10-Q Filing

LEMONADE, INC. CIK: 1691421 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001691421-22-000055`
Period End Date	20220630
Filing Date	20220809
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	lmnd-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 86 Cash Flow Statement 72 Stockholders Equity 37

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Fixed maturities available-for-sale, amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$698.40M	USD	Point-in-time
Fixed maturities available-for-sale, amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$696.80M	USD	Point-in-time
Short -term investments, cost	`ShortTermInvestmentsCost`	$110.40M	USD	Point-in-time
Short -term investments, cost	`ShortTermInvestmentsCost`	$85.90M	USD	Point-in-time
Premium receivable, allowance for doubtful accounts	`PremiumsReceivableAllowanceForDoubtfulAccounts`	$2.20M	USD	Point-in-time
#REF!	`AvailableForSaleSecuritiesDebtSecurities`	$674.10M	USD	Point-in-time
Premium receivable, allowance for doubtful accounts	`PremiumsReceivableAllowanceForDoubtfulAccounts`	$1.60M	USD	Point-in-time
#REF!	`AvailableForSaleSecuritiesDebtSecurities`	$691.40M	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Short-term investments (cost: $85.9 million and $110.4 million as of June 30, 2022 and December 31, 2021, respectively)	`ShortTermInvestments`	$85.90M	USD	Point-in-time
Short-term investments (cost: $85.9 million and $110.4 million as of June 30, 2022 and December 31, 2021, respectively)	`ShortTermInvestments`	$110.40M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total investments	`Investments`	$760.00M	USD	Point-in-time
Total investments	`Investments`	$801.80M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$270.60M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	61.87M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$199.60M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	61.66M	shares	Point-in-time
#REF!	`PremiumsReceivableAtCarryingValue`	$147.60M	USD	Point-in-time
#REF!	`PremiumsReceivableAtCarryingValue`	$127.00M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	61.87M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	61.66M	shares	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesOnPaidAndUnpaidLosses`	$89.80M	USD	Point-in-time
Reinsurance recoverable	`ReinsuranceRecoverablesOnPaidAndUnpaidLosses`	$110.30M	USD	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$168.90M	USD	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$149.60M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$6.20M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$7.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$13.20M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.70M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetIncludingGoodwill`	$600.00K	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetIncludingGoodwill`	$600.00K	USD	Point-in-time
Other assets	`OtherAssets`	$53.20M	USD	Point-in-time
Other assets	`OtherAssets`	$53.30M	USD	Point-in-time
Total assets	`Assets`	$1.51B	USD	Point-in-time
Total assets	`Assets`	$1.46B	USD	Point-in-time
Unpaid loss and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$122.90M	USD	Point-in-time
Unpaid loss and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$46.30M	USD	Point-in-time
Unpaid loss and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$97.90M	USD	Point-in-time
Unpaid loss and loss adjustment expense	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$64.70M	USD	Point-in-time
Unearned premium	`UnearnedPremiums`	$241.60M	USD	Point-in-time
Unearned premium	`UnearnedPremiums`	$207.70M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrentAndNoncurrent`	$1.00M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrentAndNoncurrent`	$1.30M	USD	Point-in-time
Funds held for reinsurance treaties	`FundsHeldUnderReinsuranceAgreementsLiability`	$119.20M	USD	Point-in-time
Funds held for reinsurance treaties	`FundsHeldUnderReinsuranceAgreementsLiability`	$103.10M	USD	Point-in-time
Deferred ceding commission	`DeferredCedingCommission`	$42.10M	USD	Point-in-time
Deferred ceding commission	`DeferredCedingCommission`	$36.50M	USD	Point-in-time
Ceded premium payable	`CededPremiumsPayable`	$21.00M	USD	Point-in-time
Ceded premium payable	`CededPremiumsPayable`	$18.70M	USD	Point-in-time
Other liabilities and accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$57.40M	USD	Point-in-time
Other liabilities and accrued expenses	`AccruedLiabilitiesAndOtherLiabilities`	$63.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$611.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$522.30M	USD	Point-in-time
Contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.00001 par value, 200,000,000 shares authorized; 61,867,577 and 61,660,996 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.00001 par value, 200,000,000 shares authorized; 61,867,577 and 61,660,996 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.58B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.55B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-704.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-561.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-28.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$849.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$541.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.10B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.14B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$988.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$912.70M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.46B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.51B	USD	Point-in-time

