10-Q Filing

UPSTART HOLDINGS, INC. CIK: 1647639 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001647639-23-000035`
Period End Date	20230331
Filing Date	20230510
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	upst-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 40 Cash Flow Statement 84 Stockholders Equity 22

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$386.94M	USD	Point-in-time
Cash	`Cash`	$422.41M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$110.06M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$64.92M	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$1.01B	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$982.23M	USD	Point-in-time
Property, equipment, and software, net	`PropertyPlantAndEquipmentNet`	$46.98M	USD	Point-in-time
Property, equipment, and software, net	`PropertyPlantAndEquipmentNet`	$44.17M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$83.38M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$86.33M	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$44.10M	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$42.65M	USD	Point-in-time
Accrued expenses and other liabilities at fair value	`AccruedExpensesAndOtherLiabilitiesFairValueDisclosure`	$7.59M	USD	Point-in-time
Non-marketable equity securities	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$41.25M	USD	Point-in-time
Accrued expenses and other liabilities at fair value	`AccruedExpensesAndOtherLiabilitiesFairValueDisclosure`	$8.82M	USD	Point-in-time
Non-marketable equity securities	`EquitySecuritiesWithoutReadilyDeterminableFairValueAmount`	$41.25M	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
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, authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$15.63M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$14.56M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	81.26M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	82.60M	shares	Point-in-time
Other assets (includes $42,648 and $44,096 at fair value as of December 31, 2022 and March 31, 2023, respectively)	`OtherAssets`	$134.40M	USD	Point-in-time
Other assets (includes $42,648 and $44,096 at fair value as of December 31, 2022 and March 31, 2023, respectively)	`OtherAssets`	$138.72M	USD	Point-in-time
Total assets	`Assets`	$1.94B	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	81.26M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	82.60M	shares	Point-in-time
Total assets	`Assets`	$1.82B	USD	Point-in-time
Cash	`Cash`	$386.94M	USD	Point-in-time
Cash	`Cash`	$422.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$6.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrentAndNoncurrent`	$18.71M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$110.06M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$64.92M	USD	Point-in-time
Payable to investors	`PayableToInvestors`	$90.78M	USD	Point-in-time
Payable to investors	`PayableToInvestors`	$41.05M	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$1.01B	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$986.39M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$1.00B	USD	Point-in-time
Loans (at fair value)	`NotesReceivableNet`	$982.23M	USD	Point-in-time
Accrued expenses and other liabilities (includes $8,820 and $7,591 at fair value as of December 31, 2022 and March 31, 2023, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$66.95M	USD	Point-in-time
Other assets (includes $2,244 and $1,456 at fair value as of December 31, 2022 and March 31, 2023, respectively)	`OtherAssets`	$134.40M	USD	Point-in-time
Accrued expenses and other liabilities (includes $8,820 and $7,591 at fair value as of December 31, 2022 and March 31, 2023, respectively)	`AccruedLiabilitiesAndOtherLiabilities`	$46.99M	USD	Point-in-time
Other assets (includes $2,244 and $1,456 at fair value as of December 31, 2022 and March 31, 2023, respectively)	`OtherAssets`	$138.72M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$100.79M	USD	Point-in-time
Total assets	`Assets`	$1.94B	USD	Point-in-time
Total assets	`Assets`	$1.82B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$99.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26B	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$44.10M	USD	Point-in-time
Other assets at fair value	`OtherAssetsFairValueDisclosure`	$42.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.19B	USD	Point-in-time
Common stock, $0.0001 par value; 700,000,000 shares authorized; 81,259,676 and 82,600,748 shares issued and outstanding as of December 31, 2022 and March 31, 2023, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Common stock, $0.0001 par value; 700,000,000 shares authorized; 81,259,676 and 82,600,748 shares issued and outstanding as of December 31, 2022 and March 31, 2023, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$66.95M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$46.99M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$714.87M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$986.39M	USD	Point-in-time
Borrowings	`DebtLongtermAndShorttermCombinedAmount`	$1.00B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$798.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-171.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.19B	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`	$807.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$807.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$627.21M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$627.21M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$672.43M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$672.43M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.94B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.82B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$313.98M	USD	1 Quarter
