10-Q Filing

UPSTART HOLDINGS, INC. CIK: 1647639 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001647639-22-000049`
Period End Date	20220630
Filing Date	20220809
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	upst-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 68 Cash Flow Statement 100 Stockholders Equity 38

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$986.61M	USD	Point-in-time
Cash	`Cash`	$790.43M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$204.63M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$123.99M	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$623.76M	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$252.48M	USD	Point-in-time
Property, equipment, and software, net	`PropertyPlantAndEquipmentNet`	$24.26M	USD	Point-in-time
Property, equipment, and software, net	`PropertyPlantAndEquipmentNet`	$36.05M	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$39.87M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$90.35M	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$26.68M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$96.12M	USD	Point-in-time
Non-marketable equity securities	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$40.00M	USD	Point-in-time
Accrued expenses and other liabilities at fair value	`AccruedExpensesAndOtherLiabilitiesFairValueDisclosure`	$13.10M	USD	Point-in-time
Non-marketable equity securities	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$41.00M	USD	Point-in-time
Accrued expenses and other liabilities at fair value	`AccruedExpensesAndOtherLiabilitiesFairValueDisclosure`	$11.81M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$67.06M	USD	Point-in-time
Goodwill	`Goodwill`	$67.06M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$17.77M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$19.91M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	82.19M	shares	Point-in-time
Other assets (includes $26,676 and $39,869 at fair value as of December 31, 2021 and June 30, 2022, respectively)	`OtherAssets`	$129.39M	USD	Point-in-time
Other assets (includes $26,676 and $39,869 at fair value as of December 31, 2021 and June 30, 2022, respectively)	`OtherAssets`	$126.60M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	83.66M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	83.66M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	82.19M	shares	Point-in-time
Total assets	`Assets`	$1.92B	USD	Point-in-time
Total assets	`Assets`	$1.82B	USD	Point-in-time
Cash	`Cash`	$986.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$22.03M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$6.56M	USD	Point-in-time
Cash	`Cash`	$790.43M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$204.63M	USD	Point-in-time
Payable to investors	`PayableToInvestors`	$107.60M	USD	Point-in-time
Payable to investors	`PayableToInvestors`	$105.71M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$123.99M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$856.55M	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$623.76M	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$252.48M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$695.43M	USD	Point-in-time
Accrued expenses and other liabilities (includes $13,095 and $11,812 at fair value as of December 31, 2021 and June 30, 2022, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$103.42M	USD	Point-in-time
Other assets (includes $26,676 and $39,869 at fair value as of December 31, 2021 and June 30, 2022, respectively)	`OtherAssets`	$129.39M	USD	Point-in-time
Other assets (includes $26,676 and $39,869 at fair value as of December 31, 2021 and June 30, 2022, respectively)	`OtherAssets`	$126.60M	USD	Point-in-time
Accrued expenses and other liabilities (includes $13,095 and $11,812 at fair value as of December 31, 2021 and June 30, 2022, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$75.78M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$100.37M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$99.86M	USD	Point-in-time
Total assets	`Assets`	$1.92B	USD	Point-in-time
Total assets	`Assets`	$1.82B	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$39.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.16B	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$26.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.01B	USD	Point-in-time
#REF!	`CommonStockValue`	$8.00K	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$856.55M	USD	Point-in-time
#REF!	`CommonStockValue`	$8.00K	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$695.43M	USD	Point-in-time
Accrued expenses and other liabilities (includes $13,095 and $11,812 at fair value as of December 31, 2021 and June 30, 2022, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$103.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$740.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$688.02M	USD	Point-in-time
Accrued expenses and other liabilities (includes $13,095 and $11,812 at fair value as of December 31, 2021 and June 30, 2022, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$75.78M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$69.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$66.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.16B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.01B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$757.07M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$757.07M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$300.25M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$300.25M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$876.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$876.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$716.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$716.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$807.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$807.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$320.59M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$320.59M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.82B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.92B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$572.33M	USD	2 Qtrs
