2021 Q4 Form 20-F Financial Statement

#000095017024020632 Filed on February 27, 2024

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $752.7M $752.7M $258.7M
YoY Change 190.95% -1.96% 15.49%
Cost Of Revenue $480.8M $75.44M $158.0M
YoY Change 204.28% -83.62% 19.16%
Gross Profit $271.9M $42.67M $100.7M
YoY Change 170.04% -86.1% 10.18%
Gross Profit Margin 36.13% 5.67% 38.93%
Selling, General & Admin $685.5M $107.6M $126.3M
YoY Change 442.79% -73.86% 44.18%
% of Gross Profit 252.1% 252.1% 125.42%
Research & Development $297.4M $297.4M $52.30M
YoY Change 468.57% 72.98% 5.87%
% of Gross Profit 109.35% 696.85% 51.94%
Depreciation & Amortization $1.648M $2.110M
YoY Change -80.84% -1.4%
% of Gross Profit 3.86% 2.1%
Operating Expenses $1.034B $185.7M $180.4M
YoY Change 473.31% -68.54% 29.97%
Operating Profit -$762.3M -$143.0M -$79.70M
YoY Change 856.49% -49.51% 68.14%
Interest Expense $50.93M $57.00K $1.200M
YoY Change 4144.42% -100.71% -117.91%
% of Operating Profit
Other Income/Expense, Net -$29.01M -$29.01M -$218.5M
YoY Change -86.72% -86.9% -54725.0%
Pretax Income -$893.3M -$893.3M -$297.0M
YoY Change 200.79% 79.31% 453.07%
Income Tax $11.12M $11.12M -$900.0K
% Of Pretax Income
Net Earnings -$5.783B -$903.9M -$295.9M
YoY Change 1854.21% 83.64% 475.68%
Net Earnings / Revenue -768.25% -120.08% -114.38%
Basic Earnings Per Share -$19.62
Diluted Earnings Per Share -$58.85 -$19.62 -$925.6K
COMMON SHARES
Basic Shares Outstanding 294.8M
Diluted Shares Outstanding 294.8M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.394B $2.394B $456.9M
YoY Change 423.87% 423.87%
Cash & Equivalents $656.2M $299.1M
Short-Term Investments $1.737B $1.737B $160.3M
Other Short-Term Assets $106.6M $106.6M $127.2M
YoY Change -16.19% -16.19%
Inventory
Prepaid Expenses
Receivables $158.7M $180.1M $274.6M
Other Receivables $30.75M $20.30M
Total Short-Term Assets $425.4M $2.711B $879.0M
YoY Change -51.6% 208.43% 70.38%
LONG-TERM ASSETS
Property, Plant & Equipment $14.09M $14.09M $16.40M
YoY Change -14.06% -14.06% 80.38%
Goodwill $121.8M
YoY Change
Intangibles $7.595M $10.01M
YoY Change -24.1% -13.1%
Long-Term Investments $127.7M $127.7M $66.20M
YoY Change 92.97% 92.97%
Other Assets $491.0K $3.128M $4.900M
YoY Change -89.98% -36.16% 32.22%
Total Long-Term Assets $49.46M $315.2M $89.50M
YoY Change -44.74% 252.15% 50.32%
TOTAL ASSETS
Total Short-Term Assets $425.4M $2.711B $879.0M
Total Long-Term Assets $49.46M $315.2M $89.50M
Total Assets $474.9M $3.026B $968.5M
YoY Change -50.97% 212.47% 68.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.23M $148.0M $131.6M
YoY Change -82.35% 12.48% 9.4%
Accrued Expenses $86.44M $86.44M $57.50M
YoY Change 50.34% 50.34%
Deferred Revenue $285.9M $177.4M
YoY Change 61.2% 45.69%
Short-Term Debt $5.500M $5.500M $20.00M
YoY Change -72.5% -72.5% -25.48%
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $110.0M $700.7M $776.7M
YoY Change -85.84% -9.78% 130.31%
LONG-TERM LIABILITIES
Long-Term Debt $8.004M $8.004M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $523.0K $3.334M $19.50M
YoY Change -97.32% -82.9%
Total Long-Term Liabilities $3.173M $11.34M $19.50M
YoY Change -83.73% -41.86% -82.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $110.0M $700.7M $776.7M
Total Long-Term Liabilities $3.173M $11.34M $19.50M
Total Liabilities $113.1M $719.9M $798.5M
YoY Change -85.83% -9.84% 78.88%
SHAREHOLDERS EQUITY
Retained Earnings -$1.326B -$2.682B
YoY Change -50.57% 129.56%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $12.81M
YoY Change
Treasury Stock Shares
Shareholders Equity $361.9M $2.306B $169.9M
YoY Change
Total Liabilities & Shareholders Equity $474.9M $3.026B $968.5M
YoY Change -50.97% 212.47% 68.31%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$5.783B -$903.9M -$295.9M
YoY Change 1854.21% 83.64% 475.68%
Depreciation, Depletion And Amortization $1.648M $2.110M
YoY Change -80.84% -1.4%
Cash From Operating Activities -$37.36M -$55.93M
YoY Change -83.33% -29.03%
INVESTING ACTIVITIES
Capital Expenditures $1.160M -$830.0K
YoY Change -119.33% 27.69%
Acquisitions
YoY Change
Other Investing Activities -$1.806B -$157.0M
YoY Change 1913.26% 111.68%
Cash From Investing Activities -$284.7M -$157.8M
YoY Change 197.54% 110.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $598.7M
YoY Change 8452.29%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 383.6M 454.6M
YoY Change -16.16% 325.22%
NET CHANGE
Cash From Operating Activities -37.36M -55.93M
Cash From Investing Activities -284.7M -157.8M
Cash From Financing Activities 383.6M 454.6M
Net Change In Cash 55.84M 240.8M
YoY Change -59.47% -615.43%
FREE CASH FLOW
Cash From Operating Activities -$37.36M -$55.93M
Capital Expenditures $1.160M -$830.0K
Free Cash Flow -$38.52M -$55.10M
YoY Change -82.34% -29.5%

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CY2021 raasy Increase Decrease In Accounts Receivable Related Parties Net
IncreaseDecreaseInAccountsReceivableRelatedPartiesNet
-2106000
CY2019 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
2424000
CY2020 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
8498000
CY2021 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
6647000
CY2021 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
1043000
CY2019 us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
3942000
CY2021 us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-3942000
