10-Q Filing

ARCHER AVIATION INC. CIK: 1824502 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001628280-23-038275`
Period End Date	20230930
Filing Date	20231109
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	achr-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 60 Cash Flow Statement 86 Stockholders Equity 61 Comprehensive Income 18

Balance Sheet 68 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`	$461.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.40M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$2.90M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCash`	$7.30M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$461.80M	USD	Point-in-time
Short-term investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.80M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.90M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.10M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$475.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$545.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$49.90M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$400.00K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$400.00K	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$9.50M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$11.90M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$4.10M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$4.50M	USD	Point-in-time
Total assets	`Assets`	$573.80M	USD	Point-in-time
Total assets	`Assets`	$539.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.60M	USD	Point-in-time
Current portion of lease liabilities	`OperatingLeaseLiabilityCurrent`	$2.90M	USD	Point-in-time
Current portion of lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.70M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$2.30M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$9.30M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$36.70M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$96.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$53.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$117.00M	USD	Point-in-time
Lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$13.50M	USD	Point-in-time
Lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$9.20M	USD	Point-in-time
Warrant liabilities	`WarrantLiabilitiesNoncurrent`	$7.00M	USD	Point-in-time
Warrant liabilities	`WarrantLiabilitiesNoncurrent`	$32.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$80.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$175.10M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`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, 2023 and December 31, 2022	`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, 2023 and December 31, 2022	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.40B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.19B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-690.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.04B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-800.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$698.90M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$410.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$663.70M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$276.30M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$493.30M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$618.20M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$364.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$557.20M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$539.60M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$573.80M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$112.30M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$67.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$47.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$196.90M	USD	3 Qtrs
General and administrative (Note 9)	`GeneralAndAdministrativeExpenseCredit`	$140.60M	USD	3 Qtrs
General and administrative (Note 9)	`GeneralAndAdministrativeExpenseCredit`	$-21.60M	USD	1 Quarter
General and administrative (Note 9)	`GeneralAndAdministrativeExpenseCredit`	$121.00M	USD	3 Qtrs
General and administrative (Note 9)	`GeneralAndAdministrativeExpenseCredit`	$40.80M	USD	1 Quarter
Other warrant expense	`OtherWarrantExpense`	-	USD	1 Quarter
Other warrant expense	`OtherWarrantExpense`	$6.00M	USD	1 Quarter
Other warrant expense	`OtherWarrantExpense`	$6.00M	USD	3 Qtrs
Other warrant expense	`OtherWarrantExpense`	$2.10M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$46.20M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$239.30M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$339.60M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$93.80M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-239.30M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-93.80M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-339.60M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-46.20M	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-10.40M	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$15.80M	USD	3 Qtrs
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-19.70M	USD	3 Qtrs
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$1.30M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$5.10M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$1.50M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$10.80M	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$1.60M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-51.50M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-221.90M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-348.50M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-91.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$100.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$300.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-221.90M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-113.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-51.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-71.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-91.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-348.80M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-184.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-59.20M	USD	1 Quarter
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.38	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`	$-0.19	USD	1 Quarter
Net loss per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-1.35	USD	3 Qtrs
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.19	USD	1 Quarter
Net loss per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.35	USD	3 Qtrs
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`	277.68M	shares	1 Quarter
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	240.25M	shares	1 Quarter
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	258.77M	shares	3 Qtrs
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	239.37M	shares	3 Qtrs
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	277.68M	shares	1 Quarter
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	240.25M	shares	1 Quarter
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	258.77M	shares	3 Qtrs
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	239.37M	shares	3 Qtrs

