2024 Q2 Form 10-K Financial Statement

#000162828024028786 Filed on June 18, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 2023
Revenue $86.59M $310.6M $266.8M
YoY Change 19.58% 16.41% 5.55%
Cost Of Revenue $34.98M $132.0M $86.34M
YoY Change 40.43% 52.91% 35.51%
Gross Profit $51.61M $178.6M $180.5M
YoY Change 8.65% -1.05% -4.54%
Gross Profit Margin 59.6% 57.49% 67.64%
Selling, General & Admin $83.30M $295.5M $260.3M
YoY Change 17.16% 13.54% 10.94%
% of Gross Profit 161.4% 165.51% 144.24%
Research & Development $50.62M $201.4M $210.7M
YoY Change 1.89% -4.41% 39.93%
% of Gross Profit 98.08% 112.77% 116.74%
Depreciation & Amortization $3.250M $12.72M $6.088M
YoY Change 14.8% 108.92% 17.3%
% of Gross Profit 6.3% 7.12% 3.37%
Operating Expenses $133.9M $496.9M $471.0M
YoY Change 10.88% 5.51% 22.27%
Operating Profit -$82.31M -$318.3M -$290.5M
YoY Change 12.32% 9.59% 48.12%
Interest Expense $9.482M $40.08M $21.98M
YoY Change 15.21% 82.35% 1103.01%
% of Operating Profit
Other Income/Expense, Net -$173.0K -$641.0K $350.0K
YoY Change -160.92% -283.14% -88.41%
Pretax Income -$73.00M -$278.9M -$268.2M
YoY Change 12.71% 4.01% 40.2%
Income Tax -$71.00K $792.0K $675.0K
% Of Pretax Income
Net Earnings -$72.93M -$279.7M -$268.8M
YoY Change 12.27% 4.04% 39.97%
Net Earnings / Revenue -84.22% -90.06% -100.77%
Basic Earnings Per Share -$2.34 -$2.45
Diluted Earnings Per Share -$0.59 -$2.34 -$2.45
COMMON SHARES
Basic Shares Outstanding 119.4M shares 109.9M shares
Diluted Shares Outstanding 119.4M shares 109.9M shares

Balance Sheet

Concept 2024 Q2 2024 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $750.4M $750.4M $731.0M
YoY Change 2.65% 2.65% -23.87%
Cash & Equivalents $167.1M $167.1M $284.8M
Short-Term Investments $583.2M $583.2M $446.2M
Other Short-Term Assets $23.96M $23.96M $23.31M
YoY Change 2.81% 2.81% 16.52%
Inventory
Prepaid Expenses
Receivables $130.1M $130.1M $134.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $904.4M $904.4M $888.9M
YoY Change 1.75% 1.75% -16.18%
LONG-TERM ASSETS
Property, Plant & Equipment $88.63M $88.63M $84.58M
YoY Change 4.79% 4.79% 94.31%
Goodwill $625.0K
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00 $81.42M
YoY Change -100.0% -100.0% 153.75%
Other Assets $44.58M $44.58M $47.53M
YoY Change -6.21% -6.21% 38.94%
Total Long-Term Assets $133.8M $133.8M $214.1M
YoY Change -37.51% -37.51% 93.89%
TOTAL ASSETS
Total Short-Term Assets $904.4M $904.4M $888.9M
Total Long-Term Assets $133.8M $133.8M $214.1M
Total Assets $1.038B $1.038B $1.103B
YoY Change -5.88% -5.88% -5.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.32M $11.32M $24.61M
YoY Change -54.02% -54.02% -54.61%
Accrued Expenses $53.79M $53.79M $63.58M
YoY Change -15.4% -15.4% 35.0%
Deferred Revenue $37.23M
YoY Change -22.19%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $102.3M $102.3M $136.0M
YoY Change -24.78% -24.78% -9.41%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $62.54M $62.54M $37.32M
YoY Change 67.55% 67.55% 19.49%
Total Long-Term Liabilities $62.54M $62.54M $37.32M
YoY Change 67.55% 67.55% 19.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $102.3M $102.3M $136.0M
Total Long-Term Liabilities $62.54M $62.54M $37.32M
Total Liabilities $164.9M $164.9M $173.4M
YoY Change -4.9% -4.9% -4.43%
SHAREHOLDERS EQUITY
Retained Earnings -$1.090B
YoY Change 34.52%
Common Stock $1.964B
YoY Change 12.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $873.4M $873.4M $929.7M
YoY Change
Total Liabilities & Shareholders Equity $1.038B $1.038B $1.103B
YoY Change -5.88% -5.88% -5.8%

Cashflow Statement

Concept 2024 Q2 2024 2023
OPERATING ACTIVITIES
Net Income -$72.93M -$279.7M -$268.8M
YoY Change 12.27% 4.04% 39.97%
Depreciation, Depletion And Amortization $3.250M $12.72M $6.088M
YoY Change 14.8% 108.92% 17.3%
Cash From Operating Activities $21.34M -$62.36M -$115.7M
YoY Change -21.11% -46.1% 33.81%
INVESTING ACTIVITIES
Capital Expenditures $2.538M $28.01M $71.52M
YoY Change -76.39% -60.84% 1786.52%
Acquisitions
YoY Change
Other Investing Activities $28.52M -$38.61M $131.5M
YoY Change -162.43% -129.37% -59.08%
Cash From Investing Activities $25.99M -$66.61M $59.95M
YoY Change -146.04% -211.13% -81.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $8.080M $24.51M $7.561M
YoY Change 55.47% 224.22% -49.59%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.257M 11.29M 621.0K
YoY Change 71.13% 1718.68% -89.13%
NET CHANGE
Cash From Operating Activities 21.34M -62.36M -115.7M
Cash From Investing Activities 25.99M -66.61M 59.95M
Cash From Financing Activities 5.257M 11.29M 621.0K
Net Change In Cash 52.58M -117.7M -55.12M
YoY Change -299.84% 113.49% -123.33%
FREE CASH FLOW
Cash From Operating Activities $21.34M -$62.36M -$115.7M
Capital Expenditures $2.538M $28.01M $71.52M
Free Cash Flow $18.80M -$90.37M -$187.2M
YoY Change 15.35% -51.73% 107.43%

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APICShareBasedPaymentArrangementIncreaseForStockOptionsEarlyExercised
1006000 usd
CY2023 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
6940000 usd
CY2023 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3093000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