CY2021 us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-619000
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3365000
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
23484000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
15497000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2432000
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1546000
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1089000
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-1667000
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-262000
CY2019 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
36854000
CY2020 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-4744000
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
28206000
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
4426000
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
36095000
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
55628000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
94962000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
14902000
CY2019 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
2808000
CY2020 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
522000
CY2021 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-3472000
CY2021 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-545000
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
3334000
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
523000
CY2019 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
18512000
CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
16542000
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
59253000
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
9298000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-161581000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-216521000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-238079000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-37359000
CY2021 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
203164000
CY2021 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
31881000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5050000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3402000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7390000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1160000
CY2019 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
6309000
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2667000
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1273000
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
200000
CY2021 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
21900000
CY2021 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
3437000
CY2019 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
5688000
CY2020 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
457000
CY2021 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
20000000
CY2021 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
3138000
CY2019 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
34614000
CY2020 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
2512000
CY2019 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
34000000
CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
127514000
CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
20010000
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
496000
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
62000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
30000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5000
CY2021 raasy Cash Received From Consolidation Of Subsidiaries
CashReceivedFromConsolidationOfSubsidiaries
10890000
CY2021 raasy Cash Received From Consolidation Of Subsidiaries
CashReceivedFromConsolidationOfSubsidiaries
1709000
CY2021 raasy Cash Received From Disposal Of A Subsidiary
CashReceivedFromDisposalOfASubsidiary
2500000
CY2021 raasy Cash Received From Disposal Of A Subsidiary
CashReceivedFromDisposalOfASubsidiary
392000
CY2021 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
1500000
CY2021 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
235000
CY2020 us-gaap Cash Divested From Deconsolidation
CashDivestedFromDeconsolidation
1471000
CY2021 us-gaap Cash Divested From Deconsolidation
CashDivestedFromDeconsolidation
1024000
CY2021 us-gaap Cash Divested From Deconsolidation
CashDivestedFromDeconsolidation
161000
CY2020 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
3950000
CY2019 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
310000
CY2020 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
4160000
CY2021 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
2300000
CY2021 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
361000
CY2019 raasy Payments For Term Deposits
PaymentsForTermDeposits
-69762000
CY2020 raasy Payments For Term Deposits
PaymentsForTermDeposits
-160349000
CY2021 raasy Payments For Term Deposits
PaymentsForTermDeposits
-3375933000
CY2021 raasy Payments For Term Deposits
PaymentsForTermDeposits
-529758000
CY2020 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
69762000
CY2021 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
1926418000
CY2021 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