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$258.35M	USD	1 Quarter
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$187.30M	USD	1 Quarter
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$303.47M	USD	2 Qtrs
Interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$-34.03M	USD	2 Qtrs
Interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$6.65M	USD	1 Quarter
Interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$11.82M	USD	2 Qtrs
Interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$-30.18M	USD	1 Quarter
Total revenue	`Revenues`	$315.29M	USD	2 Qtrs
Total revenue	`Revenues`	$228.16M	USD	1 Quarter
Total revenue	`Revenues`	$193.95M	USD	1 Quarter
Total revenue	`Revenues`	$538.30M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$105.21M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$125.29M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$75.92M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$238.66M	USD	2 Qtrs
Customer operations	`CustomerOperationsExpense`	$24.16M	USD	1 Quarter
Customer operations	`CustomerOperationsExpense`	$41.55M	USD	2 Qtrs
Customer operations	`CustomerOperationsExpense`	$51.07M	USD	1 Quarter
Customer operations	`CustomerOperationsExpense`	$99.48M	USD	2 Qtrs
Engineering and product development	`ResearchAndDevelopmentExpense`	$57.05M	USD	1 Quarter
Engineering and product development	`ResearchAndDevelopmentExpense`	$31.43M	USD	1 Quarter
Engineering and product development	`ResearchAndDevelopmentExpense`	$50.42M	USD	2 Qtrs
Engineering and product development	`ResearchAndDevelopmentExpense`	$107.04M	USD	2 Qtrs
General, administrative, and other	`GeneralAndAdministrativeExpense`	$26.14M	USD	1 Quarter
General, administrative, and other	`GeneralAndAdministrativeExpense`	$46.16M	USD	2 Qtrs
General, administrative, and other	`GeneralAndAdministrativeExpense`	$90.40M	USD	2 Qtrs
General, administrative, and other	`GeneralAndAdministrativeExpense`	$46.94M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$157.65M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$535.57M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$260.27M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$263.42M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$51.87M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-32.11M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$2.73M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$36.29M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$2.26M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-5.25M	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$2.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$138.00K	USD	2 Qtrs
Net income (loss) before income taxes	`IncomeLossAttributableToParent`	$36.30M	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossAttributableToParent`	$46.62M	USD	2 Qtrs
Net income (loss) before income taxes	`IncomeLossAttributableToParent`	$2.86M	USD	2 Qtrs
Net income (loss) before income taxes	`IncomeLossAttributableToParent`	$-29.85M	USD	1 Quarter
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$-767.00K	USD	2 Qtrs
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$43.00K	USD	2 Qtrs
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$-988.00K	USD	1 Quarter
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$24.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$47.39M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-29.87M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.82M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$37.28M	USD	1 Quarter
Net income (loss) per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.49	USD	1 Quarter
Net income (loss) per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.63	USD	2 Qtrs
Net income (loss) per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.03	USD	2 Qtrs
Net income (loss) per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.36	USD	1 Quarter
Net income (loss) per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	2 Qtrs
Net income (loss) per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.36	USD	1 Quarter
Net income (loss) per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Net income (loss) per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.51	USD	2 Qtrs
Weighted-average common shares outstanding used to calculate net income per share attributable to Upstart Holdings, Inc. common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	75.16M	shares	2 Qtrs
Weighted-average common shares outstanding used to calculate net income per share attributable to Upstart Holdings, Inc. common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	84.03M	shares	2 Qtrs
Weighted-average common shares outstanding used to calculate net income per share attributable to Upstart Holdings, Inc. common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	83.83M	shares	1 Quarter
Weighted-average common shares outstanding used to calculate net income per share attributable to Upstart Holdings, Inc. common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	76.67M	shares	1 Quarter
