10-Q Filing

ROBINHOOD MARKETS, INC. CIK: 1783879 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001783879-21-000054`
Period End Date	20210930
Filing Date	20211029
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	hood-20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 76 Cash Flow Statement 91 Stockholders Equity 57 Comprehensive Income 16

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Redeemable convertible preferred stock, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Redeemable convertible preferred stock, par value (in dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Redeemable convertible preferred stock, authorized (in shares)	`TemporaryEquitySharesAuthorized`	0.00	shares	Point-in-time
Redeemable convertible preferred stock, authorized (in shares)	`TemporaryEquitySharesAuthorized`	414.03M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.02B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.40B	USD	Point-in-time
Redeemable convertible preferred stock, issued (in shares)	`TemporaryEquitySharesIssued`	412.74M	shares	Point-in-time
Redeemable convertible preferred stock, issued (in shares)	`TemporaryEquitySharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.17B	USD	Point-in-time
Cash and securities segregated under federal and other regulations	`CashAndSecuritiesSegregatedUnderSecuritiesExchangeCommissionRegulation`	$4.91B	USD	Point-in-time
Cash and securities segregated under federal and other regulations	`CashAndSecuritiesSegregatedUnderSecuritiesExchangeCommissionRegulation`	$4.47B	USD	Point-in-time
Redeemable convertible preferred stock, outstanding (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Redeemable convertible preferred stock, outstanding (in shares)	`TemporaryEquitySharesOutstanding`	412.74M	shares	Point-in-time
Redeemable convertible preferred stock, Liquidation preference	`TemporaryEquityLiquidationPreference`	$2.19B	USD	Point-in-time
Receivables from brokers, dealers and clearing organizations	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$124.50M	USD	Point-in-time
Receivables from brokers, dealers and clearing organizations	`ReceivablesFromBrokersDealersAndClearingOrganizations`	$124.96M	USD	Point-in-time
Preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Receivables from users, net	`ContractWithCustomerReceivableAfterAllowanceForCreditLossCurrent`	$3.35B	USD	Point-in-time
Receivables from users, net	`ContractWithCustomerReceivableAfterAllowanceForCreditLossCurrent`	$6.10B	USD	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$316.22M	USD	Point-in-time
Deposits with clearing organizations	`DepositsWithClearingOrganizationsAndOthersSecurities`	$225.51M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.67B	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$851.14M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$18.85B	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$10.87B	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property, software and equipment, net	`PropertyPlantAndEquipmentNet`	$114.67M	USD	Point-in-time
Common stock, par value (in USD per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property, software and equipment, net	`PropertyPlantAndEquipmentNet`	$45.83M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	0.00	shares	Point-in-time
Goodwill	`Goodwill`	$95.56M	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	777.35M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	0.00	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$35.23M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	229.03M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$185.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	229.03M	shares	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$23.77M	USD	Point-in-time
Restricted cash	`RestrictedCashNoncurrent`	$7.36M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$198.44M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$62.51M	USD	Point-in-time
Total assets	`Assets`	$10.99B	USD	Point-in-time
Total assets	`Assets`	$19.32B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$104.65M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$237.15M	USD	Point-in-time
Payables to users	`ContractWithCustomerLiabilityCurrent`	$6.81B	USD	Point-in-time
Payables to users	`ContractWithCustomerLiabilityCurrent`	$5.90B	USD	Point-in-time
Securities loaned	`SecuritiesLoaned`	$3.13B	USD	Point-in-time
Securities loaned	`SecuritiesLoaned`	$1.92B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.62B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$893.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.80B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.82B	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$134.37M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$48.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.86B	USD	Point-in-time
Total liabilities	`Liabilities`	$11.93B	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Carrying Value of Stock, Net of Issuance Costs	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Carrying Value of Stock, Net of Issuance Costs	`TemporaryEquityCarryingAmountAttributableToParent`	$2.18B	USD	Point-in-time
Preferred stock, $0.0001 par value. No shares authorized, issued and outstanding as of December 31, 2020; 210,000,000 shares authorized and no shares issued and outstanding as of September 30, 2021.	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value. No shares authorized, issued and outstanding as of December 31, 2020; 210,000,000 shares authorized and no shares issued and outstanding as of September 30, 2021.	`PreferredStockValue`	-	USD	Point-in-time
