2024 Q1 Form 10-K Financial Statement

#000095017024015277 Filed on February 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $617.4M $581.9M $2.170B
YoY Change 23.08% 23.9% 25.38%
Cost Of Revenue $95.09M $88.64M $345.5M
YoY Change 15.9% 10.43% 9.94%
Gross Profit $522.3M $493.3M $1.825B
YoY Change 24.49% 26.68% 28.8%
Gross Profit Margin 84.6% 84.77% 84.08%
Selling, General & Admin $369.1M $350.8M $1.318B
YoY Change 19.82% 22.44% 21.63%
% of Gross Profit 70.67% 71.13% 72.24%
Research & Development $175.6M $163.2M $617.7M
YoY Change 37.56% 40.31% 39.75%
% of Gross Profit 33.63% 33.09% 33.85%
Depreciation & Amortization $21.23M $19.17M $72.67M
YoY Change 28.15% 23.5% 24.98%
% of Gross Profit 4.07% 3.89% 3.98%
Operating Expenses $545.6M $514.1M $2.033B
YoY Change 17.49% 27.6% 33.23%
Operating Profit -$23.23M -$20.80M -$208.1M
YoY Change -48.1% 54.26% 90.7%
Interest Expense $935.0K $17.65M $3.801M
YoY Change 0.54% 158.1% 1.04%
% of Operating Profit
Other Income/Expense, Net $30.95M -$2.545M $50.35M
YoY Change 253.83% -59.25% 1042.07%
Pretax Income $7.720M -$9.244M -$157.7M
YoY Change -121.43% -28.3% 50.63%
Income Tax $1.786M $4.360M $18.59M
% Of Pretax Income 23.13%
Net Earnings $5.934M -$13.60M -$176.3M
YoY Change -115.5% -13.0% 56.36%
Net Earnings / Revenue 0.96% -2.34% -8.12%
Basic Earnings Per Share $0.12 -$3.53
Diluted Earnings Per Share $0.12 -$0.27 -$3.53
COMMON SHARES
Basic Shares Outstanding 50.67M 50.33M 49.88M
Diluted Shares Outstanding 51.50M 49.88M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.519B $1.388B $1.388B
YoY Change 2.29% -1.73% -1.73%
Cash & Equivalents $447.8M $388.0M $388.0M
Short-Term Investments $1.071B $1.000B $1.000B
Other Short-Term Assets $199.7M $188.0M $188.0M
YoY Change 42.82% 63.39% 63.39%
Inventory
Prepaid Expenses
Receivables $266.9M $295.3M $295.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.985B $1.872B $1.872B
YoY Change 8.96% 6.66% 6.66%
LONG-TERM ASSETS
Property, Plant & Equipment $103.4M $103.3M $354.4M
YoY Change -3.45% -1.8% -16.52%
Goodwill $173.7M $173.8M
YoY Change 273.85% 275.89%
Intangibles
YoY Change
Long-Term Investments $311.5M $325.7M $325.7M
YoY Change 155.74% 188.77% 188.77%
Other Assets $88.06M $75.25M $197.4M
YoY Change 33.13% 27.98% 57.51%
Total Long-Term Assets $1.208B $1.200B $1.200B
YoY Change 46.99% 51.85% 51.85%
TOTAL ASSETS
Total Short-Term Assets $1.985B $1.872B $1.872B
Total Long-Term Assets $1.208B $1.200B $1.200B
Total Assets $3.193B $3.071B $3.071B
YoY Change 20.78% 20.7% 20.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.928M $9.106M $9.106M
YoY Change 168.02% -56.4% -56.4%
Accrued Expenses $254.8M $270.5M $270.5M
YoY Change 9.8% 36.68% 36.68%
Deferred Revenue $696.9M $672.2M
YoY Change 21.88% 24.5%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $959.6M $956.2M $956.2M
YoY Change 18.41% 25.55% 25.55%
LONG-TERM LIABILITIES
Long-Term Debt $456.7M $456.2M $456.2M
YoY Change 0.44% 0.44% 0.44%
Other Long-Term Liabilities $38.24M $36.46M $338.8M
YoY Change 115.3% 150.65% 0.65%
Total Long-Term Liabilities $38.24M $36.46M $795.0M
YoY Change 115.3% 150.65% 0.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $959.6M $956.2M $956.2M
Total Long-Term Liabilities $38.24M $36.46M $795.0M
Total Liabilities $1.744B $1.751B $1.751B
YoY Change 9.18% 12.8% 12.8%
SHAREHOLDERS EQUITY
Retained Earnings -$798.5M -$818.7M
YoY Change 17.31% 27.44%
Common Stock $2.251B $2.137B
YoY Change 29.73% 29.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.449B $1.320B $1.320B
YoY Change
Total Liabilities & Shareholders Equity $3.193B $3.071B $3.071B
YoY Change 20.78% 20.7% 20.7%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $5.934M -$13.60M -$176.3M
YoY Change -115.5% -13.0% 56.36%
Depreciation, Depletion And Amortization $21.23M $19.17M $72.67M
YoY Change 28.15% 23.5% 24.98%
Cash From Operating Activities $127.1M $104.3M $351.0M
YoY Change 56.76% 15.9% 28.48%
INVESTING ACTIVITIES
Capital Expenditures $5.882M $25.95M $33.72M
YoY Change 77.7% 36.33% -9.91%
Acquisitions $142.1M
YoY Change
Other Investing Activities -$46.62M -$240.5M -$234.5M
YoY Change -41.93% 168.73% 2.91%
Cash From Investing Activities -$74.13M -$266.5M -$334.8M
YoY Change -24.9% 145.51% 4.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $13.00K
YoY Change -99.2%
Cash From Financing Activities 11.16M 6.611M 37.01M
YoY Change 10.93% -23.19% 398.26%
NET CHANGE
Cash From Operating Activities 127.1M 104.3M 351.0M
Cash From Investing Activities -74.13M -266.5M -334.8M
Cash From Financing Activities 11.16M 6.611M 37.01M
Net Change In Cash 59.81M -155.6M 57.87M
YoY Change -1120.06% 1461.3% -226.16%
FREE CASH FLOW
Cash From Operating Activities $127.1M $104.3M $351.0M
Capital Expenditures $5.882M $25.95M $33.72M
Free Cash Flow $121.2M $78.32M $317.3M
YoY Change 55.87% 10.42% 34.57%

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CY2023 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
10697000
CY2022 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-9013000
CY2021 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
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CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2021 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
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CY2021 hubs Convertible Debt Hedges Settlement
ConvertibleDebtHedgesSettlement
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CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
169727000
CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
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CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
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CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
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CY2022 hubs Stock Issued During Period Value Restricted Stock Units Taxes Paid In Cash
StockIssuedDuringPeriodValueRestrictedStockUnitsTaxesPaidInCash
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
284749000
CY2022 hubs Convertible Debt Hedges Settlement
ConvertibleDebtHedgesSettlement
60483000
CY2022 hubs Other Comprehensive Income Cumulative Adjustment From Adoption Of Convertible Debt Standard During Period Net Of Tax
OtherComprehensiveIncomeCumulativeAdjustmentFromAdoptionOfConvertibleDebtStandardDuringPeriodNetOfTax
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CY2022 hubs Settlement Of Warrants Amount
SettlementOfWarrantsAmount
1000