302297000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-85389000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-95800000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1814560000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-284746000
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
2195827000
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
344573000
CY2021 raasy Proceeds From Subscription Receivables For Redeemable Convertible Preferred Shares
ProceedsFromSubscriptionReceivablesForRedeemableConvertiblePreferredShares
336179000
CY2021 raasy Proceeds From Subscription Receivables For Redeemable Convertible Preferred Shares
ProceedsFromSubscriptionReceivablesForRedeemableConvertiblePreferredShares
52754000
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
219667000
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
34471000
CY2019 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
12427000
CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
6282000
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
5549000
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
871000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
26892000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4220000
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
106092000
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
106092000
CY2021 raasy Payables To Variable Interest Entity Shareholder
PayablesToVariableInterestEntityShareholder
230087000
CY2021 raasy Payables To Variable Interest Entity Shareholder
PayablesToVariableInterestEntityShareholder
36106000
CY2019 raasy Cash Paid To Acquire Subsidiaries Equity Interests Held By Non Controlling Shareholders Net
CashPaidToAcquireSubsidiariesEquityInterestsHeldByNonControllingShareholdersNet
4000000
CY2020 raasy Cash Paid To Acquire Subsidiaries Equity Interests Held By Non Controlling Shareholders Net
CashPaidToAcquireSubsidiariesEquityInterestsHeldByNonControllingShareholdersNet
16095000
CY2020 raasy Payments Of Initial Public Offering Costs
PaymentsOfInitialPublicOfferingCosts
5714000
CY2021 raasy Payments Of Initial Public Offering Costs
PaymentsOfInitialPublicOfferingCosts
8146000
CY2021 raasy Payments Of Initial Public Offering Costs
PaymentsOfInitialPublicOfferingCosts
1278000
CY2019 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
2146000
CY2021 us-gaap Payments For Repurchase Of Convertible Preferred Stock
PaymentsForRepurchaseOfConvertiblePreferredStock
68894000
CY2021 us-gaap Payments For Repurchase Of Convertible Preferred Stock
PaymentsForRepurchaseOfConvertiblePreferredStock
10811000
CY2019 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
19941000
CY2020 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
20000000
CY2019 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
12988000
CY2020 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
26838000
CY2021 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
21140000
CY2021 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
3317000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
325410000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
457641000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2444749000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
383635000
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2243000
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-10719000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-36235000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-5686000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
76197000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
134601000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
355875000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
55844000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
90204000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
166401000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
301002000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47234000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
166401000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
301002000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
656877000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103078000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
1845000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
1608000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
291000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
46000
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
55000
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
116000
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
299000
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
47000
CY2019 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
1000
CY2020 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
33000
CY2019 raasy Transfer Of Equity Interest Of Subsidiaries
TransferOfEquityInterestOfSubsidiaries
3380000
CY2020 raasy Transfer Of Equity Interest Of Subsidiaries
TransferOfEquityInterestOfSubsidiaries
5793000
CY2020 raasy Issuance Of Ordinary Shares As Consideration For Purchase Of Noncontrolling Interests
IssuanceOfOrdinarySharesAsConsiderationForPurchaseOfNoncontrollingInterests
27025000
CY2021 raasy Issuance Of Ordinary Shares As Consideration For Purchase Of Noncontrolling Interests