181522000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1763000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-268839000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
929665000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
929665000 usd
CY2024 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
13710000 usd
CY2024 ai Apic Share Based Payment Arrangement Increase For Stock Options Early Exercised
APICShareBasedPaymentArrangementIncreaseForStockOptionsEarlyExercised
507000 usd
CY2024 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
13220000 usd
CY2024 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
10764000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
-279696000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-192065000 usd
CY2024 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12719000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6088000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5190000 usd
CY2024 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
742000 usd
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
6992000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
4185000 usd
CY2024 us-gaap Share Based Compensation
ShareBasedCompensation
215761000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
216542000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
113441000 usd
CY2024 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
17214000 usd
CY2023 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
4558000 usd
CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-1765000 usd
CY2024 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-98000 usd
CY2023 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-249000 usd
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
164000 usd
CY2024 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4522000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
54517000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14156000 usd
CY2024 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3208000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
576000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
14578000 usd
CY2024 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-12883000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-22041000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
34481000 usd
CY2024 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-6218000 usd
CY2023 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
3193000 usd
CY2022 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
10394000 usd
CY2024 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
17332000 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
13641000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-3266000 usd
CY2024 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
8155000 usd
CY2023 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-10573000 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-5604000 usd
CY2024 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-8888000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1292000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-26085000 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-62362000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-115691000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-86462000 usd
CY2024 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25256000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
70518000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3791000 usd
CY2024 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
2750000 usd
CY2023 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
1000000 usd
CY2022 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
500000 usd
CY2024 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
827901000 usd
CY2023 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
745249000 usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
796487000 usd
CY2024 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
789292000 usd
CY2023 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
876713000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
1117793000 usd
CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-66615000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
59946000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
317015000 usd
CY2024 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
13220000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6940000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
CY2024 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
15000000 usd
CY2024 ai Payments Of Deferred Stock Issuance Costs
PaymentsOfDeferredStockIssuanceCosts
0 usd
CY2023 ai Payments Of Deferred Stock Issuance Costs
PaymentsOfDeferredStockIssuanceCosts
0 usd
CY2022 ai Payments Of Deferred Stock Issuance Costs
PaymentsOfDeferredStockIssuanceCosts
105000 usd
CY2024 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10763000 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11294000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