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-2538000
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-9013000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
992224000
CY2023 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
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CY2023 hubs Stock Issued During Period Value Restricted Stock Units Taxes Paid In Cash
StockIssuedDuringPeriodValueRestrictedStockUnitsTaxesPaidInCash
-10756000
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
454098000
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
4020000
CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0
CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
10697000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-176295000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
1320109000
CY2023 us-gaap Profit Loss
ProfitLoss
-176295000
CY2022 us-gaap Profit Loss
ProfitLoss
-112749000
CY2021 us-gaap Profit Loss
ProfitLoss
-77837000
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
72673000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
58150000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
45159000
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
432271000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
275849000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
166761000
CY2023 us-gaap Restructuring Costs
RestructuringCosts
67263000
CY2022 us-gaap Restructuring Costs
RestructuringCosts
0
CY2021 us-gaap Restructuring Costs
RestructuringCosts
0
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2023 hubs Repayment Of Convertible Senior Notes Attributable To Debt Discount
RepaymentOfConvertibleSeniorNotesAttributableToDebtDiscount
0
CY2022 hubs Repayment Of Convertible Senior Notes Attributable To Debt Discount
RepaymentOfConvertibleSeniorNotesAttributableToDebtDiscount
0
CY2021 hubs Repayment Of Convertible Senior Notes Attributable To Debt Discount
RepaymentOfConvertibleSeniorNotesAttributableToDebtDiscount
26428000
CY2023 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
0
CY2022 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
0
CY2021 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
4276000
CY2023 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
0
CY2022 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
0
CY2021 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
-6468000
CY2023 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
0
CY2022 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
4201000
CY2021 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
11741000
CY2023 hubs Impairment Of Strategic Investments
ImpairmentOfStrategicInvestments
1704000
CY2022 hubs Impairment Of Strategic Investments
ImpairmentOfStrategicInvestments
5863000
CY2021 hubs Impairment Of Strategic Investments
ImpairmentOfStrategicInvestments
0
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5208000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2122000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2869000
CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1986000
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2013000
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
23507000
CY2023 hubs Accretion Amortization Of Debt Discount Premium
AccretionAmortizationOfDebtDiscountPremium
42907000
CY2022 hubs Accretion Amortization Of Debt Discount Premium
AccretionAmortizationOfDebtDiscountPremium
9118000
CY2021 hubs Accretion Amortization Of Debt Discount Premium
AccretionAmortizationOfDebtDiscountPremium
-4275000
CY2023 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
341000
CY2022 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-1010000
CY2021 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-1304000
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
57618000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
73985000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
34107000
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
47048000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5987000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1077000
CY2023 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-81178000
CY2022 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-37583000
CY2021 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-32560000
CY2023 hubs Increase Decrease In Right Of Use Assets
IncreaseDecreaseInRightOfUseAssets
29173000
CY2022 hubs Increase Decrease In Right Of Use Assets
IncreaseDecreaseInRightOfUseAssets
29531000
CY2021 hubs Increase Decrease In Right Of Use Assets
IncreaseDecreaseInRightOfUseAssets
31418000
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-14031000
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
18277000
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-10608000
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
87074000
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
32375000
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
58209000
CY2023 hubs Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
36889000
CY2022 hubs Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
21118000
CY2021 hubs Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
29478000
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
109926000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
116969000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
127716000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
350971000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
273174000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
238728000
CY2023 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1580504000
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1507870000
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1484762000
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1502534000
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1184506000
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1387498000
CY2023 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2022 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
124998000
CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
33718000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37426000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
28726000
CY2023 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
66372000
CY2022 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
