10-Q Filing

ARCHER AVIATION INC. CIK: 1824502 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001628280-22-029508`
Period End Date	20220930
Filing Date	20221110
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	achr-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 61 Cash Flow Statement 95 Stockholders Equity 53 Comprehensive Income 16

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$746.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$112.50M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCash`	$300.00K	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCash`	$2.90M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	-	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$488.10M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.60M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.80M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$300.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$754.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$615.30M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.90M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.90M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$500.00K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$400.00K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$11.10M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$4.50M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$2.70M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$900.00K	USD	Point-in-time
Total assets	`Assets`	$768.40M	USD	Point-in-time
Total assets	`Assets`	$637.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.40M	USD	Point-in-time
Current portion of lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.10M	USD	Point-in-time
Current portion of lease liabilities	`OperatingLeaseLiabilityCurrent`	$4.10M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$9.40M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$9.50M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$25.10M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$12.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.80M	USD	Point-in-time
Notes payable, net of current portion	`LongTermNotesPayable`	$2.30M	USD	Point-in-time
Notes payable, net of current portion	`LongTermNotesPayable`	$9.30M	USD	Point-in-time
Lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$1.20M	USD	Point-in-time
Lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$7.60M	USD	Point-in-time
Warrant liabilities	`WarrantLiabilitiesNoncurrent`	$15.50M	USD	Point-in-time
Warrant liabilities	`WarrantLiabilitiesNoncurrent`	$30.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$400.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$69.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$80.40M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding as of September 30, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding as of September 30, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.15B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.07B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-373.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-595.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$35.90M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$20.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$618.20M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-11.80M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$557.20M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$698.90M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$663.70M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$721.90M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$768.40M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$637.60M	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$44.60M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$47.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$23.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$112.30M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$114.10M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$40.80M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$121.00M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$143.10M	USD	3 Qtrs
Other warrant expense	`OtherWarrantExpense`	$39.10M	USD	1 Quarter
Other warrant expense	`OtherWarrantExpense`	$6.00M	USD	3 Qtrs
Other warrant expense	`OtherWarrantExpense`	$117.30M	USD	1 Quarter
Other warrant expense	`OtherWarrantExpense`	$6.00M	USD	1 Quarter
Other warrant expense	`OtherWarrantExpense`	$117.30M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$93.80M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$305.00M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$239.30M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$176.30M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-176.30M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-239.30M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-305.00M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-93.80M	USD	1 Quarter
Gain on forgiveness of PPP loan	`GainsLossesOnExtinguishmentOfDebt`	$900.00K	USD	3 Qtrs
Gain on forgiveness of PPP loan	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on forgiveness of PPP loan	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on forgiveness of PPP loan	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$100.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$15.80M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$100.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.30M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-500.00K	USD	3 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$1.50M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$-500.00K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$1.60M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-176.70M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-91.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-304.50M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-221.90M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-59.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-91.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-221.90M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-94.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-71.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-176.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-32.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-304.50M	USD	3 Qtrs
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-2.00	USD	1 Quarter
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.93	USD	3 Qtrs
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-4.50	USD	3 Qtrs
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.38	USD	1 Quarter
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-4.50	USD	3 Qtrs
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-2.00	USD	1 Quarter
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.38	USD	1 Quarter
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.93	USD	3 Qtrs
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	67.69M	shares	3 Qtrs
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	240.25M	shares	1 Quarter
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	88.44M	shares	1 Quarter
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	239.37M	shares	3 Qtrs
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	67.69M	shares	3 Qtrs
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	240.25M	shares	1 Quarter
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	239.37M	shares	3 Qtrs
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	88.44M	shares	1 Quarter