IssuanceOfOrdinarySharesAsConsiderationForPurchaseOfNoncontrollingInterests
20621000
CY2021 raasy Issuance Of Ordinary Shares As Consideration For Purchase Of Noncontrolling Interests
IssuanceOfOrdinarySharesAsConsiderationForPurchaseOfNoncontrollingInterests
3236000
CY2020 raasy Accrual For Ipo Costs
AccrualForIpoCosts
275000
CY2020 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
5549000
CY2020 raasy Exercise Of Series E Warrant
ExerciseOfSeriesEWarrant
16550000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
656179000
CY2019Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
14615000
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">(c) Use of Estimates</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of the consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, related disclosures of contingent assets and liabilities at the balance sheet date, and the reported revenues and expenses during the reported period in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements. Significant accounting estimates reflected in the Group’s financial statements include, but not limited to, revenue recognition, fair value of assets and liabilities acquired in business combination, the allowance for doubtful accounts receivable and contract assets, depreciable lives and recoverability of property and equipment and intangible assets, assessment of impairment of long-lived assets, intangible assets and goodwill, the realization of deferred income tax assets, the fair value of share based compensation awards, redeemable convertible preferred shares, short-term investments, equity method investments, other equity investments, warrant liabilities, the fair value of the ordinary shares to determine the existence of beneficial conversion feature of the redeemable convertible preferred shares, and management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances.</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="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">In March 2020, the World Health Organization declared the outbreak of a disease caused by a novel strain of the coronavirus (“COVID-19”) to be a pandemic. After the initial outbreak of the COVID-19, some instances of COVID-19 infections have emerged from time to time. The COVID-19 pandemic has created and may continue to create significant uncertainty in the macroeconomic environment which, in addition to other unforeseen effects of this pandemic, may adversely impact the Group’s results of operations. The extent to which COVID-19 would impacts the results of operations is contingent on the future developments of the outbreak, including constant updates concerning the global severity of and actions needed to contain the outbreak, which are highly uncertain and unpredictable. Due to the uncertainty and the economic implications on global economics conditions from the COVID-19 pandemic, certain estimates and assumptions may change in the near term.</span></p>
CY2021Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
6.3726
CY2019Q4 us-gaap Cash
Cash
119000
CY2020Q4 us-gaap Cash
Cash
1000
CY2021Q4 us-gaap Cash
Cash
28000
CY2019Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
165389000
CY2020Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
299108000
CY2021Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
656151000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
165508000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
299109000
CY2020Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
19218000
CY2021Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
24678000
CY2019Q4 us-gaap Investment Interest Rate
InvestmentInterestRate
0.024
CY2020Q4 us-gaap Investment Interest Rate
InvestmentInterestRate
0.01
CY2021Q4 us-gaap Investment Interest Rate
InvestmentInterestRate
0.0044
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
297360000
CY2021 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">(r) Warrant Liabilities</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The freestanding warrants to purchase redeemable convertible preferred shares at a future date were determined to be freestanding instruments that were accounted for as liabilities. At initial recognition, the Group recorded the warrant liabilities on the consolidated balance sheets at their estimated fair value and changes in estimated fair values were included in the change in fair value of warrant liabilities on the consolidated statement of comprehensive loss or allocated to the proceeds from the issuance of the debt instrument to the warrants based on the warrant liabilities fair value. The warrant liabilities are subject to remeasurement at each reporting period and the Group adjusted the carrying value of the warrant liabilities to fair value at the end of each reporting period utilizing the binominal option pricing model, with changes in estimated fair value included in the change in fair value of warrant liabilities on the consolidated statement of comprehensive loss.</span></p>
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
167484000
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
174192000
CY2019 us-gaap Advertising Expense
AdvertisingExpense
36967000
CY2020 us-gaap Advertising Expense
AdvertisingExpense