44345000
CY2021 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
33139000
CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
164000
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
10000000
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
142129000
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
16810000
CY2023 hubs Proceeds From Sale Of Strategic Investments
ProceedsFromSaleOfStrategicInvestments
0
CY2022 hubs Proceeds From Sale Of Strategic Investments
ProceedsFromSaleOfStrategicInvestments
0
CY2021 hubs Proceeds From Sale Of Strategic Investments
ProceedsFromSaleOfStrategicInvestments
12620000
CY2023 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2025000
CY2022 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
3150000
CY2021 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
3100000
CY2023 hubs Payment For Purchase Of Strategic Investments
PaymentForPurchaseOfStrategicInvestments
12388000
CY2022 hubs Payment For Purchase Of Strategic Investments
PaymentForPurchaseOfStrategicInvestments
26371000
CY2021 hubs Payment For Purchase Of Strategic Investments
PaymentForPurchaseOfStrategicInvestments
13089000
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-334766000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-319658000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-179508000
CY2023 hubs Proceeds From Settlement Of Convertible Notes
ProceedsFromSettlementOfConvertibleNotes
0
CY2022 hubs Proceeds From Settlement Of Convertible Notes
ProceedsFromSettlementOfConvertibleNotes
60483000
CY2021 hubs Proceeds From Settlement Of Convertible Notes
ProceedsFromSettlementOfConvertibleNotes
8985000
CY2023 us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
0
CY2022 us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
34000
CY2021 us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
0
CY2023 hubs Payment For Settlement Of2022 Convertible Notes
PaymentForSettlementOf2022ConvertibleNotes
0
CY2022 hubs Payment For Settlement Of2022 Convertible Notes
PaymentForSettlementOf2022ConvertibleNotes
79807000
CY2021 hubs Payment For Settlement Of2022 Convertible Notes
PaymentForSettlementOf2022ConvertibleNotes
89525000
CY2023 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
13000
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1619000
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
10714000
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
11526000
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
17439000
CY2023 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
47738000
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
39931000
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
46510000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
37011000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7428000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-51469000
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4649000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-6811000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-8861000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
57865000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-45867000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1110000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
334175000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
380042000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
381152000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
392040000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
334175000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
380042000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
1722000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
1746000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
1843000
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
12911000
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
4685000
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
6970000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7059000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
74985000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
92131000
CY2023 hubs Right Of Use Asset Reductions Related To Operating Lease Terminations
RightOfUseAssetReductionsRelatedToOperatingLeaseTerminations
-7382000
CY2022 hubs Right Of Use Asset Reductions Related To Operating Lease Terminations
RightOfUseAssetReductionsRelatedToOperatingLeaseTerminations
0
CY2021 hubs Right Of Use Asset Reductions Related To Operating Lease Terminations
RightOfUseAssetReductionsRelatedToOperatingLeaseTerminations
-46587000
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1068000
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
247000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
470000
CY2023 hubs Asset Retirement Obligations Through Noncash Payments Proceeds Amount
AssetRetirementObligationsThroughNoncashPaymentsProceedsAmount
-199000
CY2022 hubs Asset Retirement Obligations Through Noncash Payments Proceeds Amount
AssetRetirementObligationsThroughNoncashPaymentsProceedsAmount
1113000
CY2021 hubs Asset Retirement Obligations Through Noncash Payments Proceeds Amount
AssetRetirementObligationsThroughNoncashPaymentsProceedsAmount
71000
CY2023 hubs Issuance Of Common Stock For Repayment Of Convertible Notes
IssuanceOfCommonStockForRepaymentOfConvertibleNotes
0
CY2022 hubs Issuance Of Common Stock For Repayment Of Convertible Notes
IssuanceOfCommonStockForRepaymentOfConvertibleNotes
0
CY2021 hubs Issuance Of Common Stock For Repayment Of Convertible Notes
IssuanceOfCommonStockForRepaymentOfConvertibleNotes
493172000
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Use of Estimates</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> —The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></p>
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-176295000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-112749000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-77837000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49877000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48065000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46891000
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49877000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48065000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46891000
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.53
