as of March 31, 2022 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 March 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$289.43M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-285.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-47.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-279.30M	USD	Point-in-time
Total stockholder's equity attributable to Fluence Energy, Inc	`StockholdersEquity`	$241.44M	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`	$-53.98M	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`	$-17.23M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$484.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$778.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$725.46M	USD	Point-in-time
Total liabilities, stockholders equity, members deficit, and mezzanine equity	`LiabilitiesAndStockholdersEquity`	$717.67M	USD	Point-in-time
Total liabilities, stockholders equity, members deficit, and mezzanine equity	`LiabilitiesAndStockholdersEquity`	$1.50B	USD	Point-in-time

Income Statement 86 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
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
Foreign currency translation gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$342.72M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$517.61M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$214.37M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$98.13M	USD	1 Quarter
Cost of goods and services	`CostOfGoodsAndServicesSold`	$97.12M	USD	1 Quarter
Cost of goods and services	`CostOfGoodsAndServicesSold`	$585.51M	USD	2 Qtrs
Cost of goods and services	`CostOfGoodsAndServicesSold`	$357.47M	USD	1 Quarter
Cost of goods and services	`CostOfGoodsAndServicesSold`	$208.55M	USD	2 Qtrs
Gross (loss) profit	`GrossProfit`	$-67.90M	USD	2 Qtrs
Gross (loss) profit	`GrossProfit`	$5.81M	USD	2 Qtrs
Gross (loss) profit	`GrossProfit`	$-14.75M	USD	1 Quarter
Gross (loss) profit	`GrossProfit`	$1.01M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$12.51M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$13.34M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$24.10M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$8.37M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$19.25M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$6.19M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$9.92M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$5.18M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.00M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$56.44M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$25.24M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.28M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.92M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.23M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.16M	USD	1 Quarter
Interest expense	`InterestExpense`	$475.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$676.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.36M	USD	2 Qtrs
Interest expense	`InterestExpense`	$386.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$1.11M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$283.00K	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$-667.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-511.00K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-171.68M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-34.83M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-60.58M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-23.02M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$509.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$128.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.19M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$486.00K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-23.53M	USD	1 Quarter
Net loss	`ProfitLoss`	$-60.70M	USD	1 Quarter
Net loss	`ProfitLoss`	$-20.32M	USD	Point-in-time
Net loss	`ProfitLoss`	$-36.03M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-172.16M	USD	2 Qtrs
Less: Net loss attributable to the non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-23.53M	USD	1 Quarter
Less: Net loss attributable to the non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-41.52M	USD	1 Quarter
Less: Net loss attributable to the non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-36.03M	USD	2 Qtrs
Less: Net loss attributable to the non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-124.17M	USD	2 Qtrs
Net loss attributable to Fluence Energy, Inc.	`NetIncomeLoss`	$-19.18M	USD	1 Quarter
Net loss attributable to Fluence Energy, Inc.	`NetIncomeLoss`	$-47.99M	USD	2 Qtrs
Weighted average number of Class A common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	54.14M	shares	1 Quarter
Weighted average number of Class A common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	54.14M	shares	2 Qtrs
Weighted average number of Class A common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.14M	shares	1 Quarter
Weighted average number of Class A common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.14M	shares	2 Qtrs
Loss per share of Class A common stock, basic (in usd per share)	`EarningsPerShareBasic`	$-0.35	USD	1 Quarter
Loss per share of Class A common stock, basic (in usd per share)	`EarningsPerShareBasic`	$-0.89	USD	2 Qtrs
Loss per share of Class A common stock, diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.89	USD	2 Qtrs
Loss per share of Class A common stock, diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.35	USD	1 Quarter
Foreign currency translation gain (loss), net of income tax (expense) benefit of $0 in each period	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-20.00K	USD	1 Quarter
Foreign currency translation gain (loss), net of income tax (expense) benefit of $0 in each period	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$279.00K	USD	2 Qtrs
Foreign currency translation gain (loss), net of income tax (expense) benefit of $0 in each period	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-729.00K	USD	2 Qtrs
Foreign currency translation gain (loss), net of income tax (expense) benefit of $0 in each period	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$122.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$175.00K	USD	Point-in-time
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$122.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$279.00K	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-729.00K	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-20.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-36.76M	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-60.72M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-171.88M	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-23.41M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-41.53M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-23.41M	USD	1 Quarter
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-36.76M	USD	2 Qtrs
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-124.10M	USD	2 Qtrs
Total comprehensive loss attributable to Fluence Energy, Inc.	`ComprehensiveIncomeNetOfTax`	$-19.19M	USD	1 Quarter
Total comprehensive loss attributable to Fluence Energy, Inc.	`ComprehensiveIncomeNetOfTax`	$-47.78M	USD	2 Qtrs