Common stock, value	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, value	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.84B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$134.31M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$383.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$473.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.45B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-190.10M	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$-86.95M	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$-92.61M	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$-55.32M	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$7.38B	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$-97.05M	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$-1.98B	USD	Point-in-time
Total liabilities, mezzanine equity and stockholders (deficit) equity	`LiabilitiesAndStockholdersEquity`	$19.32B	USD	Point-in-time
Total liabilities, mezzanine equity and stockholders (deficit) equity	`LiabilitiesAndStockholdersEquity`	$10.99B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net interest revenues	`InterestIncomeExpenseNet`	$114.42M	USD	3 Qtrs
Net interest revenues	`InterestIncomeExpenseNet`	$193.61M	USD	3 Qtrs
Net interest revenues	`InterestIncomeExpenseNet`	$63.41M	USD	1 Quarter
Net interest revenues	`InterestIncomeExpenseNet`	$50.41M	USD	1 Quarter
Total net revenues	`Revenues`	$1.45B	USD	3 Qtrs
Total net revenues	`Revenues`	$641.29M	USD	3 Qtrs
Total net revenues	`Revenues`	$364.92M	USD	1 Quarter
Total net revenues	`Revenues`	$269.53M	USD	1 Quarter
Brokerage and transaction	`FloorBrokerageExchangeAndClearanceFees`	$122.85M	USD	3 Qtrs
Brokerage and transaction	`FloorBrokerageExchangeAndClearanceFees`	$80.46M	USD	3 Qtrs
Brokerage and transaction	`FloorBrokerageExchangeAndClearanceFees`	$44.03M	USD	1 Quarter
Brokerage and transaction	`FloorBrokerageExchangeAndClearanceFees`	$31.44M	USD	1 Quarter
Technology and development	`TechnologyAndDevelopmentExpense`	$952.37M	USD	3 Qtrs
Technology and development	`TechnologyAndDevelopmentExpense`	$55.49M	USD	1 Quarter
Technology and development	`TechnologyAndDevelopmentExpense`	$133.67M	USD	3 Qtrs
Technology and development	`TechnologyAndDevelopmentExpense`	$679.16M	USD	1 Quarter
Operations	`OtherCostAndExpenseOperating`	$93.24M	USD	3 Qtrs
Operations	`OtherCostAndExpenseOperating`	$40.96M	USD	1 Quarter
Operations	`OtherCostAndExpenseOperating`	$108.34M	USD	1 Quarter
Operations	`OtherCostAndExpenseOperating`	$275.97M	USD	3 Qtrs
Marketing	`MarketingExpense`	$283.30M	USD	3 Qtrs
Marketing	`MarketingExpense`	$86.89M	USD	1 Quarter
Marketing	`MarketingExpense`	$152.52M	USD	3 Qtrs
Marketing	`MarketingExpense`	$39.09M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$790.06M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$113.49M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$186.78M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.04B	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$646.67M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$280.48M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.71B	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.67B	USD	3 Qtrs
Change in fair value of convertible notes and warrant liability	`FairValueAdjustmentOfConvertibleDebtAndWarrants`	$25.34M	USD	1 Quarter
Change in fair value of convertible notes and warrant liability	`FairValueAdjustmentOfConvertibleDebtAndWarrants`	$2.05B	USD	3 Qtrs
Change in fair value of convertible notes and warrant liability	`FairValueAdjustmentOfConvertibleDebtAndWarrants`	-	USD	3 Qtrs
Change in fair value of convertible notes and warrant liability	`FairValueAdjustmentOfConvertibleDebtAndWarrants`	-	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-45.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-88.00K	USD	3 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$2.10M	USD	3 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$1.96M	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.37B	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.46M	USD	3 Qtrs
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.26B	USD	3 Qtrs
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.99M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-50.24M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-958.00K	USD	3 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-333.00K	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$115.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.26B	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-10.66M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.58M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.32B	USD	1 Quarter
Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.58M	USD	3 Qtrs
Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.32B	USD	1 Quarter
Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-10.66M	USD	1 Quarter
Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.26B	USD	3 Qtrs
Diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-3.26B	USD	3 Qtrs
Diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-5.58M	USD	3 Qtrs
Diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-1.32B	USD	1 Quarter
Diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-10.66M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.05	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-8.85	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-2.06	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.05	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-2.06	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-8.85	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.02	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	225.30M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	368.52M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	638.17M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	226.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	226.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	368.52M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	638.17M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	225.30M	shares	3 Qtrs

Cash Flow Statement 91 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.26B	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-10.66M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.58M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.32B	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.73M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.57M	USD	3 Qtrs
Provision for credit losses	`ProvisionForDoubtfulAccounts`	$44.34M	USD	3 Qtrs
Provision for credit losses	`ProvisionForDoubtfulAccounts`	$61.80M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.25B	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$5.35M	USD	3 Qtrs
Change in fair value of convertible notes and warrant liability	`FairValueAdjustmentOfConvertibleDebtAndWarrants`	$25.34M	USD	1 Quarter
Change in fair value of convertible notes and warrant liability	`FairValueAdjustmentOfConvertibleDebtAndWarrants`	$2.05B	USD	3 Qtrs
Change in fair value of convertible notes and warrant liability	`FairValueAdjustmentOfConvertibleDebtAndWarrants`	-	USD	3 Qtrs
Change in fair value of convertible notes and warrant liability	`FairValueAdjustmentOfConvertibleDebtAndWarrants`	-	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$2.34M	USD	3 Qtrs
Other	`OtherOperatingActivitiesCashFlowStatement`	$-121.00K	USD	3 Qtrs
Segregated securities under federal and other regulations	`IncreaseDecreaseInSegregatedSecuritiesUnderFederalAndOtherRegulations`	$5.00M	USD	3 Qtrs
Segregated securities under federal and other regulations	`IncreaseDecreaseInSegregatedSecuritiesUnderFederalAndOtherRegulations`	$-84.99M	USD	3 Qtrs
Increase (Decrease) in Receivables from Brokers-Dealers and Clearing Organizations	`IncreaseDecreaseInBrokerageReceivables`	$62.71M	USD	3 Qtrs
Increase (Decrease) in Receivables from Brokers-Dealers and Clearing Organizations	`IncreaseDecreaseInBrokerageReceivables`	$461.00K	USD	3 Qtrs
Receivables from users, net	`IncreaseDecreaseInAccountsReceivable`	$2.81B	USD	3 Qtrs
Receivables from users, net	`IncreaseDecreaseInAccountsReceivable`	$1.66B	USD	3 Qtrs
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$121.81M	USD	3 Qtrs
Deposits with clearing organizations	`IncreaseDecreaseInDepositOtherAssets`	$90.71M	USD	3 Qtrs
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$957.22M	USD	3 Qtrs
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$539.10M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$109.40M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$118.46M	USD	3 Qtrs
Payables to users	`IncreaseDecreaseInPayablesToCustomers`	$913.93M	USD	3 Qtrs
Payables to users	`IncreaseDecreaseInPayablesToCustomers`	$2.73B	USD	3 Qtrs
Securities loaned	`IncreaseDecreaseInSecuritiesLoanedTransactions`	$1.21B	USD	3 Qtrs
Securities loaned	`IncreaseDecreaseInSecuritiesLoanedTransactions`	$487.90M	USD	3 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$541.00M	USD	3 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$805.88M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.53B	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-609.14M	USD	3 Qtrs
Purchase of property, software and equipment	`PaymentsToAcquireProductiveAssets`	$17.58M	USD	3 Qtrs
Purchase of property, software and equipment	`PaymentsToAcquireProductiveAssets`	$46.11M	USD	3 Qtrs
Capitalization of internally developed software	`PaymentsToDevelopSoftware`	$12.62M	USD	3 Qtrs
Capitalization of internally developed software	`PaymentsToDevelopSoftware`	$5.71M	USD	3 Qtrs
Acquisitions of a business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$119.16M	USD	3 Qtrs
Acquisitions of a business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$1.59M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-179.47M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.29M	USD	3 Qtrs
Proceeds from issuance of common stock in connection with initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	3 Qtrs
Proceeds from issuance of common stock in connection with initial public offering, net of offering costs	`ProceedsFromIssuanceInitialPublicOffering`	$2.06B	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$411.77M	USD	3 Qtrs
Proceeds from issuance of convertible notes and warrants	`ProceedsFromIssuanceOfConvertibleDebtAndWarrants`	$3.55B	USD	3 Qtrs
Proceeds from issuance of convertible notes and warrants	`ProceedsFromIssuanceOfConvertibleDebtAndWarrants`	-	USD	3 Qtrs
Draws on credit facilities	`ProceedsFromLinesOfCredit`	$937.70M	USD	3 Qtrs
Draws on credit facilities	`ProceedsFromLinesOfCredit`	$1.96B	USD	3 Qtrs
Repayments on credit facilities	`RepaymentsOfLinesOfCredit`	$1.96B	USD	3 Qtrs
Repayments on credit facilities	`RepaymentsOfLinesOfCredit`	$937.70M	USD	3 Qtrs
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs	`ProceedsFromIssuanceOfRedeemableConvertiblePreferredStockNetOfIssuanceCosts`	-	USD	3 Qtrs
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs	`ProceedsFromIssuanceOfRedeemableConvertiblePreferredStockNetOfIssuanceCosts`	$1.27B	USD	3 Qtrs