352519000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
284829000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
339528000 usd
CY2022Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
425000 usd
CY2024Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
12566000 usd
CY2023Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
12566000 usd
CY2022Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
12566000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
179712000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
297395000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
352519000 usd
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
975000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
578000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
939000 usd
CY2024 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
474000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
13814000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9261000 usd
CY2024 ai Right Of Use Asset Obtained In Exchange For Operating Lease Liability Including Remeasurement Of Right Of Use Asset And Operating Lease Liability From Changes In Timing Of Lease Incentive Receipt
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityIncludingRemeasurementOfRightOfUseAssetAndOperatingLeaseLiabilityFromChangesInTimingOfLeaseIncentiveReceipt
1833000 usd
CY2023 ai Right Of Use Asset Obtained In Exchange For Operating Lease Liability Including Remeasurement Of Right Of Use Asset And Operating Lease Liability From Changes In Timing Of Lease Incentive Receipt
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityIncludingRemeasurementOfRightOfUseAssetAndOperatingLeaseLiabilityFromChangesInTimingOfLeaseIncentiveReceipt
-5589000 usd
CY2022 ai Right Of Use Asset Obtained In Exchange For Operating Lease Liability Including Remeasurement Of Right Of Use Asset And Operating Lease Liability From Changes In Timing Of Lease Incentive Receipt
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityIncludingRemeasurementOfRightOfUseAssetAndOperatingLeaseLiabilityFromChangesInTimingOfLeaseIncentiveReceipt
26529000 usd
CY2024 ai Right Of Use Asset Obtained In Exchange For Operating Lease Liability Arising From Lease Modifications
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityArisingFromLeaseModifications
0 usd
CY2023 ai Right Of Use Asset Obtained In Exchange For Operating Lease Liability Arising From Lease Modifications
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityArisingFromLeaseModifications
3093000 usd
CY2022 ai Right Of Use Asset Obtained In Exchange For Operating Lease Liability Arising From Lease Modifications
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityArisingFromLeaseModifications
1572000 usd
CY2024 ai Intangible Asset Purchases Incurred But Not Yet Paid
IntangibleAssetPurchasesIncurredButNotYetPaid
0 usd
CY2023 ai Intangible Asset Purchases Incurred But Not Yet Paid
IntangibleAssetPurchasesIncurredButNotYetPaid
1500000 usd
CY2022 ai Intangible Asset Purchases Incurred But Not Yet Paid
IntangibleAssetPurchasesIncurredButNotYetPaid
2500000 usd
CY2024 ai Stock Options Exercised Proceeds Not Yet Received
StockOptionsExercisedProceedsNotYetReceived
3000 usd
CY2023 ai Stock Options Exercised Proceeds Not Yet Received
StockOptionsExercisedProceedsNotYetReceived
61000 usd
CY2022 ai Stock Options Exercised Proceeds Not Yet Received
StockOptionsExercisedProceedsNotYetReceived
29000 usd
CY2024 ai Share Based Payment Arrangement Vesting Of Early Exercised Stock Options
ShareBasedPaymentArrangementVestingOfEarlyExercisedStockOptions
507000 usd
CY2023 ai Share Based Payment Arrangement Vesting Of Early Exercised Stock Options
ShareBasedPaymentArrangementVestingOfEarlyExercisedStockOptions
1006000 usd
CY2022 ai Share Based Payment Arrangement Vesting Of Early Exercised Stock Options
ShareBasedPaymentArrangementVestingOfEarlyExercisedStockOptions
2746000 usd
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the accompanying consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenue and expenses. Actual results and outcomes could differ significantly from the Company’s estimates, judgments, and assumptions. Significant estimates include, but are not limited to, determining standalone selling price for performance obligations in contracts with customers and estimating variable consideration, the estimated expected benefit period for deferred contract acquisition costs, the useful lives of long-lived assets, the incremental borrowing rate for operating leases, other assumptions used to measure stock-based compensation, and the valuation of deferred income tax assets and uncertain tax positions. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Changes in those estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods. As future events and their effects cannot be determined with precision, actual results could materially differ from those estimates and assumptions.</span></div>
CY2024 us-gaap Fiscal Period
FiscalPeriod
<div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal Year</span></div>The Company’s fiscal year ends on April 30.
