10-K Filing

Fluence Energy, Inc. CIK: 1868941 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001868941-23-000085`
Period End Date	20230930
Filing Date	20231129
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	flnc-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 74 Cash Flow Statement 163 Stockholders Equity 51

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	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
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$357.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$345.90M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$106.83M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$62.42M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$110.36M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$103.40M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$86.77M	USD	Point-in-time
Unbilled receivables	`ContractWithCustomerAssetNetCurrent`	$192.06M	USD	Point-in-time
Unbilled receivables	`ContractWithCustomerAssetNetCurrent`	$138.53M	USD	Point-in-time
Receivables from related parties	`OtherReceivablesNetCurrent`	$58.51M	USD	Point-in-time
Receivables from related parties	`OtherReceivablesNetCurrent`	$112.03M	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$54.77M	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$107.95M	USD	Point-in-time
Inventory, net	`InventoryNet`	$652.74M	USD	Point-in-time
Inventory, net	`InventoryNet`	$224.90M	USD	Point-in-time
Current portion of notes receivable - pledged as collateral	`AccountsReceivableFromSecuritization`	$24.33M	USD	Point-in-time
Current portion of notes receivable - pledged as collateral	`AccountsReceivableFromSecuritization`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$26.64M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$31.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.60B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.19B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$12.77M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$13.76M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$55.75M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$51.70M	USD	Point-in-time
Goodwill	`Goodwill`	$24.85M	USD	Point-in-time
Goodwill	`Goodwill`	$9.18M	USD	Point-in-time
Goodwill	`Goodwill`	$26.02M	USD	Point-in-time
Deferred income tax asset, net	`DeferredIncomeTaxAssetsNet`	$3.03M	USD	Point-in-time
Deferred income tax asset, net	`DeferredIncomeTaxAssetsNet`	$86.00K	USD	Point-in-time
Note receivable - pledged as collateral	`AccountsReceivableFromSecuritizationNoncurrent`	$24.33M	USD	Point-in-time
Note receivable - pledged as collateral	`AccountsReceivableFromSecuritizationNoncurrent`	$30.92M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$26.46M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$31.64M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$157.19M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$144.12M	USD	Point-in-time
Total assets	`Assets`	$1.35B	USD	Point-in-time
Total assets	`Assets`	$1.75B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$304.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$62.90M	USD	Point-in-time
Current portion of borrowings against note receivable - pledged as collateral	`LongTermDebtCurrent`	$22.54M	USD	Point-in-time
Current portion of borrowings against note receivable - pledged as collateral	`LongTermDebtCurrent`	-	USD	Point-in-time
Personnel related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$52.17M	USD	Point-in-time
Personnel related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$21.29M	USD	Point-in-time
Accruals and provisions	`AccruedLiabilitiesCurrent`	$172.22M	USD	Point-in-time
Accruals and provisions	`AccruedLiabilitiesCurrent`	$183.81M	USD	Point-in-time
Payables and deferred revenue with related parties	`DueToRelatedPartiesAndContractWithCustomerAffiliatedEntitiesLiabilityCurrent`	$116.49M	USD	Point-in-time
Payables and deferred revenue with related parties	`DueToRelatedPartiesAndContractWithCustomerAffiliatedEntitiesLiabilityCurrent`	$306.35M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$11.11M	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$29.46M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$16.71M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.11B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$745.66M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$4.79M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$4.88M	USD	Point-in-time
Borrowings against note receivable - pledged as collateral	`LongTermDebtNoncurrent`	$28.02M	USD	Point-in-time
Borrowings against note receivable - pledged as collateral	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$17.34M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$2.11M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$50.16M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$6.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.12B	USD	Point-in-time
Total liabilities	`Liabilities`	$795.82M	USD	Point-in-time