Proceeds from exercise of stock options, net of repurchases	`ProceedsFromStockOptionsExercised`	$3.59M	USD	3 Qtrs
Proceeds from exercise of stock options, net of repurchases	`ProceedsFromStockOptionsExercised`	$11.78M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.27B	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.21B	USD	3 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$20.00K	USD	3 Qtrs
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-90.00K	USD	3 Qtrs
Net increase in cash, cash equivalents, segregated cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.78B	USD	3 Qtrs
Net increase in cash, cash equivalents, segregated cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.42B	USD	3 Qtrs
Cash, cash equivalents, segregated cash and restricted cash, beginning of the period	`CashCashEquivalentsCashSegregatedUnderOtherRegulationsRestrictedCashAndRestrictedCashEquivalents`	$10.61B	USD	Point-in-time
Cash, cash equivalents, segregated cash and restricted cash, beginning of the period	`CashCashEquivalentsCashSegregatedUnderOtherRegulationsRestrictedCashAndRestrictedCashEquivalents`	$3.07B	USD	Point-in-time
Cash, cash equivalents, segregated cash and restricted cash, beginning of the period	`CashCashEquivalentsCashSegregatedUnderOtherRegulationsRestrictedCashAndRestrictedCashEquivalents`	$6.19B	USD	Point-in-time
Cash, cash equivalents, segregated cash and restricted cash, beginning of the period	`CashCashEquivalentsCashSegregatedUnderOtherRegulationsRestrictedCashAndRestrictedCashEquivalents`	$5.85B	USD	Point-in-time
Cash, cash equivalents, segregated cash and restricted cash, end of the period	`CashCashEquivalentsCashSegregatedUnderOtherRegulationsRestrictedCashAndRestrictedCashEquivalents`	$10.61B	USD	Point-in-time
Cash, cash equivalents, segregated cash and restricted cash, end of the period	`CashCashEquivalentsCashSegregatedUnderOtherRegulationsRestrictedCashAndRestrictedCashEquivalents`	$3.07B	USD	Point-in-time
Cash, cash equivalents, segregated cash and restricted cash, end of the period	`CashCashEquivalentsCashSegregatedUnderOtherRegulationsRestrictedCashAndRestrictedCashEquivalents`	$6.19B	USD	Point-in-time
Cash, cash equivalents, segregated cash and restricted cash, end of the period	`CashCashEquivalentsCashSegregatedUnderOtherRegulationsRestrictedCashAndRestrictedCashEquivalents`	$5.85B	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.02B	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.40B	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.17B	USD	Point-in-time
Segregated cash, end of the period	`CashSegregatedUnderOtherRegulations`	$4.42B	USD	Point-in-time
Segregated cash, end of the period	`CashSegregatedUnderOtherRegulations`	$3.82B	USD	Point-in-time
Restricted cash, end of the period	`RestrictedCash`	$7.36M	USD	Point-in-time
Restricted cash, end of the period	`RestrictedCash`	$25.46M	USD	Point-in-time
Cash, cash equivalents, segregated cash and restricted cash, end of the period	`CashCashEquivalentsCashSegregatedUnderOtherRegulationsRestrictedCashAndRestrictedCashEquivalents`	$10.61B	USD	Point-in-time
Cash, cash equivalents, segregated cash and restricted cash, end of the period	`CashCashEquivalentsCashSegregatedUnderOtherRegulationsRestrictedCashAndRestrictedCashEquivalents`	$3.07B	USD	Point-in-time
Cash, cash equivalents, segregated cash and restricted cash, end of the period	`CashCashEquivalentsCashSegregatedUnderOtherRegulationsRestrictedCashAndRestrictedCashEquivalents`	$6.19B	USD	Point-in-time
Cash, cash equivalents, segregated cash and restricted cash, end of the period	`CashCashEquivalentsCashSegregatedUnderOtherRegulationsRestrictedCashAndRestrictedCashEquivalents`	$5.85B	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$2.70M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$6.18M	USD	3 Qtrs
Cash paid for income taxes, net of refund received	`IncomeTaxesPaidNet`	$2.84M	USD	3 Qtrs
Cash paid for income taxes, net of refund received	`IncomeTaxesPaidNet`	$3.16M	USD	3 Qtrs
Unpaid offering costs in connection with initial public offering	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	3 Qtrs
Unpaid offering costs in connection with initial public offering	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$5.15M	USD	3 Qtrs

Stockholders Equity 57 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period, Redeemable convertible preferred stock (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Balance at beginning of period, Redeemable convertible preferred stock (in shares)	`TemporaryEquitySharesOutstanding`	412.74M	shares	Point-in-time
Balance at beginning of period, Redeemable convertible preferred stock	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Balance at beginning of period, Redeemable convertible preferred stock	`TemporaryEquityCarryingAmountAttributableToParent`	$2.18B	USD	Point-in-time
Balance at end of period, Redeemable convertible preferred stock (in shares)	`TemporaryEquitySharesOutstanding`	0.00	shares	Point-in-time
Balance at end of period, Redeemable convertible preferred stock (in shares)	`TemporaryEquitySharesOutstanding`	412.74M	shares	Point-in-time
Balance at end of period, Redeemable convertible preferred stock	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Balance at end of period, Redeemable convertible preferred stock	`TemporaryEquityCarryingAmountAttributableToParent`	$2.18B	USD	Point-in-time
Balance at beginning of period, Common stock (in shares)	`CommonStockSharesOutstanding`	0.00	shares	Point-in-time