Cash Flow Statement 91 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-23.53M	USD	1 Quarter
Net loss	`ProfitLoss`	$-60.70M	USD	1 Quarter
Net loss	`ProfitLoss`	$-20.32M	USD	Point-in-time
Net loss	`ProfitLoss`	$-36.03M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-172.16M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.92M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.23M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.16M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$343.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	-	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$27.61M	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	-	USD	2 Qtrs
Benefit on loss contracts	`GainLossOnContractTermination`	$1.86M	USD	2 Qtrs
Benefit on loss contracts	`GainLossOnContractTermination`	$6.26M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$79.57M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$22.29M	USD	2 Qtrs
Unbilled receivables	`IncreaseDecreaseInContractWithCustomerAsset`	$8.22M	USD	2 Qtrs
Unbilled receivables	`IncreaseDecreaseInContractWithCustomerAsset`	$-20.68M	USD	2 Qtrs
Receivables from related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$3.67M	USD	2 Qtrs
Receivables from related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-17.40M	USD	2 Qtrs
Advances to suppliers	`IncreaseDecreaseToAdvancesOnInventoryPurchases`	$13.18M	USD	2 Qtrs
Advances to suppliers	`IncreaseDecreaseToAdvancesOnInventoryPurchases`	$65.78M	USD	2 Qtrs
Inventory, net	`IncreaseDecreaseInInventories`	$-37.80M	USD	2 Qtrs
Inventory, net	`IncreaseDecreaseInInventories`	$304.71M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$2.55M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$7.39M	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-135.00K	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-4.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$58.85M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-30.43M	USD	2 Qtrs
Payables and deferred revenue with related parties	`IncreaseDecreaseInPayablesAndDeferredRevenueWithRelatedParties`	$95.54M	USD	2 Qtrs
Payables and deferred revenue with related parties	`IncreaseDecreaseInPayablesAndDeferredRevenueWithRelatedParties`	$-51.25M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingRelatedParties`	$85.06M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiabilityExcludingRelatedParties`	$151.45M	USD	2 Qtrs
Current accruals and provisions	`IncreaseDecreaseInAccruedLiabilities`	$50.23M	USD	2 Qtrs
Current accruals and provisions	`IncreaseDecreaseInAccruedLiabilities`	$37.24M	USD	2 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-4.57M	USD	2 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.38M	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$457.00K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$373.00K	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$488.00K	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.68M	USD	2 Qtrs
Cash settled for stock based compensation	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid`	$5.73M	USD	2 Qtrs
Cash settled for stock based compensation	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-83.14M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-141.00M	USD	2 Qtrs
Purchase of equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	$1.12M	USD	2 Qtrs
Purchase of equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	-	USD	2 Qtrs
Cash paid for business acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Cash paid for business acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$18.00M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.27M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.23M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.23M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.40M	USD	2 Qtrs
Proceeds from issuance of Class A common stock sold in the IPO, net of underwriting discounts	`ProceedsFromIssuanceInitialPublicOffering`	$947.99M	USD	2 Qtrs
Proceeds from issuance of Class A common stock sold in the IPO, net of underwriting discounts	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	2 Qtrs
Payment of IPO costs	`PaymentsOfStockIssuanceCosts`	$10.33M	USD	2 Qtrs
Payment of IPO costs	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Payment of transaction cost related to issuance of membership units	`PaymentOfTransactionCostRelatedToIssuanceOfMembershipUnits`	$6.32M	USD	2 Qtrs
Payment of transaction cost related to issuance of membership units	`PaymentOfTransactionCostRelatedToIssuanceOfMembershipUnits`	-	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$3.30M	USD	2 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Repayment of promissory notesrelated parties	`RepaymentsOfRelatedPartyDebt`	$50.00M	USD	2 Qtrs
Repayment of promissory notesrelated parties	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Borrowing from line of credit	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Borrowing from line of credit	`ProceedsFromLinesOfCredit`	$38.00M	USD	2 Qtrs
Repayment to line of credit	`RepaymentsOfLinesOfCredit`	$50.00M	USD	2 Qtrs
Repayment to line of credit	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$2.24M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.24M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$828.04M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-34.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-791.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$684.62M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-63.92M	USD	2 Qtrs
Cash, cash equivalents, and restricted cash as of the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$722.69M	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`	$38.07M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.13M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$722.69M	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`	$38.07M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.13M	USD	Point-in-time
Interest Paid	`InterestPaidNet`	$271.00K	USD	2 Qtrs
Interest Paid	`InterestPaidNet`	$503.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$614.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$4.12M	USD	2 Qtrs
Reclassification of deferred offering costs to additional paid-in capital	`ReclassificationOfDeferredOfferingCostsToAdditionalPaidInCapital`	-	USD	2 Qtrs
Reclassification of deferred offering costs to additional paid-in capital	`ReclassificationOfDeferredOfferingCostsToAdditionalPaidInCapital`	$1.90M	USD	2 Qtrs

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Other comprehensive loss, tax	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Other comprehensive loss, tax	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Other comprehensive loss, tax	`OtherComprehensiveIncomeLossTax`	-	USD	2 Qtrs
Other comprehensive loss, tax	`OtherComprehensiveIncomeLossTax`	-	USD	2 Qtrs
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$117.23M	USD	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$117.23M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$778.10M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$725.46M	USD	Point-in-time
Beginning Balance, LLC	`MembersEquity`	$-30.57M	USD	Point-in-time
Beginning Balance, LLC	`MembersEquity`	$-53.98M	USD	Point-in-time
Beginning Balance, LLC	`MembersEquity`	$-173.43M	USD	Point-in-time
Beginning Balance, LLC	`MembersEquity`	$-17.23M	USD	Point-in-time
Net loss	`ProfitLoss`	$-23.53M	USD	1 Quarter
Net loss	`ProfitLoss`	$-60.70M	USD	1 Quarter
Net loss	`ProfitLoss`	$-20.32M	USD	Point-in-time
Net loss	`ProfitLoss`	$-36.03M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-172.16M	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$175.00K	USD	Point-in-time
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$122.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$279.00K	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-729.00K	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-20.00K	USD	1 Quarter
Effect of the Transactions	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$117.23M	USD	2 Qtrs
Issuance of Class A Common stock in IPO, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$935.76M	USD	2 Qtrs
Activity under stock compensation plan	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.08M	USD	1 Quarter
Activity under stock compensation plan	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.78M	USD	2 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$778.10M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$725.46M	USD	Point-in-time
Ending Balance, LLC	`MembersEquity`	$-30.57M	USD	Point-in-time
Ending Balance, LLC	`MembersEquity`	$-53.98M	USD	Point-in-time
Ending Balance, LLC	`MembersEquity`	$-173.43M	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.