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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net Revenue:        
Total net revenue $ 847,186 $ 764,406 $ 1,588,176 $ 1,498,105
Cost of Revenue:        
Total cost of revenue 468,915 409,257 872,308 778,149
Gross Profit (Loss):        
Total gross profit 378,271 355,149 715,868 719,956
Operating Expenses:        
Research and development 192,387 196,637 412,472 360,635
Sales and marketing 227,192 184,971 461,111 331,493
General and administrative 84,652 84,054 180,705 161,831
Total operating expenses 504,231 465,662 1,054,288 853,959
Loss from Operations (125,960) (110,513) (338,420) (134,003)
Other Income (Expense), Net:        
Interest expense (4) (1,059) (685) (2,116)
Other income, net 19,999 1,829 43,100 2,238
Total other income, net 19,995 770 42,415 122
Loss Before Income Taxes (105,965) (109,743) (296,005) (133,881)
Income tax expense 1,630 2,578 5,194 4,746
Net Loss $ (107,595) $ (112,321) $ (301,199) $ (138,627)
Net loss per share — basic (in dollars per share) $ (0.76) $ (0.82) $ (2.14) $ (1.02)
Net loss per share - diluted (in dollars per share) $ (0.76) $ (0.82) $ (2.14) $ (1.02)
Weighted-average common shares outstanding — basic (in shares) 141,033 136,849 140,685 136,198
Weighted-average common shares outstanding — diluted (in shares) 141,033 136,849 140,685 136,198
Platform | Services        
Net Revenue:        
Total net revenue $ 743,835 $ 669,256 $ 1,378,453 $ 1,312,963
Cost of Revenue:        
Total cost of revenue 348,010 295,058 648,597 560,846
Gross Profit (Loss):        
Total gross profit 395,825 374,198 729,856 752,117
Devices | Goods        
Net Revenue:        
Total net revenue 103,351 95,150 209,723 185,142
Cost of Revenue:        
Total cost of revenue 120,905 114,199 223,711 217,303
Gross Profit (Loss):        
Total gross profit $ (17,554) $ (19,049) $ (13,988) $ (32,161)