XML 24 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenue $ 109,392,000 $ 90,941,000 $ 211,690,000 $ 179,206,000
Cost of revenue [1],[2] 21,688,000 21,009,000 42,460,000 40,953,000
Gross profit 87,704,000 69,932,000 169,230,000 138,253,000
Operating expenses:        
Research and development [1] 34,225,000 26,571,000 67,208,000 53,128,000
Sales and marketing [1],[2] 56,025,000 42,578,000 108,061,000 84,669,000
General and administrative [1] 24,170,000 21,339,000 47,492,000 43,271,000
Total operating expenses 114,420,000 90,488,000 222,761,000 181,068,000
Loss from operations (26,716,000) (20,556,000) (53,531,000) (42,815,000)
Interest expense 2,304,000 2,422,000 4,603,000 5,508,000
Other non-operating (income) expense, net (119,000) 102,000 196,000 (1,134,000)
Loss before income taxes (28,901,000) (23,080,000) (58,330,000) (47,189,000)
Provision for (benefit from) income taxes 336,000 (156,000) 554,000 (15,000)
Net loss $ (29,237,000) $ (22,924,000) $ (58,884,000) $ (47,174,000)
Net loss per share, basic and diluted $ (0.20) $ (0.17) $ (0.40) $ (0.34)
Weighted-average shares used in computing basic and diluted net loss per share 146,242 138,777 145,467 137,844
[1]

(1)       Includes stock-based compensation, net of amounts capitalized as follows:

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

(in thousands)

 

2021

 

2020

 

2021

 

2020

 

Cost of revenue

 

$

1,580

 

$

1,047

 

$

3,062

 

$

2,007

 

Research and development

 

 

10,313

 

 

7,496

 

 

19,810

 

 

13,953

 

Sales and marketing

 

 

6,414

 

 

4,841

 

 

12,192

 

 

9,184

 

General and administrative

 

 

7,266

 

 

6,087

 

 

14,108

 

 

11,829

 

Stock-based compensation, net of amounts capitalized

 

$

25,573

 

$

19,471

 

$

49,172

 

$

36,973

 

[2]

(2)      Includes amortization of acquisition intangible assets as follows:

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

(in thousands)

 

2021

 

2020

 

2021

 

2020

 

Cost of revenue

 

$

1,477

 

$

2,003

 

$

2,967

 

$

4,013

 

Sales and marketing

 

 

1,117

 

 

1,355

 

 

2,250

 

 

2,713

 

Amortization of acquisition intangible assets

 

$

2,594

 

$

3,358

 

$

5,217

 

$

6,726