10-Q Filing

UPSTART HOLDINGS, INC. CIK: 1647639 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001647639-22-000064`
Period End Date	20220930
Filing Date	20221109
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	upst-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 68 Cash Flow Statement 104 Stockholders Equity 42

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$683.97M	USD	Point-in-time
Cash	`Cash`	$986.61M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$204.63M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$145.96M	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$252.48M	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$700.46M	USD	Point-in-time
Property, equipment, and software, net	`PropertyPlantAndEquipmentNet`	$40.99M	USD	Point-in-time
Property, equipment, and software, net	`PropertyPlantAndEquipmentNet`	$24.26M	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$40.50M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$87.47M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$96.12M	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$26.68M	USD	Point-in-time
Accrued expenses and other liabilities at fair value	`AccruedExpensesAndOtherLiabilitiesFairValueDisclosure`	$13.10M	USD	Point-in-time
Non-marketable equity securities	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$40.00M	USD	Point-in-time
Accrued expenses and other liabilities at fair value	`AccruedExpensesAndOtherLiabilitiesFairValueDisclosure`	$10.01M	USD	Point-in-time
Non-marketable equity securities	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$41.00M	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$67.06M	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
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$16.70M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Other assets (includes $26,676 and $40,496 at fair value as of December 31, 2021 and September 30, 2022, respectively)	`OtherAssets`	$129.39M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	83.66M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	81.83M	shares	Point-in-time
Other assets (includes $26,676 and $40,496 at fair value as of December 31, 2021 and September 30, 2022, respectively)	`OtherAssets`	$131.70M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	83.66M	shares	Point-in-time
Total assets	`Assets`	$1.82B	USD	Point-in-time
Total assets	`Assets`	$1.92B	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	81.83M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$6.56M	USD	Point-in-time
Cash	`Cash`	$683.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$10.92M	USD	Point-in-time
Cash	`Cash`	$986.61M	USD	Point-in-time
Payable to investors	`PayableToInvestors`	$93.84M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$204.63M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$145.96M	USD	Point-in-time
Payable to investors	`PayableToInvestors`	$107.60M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$695.43M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$918.92M	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$252.48M	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$700.46M	USD	Point-in-time
Other assets (includes $26,676 and $40,496 at fair value as of December 31, 2021 and September 30, 2022, respectively)	`OtherAssets`	$129.39M	USD	Point-in-time
Accrued expenses and other liabilities (includes $13,095 and $10,011 at fair value as of December 31, 2021 and September 30, 2022, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$103.42M	USD	Point-in-time
Other assets (includes $26,676 and $40,496 at fair value as of December 31, 2021 and September 30, 2022, respectively)	`OtherAssets`	$131.70M	USD	Point-in-time
Accrued expenses and other liabilities (includes $13,095 and $10,011 at fair value as of December 31, 2021 and September 30, 2022, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$73.65M	USD	Point-in-time
Total assets	`Assets`	$1.82B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$99.42M	USD	Point-in-time
Total assets	`Assets`	$1.92B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$100.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.20B	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$40.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.01B	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$26.68M	USD	Point-in-time
Common stock, $0.0001 par value; 700,000,000 shares authorized; 83,659,665 and 81,831,178 shares issued and outstanding as of December 31, 2021 and September 30, 2022, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$695.43M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$918.92M	USD	Point-in-time
Common stock, $0.0001 par value; 700,000,000 shares authorized; 83,659,665 and 81,831,178 shares issued and outstanding as of December 31, 2021 and September 30, 2022, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$705.74M	USD	Point-in-time
Accrued expenses and other liabilities (includes $13,095 and $10,011 at fair value as of December 31, 2021 and September 30, 2022, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$103.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$740.85M	USD	Point-in-time
Accrued expenses and other liabilities (includes $13,095 and $10,011 at fair value as of December 31, 2021 and September 30, 2022, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$73.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.20B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$66.22M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.82M	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`	$718.57M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$718.57M	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`	$807.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$807.08M	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`	$719.09M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$719.09M	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`	$751.67M	USD	3 Qtrs