Revenue from fees, net	`RevenueFromContractWithCustomerExcludingAssessedTax`	$117.14M	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$15.13M	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$45.31M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.13M	USD	1 Quarter
Interest expense	`InterestExpense`	$959.00K	USD	1 Quarter
Fair value and other adjustments	`FairValueAndOtherAdjustmentsNet`	$18.02M	USD	1 Quarter
Fair value and other adjustments	`FairValueAndOtherAdjustmentsNet`	$52.40M	USD	1 Quarter
Total interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$-14.21M	USD	1 Quarter
Total interest income and fair value adjustments, net	`RevenueNotFromContractWithCustomer`	$-3.85M	USD	1 Quarter
Total revenue	`Revenues`	$310.14M	USD	1 Quarter
Total revenue	`Revenues`	$102.93M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$133.45M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$31.44M	USD	1 Quarter
Customer operations	`CustomerOperationsExpense`	$40.59M	USD	1 Quarter
Customer operations	`CustomerOperationsExpense`	$48.41M	USD	1 Quarter
Engineering and product development	`ResearchAndDevelopmentExpense`	$110.07M	USD	1 Quarter
Engineering and product development	`ResearchAndDevelopmentExpense`	$49.99M	USD	1 Quarter
General, administrative, and other	`GeneralAndAdministrativeExpense`	$52.66M	USD	1 Quarter
General, administrative, and other	`GeneralAndAdministrativeExpense`	$43.46M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$275.30M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$234.76M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$34.83M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-131.84M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.60M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-2.12M	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossAttributableToParent`	$-129.24M	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossAttributableToParent`	$32.71M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-129.25M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$32.69M	USD	1 Quarter
Net income (loss) per share, basic (in dollars per share)	`EarningsPerShareBasic`	$-1.58	USD	1 Quarter
Net income (loss) per share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Net income (loss) per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.58	USD	1 Quarter
Net income (loss) per share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Weighted-average number of shares outstanding used in computing net income (loss) per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	84.23M	shares	1 Quarter
Weighted-average number of shares outstanding used in computing net income (loss) per share, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	81.91M	shares	1 Quarter
Weighted-average number of shares outstanding used in computing net income (loss) per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	95.46M	shares	1 Quarter
Weighted-average number of shares outstanding used in computing net income (loss) per share, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.91M	shares	1 Quarter

Cash Flow Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-129.25M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$32.69M	USD	1 Quarter
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$-59.05M	USD	1 Quarter
Change in fair value of financial instruments	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$-18.36M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$74.11M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$25.05M	USD	1 Quarter
Gain on loan servicing arrangement, net	`GainLossOnLoanServicingArrangementsAndSaleOfNoncontrollingInterestsNet`	$3.61M	USD	1 Quarter
Gain on loan servicing arrangement, net	`GainLossOnLoanServicingArrangementsAndSaleOfNoncontrollingInterestsNet`	$8.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.44M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.78M	USD	1 Quarter
Non-cash interest expense	`PaidInKindInterest`	$776.00K	USD	1 Quarter
Non-cash interest expense	`PaidInKindInterest`	$766.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$974.00K	USD	1 Quarter
Purchase of loans held-for-sale	`PaymentsToPurchaseLoansHeldForSale`	$510.00M	USD	1 Quarter
Purchase of loans held-for-sale	`PaymentsToPurchaseLoansHeldForSale`	$3.46B	USD	1 Quarter
Proceeds from sale of loans held-for-sale	`ProceedsFromSaleOfLoansHeldForSale`	$449.34M	USD	1 Quarter
Proceeds from sale of loans held-for-sale	`ProceedsFromSaleOfLoansHeldForSale`	$3.07B	USD	1 Quarter
Principal payments received for loans held-for-sale	`ProceedsFromCollectionOfLoansHeldForSale`	$57.95M	USD	1 Quarter
Principal payments received for loans held-for-sale	`ProceedsFromCollectionOfLoansHeldForSale`	$20.33M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-7.29M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-306.00K	USD	1 Quarter
Operating lease liability and right-of-use asset	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$1.22M	USD	1 Quarter
Operating lease liability and right-of-use asset	`IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset`	$2.58M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$3.37M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-12.17M	USD	1 Quarter
Payable to investors	`IncreaseDecreaseInPayableToInvestors`	$-49.73M	USD	1 Quarter