Preferred stock, 0.00001 per share, 10,000,000 share authorized; no shares issued and outstanding as of September 30, 2023 and 2022	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, 0.00001 per share, 10,000,000 share authorized; no shares issued and outstanding as of September 30, 2023 and 2022	`PreferredStockValue`	-	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$5.01M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$7.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$542.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$581.10M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.78M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-104.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-174.16M	USD	Point-in-time
Total stockholders' equity attributable to Fluence Energy Inc	`StockholdersEquity`	$402.35M	USD	Point-in-time
Total stockholders' equity attributable to Fluence Energy Inc	`StockholdersEquity`	$435.83M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$193.38M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$153.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$556.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.21M	USD	Point-in-time
Total liabilities, stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.35B	USD	Point-in-time
Total liabilities, stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.75B	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation gain (loss), income tax benefit (expense)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$100.00K	USD	Annual
Foreign currency translation gain (loss), income tax benefit (expense)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Foreign currency translation gain (loss), income tax benefit (expense)	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$300.00K	USD	Annual
Actuarial gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax`	-	USD	Annual
Actuarial gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax`	-	USD	Annual
Actuarial gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax`	-	USD	Annual
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$680.77M	USD	Annual
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.22B	USD	Annual
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.20B	USD	Annual
Cost of goods and services	`CostOfGoodsAndServicesSold`	$2.08B	USD	Annual
Cost of goods and services	`CostOfGoodsAndServicesSold`	$749.91M	USD	Annual
Cost of goods and services	`CostOfGoodsAndServicesSold`	$1.26B	USD	Annual
Gross profit (loss)	`GrossProfit`	$-62.35M	USD	Annual
Gross profit (loss)	`GrossProfit`	$140.96M	USD	Annual
Gross profit (loss)	`GrossProfit`	$-69.14M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$60.14M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$66.31M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$23.43M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$41.11M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$37.21M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$22.62M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$136.31M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$38.16M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$116.71M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$5.11M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$7.11M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$9.84M	USD	Annual
Interest (income) expense, net	`InterestIncomeExpenseNet`	$-1.44M	USD	Annual
Interest (income) expense, net	`InterestIncomeExpenseNet`	$5.39M	USD	Annual
Interest (income) expense, net	`InterestIncomeExpenseNet`	$326.00K	USD	Annual
Other (income) expense, net	`NonoperatingIncomeExpense`	$-270.00K	USD	Annual
Other (income) expense, net	`NonoperatingIncomeExpense`	$-4.62M	USD	Annual
Other (income) expense, net	`NonoperatingIncomeExpense`	$6.95M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-100.27M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-287.82M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-160.17M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$4.55M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$1.36M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$1.83M	USD	Annual
Net loss	`ProfitLoss`	$-162.00M	USD	Annual
Net loss	`ProfitLoss`	$-104.82M	USD	Annual
Net loss	`ProfitLoss`	$-20.32M	USD	Point-in-time
Net loss	`ProfitLoss`	$-289.18M	USD	Annual
Net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-184.69M	USD	Annual
Net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-35.20M	USD	Annual
Net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-162.00M	USD	Annual
Net loss attributable to Fluence Energy, Inc.	`NetIncomeLoss`	$-69.62M	USD	Annual
Net loss attributable to Fluence Energy, Inc.	`NetIncomeLoss`	$-104.48M	USD	Annual
Weighted average number of Class A common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	69.71M	shares	Annual
Weighted average number of Class A common shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	116.45M	shares	Annual
Weighted average number of Class A common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.71M	shares	Annual
