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Consolidated Statements of Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue $ 540,074 $ 236,916 $ 1,279,708 $ 641,576
Cost of revenue 412,772 143,844 983,912 489,586
Gross profit 127,302 93,072 295,796 151,990
Operating expenses        
Technology and development 43,658 22,452 112,824 60,687
Marketing 49,143 12,421 116,343 47,611
General and administrative 54,395 21,190 151,352 68,539
Total operating expenses 147,196 56,063 380,519 176,837
(Loss) Income from operations (19,894) 37,009 (84,723) (24,847)
Interest income 178 319 472 1,859
Interest expense (3,672) (2,522) (7,822) (7,631)
Income tax benefit 311 0 5,363 0
Other income (expense), net 4,128 (640) 4,099 (1,943)
Net (loss) income (18,949) 34,166 (82,611) (32,562)
Dividends on convertible preferred stock (1,662) (1,530) (5,875) (2,814)
Undistributed earnings attributable to participating securities 0 (653) 0 0
Net loss attributable to common stock - basic (20,611) 31,983 (88,486) (35,376)
Net loss attributable to common stock - diluted $ (20,611) $ 31,983 $ (88,486) $ (35,376)
Net loss per share attributable to common stock - basic (in dollars per share) $ (0.20) $ 0.32 $ (0.85) $ (0.36)
Weighted average shares - basic (in shares) 105,144,872 99,840,144 104,327,614 97,365,122
Weighted averages shares - diluted (in shares) 105,144,872 107,607,711 104,327,614 97,365,122
Net loss per share attributable to common stock - diluted (in dollars per share) $ (0.20) $ 0.30 $ (0.85) $ (0.36)
Net loss $ (18,949) $ 34,166 $ (82,611) $ (32,562)
Other comprehensive income (loss)        
Foreign currency translation adjustments 3 6 3 (16)
Unrealized gain (loss) on available-for-sale debt securities 27 (139) 161 282
Comprehensive (loss) income (18,919) 34,033 (82,447) (32,296)
Service        
Revenue 301,657 217,280 776,120 469,893
Cost of revenue 174,267 122,583 486,880 314,842
Product        
Revenue 238,417 19,636 503,588 171,683
Cost of revenue $ 238,505 $ 21,261 $ 497,032 $ 174,744