CY2023 us-gaap Earnings Per Share Diluted
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CY2022 us-gaap Earnings Per Share Basic
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CY2022 us-gaap Earnings Per Share Diluted
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CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021 us-gaap Earnings Per Share Diluted
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CY2023 hubs Average Stock Price
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459.62
CY2022 hubs Average Stock Price
AverageStockPrice
362.01
CY2021 hubs Average Stock Price
AverageStockPrice
592.48
CY2023 hubs Cash And Cash Equivalents Maturity Description
CashAndCashEquivalentsMaturityDescription
three months or less at the date of purchase, consisting primarily of money-market funds.
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2023 us-gaap Provision For Doubtful Accounts
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CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2022 us-gaap Provision For Doubtful Accounts
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CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2021 us-gaap Provision For Doubtful Accounts
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CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Restricted Cash
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
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0
CY2023 us-gaap Number Of Reporting Units
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CY2023Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2023 us-gaap Advertising Expense
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CY2022 us-gaap Advertising Expense
AdvertisingExpense
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CY2021 us-gaap Advertising Expense
AdvertisingExpense
37300000
CY2022 hubs Revenue Subscription Contract Period
RevenueSubscriptionContractPeriod
one year or less
CY2023 us-gaap Concentration Risk Credit Risk
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<p style="text-indent:4.533%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:10pt;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Concentrations of Credit Risk and Significant Customers</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> —Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash, investments and accounts receivable.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:10pt;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company's cash and cash equivalents are generally held with large financial institutions. Although the Company's deposits may exceed federally insured limits, the financial institutions that the Company uses have high investment-grade credit ratings and, as a result, the Company believes that, as of December 31, 2023, its risk relating to deposits exceeding federally insured limits was not significant.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:10pt;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company’s investments consist of highly rated corporate debt securities and U.S. Treasury securities. The Company limits the amount of investments in any single issuer, except U.S. Treasuries. The Company believes that, as of December 31, 2023, its concentration of credit risk related to investments was not significant.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:10pt;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company has </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">no</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> significant off-balance sheet risk such as foreign exchange contracts, option contracts, or other hedging arrangements.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:10pt;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company generally does not require collateral from its customers and generally requires payment </span><span style="font-size:10pt;font-family:Times New Roman;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">30 days</span></span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> from the invoice date. The Company maintains an allowance for credit losses based on its assessment of the collectability of accounts receivable. Credit risk arising from accounts receivable is mitigated as a result of transacting with a large number of geographically dispersed customers spread across various industries.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:10pt;font-family:Times New Roman;margin-bottom:10pt;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">At December 31, 2023 and 2022</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">, there were </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">no</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> customers that represented more than 10% of the net accounts receivable balance. There were </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">no</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> customers that individually exceeded 10% of the Company’s revenue in any of the periods presented.</span></p>
CY2023Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Asset
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0
CY2023 hubs Accounts Receivable Payment Period
AccountsReceivablePaymentPeriod
P30D
CY2023Q4 us-gaap Capitalized Computer Software Gross
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257052000
CY2022Q4 us-gaap Capitalized Computer Software Gross
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CY2022Q4 us-gaap Capitalized Computer Software Net
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CY2021 us-gaap Capitalized Computer Software Amortization1
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CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2023Q4 us-gaap Operating Lease Liability
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CY2021 us-gaap Sublease Income
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20003000
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CY2023Q4 us-gaap Assets Fair Value Disclosure
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CY2022Q4 us-gaap Assets Fair Value Disclosure
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2021Q4 us-gaap Asset Retirement Obligations Noncurrent
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CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2022Q4 us-gaap Finite Lived Intangible Assets Net