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
0 usd
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
0 usd
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-bottom:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Risk</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentration of credit risk consist of cash and cash equivalents, marketable securities and accounts receivable. The majority of the Company’s cash and cash equivalents are held by one financial institution. The Company is exposed to that financial institution to the extent that its cash balance with that financial institution is in excess of Federal Deposit Insurance Company (“FDIC”) insurance limits. The Company’s investment policy is to invest in securities with a minimum rating of P-2 by Moody’s, A-2 by Standard &amp; Poor’s, F2 by Fitch’s or higher for short-term investments, and minimum rating of BBB by Moody’s, Standard &amp; Poor’s, Fitch’s or higher for long-term investments. For accounts receivable, the Company is exposed to credit risk in the event of nonpayment by customers up to the amounts recorded on the consolidated balance sheets. The Company manages its accounts receivable credit risk through ongoing credit evaluation of its customers financial conditions. The Company generally does not require collateral from its customers. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 2. Revenue</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> for information regarding the Company’s significant customers</span></div>
CY2024Q2 us-gaap Restricted Cash
RestrictedCash
12600000 usd
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
12600000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
400000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
400000 usd
CY2024Q2 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
62300000 usd
CY2023Q2 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
77600000 usd
CY2024 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
0 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
630000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
272759000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
556000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
145241000 usd
CY2024 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2024 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
4300000 usd
CY2023Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
3000000 usd
CY2024 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1300000 usd
CY2023 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1100000 usd
CY2022 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
700000 usd
CY2024 ai Pilot Phase Number Of Applications
PilotPhaseNumberOfApplications
1 application
CY2024 ai Pilot Phase Term
PilotPhaseTerm
P6M
CY2024Q2 us-gaap Capitalized Contract Cost Amortization Period
CapitalizedContractCostAmortizationPeriod
P5Y
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
57000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
33435000 usd
CY2024 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Warranties</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s offerings are warranted to perform in a manner consistent with industry standards.</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s arrangements generally include provisions for indemnifying customers against liabilities if its services infringe on a third party’s intellectual property rights. They also generally include service-level agreements warranting defined levels of uptime reliability and performance.</span></div>The Company does not consider such assurance-type warranties as performance obligations under ASC 606. To date, the Company has not incurred material costs as a result of its warranties and indemnifications.
CY2024Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
0 usd
CY2024 us-gaap Advertising Expense
AdvertisingExpense
15800000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
6900000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
51900000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
612000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
178676000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
219 investment
CY2024 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
310582000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
266795000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
252759000 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
39000000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
47900000 usd
CY2024 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
47800000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
48900000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
244300000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
163800000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2024 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
7200000 usd
CY2023 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
5900000 usd
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
5100000 usd
CY2024Q2 ai Cash Cash Equivalents And Available For Sale Debt Securities Amortized Cost
CashCashEquivalentsAndAvailableForSaleDebtSecuritiesAmortizedCost
691002000 usd
CY2024Q2 ai Cash Cash Equivalents And Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
CashCashEquivalentsAndAvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
69000 usd
CY2024Q2 ai Cash Cash Equivalents And Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
CashCashEquivalentsAndAvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
630000 usd
CY2024Q2 ai Cash Cash Equivalents And Available For Sale Debt Securities
CashCashEquivalentsAndAvailableForSaleDebtSecurities
690441000 usd
CY2023Q2 ai Cash Cash Equivalents And Available For Sale Debt Securities Amortized Cost
CashCashEquivalentsAndAvailableForSaleDebtSecuritiesAmortizedCost
718102000 usd
CY2023Q2 ai Cash Cash Equivalents And Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
CashCashEquivalentsAndAvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
227000 usd
CY2023Q2 ai Cash Cash Equivalents And Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
CashCashEquivalentsAndAvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
612000 usd
CY2023Q2 ai Cash Cash Equivalents And Available For Sale Debt Securities
CashCashEquivalentsAndAvailableForSaleDebtSecurities
717717000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
590000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
237352000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
40000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
35407000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
119 investment
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