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$210.42M	USD	1 Quarter
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$513.89M	USD	3 Qtrs
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$179.35M	USD	1 Quarter
Interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$29.85M	USD	3 Qtrs
Interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$18.03M	USD	1 Quarter
Interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$-22.11M	USD	1 Quarter
Interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$-56.14M	USD	3 Qtrs
Total revenue	`Revenues`	$543.74M	USD	3 Qtrs
Total revenue	`Revenues`	$695.53M	USD	3 Qtrs
Total revenue	`Revenues`	$157.23M	USD	1 Quarter
Total revenue	`Revenues`	$228.45M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$295.02M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$218.64M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$93.35M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$56.36M	USD	1 Quarter
Customer operations	`CustomerOperationsExpense`	$76.53M	USD	3 Qtrs
Customer operations	`CustomerOperationsExpense`	$144.51M	USD	3 Qtrs
Customer operations	`CustomerOperationsExpense`	$45.03M	USD	1 Quarter
Customer operations	`CustomerOperationsExpense`	$34.98M	USD	1 Quarter
Engineering and product development	`ResearchAndDevelopmentExpense`	$37.09M	USD	1 Quarter
Engineering and product development	`ResearchAndDevelopmentExpense`	$66.18M	USD	1 Quarter
Engineering and product development	`ResearchAndDevelopmentExpense`	$87.50M	USD	3 Qtrs
Engineering and product development	`ResearchAndDevelopmentExpense`	$173.22M	USD	3 Qtrs
General, administrative, and other	`GeneralAndAdministrativeExpense`	$80.60M	USD	3 Qtrs
General, administrative, and other	`GeneralAndAdministrativeExpense`	$34.44M	USD	1 Quarter
General, administrative, and other	`GeneralAndAdministrativeExpense`	$138.15M	USD	3 Qtrs
General, administrative, and other	`GeneralAndAdministrativeExpense`	$47.75M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$750.90M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$463.27M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$199.85M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$215.32M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$28.60M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-55.37M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-58.09M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$80.47M	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-6.00M	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-754.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$2.02M	USD	3 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$1.88M	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossAttributableToParent`	$-56.21M	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossAttributableToParent`	$-53.35M	USD	3 Qtrs
Net income (loss) before income taxes	`IncomeLossAttributableToParent`	$74.46M	USD	3 Qtrs
Net income (loss) before income taxes	`IncomeLossAttributableToParent`	$27.84M	USD	1 Quarter
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$55.00K	USD	3 Qtrs
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$12.00K	USD	1 Quarter
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$-1.27M	USD	1 Quarter
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$-2.04M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-53.40M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-56.22M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$29.11M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$76.50M	USD	3 Qtrs
Net income (loss) per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.69	USD	1 Quarter
Net income (loss) per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-0.64	USD	3 Qtrs
Net income (loss) per share, basic (in dollars per share)	`EarningsPerShareBasic`	$1.00	USD	3 Qtrs
Net income (loss) per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Net income (loss) per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.64	USD	3 Qtrs
Net income (loss) per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Net income (loss) per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.69	USD	1 Quarter
Net income (loss) per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.81	USD	3 Qtrs
Weighted-average common shares outstanding used to calculate net income per share attributable to Upstart Holdings, Inc. common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	81.67M	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`	76.59M	shares	3 Qtrs
Weighted-average common shares outstanding used to calculate net income per share attributable to Upstart Holdings, Inc. common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	83.24M	shares	3 Qtrs
Weighted-average common shares outstanding used to calculate net income per share attributable to Upstart Holdings, Inc. common stockholders, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	79.39M	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`	81.67M	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`	94.17M	shares	3 Qtrs
Weighted-average common shares outstanding used to calculate net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.24M	shares	3 Qtrs
Weighted-average common shares outstanding used to calculate net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.06M	shares	1 Quarter