Payable to investors	`IncreaseDecreaseInPayableToInvestors`	$32.20M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-19.16M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-11.09M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-75.73M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-266.80M	USD	1 Quarter
Purchase of loans held-for-investment	`PaymentsToAcquireLoansHeldForInvestment`	-	USD	1 Quarter
Purchase of loans held-for-investment	`PaymentsToAcquireLoansHeldForInvestment`	$46.38M	USD	1 Quarter
Principal payments received for loans held-for-investment	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$24.42M	USD	1 Quarter
Principal payments received for loans held-for-investment	`ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment`	$9.40M	USD	1 Quarter
Principal payments received for notes receivable and repayments of residual certificates	`ProceedsFromCollectionOfNotesReceivable`	$2.07M	USD	1 Quarter
Principal payments received for notes receivable and repayments of residual certificates	`ProceedsFromCollectionOfNotesReceivable`	$1.57M	USD	1 Quarter
Purchase of non-marketable equity securities	`PaymentsToAcquireOtherInvestments`	$1.00M	USD	1 Quarter
Purchase of non-marketable equity securities	`PaymentsToAcquireOtherInvestments`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.63M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.11M	USD	1 Quarter
Capitalized software costs	`PaymentsForSoftware`	$3.66M	USD	1 Quarter
Capitalized software costs	`PaymentsForSoftware`	$4.35M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$5.18M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.85M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$60.67M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$80.00M	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfDebt`	$6.99M	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfDebt`	$46.96M	USD	1 Quarter
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$5.73M	USD	1 Quarter
Proceeds from issuance of common stock under employee stock purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$4.43M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.54M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$5.63M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.00K	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$20.97M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$83.07M	USD	1 Quarter
Change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-178.55M	USD	1 Quarter
Change in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-80.61M	USD	1 Quarter
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$532.47M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$451.86M	USD	Point-in-time
Cash and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.01B	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$532.47M	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`	$451.86M	USD	Point-in-time
Cash and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.01B	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.76M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$7.96M	USD	1 Quarter
Cash (received) paid for income taxes, net	`IncomeTaxesPaidNet`	$-1.15M	USD	1 Quarter
Cash (received) paid for income taxes, net	`IncomeTaxesPaidNet`	$18.00K	USD	1 Quarter
Capitalized stock-based compensation expense	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$2.66M	USD	1 Quarter
Capitalized stock-based compensation expense	`EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount`	$1.63M	USD	1 Quarter
Reclassification of loans	`TransferOfPortfolioLoansAndLeasesToHeldForSale1`	$109.79M	USD	1 Quarter
Reclassification of loans	`TransferOfPortfolioLoansAndLeasesToHeldForSale1`	-	USD	1 Quarter
Cash	`Cash`	$386.94M	USD	Point-in-time
Cash	`Cash`	$422.41M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$110.06M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$64.92M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$532.47M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$451.86M	USD	Point-in-time
Total cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.01B	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	81.26M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	82.60M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$876.50M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$807.08M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$627.21M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$672.43M	USD	Point-in-time
Issuance of common stock upon exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	331,093.00	shares	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.54M	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$5.63M	USD	1 Quarter
Shares withheld related to net share settlement of restricted stock units	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$76.77M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$26.68M	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$5.73M	USD	1 Quarter
Issuance of common stock under employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$4.43M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-129.25M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$32.69M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	81.26M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	82.60M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$876.50M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$807.08M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$627.21M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$672.43M	USD	Point-in-time

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