Cash Flow Statement 95 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-59.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-91.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-221.90M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-94.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-71.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-176.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-32.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-304.50M	USD	3 Qtrs
Depreciation, amortization and other	`OtherDepreciationAndAmortization`	$2.70M	USD	3 Qtrs
Depreciation, amortization and other	`OtherDepreciationAndAmortization`	$800.00K	USD	3 Qtrs
Debt discount and issuance cost amortization	`AmortizationOfDebtDiscountPremium`	$100.00K	USD	3 Qtrs
Debt discount and issuance cost amortization	`AmortizationOfDebtDiscountPremium`	$400.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$104.70M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$76.30M	USD	3 Qtrs
Change in fair value of warrant liabilities and other warrant costs	`FairValueAdjustmentOfWarrantsAndOtherWarrantCosts`	$-14.40M	USD	3 Qtrs
Change in fair value of warrant liabilities and other warrant costs	`FairValueAdjustmentOfWarrantsAndOtherWarrantCosts`	$100.00K	USD	3 Qtrs
Non-cash lease expense	`OperatingLeaseExpense`	$3.20M	USD	3 Qtrs
Non-cash lease expense	`OperatingLeaseExpense`	$1.00M	USD	3 Qtrs
Research and development warrant expense	`OtherResearchAndDevelopmentExpense`	$2.90M	USD	3 Qtrs
Research and development warrant expense	`OtherResearchAndDevelopmentExpense`	$5.70M	USD	3 Qtrs
Other warrant expense	`OtherWarrantExpense`	$117.30M	USD	3 Qtrs
Other warrant expense	`OtherWarrantExpense`	$117.30M	USD	1 Quarter
Other warrant expense	`OtherWarrantExpense`	$6.00M	USD	1 Quarter
Other warrant expense	`OtherWarrantExpense`	$39.10M	USD	1 Quarter
Other warrant expense	`OtherWarrantExpense`	$6.00M	USD	3 Qtrs
Interest income on short-term investments	`InterestIncomeShortTermInvestmentIncreaseDecrease`	-	USD	3 Qtrs
Interest income on short-term investments	`InterestIncomeShortTermInvestmentIncreaseDecrease`	$300.00K	USD	3 Qtrs
Accretion and amortization income of short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.40M	USD	3 Qtrs
Accretion and amortization income of short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	-	USD	3 Qtrs
Gain on forgiveness of PPP loan	`GainsLossesOnExtinguishmentOfDebt`	$900.00K	USD	3 Qtrs
Gain on forgiveness of PPP loan	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on forgiveness of PPP loan	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on forgiveness of PPP loan	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$300.00K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$3.20M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$500.00K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$400.00K	USD	3 Qtrs
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.80M	USD	3 Qtrs
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$500.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.50M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.90M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$1.50M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$5.90M	USD	3 Qtrs
Operating lease right-of-use assets and lease liabilities, net	`IncreaseDecreaseInOperatingLeaseLiability`	$-2.50M	USD	3 Qtrs
Operating lease right-of-use assets and lease liabilities, net	`IncreaseDecreaseInOperatingLeaseLiability`	$-1.00M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$10.30M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	-	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-59.50M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-133.20M	USD	3 Qtrs
Purchase of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	-	USD	3 Qtrs
Purchase of short-term investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$487.60M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.00M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.60M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-491.20M	USD	3 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfDebt`	-	USD	3 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfDebt`	$20.00M	USD	3 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$7.50M	USD	3 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	3 Qtrs
Proceeds from PIPE financing	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	3 Qtrs
Proceeds from PIPE financing	`ProceedsFromIssuanceOfPrivatePlacement`	$600.00M	USD	3 Qtrs
Recapitalization transaction	`ProceedsFromRecapitalizationTransaction`	$257.60M	USD	3 Qtrs
Recapitalization transaction	`ProceedsFromRecapitalizationTransaction`	-	USD	3 Qtrs
Recapitalization transaction costs	`PaymentsForReverseRecapitalizationTransactionCosts`	-	USD	3 Qtrs
Recapitalization transaction costs	`PaymentsForReverseRecapitalizationTransactionCosts`	$55.80M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$400.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$400.00K	USD	3 Qtrs
Proceeds from exercise of stock warrants	`ProceedsFromWarrantExercises`	-	USD	3 Qtrs
Proceeds from exercise of stock warrants	`ProceedsFromWarrantExercises`	$100.00K	USD	3 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$200.00K	USD	3 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$822.10M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.10M	USD	3 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$759.60M	USD	3 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-631.50M	USD	3 Qtrs
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$746.90M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.60M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$796.20M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$115.40M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$746.90M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.60M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$796.20M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$115.40M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$300.00K	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$1.20M	USD	3 Qtrs
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$400.00K	USD	3 Qtrs
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$3.20M	USD	3 Qtrs
Allocation of debt proceeds to stock warrants	`AllocationOfDebtProceedsToStockWarrants`	-	USD	3 Qtrs
Allocation of debt proceeds to stock warrants	`AllocationOfDebtProceedsToStockWarrants`	$1.20M	USD	3 Qtrs
Conversion of convertible preferred stock to common stock in connection with the reverse recapitalization	`ConversionOfStockAmountConverted1`	$61.50M	USD	3 Qtrs
Conversion of convertible preferred stock to common stock in connection with the reverse recapitalization	`ConversionOfStockAmountConverted1`	-	USD	3 Qtrs
PIPE financing issuance costs settled with the issuance of Class A common stock	`PIPEFinancingIssuanceCostsSettledWithTheIssuance`	$7.00M	USD	3 Qtrs
PIPE financing issuance costs settled with the issuance of Class A common stock	`PIPEFinancingIssuanceCostsSettledWithTheIssuance`	-	USD	3 Qtrs
Recapitalization transaction costs settled with the issuance of Class A common stock	`RecapitalizationTransactionCostsSettledWithTheIssuanceOfClassACommonStock`	$8.10M	USD	3 Qtrs
Recapitalization transaction costs settled with the issuance of Class A common stock	`RecapitalizationTransactionCostsSettledWithTheIssuanceOfClassACommonStock`	-	USD	3 Qtrs