Cash Flow Statement 104 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-53.40M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-56.22M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$29.11M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$76.50M	USD	3 Qtrs
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$5.84M	USD	3 Qtrs
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$-71.06M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$92.03M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$50.12M	USD	3 Qtrs
Gain on loan servicing arrangement, net	`GainLossOnLoanServicingArrangementsAndSaleOfNoncontrollingInterestsNet`	$4.22M	USD	3 Qtrs
Gain on loan servicing arrangement, net	`GainLossOnLoanServicingArrangementsAndSaleOfNoncontrollingInterestsNet`	$23.77M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.86M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.98M	USD	3 Qtrs
Non-cash interest expense	`OtherNoncashIncomeExpense`	$-990.00K	USD	3 Qtrs
Non-cash interest expense	`OtherNoncashIncomeExpense`	$-2.29M	USD	3 Qtrs
Purchase of loans for immediate resale	`PurchaseOfLoansForImmediateResale`	$5.87B	USD	3 Qtrs
Purchase of loans for immediate resale	`PurchaseOfLoansForImmediateResale`	$5.52B	USD	3 Qtrs
Proceeds from immediate resale of loans	`ProceedsFromImmediateResaleOfLoans`	$5.87B	USD	3 Qtrs
Proceeds from immediate resale of loans	`ProceedsFromImmediateResaleOfLoans`	$5.52B	USD	3 Qtrs
Purchase of loans held-for-sale	`PaymentsToPurchaseLoansHeldForSale`	$80.31M	USD	3 Qtrs
Purchase of loans held-for-sale	`PaymentsToPurchaseLoansHeldForSale`	$1.46B	USD	3 Qtrs
Principal payments received for loans held-for-sale	`ProceedsFromCollectionOfLoansHeldForSale`	$4.40M	USD	3 Qtrs
Principal payments received for loans held-for-sale	`ProceedsFromCollectionOfLoansHeldForSale`	$104.05M	USD	3 Qtrs
Proceeds from sale of loans held-for-sale	`ProceedsFromSaleOfLoansHeldForSale`	$90.54M	USD	3 Qtrs
Proceeds from sale of loans held-for-sale	`ProceedsFromSaleOfLoansHeldForSale`	$854.99M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-8.72M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$22.81M	USD	3 Qtrs
Operating lease liability and right-of-use asset	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$7.70M	USD	3 Qtrs
Operating lease liability and right-of-use asset	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$1.03M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-4.56M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$3.45M	USD	3 Qtrs
Payable to investors	`IncreaseDecreaseInPayableToInvestors`	$-13.75M	USD	3 Qtrs
Payable to investors	`IncreaseDecreaseInPayableToInvestors`	$38.81M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-25.49M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$29.85M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$179.50M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-421.80M	USD	3 Qtrs
Proceeds from sale of loans held-for-investment	`ProceedsFromSaleOfLoansHeldForInvestment`	$11.99M	USD	3 Qtrs
Proceeds from sale of loans held-for-investment	`ProceedsFromSaleOfLoansHeldForInvestment`	$10.79M	USD	3 Qtrs
Principal payments received for loans held-for-investment	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$14.72M	USD	3 Qtrs
Principal payments received for loans held-for-investment	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$27.71M	USD	3 Qtrs
Principal payments received for notes receivable and repayments of residual certificates	`ProceedsFromCollectionOfNotesReceivable`	$5.51M	USD	3 Qtrs
Principal payments received for notes receivable and repayments of residual certificates	`ProceedsFromCollectionOfNotesReceivable`	$9.12M	USD	3 Qtrs
Purchase of loans held-for-investment	`PaymentsToAcquireLoansHeldForInvestment`	$55.29M	USD	3 Qtrs
Purchase of loans held-for-investment	`PaymentsToAcquireLoansHeldForInvestment`	$92.74M	USD	3 Qtrs
Purchase of non-marketable equity security	`PaymentsToAcquireOtherInvestments`	$40.00M	USD	3 Qtrs
Purchase of non-marketable equity security	`PaymentsToAcquireOtherInvestments`	$1.00M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.09M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.96M	USD	3 Qtrs
Capitalized software costs	`PaymentsForSoftware`	$4.48M	USD	3 Qtrs
Capitalized software costs	`PaymentsForSoftware`	$10.84M	USD	3 Qtrs
Acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$16.56M	USD	3 Qtrs
Acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.01M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-124.10M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$150.07M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Proceeds from secondary offering, net of underwriting discounts, commissions, and offering costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from secondary offering, net of underwriting discounts, commissions, and offering costs	`ProceedsFromIssuanceOfCommonStock`	$263.93M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$430.27M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$667.08M	USD	3 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$15.73M	USD	3 Qtrs
Purchase of capped calls	`PaymentsForCappedCalls`	-	USD	3 Qtrs
Purchase of capped calls	`PaymentsForCappedCalls`	$58.52M	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$236.00K	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.00K	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfDebt`	$209.08M	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfDebt`	$65.41M	USD	3 Qtrs
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$4.14M	USD	3 Qtrs