46942000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
57618000
CY2019 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
66216000
CY2020 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
45181000
CY2021 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
94148000
CY2020 raasy Number Of Suppliers Accounted For Ten Percent Or More Prepayments And Other Current Assets Excluding Related Party Amounts
NumberOfSuppliersAccountedForTenPercentOrMorePrepaymentsAndOtherCurrentAssetsExcludingRelatedPartyAmounts
1
CY2020 raasy Percentage Of Prepayments And Other Current Assets Excluding Related Party Amounts Represented By Supplier
PercentageOfPrepaymentsAndOtherCurrentAssetsExcludingRelatedPartyAmountsRepresentedBySupplier
0.197
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">(dd) Concentration and Risk</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentration of customers and suppliers</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><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 individually represent greater than 10.0% of total revenues of the Group during the years ended December 31, 2019, 2020 and 2021.</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><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;"> suppliers individually represent greater than 10.0% of total purchases of the Group during the years ended December 31, 2020 and 2021. </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">One</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> supplier represent </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">18.2</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of total cost of the Group as of December 31,2019.</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><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 individually represent greater than 10.0% of accounts receivable, net including related party amounts and contract assets as of December 31, 2019. </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">One</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> customer represent </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">11.4</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of total accounts receivable, net including related party amounts and contract assets of the Group as of December 31,2020 and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">one</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> customer represent </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">17.4</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of total accounts receivable, net including related party amounts and contract assets of the Group as of December 31, 2021.</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><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;"> suppliers individually represent greater than 10.0% of total accounts payable of the Group as of December 31, 2019 and 2020. </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">Two</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> suppliers represent </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">12.7</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">10.5</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of total accounts payable of the Group as of December 31, 2021, respectively.</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="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><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 individually represent greater than 10.0% of contract liabilities of the Group as of December 31, 2019 and 2020, and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">one</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> customer represent </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">11.4</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of total contract liabilities of the Group as of December 31, 2021.</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><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;"> suppliers individually represent greater than 10.0% of prepayments and other current assets excluding related party amounts of the Group as of December 31, 2019. </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">One</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> supplier individually represents </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">19.7</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of prepayments and other current assets excluding related party amounts of the Group as of December 31, 2020 and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">two</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> suppliers represent </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">26.2</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% and </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">13.9</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of prepayments and other current assets excluding related party amounts of the Group as of December 31, 2021.