Income Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net earned premium	`PremiumsEarnedNet`	$30.10M	USD	2 Qtrs
Net earned premium	`PremiumsEarnedNet`	$31.20M	USD	1 Quarter
Net earned premium	`PremiumsEarnedNet`	$58.60M	USD	2 Qtrs
Net earned premium	`PremiumsEarnedNet`	$16.30M	USD	1 Quarter
Ceding commission income	`CededCommissionIncome`	$29.50M	USD	2 Qtrs
Ceding commission income	`CededCommissionIncome`	$19.60M	USD	2 Qtrs
Ceding commission income	`CededCommissionIncome`	$10.60M	USD	1 Quarter
Ceding commission income	`CededCommissionIncome`	$15.50M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$400.00K	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$200.00K	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$2.10M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$1.20M	USD	1 Quarter
Commission and other income	`InsuranceCommissionsAndFees`	$1.10M	USD	1 Quarter
Commission and other income	`InsuranceCommissionsAndFees`	$1.60M	USD	2 Qtrs
Commission and other income	`InsuranceCommissionsAndFees`	$2.10M	USD	1 Quarter
Commission and other income	`InsuranceCommissionsAndFees`	$4.10M	USD	2 Qtrs
Total revenue	`Revenues`	$50.00M	USD	1 Quarter
Total revenue	`Revenues`	$94.30M	USD	2 Qtrs
Total revenue	`Revenues`	$28.20M	USD	1 Quarter
Total revenue	`Revenues`	$51.70M	USD	2 Qtrs
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$28.10M	USD	1 Quarter
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$29.50M	USD	2 Qtrs
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$52.50M	USD	2 Qtrs
Loss and loss adjustment expense, net	`LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1`	$13.00M	USD	1 Quarter
Other insurance expense	`OtherInsuranceExpense`	$9.70M	USD	1 Quarter
Other insurance expense	`OtherInsuranceExpense`	$5.20M	USD	1 Quarter
Other insurance expense	`OtherInsuranceExpense`	$10.00M	USD	2 Qtrs
Other insurance expense	`OtherInsuranceExpense`	$18.80M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$75.30M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$33.10M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$37.00M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$62.20M	USD	2 Qtrs
Technology development	`ResearchAndDevelopmentExpense`	$14.00M	USD	1 Quarter
Technology development	`ResearchAndDevelopmentExpense`	$17.80M	USD	1 Quarter
Technology development	`ResearchAndDevelopmentExpense`	$34.70M	USD	2 Qtrs
Technology development	`ResearchAndDevelopmentExpense`	$21.10M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$29.90M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$22.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.80M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$50.60M	USD	2 Qtrs
Total expense	`BenefitsLossesAndExpenses`	$81.10M	USD	1 Quarter
Total expense	`BenefitsLossesAndExpenses`	$152.70M	USD	2 Qtrs
Total expense	`BenefitsLossesAndExpenses`	$231.90M	USD	2 Qtrs
Total expense	`BenefitsLossesAndExpenses`	$115.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-65.00M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-101.00M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-137.60M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-52.90M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.70M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.10M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$3.60M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$2.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-74.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-104.60M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-67.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-55.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-142.70M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-49.00M	USD	1 Quarter
Unrealized loss on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-200.00K	USD	1 Quarter
Unrealized loss on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-4.50M	USD	1 Quarter
Unrealized loss on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-100.00K	USD	2 Qtrs
Unrealized loss on investments in fixed maturities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-18.80M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$300.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-6.60M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-5.50M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.00M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-55.50M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-77.90M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-168.10M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-103.70M	USD	2 Qtrs
Net loss per share attributable to common stockholdersbasic (usd per share)	`EarningsPerShareBasic`	$-1.10	USD	1 Quarter
Net loss per share attributable to common stockholdersbasic (usd per share)	`EarningsPerShareBasic`	$-1.72	USD	2 Qtrs
Net loss per share attributable to common stockholdersbasic (usd per share)	`EarningsPerShareBasic`	$-0.90	USD	1 Quarter
Net loss per share attributable to common stockholdersbasic (usd per share)	`EarningsPerShareBasic`	$-2.31	USD	2 Qtrs
Net loss per share attributable to common stockholdersdiluted (usd per share)	`EarningsPerShareDiluted`	$-1.10	USD	1 Quarter
Net loss per share attributable to common stockholdersdiluted (usd per share)	`EarningsPerShareDiluted`	$-1.72	USD	2 Qtrs
Net loss per share attributable to common stockholdersdiluted (usd per share)	`EarningsPerShareDiluted`	$-0.90	USD	1 Quarter
Net loss per share attributable to common stockholdersdiluted (usd per share)	`EarningsPerShareDiluted`	$-2.31	USD	2 Qtrs
Weighted average common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	61.44M	shares	1 Quarter
Weighted average common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	60.64M	shares	2 Qtrs
Weighted average common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	61.82M	shares	1 Quarter
Weighted average common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	61.76M	shares	2 Qtrs
Weighted average common shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.64M	shares	2 Qtrs
Weighted average common shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.76M	shares	2 Qtrs
Weighted average common shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.44M	shares	1 Quarter
Weighted average common shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.82M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-74.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-104.60M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-67.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-55.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-142.70M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-49.00M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$3.10M	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	$1.70M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$18.00M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$28.00M	USD	2 Qtrs
Amortization of discount on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-4.60M	USD	2 Qtrs