Balance at beginning of period, Common stock (in shares)	`CommonStockSharesOutstanding`	229.03M	shares	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$-86.95M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$-92.61M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$-55.32M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$7.38B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$-97.05M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$-1.98B	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-3.26B	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-10.66M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.58M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.32B	USD	1 Quarter
Shares issued in connection with employee stock options	`StockIssuedDuringPeriodValueShareBasedCompensation`	$11.66M	USD	3 Qtrs
Shares issued in connection with employee stock options	`StockIssuedDuringPeriodValueShareBasedCompensation`	$4.51M	USD	3 Qtrs
Shares issued in connection with employee stock options	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.07M	USD	1 Quarter
Shares issued in connection with employee stock options	`StockIssuedDuringPeriodValueShareBasedCompensation`	$5.09M	USD	1 Quarter
Issuance of common stock in connection with initial public offering, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$2.05B	USD	3 Qtrs
Issuance of common stock in connection with initial public offering, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$2.05B	USD	1 Quarter
Issuance of common stock upon settlement of restricted stock units, net of shares withheld	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-411.77M	USD	1 Quarter
Issuance of common stock upon settlement of restricted stock units, net of shares withheld	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-411.77M	USD	3 Qtrs
Vesting of early-exercised stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$127.00K	USD	1 Quarter
Vesting of early-exercised stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$439.00K	USD	3 Qtrs
Vesting of early-exercised stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$108.00K	USD	1 Quarter
Vesting of early-exercised stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$281.00K	USD	3 Qtrs
Conversion of preferred stock to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$2.18B	USD	3 Qtrs
Conversion of preferred stock to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$2.18B	USD	1 Quarter
Conversion of convertible notes to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleDebt`	$5.22B	USD	1 Quarter
Conversion of convertible notes to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleDebt`	$5.22B	USD	3 Qtrs
Reclassification of warrant liability to stockholders' equity	`AdjustmentsToAdditionalPaidInCapitalReclassificationOfWarrantLiabilityToEquity`	$380.04M	USD	1 Quarter
Reclassification of warrant liability to stockholders' equity	`AdjustmentsToAdditionalPaidInCapitalReclassificationOfWarrantLiabilityToEquity`	$380.04M	USD	3 Qtrs
Vesting of replacement awards issued in connection with acquisition	`AdjustmentsToAdditionalPaidInCapitalStockBasedCompensationAwardsAttributableToServicesInBusinessAcquisition`	$639.00K	USD	3 Qtrs
Vesting of replacement awards issued in connection with acquisition	`AdjustmentsToAdditionalPaidInCapitalStockBasedCompensationAwardsAttributableToServicesInBusinessAcquisition`	$639.00K	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$875.00K	USD	3 Qtrs
Change in other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-90.00K	USD	3 Qtrs
Change in other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-142.00K	USD	1 Quarter
Change in other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$20.00K	USD	3 Qtrs
Change in other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$194.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.26B	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.91M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.27B	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.60M	USD	1 Quarter
Balance at end of period, Common stock (in shares)	`CommonStockSharesOutstanding`	0.00	shares	Point-in-time
Balance at end of period, Common stock (in shares)	`CommonStockSharesOutstanding`	229.03M	shares	Point-in-time
Balance at end of period	`StockholdersEquity`	$-86.95M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$-92.61M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$-55.32M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$7.38B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$-97.05M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$-1.98B	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.26B	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-10.66M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.58M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.32B	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$20.00K	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$194.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-90.00K	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-142.00K	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-90.00K	USD	3 Qtrs
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-142.00K	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$20.00K	USD	3 Qtrs
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$194.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.26B	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-5.56M	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-10.47M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.32B	USD	1 Quarter

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