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-221.90M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-113.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-51.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-71.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-91.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-348.80M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-184.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-59.20M	USD	1 Quarter
Depreciation, amortization and other	`OtherDepreciationAndAmortization`	$2.70M	USD	3 Qtrs
Depreciation, amortization and other	`OtherDepreciationAndAmortization`	$4.20M	USD	3 Qtrs
Debt discount and issuance cost amortization	`AmortizationOfDebtDiscountPremium`	$400.00K	USD	3 Qtrs
Debt discount and issuance cost amortization	`AmortizationOfDebtDiscountPremium`	$500.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$24.80M	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`	$25.80M	USD	3 Qtrs
Gain on issuance of common stock	`GainLossOnIssuanceOfCommonStock`	-	USD	3 Qtrs
Gain on issuance of common stock	`GainLossOnIssuanceOfCommonStock`	$3.60M	USD	3 Qtrs
Non-cash lease expense	`OperatingLeaseExpense`	$3.20M	USD	3 Qtrs
Non-cash lease expense	`OperatingLeaseExpense`	$3.10M	USD	3 Qtrs
Research and development warrant expense	`OtherResearchAndDevelopmentExpense`	$13.10M	USD	3 Qtrs
Research and development warrant expense	`OtherResearchAndDevelopmentExpense`	$2.90M	USD	3 Qtrs
Other warrant expense	`OtherWarrantExpense`	-	USD	1 Quarter
Other warrant expense	`OtherWarrantExpense`	$6.00M	USD	1 Quarter
Other warrant expense	`OtherWarrantExpense`	$6.00M	USD	3 Qtrs
Other warrant expense	`OtherWarrantExpense`	$2.10M	USD	3 Qtrs
Technology and dispute resolution agreements expense	`TechnologyAndDisputeResolutionAgreementsExpense`	$75.30M	USD	3 Qtrs
Technology and dispute resolution agreements expense	`TechnologyAndDisputeResolutionAgreementsExpense`	-	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`	$2.30M	USD	3 Qtrs
Accretion and amortization income of short-term investments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.40M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-5.90M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$3.20M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$500.00K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-300.00K	USD	3 Qtrs
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$100.00K	USD	3 Qtrs
Other long-term assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.80M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.50M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.30M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$5.90M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-1.60M	USD	3 Qtrs
Operating lease right-of-use assets and lease liabilities, net	`IncreaseDecreaseInOperatingLeaseLiability`	$2.80M	USD	3 Qtrs
Operating lease right-of-use assets and lease liabilities, net	`IncreaseDecreaseInOperatingLeaseLiability`	$-2.50M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$600.00K	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$10.30M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-187.60M	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
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	-	USD	3 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$465.00M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$35.30M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.60M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$429.70M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-491.20M	USD	3 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$7.50M	USD	3 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$7.50M	USD	3 Qtrs
Payments for taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	3 Qtrs
Payments for taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.50M	USD	3 Qtrs
Proceeds from PIPE financing	`ProceedsFromIssuanceOfPrivatePlacement`	$145.00M	USD	3 Qtrs
Proceeds from PIPE financing	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	3 Qtrs
Payment of offering costs in connection with PIPE financing	`PaymentsOfStockIssuanceCosts`	-	USD	3 Qtrs
Payment of offering costs in connection with PIPE financing	`PaymentsOfStockIssuanceCosts`	$6.00M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$400.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Proceeds from shares issued under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	-	USD	3 Qtrs
Proceeds from shares issued under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$1.30M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$25.00M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$154.30M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.10M	USD	3 Qtrs
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$396.40M	USD	3 Qtrs
Net increase (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`	$72.30M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$468.70M	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`	$72.30M	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$468.70M	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`	$1.20M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$700.00K	USD	3 Qtrs
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$3.20M	USD	3 Qtrs
Purchases of property and equipment included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$9.90M	USD	3 Qtrs

Stockholders Equity 61 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$698.90M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$410.10M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$663.70M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$276.30M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$493.30M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$618.20M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$364.50M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$557.20M	USD	Point-in-time
Issuance of restricted stock units and restricted stock expense	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$18.80M	USD	1 Quarter
Issuance of restricted stock units and restricted stock expense	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$16.20M	USD	1 Quarter
Issuance of restricted stock units and restricted stock expense	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$17.90M	USD	1 Quarter
Issuance of restricted stock units and restricted stock expense	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-49.80M	USD	1 Quarter
Issuance of restricted stock units and restricted stock expense	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$16.00M	USD	1 Quarter
Issuance of restricted stock units and restricted stock expense	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$18.40M	USD	1 Quarter
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	1.59M	shares	3 Qtrs
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$100.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$100.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$100.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$100.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$100.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$200.00K	USD	1 Quarter
Issuance of warrants and warrant expense	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$4.50M	USD	1 Quarter
Issuance of warrants and warrant expense	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$1.60M	USD	1 Quarter
Issuance of warrants and warrant expense	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$6.30M	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`	$30.80M	USD	1 Quarter
Common stock withheld related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.20M	USD	1 Quarter
Common stock withheld related to net share settlement of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.30M	USD	1 Quarter
Common stock issued under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.30M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$11.00M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$21.40M	USD	1 Quarter
PIPE financing	`StockIssuedDuringPeriodValuePIPEFinancing`	$139.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.30M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.70M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.90M	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`	$8.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-221.90M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-113.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-51.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-71.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-91.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-348.80M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-184.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-59.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.20M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$800.00K	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$700.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$100.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$698.90M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$410.10M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$663.70M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$276.30M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$493.30M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$618.20M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$364.50M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$557.20M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-221.90M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-113.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-51.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-71.70M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-91.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-348.80M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-184.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-59.20M	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.20M	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-1.20M	USD	3 Qtrs
Unrealized gain (loss) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$800.00K	USD	3 Qtrs
Unrealized gain (loss) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$700.00K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$100.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-348.00M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-51.60M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-223.10M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-92.20M	USD	1 Quarter

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