Amortization of discount on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	-	USD	2 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$2.30M	USD	2 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$3.60M	USD	2 Qtrs
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$24.40M	USD	2 Qtrs
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$24.20M	USD	2 Qtrs
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$20.60M	USD	2 Qtrs
Reinsurance recoverable	`IncreaseDecreaseInReinsuranceRecoverable`	$15.70M	USD	2 Qtrs
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$19.30M	USD	2 Qtrs
Prepaid reinsurance premium	`IncreaseDecreaseInPrepaidReinsurancePremiums`	$29.00M	USD	2 Qtrs
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$1.40M	USD	2 Qtrs
Deferred acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$1.20M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.50M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$300.00K	USD	2 Qtrs
Unpaid loss and loss adjustment expense	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$25.00M	USD	2 Qtrs
Unpaid loss and loss adjustment expense	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$18.40M	USD	2 Qtrs
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-42.20M	USD	2 Qtrs
Unearned premium	`IncreaseDecreaseInUnearnedPremiumsNet`	$-33.90M	USD	2 Qtrs
Trade payables	`IncreaseDecreaseInAccountsPayable`	$300.00K	USD	2 Qtrs
Trade payables	`IncreaseDecreaseInAccountsPayable`	$-100.00K	USD	2 Qtrs
Funds held for reinsurance treaties	`IncreaseDecreaseInReinsurancePayables`	$16.10M	USD	2 Qtrs
Funds held for reinsurance treaties	`IncreaseDecreaseInReinsurancePayables`	$15.50M	USD	2 Qtrs
Deferred ceding commissions	`IncreaseDecreaseInDeferredCedingCommissions`	$7.70M	USD	2 Qtrs
Deferred ceding commissions	`IncreaseDecreaseInDeferredCedingCommissions`	$5.60M	USD	2 Qtrs
Ceded premium payable	`IncreaseDecreaseInCededPremiumsPayable`	$2.30M	USD	2 Qtrs
Ceded premium payable	`IncreaseDecreaseInCededPremiumsPayable`	$5.00M	USD	2 Qtrs
Other liabilities and accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$6.10M	USD	2 Qtrs
Other liabilities and accrued expenses	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$9.40M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-56.50M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-79.70M	USD	2 Qtrs
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	2 Qtrs
Proceeds from short-term investments sold or matured	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$81.50M	USD	2 Qtrs
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	-	USD	2 Qtrs
Proceeds from bonds sold or matured	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$53.70M	USD	2 Qtrs
Cost of short-term investments acquired	`PaymentsToAcquireMarketableSecurities`	-	USD	2 Qtrs
Cost of short-term investments acquired	`PaymentsToAcquireMarketableSecurities`	$57.30M	USD	2 Qtrs
Cost of bonds acquired	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$64.60M	USD	2 Qtrs
Cost of bonds acquired	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$60.30M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.70M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.60M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$13.00M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-69.30M	USD	2 Qtrs
Proceeds from Follow-on Offering, net of underwriting discounts and commissions and offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$640.30M	USD	2 Qtrs
Proceeds from Follow-on Offering, net of underwriting discounts and commissions and offering costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	2 Qtrs
Proceeds from stock exercises	`ProceedsFromStockOptionsExercised`	$1.00M	USD	2 Qtrs
Proceeds from stock exercises	`ProceedsFromStockOptionsExercised`	$7.80M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.00M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$648.10M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.00M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-5.30M	USD	2 Qtrs
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$521.30M	USD	2 Qtrs
Net (decrease) increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-71.00M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$199.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.09B	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$571.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$270.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$199.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.09B	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$571.40M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$1.10M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$2.70M	USD	2 Qtrs

Stockholders Equity 37 line items

Line Item	Tag	Value	Unit	Period
Issuance costs and underwriting fees	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$28.20M	USD	1 Quarter
Beginning balance (in shares)	`CommonStockSharesOutstanding`	61.87M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	61.66M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$849.10M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$541.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.10B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.14B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$988.20M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$912.70M	USD	Point-in-time
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	170,362.00	shares	2 Qtrs
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$600.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.70M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$400.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$6.10M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$640.30M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.90M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.10M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.90M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-74.80M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-104.60M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-67.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-55.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-142.70M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-49.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-15.40M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-100.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-10.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-800.00K	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	61.87M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	61.66M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$849.10M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$541.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.10B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.14B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$988.20M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$912.70M	USD	Point-in-time

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