103404000 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
88906000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
14773000 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4328000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
88631000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
84578000 usd
CY2024 us-gaap Depreciation
Depreciation
11500000 usd
CY2023 us-gaap Depreciation
Depreciation
5000000.0 usd
CY2022 us-gaap Depreciation
Depreciation
4400000 usd
CY2024Q2 ai Accrued Stock Settled Bonus Current
AccruedStockSettledBonusCurrent
31194000 usd
CY2023Q2 ai Accrued Stock Settled Bonus Current
AccruedStockSettledBonusCurrent
32414000 usd
CY2024Q2 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
336000 usd
CY2023Q2 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
186000 usd
CY2024Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
4317000 usd
CY2023Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
4602000 usd
CY2024Q2 ai Accrued Payroll Taxes And Employee Benefits Current
AccruedPayrollTaxesAndEmployeeBenefitsCurrent
3636000 usd
CY2023Q2 ai Accrued Payroll Taxes And Employee Benefits Current
AccruedPayrollTaxesAndEmployeeBenefitsCurrent
3975000 usd
CY2024Q2 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
2826000 usd
CY2023Q2 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
2889000 usd
CY2024Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
225000 usd
CY2023Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
206000 usd
CY2024Q2 ai Employee Related Liabilities Employee Stock Purchase Plan Contributions Current
EmployeeRelatedLiabilitiesEmployeeStockPurchasePlanContributionsCurrent
1409000 usd
CY2023Q2 ai Employee Related Liabilities Employee Stock Purchase Plan Contributions Current
EmployeeRelatedLiabilitiesEmployeeStockPurchasePlanContributionsCurrent
1339000 usd
CY2024Q2 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
320000 usd
CY2023Q2 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
902000 usd
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
44263000 usd
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
46513000 usd
CY2022 ai Right Of Use Asset Obtained In Exchange For Operating Lease Liability Including Remeasurement Of Right Of Use Asset And Operating Lease Liability From Changes In Timing Of Lease Incentive Receipt
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityIncludingRemeasurementOfRightOfUseAssetAndOperatingLeaseLiabilityFromChangesInTimingOfLeaseIncentiveReceipt
26529000 usd
CY2024 ai Right Of Use Asset Obtained In Exchange For Operating Lease Liability Arising From Lease Modifications
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityArisingFromLeaseModifications
0 usd
CY2023 ai Right Of Use Asset Obtained In Exchange For Operating Lease Liability Arising From Lease Modifications
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityArisingFromLeaseModifications
3093000 usd
CY2022 ai Right Of Use Asset Obtained In Exchange For Operating Lease Liability Arising From Lease Modifications
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityArisingFromLeaseModifications
1572000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
18664000 usd
CY2024Q2 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
266000 usd
CY2023Q2 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
799000 usd
CY2024Q2 ai Accrued General Expenses Current
AccruedGeneralExpensesCurrent
2783000 usd
CY2023Q2 ai Accrued General Expenses Current
AccruedGeneralExpensesCurrent
5541000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3226000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2339000 usd
CY2024Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2082000 usd
CY2023Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2889000 usd
CY2024Q2 ai Commissions Payable Current
CommissionsPayableCurrent
0 usd
CY2023Q2 ai Commissions Payable Current
CommissionsPayableCurrent
2448000 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1169000 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3054000 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
9526000 usd
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
17070000 usd
CY2021Q3 ai Lessee Operating Lease Area Under Lease
LesseeOperatingLeaseAreaUnderLease
283015 sqft
CY2021Q3 ai Lessee Operating Lease Number Of Phases
LesseeOperatingLeaseNumberOfPhases
2 phase
CY2023Q3 ai Increase Decrease In Operating Lease Liability Noncurrent
IncreaseDecreaseInOperatingLeaseLiabilityNoncurrent
-1600000 usd
CY2023Q3 ai Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-1600000 usd
CY2024Q1 ai Lessee Operating Lease Number Of Phases
LesseeOperatingLeaseNumberOfPhases
6 phase
CY2024Q1 ai Increase Decrease In Operating Lease Liability Noncurrent
IncreaseDecreaseInOperatingLeaseLiabilityNoncurrent
-1700000 usd
CY2024Q1 ai Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
-1700000 usd
CY2024Q2 ai Lessee Operating Lease Number Of Phases
LesseeOperatingLeaseNumberOfPhases
7 phase
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
4995000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
8359000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
5587000 usd
CY2024 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1537000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1624000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1538000 usd
CY2024 us-gaap Variable Lease Cost
VariableLeaseCost
3959000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
3494000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
1892000 usd
CY2024 us-gaap Sublease Income
SubleaseIncome
105000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
26000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
0 usd
CY2024 us-gaap Lease Cost
LeaseCost
10387000 usd
CY2023 us-gaap Lease Cost
LeaseCost
13451000 usd
CY2022 us-gaap Lease Cost
LeaseCost
9017000 usd
CY2023Q1 ai Lessor Operating Lease Area Under Lease
LessorOperatingLeaseAreaUnderLease
3130 sqft
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
6136000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
5250000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
4667000 usd
CY2024 ai Right Of Use Asset Obtained In Exchange For Operating Lease Liability Including Remeasurement Of Right Of Use Asset And Operating Lease Liability From Changes In Timing Of Lease Incentive Receipt
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityIncludingRemeasurementOfRightOfUseAssetAndOperatingLeaseLiabilityFromChangesInTimingOfLeaseIncentiveReceipt
1833000 usd
CY2023 ai Right Of Use Asset Obtained In Exchange For Operating Lease Liability Including Remeasurement Of Right Of Use Asset And Operating Lease Liability From Changes In Timing Of Lease Incentive Receipt