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$7.66M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.77M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$10.73M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$805.03M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$89.50M	USD	3 Qtrs
Change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-361.31M	USD	3 Qtrs
Change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$860.43M	USD	3 Qtrs
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.17B	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$829.93M	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`	$1.19B	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.17B	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$829.93M	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`	$1.19B	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$7.95M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$2.80M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$206.00K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$2.25M	USD	3 Qtrs
Cash paid for amounts included in the measurement of lease liabilities	`OperatingLeasePayments`	$1.15M	USD	1 Quarter
Cash paid for amounts included in the measurement of lease liabilities	`OperatingLeasePayments`	$3.28M	USD	3 Qtrs
Cash paid for amounts included in the measurement of lease liabilities	`OperatingLeasePayments`	$3.20M	USD	1 Quarter
Cash paid for amounts included in the measurement of lease liabilities	`OperatingLeasePayments`	$7.97M	USD	3 Qtrs
Issuance of common stock in connection with acquisition	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	$80.26M	USD	3 Qtrs
Issuance of common stock in connection with acquisition	`BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable`	-	USD	3 Qtrs
Capitalized stock-based compensation expense	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$2.12M	USD	3 Qtrs
Capitalized stock-based compensation expense	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$4.55M	USD	3 Qtrs
Cash	`Cash`	$683.97M	USD	Point-in-time
Cash	`Cash`	$986.61M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$204.63M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$145.96M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.17B	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$829.93M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$311.33M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time

Stockholders Equity 42 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	83.66M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	81.83M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$757.07M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$718.57M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$300.25M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$807.08M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$716.10M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$719.09M	USD	Point-in-time
Issuance of common stock upon exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	2.07M	shares	3 Qtrs
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$6.84M	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.32M	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$10.73M	USD	3 Qtrs
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.77M	USD	3 Qtrs
Issuance of common stock upon settlement of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-8.00K	USD	1 Quarter
Issuance of common stock upon settlement of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-8.00K	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$96.58M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$52.24M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$21.42M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$38.21M	USD	1 Quarter
Shares withheld related to net share settlement of restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$236.00K	USD	3 Qtrs
Issuance of common stock in connection with acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$71.00M	USD	3 Qtrs
Issuance of common stock in connection with follow-on offering, net of underwriting discounts, commissions, and offering costs	`StockIssuedDuringPeriodValueNewIssues`	$263.93M	USD	3 Qtrs
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$4.14M	USD	3 Qtrs
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$4.14M	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$3.23M	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$7.66M	USD	3 Qtrs
Purchase of capped calls	`AdjustmentsToAdditionalPaidInCapitalPurchaseOfCappedCallTransactions`	$58.52M	USD	1 Quarter
Purchase of capped calls	`AdjustmentsToAdditionalPaidInCapitalPurchaseOfCappedCallTransactions`	$58.52M	USD	3 Qtrs
Repurchases of stock	`StockRepurchasedDuringPeriodValue`	$150.07M	USD	3 Qtrs
Repurchases of stock	`StockRepurchasedDuringPeriodValue`	$25.03M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-53.40M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-56.22M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$29.11M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$76.50M	USD	3 Qtrs
Ending balance (in shares)	`CommonStockSharesOutstanding`	83.66M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	81.83M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$757.07M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$718.57M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$300.25M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$807.08M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$716.10M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$719.09M	USD	Point-in-time

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