Weighted-average common shares outstanding used to calculate net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.83M	shares	1 Quarter
Weighted-average common shares outstanding used to calculate net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.80M	shares	1 Quarter
Weighted-average common shares outstanding used to calculate net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.51M	shares	2 Qtrs
Weighted-average common shares outstanding used to calculate net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.19M	shares	2 Qtrs

Cash Flow Statement 100 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$47.39M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-29.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.82M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$37.28M	USD	1 Quarter
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$-49.10M	USD	2 Qtrs
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$4.17M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$29.81M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$55.38M	USD	2 Qtrs
Gain on loan servicing arrangement, net	`GainLossOnLoanServicingArrangementsAndSaleOfNoncontrollingInterestsNet`	$17.73M	USD	2 Qtrs
Gain on loan servicing arrangement, net	`GainLossOnLoanServicingArrangementsAndSaleOfNoncontrollingInterestsNet`	$2.10M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.13M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.80M	USD	2 Qtrs
Non-cash interest expense	`OtherNoncashIncomeExpense`	$-216.00K	USD	2 Qtrs
Non-cash interest expense	`OtherNoncashIncomeExpense`	$-1.54M	USD	2 Qtrs
Purchase of loans for immediate resale	`PurchaseOfLoansForImmediateResale`	$4.80B	USD	2 Qtrs
Purchase of loans for immediate resale	`PurchaseOfLoansForImmediateResale`	$3.41B	USD	2 Qtrs
Proceeds from immediate resale of loans	`ProceedsFromImmediateResaleOfLoans`	$3.41B	USD	2 Qtrs
Proceeds from immediate resale of loans	`ProceedsFromImmediateResaleOfLoans`	$4.80B	USD	2 Qtrs
Purchase of loans held-for-sale	`PaymentsToPurchaseLoansHeldForSale`	$38.31M	USD	2 Qtrs
Purchase of loans held-for-sale	`PaymentsToPurchaseLoansHeldForSale`	$1.13B	USD	2 Qtrs
Principal payments received for loans held-for-sale	`ProceedsFromCollectionOfLoansHeldForSale`	$3.68M	USD	2 Qtrs
Principal payments received for loans held-for-sale	`ProceedsFromCollectionOfLoansHeldForSale`	$66.79M	USD	2 Qtrs
Proceeds from sale of loans held-for-sale	`ProceedsFromSaleOfLoansHeldForSale`	$57.18M	USD	2 Qtrs
Proceeds from sale of loans held-for-sale	`ProceedsFromSaleOfLoansHeldForSale`	$634.60M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-13.20M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$19.65M	USD	2 Qtrs
Operating lease liability and right-of-use asset	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$448.00K	USD	2 Qtrs
Operating lease liability and right-of-use asset	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$5.26M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$3.38M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$15.08M	USD	2 Qtrs
Payable to investors	`IncreaseDecreaseInPayableToInvestors`	$31.45M	USD	2 Qtrs
Payable to investors	`IncreaseDecreaseInPayableToInvestors`	$-1.89M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$23.79M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-24.96M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$135.90M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-320.44M	USD	2 Qtrs
Proceeds from sale of loans held-for-investment	`ProceedsFromSaleOfLoansHeldForInvestment`	$83.00K	USD	2 Qtrs
Proceeds from sale of loans held-for-investment	`ProceedsFromSaleOfLoansHeldForInvestment`	$9.72M	USD	2 Qtrs
Principal payments received for loans held-for-investment	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$7.49M	USD	2 Qtrs
Principal payments received for loans held-for-investment	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$18.52M	USD	2 Qtrs
Principal payments received for notes receivable and repayments of residual certificates	`ProceedsFromCollectionOfNotesReceivable`	$6.35M	USD	2 Qtrs
Principal payments received for notes receivable and repayments of residual certificates	`ProceedsFromCollectionOfNotesReceivable`	$3.91M	USD	2 Qtrs
Purchase of loans held-for-investment	`PaymentsToAcquireLoansHeldForInvestment`	$13.88M	USD	2 Qtrs
Purchase of loans held-for-investment	`PaymentsToAcquireLoansHeldForInvestment`	$42.55M	USD	2 Qtrs
Purchase of non-marketable equity security	`PaymentsToAcquireOtherInvestments`	$1.00M	USD	2 Qtrs
Purchase of non-marketable equity security	`PaymentsToAcquireOtherInvestments`	-	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.00M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.58M	USD	2 Qtrs
Capitalized software costs	`PaymentsForSoftware`	$6.83M	USD	2 Qtrs
Capitalized software costs	`PaymentsForSoftware`	$2.15M	USD	2 Qtrs
Acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$16.56M	USD	2 Qtrs
Acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.76M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.70M	USD	2 Qtrs
Payments for repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$125.04M	USD	2 Qtrs
Payments for repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Proceeds from secondary offering, net of underwriting discounts, commissions, and offering costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from secondary offering, net of underwriting discounts, commissions, and offering costs	`ProceedsFromIssuanceOfCommonStock`	$263.93M	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$261.20M	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$5.83M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$236.00K	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfDebt`	$62.45M	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfDebt`	$101.61M	USD	2 Qtrs