Weighted average number of Class A common shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	116.45M	shares	Annual
Loss per share of Class A common stock, basic (in usd per share)	`EarningsPerShareBasic`	$-1.50	USD	Annual
Loss per share of Class A common stock, basic (in usd per share)	`EarningsPerShareBasic`	$-0.60	USD	Annual
Loss per share of Class A common stock, diluted (in usd per share)	`EarningsPerShareDiluted`	$-1.50	USD	Annual
Loss per share of Class A common stock, diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.60	USD	Annual
Foreign currency translation gain (loss), net of income tax expense of $0.3 million in 2023, $0.1 million in 2022, and $0 in 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.09M	USD	Annual
Foreign currency translation gain (loss), net of income tax expense of $0.3 million in 2023, $0.1 million in 2022, and $0 in 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-614.00K	USD	Annual
Foreign currency translation gain (loss), net of income tax expense of $0.3 million in 2023, $0.1 million in 2022, and $0 in 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$586.00K	USD	Annual
Actuarial gain on pension liabilities, net of income tax expense of $0 in each period	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$15.00K	USD	Annual
Actuarial gain on pension liabilities, net of income tax expense of $0 in each period	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$251.00K	USD	Annual
Actuarial gain on pension liabilities, net of income tax expense of $0 in each period	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$128.00K	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$175.00K	USD	Point-in-time
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$601.00K	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-486.00K	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$5.34M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-162.49M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-283.83M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-104.22M	USD	Annual
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-35.02M	USD	Annual
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-182.34M	USD	Annual
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-162.49M	USD	Annual
Total comprehensive loss attributable to Fluence Energy, Inc.	`ComprehensiveIncomeNetOfTax`	$-101.49M	USD	Annual
Total comprehensive loss attributable to Fluence Energy, Inc.	`ComprehensiveIncomeNetOfTax`	$-69.20M	USD	Annual

Cash Flow Statement 163 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-162.00M	USD	Annual
Net loss	`ProfitLoss`	$-104.82M	USD	Annual
Net loss	`ProfitLoss`	$-20.32M	USD	Point-in-time
Net loss	`ProfitLoss`	$-289.18M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.11M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.11M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.66M	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$778.00K	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$914.00K	USD	Annual
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	-	USD	Annual
Inventory (recovery) provision	`InventoryWriteDown`	$-1.03M	USD	Annual
Inventory (recovery) provision	`InventoryWriteDown`	$2.53M	USD	Annual
Inventory (recovery) provision	`InventoryWriteDown`	$14.20M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$44.13M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	-	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$26.92M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.35M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$516.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.54M	USD	Annual
Provision (benefit) on loss contracts	`GainLossOnContractTermination`	$-30.03M	USD	Annual
Provision (benefit) on loss contracts	`GainLossOnContractTermination`	$6.11M	USD	Annual
Provision (benefit) on loss contracts	`GainLossOnContractTermination`	$-27.16M	USD	Annual
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$25.32M	USD	Annual
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$13.40M	USD	Annual
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$29.16M	USD	Annual
Unbilled receivables	`IncreaseDecreaseInContractWithCustomerAsset`	$36.55M	USD	Annual
Unbilled receivables	`IncreaseDecreaseInContractWithCustomerAsset`	$50.50M	USD	Annual
Unbilled receivables	`IncreaseDecreaseInContractWithCustomerAsset`	$1.94M	USD	Annual
Receivables from related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$78.67M	USD	Annual
Receivables from related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-15.90M	USD	Annual
Receivables from related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-53.61M	USD	Annual
Advances to suppliers	`IncreaseDecreaseToAdvancesOnInventoryPurchases`	$36.49M	USD	Annual
Advances to suppliers	`IncreaseDecreaseToAdvancesOnInventoryPurchases`	$6.87M	USD	Annual