</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:12pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentration of credit risk</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:12pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><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 Group to concentrations of credit risk consist principally of cash, restricted cash, term deposits, short‑term investments and accounts receivable. The total amount of these financial instruments were RMB</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">426</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million, RMB</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">676</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million and RMB</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">2,553</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> million as of December 31, 2019, 2020 and 2021.</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Group's investment policy requires cash, restricted cash, term deposits and short‑term investments to be placed with high‑quality financial institutions and to limit the amount of credit risk from any one issuer. The Group regularly evaluates the credit standing of the counterparties or financial institutions.</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Group conducts credit evaluations on its customers prior to delivery of goods or services. The assessment of customer creditworthiness is primarily based on historical collection records, research of publicly available information and customer on‑site visits by senior management. Based on this analysis, the Group determines what credit terms, if any, to offer to each customer individually. If the assessment indicates a likelihood of collection risk, the Company will not deliver the services or sell the products to the customer or require the customer to pay cash, post letters of credit to secure payment or to make significant down payments.</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Interest rate risk</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Group's short-term bank borrowings bears interests at fixed rates. If the Group were to renew these loans, the Group might be subject to interest rate risk.</span></p>
CY2019 raasy Number Of Customers Accounted For Ten Percent Or More Revenue
NumberOfCustomersAccountedForTenPercentOrMoreRevenue
0
CY2020 raasy Number Of Customers Accounted For Ten Percent Or More Revenue
NumberOfCustomersAccountedForTenPercentOrMoreRevenue
0
CY2021 raasy Number Of Customers Accounted For Ten Percent Or More Revenue
NumberOfCustomersAccountedForTenPercentOrMoreRevenue
0
CY2020 raasy Number Of Suppliers Accounted For Ten Percent Or More Purchases
NumberOfSuppliersAccountedForTenPercentOrMorePurchases
0
CY2021 raasy Number Of Suppliers Accounted For Ten Percent Or More Purchases
NumberOfSuppliersAccountedForTenPercentOrMorePurchases
0
CY2019 raasy Number Of Suppliers Accounted For Ten Percent Or More Purchases
NumberOfSuppliersAccountedForTenPercentOrMorePurchases
1
CY2019 raasy Percentage Of Net Cost Represented By Supplier One
PercentageOfNetCostRepresentedBySupplierOne
0.182
CY2019 raasy Number Of Customers Accounted For Ten Percent Or More Accounts Receivable
NumberOfCustomersAccountedForTenPercentOrMoreAccountsReceivable
0
CY2020 raasy Number Of Customers Accounted For Ten Percent Or More Accounts Receivable
NumberOfCustomersAccountedForTenPercentOrMoreAccountsReceivable
1
CY2020 raasy Percentage Of Net Accounts Receivable Represented By Customer One
PercentageOfNetAccountsReceivableRepresentedByCustomerOne
0.114
CY2021 raasy Number Of Customers Accounted For Ten Percent Or More Accounts Receivable
NumberOfCustomersAccountedForTenPercentOrMoreAccountsReceivable
1
CY2021 raasy Percentage Of Net Accounts Receivable Represented By Customer One
PercentageOfNetAccountsReceivableRepresentedByCustomerOne
0.174
CY2020 raasy Number Of Suppliers Accounted For Ten Percent Or More Accounts Payable
NumberOfSuppliersAccountedForTenPercentOrMoreAccountsPayable
0
CY2021 raasy Number Of Suppliers Accounted For Ten Percent Or More Accounts Payable
NumberOfSuppliersAccountedForTenPercentOrMoreAccountsPayable
2
CY2021 raasy Percentage Of Accounts Payable Represented By Supplier One
PercentageOfAccountsPayableRepresentedBySupplierOne
0.127
CY2021 raasy Percentage Of Accounts Payable Represented By Supplier Two
PercentageOfAccountsPayableRepresentedBySupplierTwo
0.105
CY2019 raasy Number Of Customers Accounted For Ten Percent Or More Contract Liabilities
NumberOfCustomersAccountedForTenPercentOrMoreContractLiabilities
0
CY2020 raasy Number Of Customers Accounted For Ten Percent Or More Contract Liabilities
NumberOfCustomersAccountedForTenPercentOrMoreContractLiabilities
0
CY2021 raasy Number Of Customers Accounted For Ten Percent Or More Contract Liabilities
NumberOfCustomersAccountedForTenPercentOrMoreContractLiabilities
1
CY2021 raasy Percentage Of Net Contract Liabilities Represented By Customer One
PercentageOfNetContractLiabilitiesRepresentedByCustomerOne
0.114
CY2019 raasy Number Of Suppliers Accounted For Ten Percent Or More Prepayments And Other Current Assets Excluding Related Party Amounts
NumberOfSuppliersAccountedForTenPercentOrMorePrepaymentsAndOtherCurrentAssetsExcludingRelatedPartyAmounts
0
CY2020 raasy Number Of Supplier
NumberOfSupplier
2
CY2021 raasy Number Of Supplier
NumberOfSupplier
2
CY2020 raasy Percentageofprepaymentsandothercurrentassetsexcludingrelatedpartyamountsrepresentedbysuppliertwo
