XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net Revenue:        
Total net revenue $ 912,018 $ 761,373 $ 2,500,194 $ 2,259,478
Cost of Revenue:        
Total cost of revenue 543,195 404,586 1,415,503 1,182,735
Gross Profit (Loss):        
Total gross profit 368,823 356,787 1,084,691 1,076,743
Operating Expenses:        
Research and development 282,201 207,608 694,673 568,243
Sales and marketing 307,694 209,364 768,805 540,857
General and administrative 128,717 86,804 309,422 248,635
Total operating expenses 718,612 503,776 1,772,900 1,357,735
Loss from Operations (349,789) (146,989) (688,209) (280,992)
Other Income (Expense), Net:        
Interest expense (10) (1,157) (695) (3,273)
Other income, net 22,912 27,914 66,012 30,152
Total other income, net 22,902 26,757 65,317 26,879
Loss Before Income Taxes (326,887) (120,232) (622,892) (254,113)
Income tax expense 3,184 1,951 8,378 6,697
Net Loss $ (330,071) $ (122,183) $ (631,270) $ (260,810)
Net loss per share — basic (in dollars per share) $ (2.33) $ (0.88) $ (4.47) $ (1.90)
Net loss per share - diluted (in dollars per share) $ (2.33) $ (0.88) $ (4.47) $ (1.90)
Weighted-average common shares outstanding — basic (in shares) 141,877 138,571 141,087 136,997
Weighted-average common shares outstanding — diluted (in shares) 141,877 138,571 141,087 136,997
Platform | Services        
Net Revenue:        
Total net revenue $ 786,785 $ 667,217 $ 2,165,238 $ 1,980,180
Cost of Revenue:        
Total cost of revenue 408,554 295,550 1,057,151 856,396
Gross Profit (Loss):        
Total gross profit 378,231 371,667 1,108,087 1,123,784
Devices | Goods        
Net Revenue:        
Total net revenue 125,233 94,156 334,956 279,298
Cost of Revenue:        
Total cost of revenue 134,641 109,036 358,352 326,339
Gross Profit (Loss):        
Total gross profit $ (9,408) $ (14,880) $ (23,396) $ (47,041)