Advances to suppliers	`IncreaseDecreaseToAdvancesOnInventoryPurchases`	$45.02M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-432.77M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$265.48M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$366.67M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$21.61M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-1.36M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$36.83M	USD	Annual
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.18M	USD	Annual
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$16.63M	USD	Annual
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$35.21M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$152.47M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-242.16M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$73.91M	USD	Annual
Payables and deferred revenue with related parties	`IncreaseDecreaseInPayablesAndDeferredRevenueWithRelatedParties`	$78.42M	USD	Annual
Payables and deferred revenue with related parties	`IncreaseDecreaseInPayablesAndDeferredRevenueWithRelatedParties`	$205.46M	USD	Annual
Payables and deferred revenue with related parties	`IncreaseDecreaseInPayablesAndDeferredRevenueWithRelatedParties`	$-190.92M	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$201.03M	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-6.93M	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-52.48M	USD	Annual
Current accruals and provisions	`IncreaseDecreaseInAccruedLiabilities`	$21.29M	USD	Annual
Current accruals and provisions	`IncreaseDecreaseInAccruedLiabilities`	$-32.36M	USD	Annual
Current accruals and provisions	`IncreaseDecreaseInAccruedLiabilities`	$-6.87M	USD	Annual
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.78M	USD	Annual
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$15.75M	USD	Annual
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.96M	USD	Annual
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$6.36M	USD	Annual
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$4.63M	USD	Annual
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$39.47M	USD	Annual
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-466.00K	USD	Annual
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$18.12M	USD	Annual
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-3.72M	USD	Annual
Insurance proceeds received	`IncreaseDecreaseInInsuranceSettlementsReceivable`	$-10.00M	USD	Annual
Insurance proceeds received	`IncreaseDecreaseInInsuranceSettlementsReceivable`	-	USD	Annual
Insurance proceeds received	`IncreaseDecreaseInInsuranceSettlementsReceivable`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-282.38M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-265.27M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-111.93M	USD	Annual
Purchase of equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	-	USD	Annual
Purchase of equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	-	USD	Annual
Purchase of equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	$1.12M	USD	Annual
Proceeds from maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	-	USD	Annual
Proceeds from maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$111.67M	USD	Annual
Proceeds from maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	-	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	-	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	-	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$110.14M	USD	Annual
Payments for purchase of investment in joint venture	`PaymentsToAcquireInterestInJointVenture`	-	USD	Annual
Payments for purchase of investment in joint venture	`PaymentsToAcquireInterestInJointVenture`	$5.01M	USD	Annual
Payments for purchase of investment in joint venture	`PaymentsToAcquireInterestInJointVenture`	-	USD	Annual
Capital expenditures on software	`PaymentsForSoftware`	-	USD	Annual
Capital expenditures on software	`PaymentsForSoftware`	$9.23M	USD	Annual
Capital expenditures on software	`PaymentsForSoftware`	-	USD	Annual
Payments for acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Payments for acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$18.00M	USD	Annual
Payments for acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$29.21M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.29M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.93M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.99M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$94.44M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.29M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-148.42M	USD	Annual
Capital contribution from founders	`ProceedsFromContributedCapital`	-	USD	Annual
Capital contribution from founders	`ProceedsFromContributedCapital`	-	USD	Annual
Capital contribution from founders	`ProceedsFromContributedCapital`	$6.28M	USD	Annual
Proceeds from issuance of Class B membership units	`ProceedsFromIssuanceOfCommonLimitedPartnersUnits`	-	USD	Annual
Proceeds from issuance of Class B membership units	`ProceedsFromIssuanceOfCommonLimitedPartnersUnits`	$125.00M	USD	Annual
Proceeds from issuance of Class B membership units	`ProceedsFromIssuanceOfCommonLimitedPartnersUnits`	-	USD	Annual