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityIncludingRemeasurementOfRightOfUseAssetAndOperatingLeaseLiabilityFromChangesInTimingOfLeaseIncentiveReceipt
-5589000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
17572000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3226000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2339000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
55599000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
37320000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
58825000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
39659000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y10M24D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y10M24D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.080
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.081
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8174000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9337000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9626000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9922000 usd
CY2024Q2 ai Lessee Operating Lease Liability To Be Paid Year Five And After Year Five
LesseeOperatingLeaseLiabilityToBePaidYearFiveAndAfterYearFive
53218000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
90277000 usd
CY2024Q2 ai Lessee Operating Lease Liability Tenant Improvement Allowance
LesseeOperatingLeaseLiabilityTenantImprovementAllowance
3427000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
28025000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
58825000 usd
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2024Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024 ai Common Stock Automatic Conversion Period One If Circumstances Met
CommonStockAutomaticConversionPeriodOneIfCircumstancesMet
P6M
CY2024 ai Common Stock Automatic Conversion Period Two If Circumstances Met
CommonStockAutomaticConversionPeriodTwoIfCircumstancesMet
P6M
CY2022 ai Proceeds From Share Based Payment Arrangement Vesting Of Early Exercised Stock Options
ProceedsFromShareBasedPaymentArrangementVestingOfEarlyExercisedStockOptions
0 usd
CY2023 ai Proceeds From Share Based Payment Arrangement Vesting Of Early Exercised Stock Options
ProceedsFromShareBasedPaymentArrangementVestingOfEarlyExercisedStockOptions
0 usd
CY2024 ai Proceeds From Share Based Payment Arrangement Vesting Of Early Exercised Stock Options
ProceedsFromShareBasedPaymentArrangementVestingOfEarlyExercisedStockOptions
0 usd
CY2024Q2 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
300000 usd
CY2023Q2 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
800000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
36338000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.44
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y4M2D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
165436000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
571000 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
15.30
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1332000 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
20.60
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
881000 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
15.36
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
34696000 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.75
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y5M12D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
175907000 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
829000 shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
30.11
CY2024 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3033000 shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
33.84
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1164000 shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
13.58
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
31328000 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.97
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y8M4D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
268167000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
23991000 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
10.66
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y3M7D
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
284778000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
31371000 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
13.97
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y8M4D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
268537000 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
16.70
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.88
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
19.15
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
89700000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
24400000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
187300000 usd
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
34700000 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
49900000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
35300000 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.632
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.463
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.441
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y1M6D
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y6M
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y4M24D
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.041
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.039
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.011
CY2024 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-158000 usd
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-75000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
770000 usd
CY2024 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
3087000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2489000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
1109000 usd
CY2024 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
215761000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
216542000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
113441000 usd
CY2024Q2 ai Accrued Stock Settled Bonus Current
AccruedStockSettledBonusCurrent
31200000 usd
CY2023Q2 ai Accrued Stock Settled Bonus Current
AccruedStockSettledBonusCurrent
32400000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-282036000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-270280000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-189891000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
3132000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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