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CY2022Q2 hubs Purchase Of Rights To Domain Name
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10000000
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2021Q4 us-gaap Goodwill
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CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2022Q4 us-gaap Goodwill
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CY2022Q1 hubs Increase Decrease In Convertible Notes Payable
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CY2022Q1 hubs Increase Decrease In Convertible Long Term Notes Payable
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CY2022Q1 hubs Increase Decrease In Additional Paid In Capital
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CY2022Q4 hubs Right Of Use Asset And Property Plant And Equipment Net
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CY2023 hubs Increase In Future Lease Commitments
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CY2023 hubs Lessee Operating Lease Commitments Not Yet Commenced
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2022Q4 us-gaap Common Stock Shares Authorized
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CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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CY2023 us-gaap Allocated Share Based Compensation Expense
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CY2022 us-gaap Allocated Share Based Compensation Expense
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CY2021 us-gaap Allocated Share Based Compensation Expense
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DeferredIncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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IncomeTaxExpenseBenefit
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
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CY2023Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
688000
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
392000
CY2023Q4 hubs Deferred Tax Assets Capitalized Software Development
DeferredTaxAssetsCapitalizedSoftwareDevelopment
177792000
CY2022Q4 hubs Deferred Tax Assets Capitalized Software Development
DeferredTaxAssetsCapitalizedSoftwareDevelopment
80424000
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
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DeferredTaxAssetsGross
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CY2023Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
8185000
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1857000
CY2023Q4 hubs Deferred Tax Liabilities Convertible Debt
DeferredTaxLiabilitiesConvertibleDebt
52000
CY2022Q4 hubs Deferred Tax Liabilities Convertible Debt
DeferredTaxLiabilitiesConvertibleDebt
44000
CY2023Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Patent Costs
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35799000
CY2022Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Patent Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedPatentCosts
19879000
CY2023Q4 hubs Deferred Tax Liabilities Depreciation
DeferredTaxLiabilitiesDepreciation
2608000
CY2022Q4 hubs Deferred Tax Liabilities Depreciation
DeferredTaxLiabilitiesDepreciation
258000
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
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267000
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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5584000
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127500000
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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62400000
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
119300000
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Explanation Of Change
ValuationAllowanceDeferredTaxAssetExplanationOfChange
The Company does not expect any significant changes in its valuation allowance positions within the next 12 months.
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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861400000
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
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8600000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
8500000
CY2023 hubs Minimum Tax Benefit Likely Of Being Realized Upon Ultimate Settlement With Tax Authority Percentage
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0.50
CY2022Q4 us-gaap Unrecognized Tax Benefits
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16888000
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UnrecognizedTaxBenefits
12823000
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UnrecognizedTaxBenefits
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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8071000
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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4065000
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
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1381000
CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
5871000
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
20469000
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
16888000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12823000
CY2023Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0
CY2023 us-gaap Income Tax Examination Penalties And Interest Expense
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0
CY2023 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Estimated Range Not Possible
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The Company does not expect any significant change in its unrecognized tax benefits within the next 12 months.
CY2023 us-gaap Defined Contribution Plan Cost Recognized
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11000000
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
10600000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
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8200000
CY2023Q1 hubs Employee Reduction Percentage
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0.07
CY2023 us-gaap Restructuring Charges
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96800000
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0
CY2023 ecd Rule10b51 Arr Adopted Flag
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true

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