Borrowing from promissory notesrelated parties	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Borrowing from promissory notesrelated parties	`ProceedsFromRelatedPartyDebt`	$125.00M	USD	Annual
Borrowing from promissory notesrelated parties	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Repayment of promissory notesrelated parties	`RepaymentsOfRelatedPartyDebt`	$50.00M	USD	Annual
Repayment of promissory notesrelated parties	`RepaymentsOfRelatedPartyDebt`	$75.00M	USD	Annual
Repayment of promissory notesrelated parties	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Borrowing from line of credit	`ProceedsFromLinesOfCredit`	-	USD	Annual
Borrowing from line of credit	`ProceedsFromLinesOfCredit`	$100.00M	USD	Annual
Borrowing from line of credit	`ProceedsFromLinesOfCredit`	-	USD	Annual
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$50.00M	USD	Annual
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$50.00M	USD	Annual
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	-	USD	Annual
Proceeds from transfer	`ProceedsFromAccountsReceivableSecuritization`	$21.10M	USD	Point-in-time
Proceeds from transfer	`ProceedsFromAccountsReceivableSecuritization`	-	USD	Annual
Proceeds from transfer	`ProceedsFromAccountsReceivableSecuritization`	$48.18M	USD	Annual
Proceeds from transfer	`ProceedsFromAccountsReceivableSecuritization`	-	USD	Annual
Payment of equity issuance costs	`PaymentsOfStockIssuanceCosts`	$3.34M	USD	Annual
Payment of equity issuance costs	`PaymentsOfStockIssuanceCosts`	-	USD	Annual
Payment of equity issuance costs	`PaymentsOfStockIssuanceCosts`	-	USD	Annual
Repurchase of Class A common stock placed into treasury	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Repurchase of Class A common stock placed into treasury	`PaymentsForRepurchaseOfCommonStock`	$2.78M	USD	Annual
Repurchase of Class A common stock placed into treasury	`PaymentsForRepurchaseOfCommonStock`	$5.01M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.10M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$7.20M	USD	Annual
Payment of transaction costs related to issuance of Class B membership units	`PaymentOfTransactionCostRelatedToIssuanceOfMembershipUnits`	$6.32M	USD	Annual
Payment of transaction costs related to issuance of Class B membership units	`PaymentOfTransactionCostRelatedToIssuanceOfMembershipUnits`	-	USD	Annual
Payment of transaction costs related to issuance of Class B membership units	`PaymentOfTransactionCostRelatedToIssuanceOfMembershipUnits`	-	USD	Annual
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$3.38M	USD	Annual
Proceeds from issuance of Class A common stock sold in an IPO, net of underwriting discounts and commissions	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	Annual
Proceeds from issuance of Class A common stock sold in an IPO, net of underwriting discounts and commissions	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	Annual
Proceeds from issuance of Class A common stock sold in an IPO, net of underwriting discounts and commissions	`ProceedsFromIssuanceInitialPublicOffering`	$935.76M	USD	Annual
Payments of deferred equity issuance cost	`PaymentsOfDeferredEquityIssuanceCost`	-	USD	Annual
Payments of deferred equity issuance cost	`PaymentsOfDeferredEquityIssuanceCost`	-	USD	Annual
Payments of deferred equity issuance cost	`PaymentsOfDeferredEquityIssuanceCost`	$7.10M	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$3.19M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$231.13M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$52.59M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$817.05M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-547.00K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.40M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.10M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-56.98M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$33.01M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$391.65M	USD	Annual
Cash, cash equivalents, and restricted cash as of the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$462.73M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$429.72M	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`	$95.05M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$462.73M	USD	Point-in-time
Cash, cash equivalents, and restricted cash as of the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$429.72M	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`	$95.05M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$1.23M	USD	Annual
Interest paid	`InterestPaidNet`	$2.34M	USD	Annual
Interest paid	`InterestPaidNet`	$1.13M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$1.24M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$6.42M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$2.07M	USD	Annual

Stockholders Equity 51 line items

Line Item	Tag	Value	Unit	Period
Other comprehensive loss, tax	`OtherComprehensiveIncomeLossTax`	-	USD	Point-in-time
Other comprehensive loss, tax	`OtherComprehensiveIncomeLossTax`	-	USD	Annual
Other comprehensive loss, tax	`OtherComprehensiveIncomeLossTax`	$100.00K	USD	Annual