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	-	USD	2 Qtrs
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$4.43M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.93M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.41M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$48.38M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$210.00M	USD	2 Qtrs
Change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-276.82M	USD	2 Qtrs
Change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$306.20M	USD	2 Qtrs
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$311.33M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$617.53M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$914.42M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$311.33M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$617.53M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$914.42M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$2.53M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$4.08M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$1.57M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$52.00K	USD	2 Qtrs
Cash paid for amounts included in the measurement of lease liabilities	`OperatingLeasePayments`	$2.71M	USD	1 Quarter
Cash paid for amounts included in the measurement of lease liabilities	`OperatingLeasePayments`	$1.07M	USD	1 Quarter
Cash paid for amounts included in the measurement of lease liabilities	`OperatingLeasePayments`	$2.13M	USD	2 Qtrs
Cash paid for amounts included in the measurement of lease liabilities	`OperatingLeasePayments`	$4.77M	USD	2 Qtrs
Issuance of common stock in connection with acquisition	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	-	USD	2 Qtrs
Issuance of common stock in connection with acquisition	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	$80.26M	USD	2 Qtrs
Capitalized stock-based compensation expense	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$3.00M	USD	2 Qtrs
Capitalized stock-based compensation expense	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$1.02M	USD	2 Qtrs
Cash	`Cash`	$986.61M	USD	Point-in-time
Cash	`Cash`	$790.43M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$204.63M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$123.99M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$311.33M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$617.53M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$914.42M	USD	Point-in-time

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	83.66M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	82.19M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$757.07M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$300.25M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$876.50M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$716.10M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$807.08M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$320.59M	USD	Point-in-time
Issuance of common stock upon exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	1.80B	shares	2 Qtrs
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.44M	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.93M	USD	2 Qtrs
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.78M	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.41M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$31.70M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$58.38M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$22.08M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$30.83M	USD	2 Qtrs
Shares withheld related to net share settlement of restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$236.00K	USD	1 Quarter
Shares withheld related to net share settlement of restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$236.00K	USD	2 Qtrs
Issuance of common stock in connection with acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$71.00M	USD	1 Quarter
Issuance of common stock in connection with acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$71.00M	USD	2 Qtrs
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$4.43M	USD	2 Qtrs
Issuance of common stock in connection with follow-on offering, net of underwriting discounts, commissions, and offering costs	`StockIssuedDuringPeriodValueNewIssues`	$263.93M	USD	1 Quarter
Issuance of common stock in connection with follow-on offering, net of underwriting discounts, commissions, and offering costs	`StockIssuedDuringPeriodValueNewIssues`	$263.93M	USD	2 Qtrs
Repurchases of stock	`StockRepurchasedDuringPeriodValue`	$125.04M	USD	2 Qtrs
Repurchases of stock	`StockRepurchasedDuringPeriodValue`	$125.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.39M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-29.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.82M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$37.28M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	83.66M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	82.19M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$757.07M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$300.25M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$876.50M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$716.10M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$807.08M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$320.59M	USD	Point-in-time

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