Stockholders Equity 53 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$35.90M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$20.10M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$618.20M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-11.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$557.20M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$698.90M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$663.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$721.90M	USD	Point-in-time
Conversion of Class B common stock to Class A common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Conversion of Class B common stock to Class A common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Conversion of Class B common stock to Class A common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Issuance of restricted stock and restricted stock expense	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$17.90M	USD	1 Quarter
Issuance of restricted stock and restricted stock expense	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$101.70M	USD	1 Quarter
Issuance of restricted stock and restricted stock expense	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$18.40M	USD	1 Quarter
Issuance of restricted stock and restricted stock expense	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$16.00M	USD	1 Quarter
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	3.01M	shares	3 Qtrs
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$400.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$200.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$100.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$100.00K	USD	1 Quarter
Issuance of warrants and warrant expense	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$44.80M	USD	1 Quarter
Issuance of warrants and warrant expense	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$1.60M	USD	1 Quarter
Issuance of warrants and warrant expense	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$1.20M	USD	1 Quarter
Issuance of warrants and warrant expense	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$6.40M	USD	1 Quarter
Issuance of warrants and warrant expense	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$78.20M	USD	1 Quarter
Exercise of warrants	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$100.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.70M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.50M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.30M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$900.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.10M	USD	1 Quarter
Issuance of Class A common stock pursuant to the Business Combination Agreement	`StockIssuedDuringPeriodValueReverseRecapitalization`	$162.30M	USD	1 Quarter
PIPE financing	`StockIssuedDuringPeriodValuePIPEFinancing`	$600.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-304.50M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-32.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-176.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-71.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-221.90M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-91.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-59.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-94.90M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.20M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$663.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$35.90M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$20.10M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$618.20M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-11.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$557.20M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$698.90M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$721.90M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-59.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-91.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-221.90M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-94.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-71.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-176.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-32.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-304.50M	USD	3 Qtrs
Unrealized loss on available-for-sale securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	3 Qtrs
Unrealized loss on available-for-sale securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.20M	USD	1 Quarter
Unrealized loss on available-for-sale securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Unrealized loss on available-for-sale securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.20M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-92.20M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-223.10M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-176.70M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-304.50M	USD	3 Qtrs

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