Foreign currency translation gain, net of income tax expense	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$100.00K	USD	Annual
Foreign currency translation gain, net of income tax expense	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Foreign currency translation gain, net of income tax expense	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$300.00K	USD	Annual
Actuarial gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax`	-	USD	Annual
Actuarial gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax`	-	USD	Annual
Actuarial gain (loss), income tax (expense) benefit	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax`	-	USD	Annual
Beginning balance (in shares)	`TemporaryEquitySharesIssued`	18.49M	shares	Point-in-time
Beginning balance	`TemporaryEquityCarryingAmountAttributableToParent`	$117.23M	USD	Point-in-time
Effect of the Transactions related to the IPO	`TemporaryEquityValueConversionOfConvertibleSecurities`	$117.23M	USD	Annual
Issuance of class B-1 membership units, net (in shares)	`TemporaryEquityStockIssuedDuringPeriodSharesNewIssues`	18.49M	shares	Annual
Issuance of class B membership units, net	`TemporaryEquityStockIssuedDuringPeriodValueNewIssues`	$117.23M	USD	Annual
Ending balance (in shares)	`TemporaryEquitySharesIssued`	18.49M	shares	Point-in-time
Ending balance	`TemporaryEquityCarryingAmountAttributableToParent`	$117.23M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$556.33M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.21M	USD	Point-in-time
Beginning Balance, LLC	`MembersEquity`	$-173.43M	USD	Point-in-time
Beginning Balance, LLC	`MembersEquity`	$-17.23M	USD	Point-in-time
Capital contribution	`PartnersCapitalAccountContributions`	$6.28M	USD	Annual
Net loss	`ProfitLoss`	$-162.00M	USD	Annual
Net loss	`ProfitLoss`	$-104.82M	USD	Annual
Net loss	`ProfitLoss`	$-20.32M	USD	Point-in-time
Net loss	`ProfitLoss`	$-289.18M	USD	Annual
Other comprehensive income prior to the Transactions, net of income tax	`OtherComprehensiveIncomeLossNetOfTax`	$175.00K	USD	Point-in-time
Other comprehensive income prior to the Transactions, net of income tax	`OtherComprehensiveIncomeLossNetOfTax`	$601.00K	USD	Annual
Other comprehensive income prior to the Transactions, net of income tax	`OtherComprehensiveIncomeLossNetOfTax`	$-486.00K	USD	Annual
Other comprehensive income prior to the Transactions, net of income tax	`OtherComprehensiveIncomeLossNetOfTax`	$5.34M	USD	Annual
Effect of the Transactions related to the IPO	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$117.23M	USD	Annual
Issuance of Class A common stock in IPO, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$935.76M	USD	Annual
Founders stock issuance	`StockIssuedDuringPeriodValueNewIssuesFoundersIssuance`	$1.00K	USD	Annual
Stock-based compensation expense and related vesting	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$26.92M	USD	Annual
Stock-based compensation expense and related vesting	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$35.45M	USD	Annual
Repurchase of Class A common stock placed into treasury	`TreasuryStockValueAcquiredCostMethod`	$5.01M	USD	Annual
Repurchase of Class A common stock placed into treasury	`TreasuryStockValueAcquiredCostMethod`	$2.78M	USD	Annual
Effect of Siemens Industry redemption of class B-1 common stock for class A common stock	`StockRedeemedOrCalledDuringPeriodValue`	-	USD	Annual
Effect of remeasurement of non-controlling interest due to other share transactions	`NoncontrollingInterestDecreaseFromRemeasurement`	-	USD	Annual
Effect of remeasurement of non-controlling interest due to other share transactions	`NoncontrollingInterestDecreaseFromRemeasurement`	-	USD	Annual
Proceeds from exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.10M	USD	Annual
Proceeds from exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$7.20M	USD	Annual
Foreign currency translation gain (loss), net of income tax expense of $0.3 million in 2023, $0.1 million in 2022, and $0 in 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.09M	USD	Annual
Foreign currency translation gain (loss), net of income tax expense of $0.3 million in 2023, $0.1 million in 2022, and $0 in 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-614.00K	USD	Annual
Foreign currency translation gain (loss), net of income tax expense of $0.3 million in 2023, $0.1 million in 2022, and $0 in 2021	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$586.00K	USD	Annual
Actuarial gain on pension liabilities, net of income tax expense of $0 in each period	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$15.00K	USD	Annual
Actuarial gain on pension liabilities, net of income tax expense of $0 in each period	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$251.00K	USD	Annual
Actuarial gain on pension liabilities, net of income tax expense of $0 in each period	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$128.00K	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$556.33M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$629.21M	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.