Percentageofprepaymentsandothercurrentassetsexcludingrelatedpartyamountsrepresentedbysuppliertwo
0.262
CY2021 raasy Percentageofprepaymentsandothercurrentassetsexcludingrelatedpartyamountsrepresentedbysuppliertwo
Percentageofprepaymentsandothercurrentassetsexcludingrelatedpartyamountsrepresentedbysuppliertwo
0.139
CY2019Q4 raasy Financial Instruments Potentially Expose To Concentrations Of Credit Risk Amount
FinancialInstrumentsPotentiallyExposeToConcentrationsOfCreditRiskAmount
426000000
CY2020Q4 raasy Financial Instruments Potentially Expose To Concentrations Of Credit Risk Amount
FinancialInstrumentsPotentiallyExposeToConcentrationsOfCreditRiskAmount
676000000
CY2021Q4 raasy Financial Instruments Potentially Expose To Concentrations Of Credit Risk Amount
FinancialInstrumentsPotentiallyExposeToConcentrationsOfCreditRiskAmount
2553000000
CY2019Q4 us-gaap Preferred Stock Shares Subscribed But Unissued Subscriptions Receivable
PreferredStockSharesSubscribedButUnissuedSubscriptionsReceivable
23220000
CY2020Q4 us-gaap Preferred Stock Shares Subscribed But Unissued Subscriptions Receivable
PreferredStockSharesSubscribedButUnissuedSubscriptionsReceivable
336179000
CY2019Q4 us-gaap Statutory Accounting Practices Retained Earnings Not Available For Dividends
StatutoryAccountingPracticesRetainedEarningsNotAvailableForDividends
0
CY2020Q4 us-gaap Statutory Accounting Practices Retained Earnings Not Available For Dividends
StatutoryAccountingPracticesRetainedEarningsNotAvailableForDividends
0
CY2021Q4 us-gaap Statutory Accounting Practices Retained Earnings Not Available For Dividends
StatutoryAccountingPracticesRetainedEarningsNotAvailableForDividends
0
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
165508000
CY2019Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
893000
CY2019Q4 raasy Term Deposits
TermDeposits
69762000
CY2019Q4 us-gaap Short Term Investments
ShortTermInvestments
2501000
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
177232000
CY2019Q4 raasy Accounts Receivable Related Parties Net
AccountsReceivableRelatedPartiesNet
10208000
CY2019Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
15582000
CY2019Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
6452000
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
67761000
CY2019Q4 us-gaap Assets Current
AssetsCurrent
515899000
CY2019Q4 us-gaap Long Term Investments
LongTermInvestments
35228000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9092000
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
11515000
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3706000
CY2019Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
59541000
CY2019Q4 us-gaap Assets
Assets
575440000
CY2019Q4 us-gaap Debt Current
DebtCurrent
26838000
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
120297000
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
121748000
CY2019Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
3744000
CY2019Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
64608000
CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
337235000
CY2019Q4 raasy Warrant Liabilities Noncurrent
WarrantLiabilitiesNoncurrent
4709000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
104198000
CY2019Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
259000
CY2019Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
109166000
CY2019Q4 us-gaap Liabilities
Liabilities
446401000
CY2019Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
1424129000
CY2019Q4 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
23220000
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-77494000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1168156000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
-1268813000
CY2019Q4 us-gaap Minority Interest
MinorityInterest
-26277000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-1295090000
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
575440000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
299109000
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
1893000
CY2020Q4 raasy Term Deposits
TermDeposits
160349000
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
202172000
CY2020Q4 raasy Accounts Receivable Related Parties Net
AccountsReceivableRelatedPartiesNet
12442000
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
18342000
CY2020Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
6242000
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
96452000
CY2020Q4 us-gaap Assets Current
AssetsCurrent
797001000
CY2020Q4 us-gaap Long Term Investments
LongTermInvestments
47300000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7720000
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10006000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4795000
CY2020Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
69821000
CY2020Q4 us-gaap Assets
Assets
866822000
CY2020Q4 us-gaap Debt Current
DebtCurrent
20000000
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
115549000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
177376000
CY2020Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
4266000
CY2020Q4 raasy Payables To Affiliate Current
PayablesToAffiliateCurrent
230087000
CY2020Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
85729000
CY2020Q4 raasy Warrant Liabilities Current
WarrantLiabilitiesCurrent
37903000
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
670910000
CY2020Q4 raasy Warrant Liabilities Noncurrent
WarrantLiabilitiesNoncurrent
9650000
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
185000
CY2020Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
9835000
CY2020Q4 us-gaap Liabilities
Liabilities
680745000
CY2020Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
2789401000
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
75733000
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2681632000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-2605837000
CY2020Q4 us-gaap Minority Interest
MinorityInterest
2513000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-2603324000
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
866822000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
592798000
CY2019 us-gaap Cost Of Revenue
CostOfRevenue
378030000
CY2019 us-gaap Gross Profit
GrossProfit
214768000
CY2019 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
176009000
CY2019 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
102052000
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
167484000
CY2019 us-gaap Operating Expenses
OperatingExpenses
445545000
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
-230777000
CY2019 us-gaap Interest Expense
InterestExpense
2077000
CY2019 us-gaap Interest Income Operating
InterestIncomeOperating
992000
CY2019 us-gaap Investment Income Net
InvestmentIncomeNet
114000
CY2019 us-gaap Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
21000
CY2019 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-499000
CY2019 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
900000
CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2582000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-232910000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
549000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5050000
CY2019 us-gaap Profit Loss
ProfitLoss
-233459000
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-16320000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-217139000
CY2019 raasy Temporary Equity Accretion To Redemption Values Adjustment
TemporaryEquityAccretionToRedemptionValuesAdjustment
23341000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-240480000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
723453000
CY2020 us-gaap Cost Of Revenue
CostOfRevenue
478118000
CY2020 us-gaap Gross Profit
GrossProfit
245335000
CY2020 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
200410000
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
241356000
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
174192000
CY2020 us-gaap Operating Expenses
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10006000
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61695000
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FiniteLivedIntangibleAssetsAccumulatedAmortization
13162000
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136000
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3606000
CY2020 us-gaap Amortization Of Intangible Assets
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3895000
CY2021 us-gaap Amortization Of Intangible Assets
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7837000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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7013000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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4732000
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CY2021 us-gaap Goodwill Impairment Loss
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CY2020Q4 us-gaap Short Term Borrowings
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20000000
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23040000
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5549000
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12744000
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765000
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191000
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CY2020Q4 raasy Staff Reimbursements Current
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CY2020Q4 us-gaap Other Accrued Liabilities Current
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471000
CY2021Q4 us-gaap Other Accrued Liabilities Current
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3259000
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64608000
CY2020Q4 us-gaap Accrued Liabilities And Other Liabilities
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85729000
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CY2019 raasy Temporary Equity Stock Issued During Period Value New Issues Inducement Costs
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CY2019 raasy Temporary Equity Modifications
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12278000
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11062000
CY2019 us-gaap Temporary Equity Foreign Currency Translation Adjustments
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16013000
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CY2020 raasy Temporary Equity Stock Issued During Period Value New Issues Cash
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11830000
CY2020 raasy Deemed Dividends To Preferred Shareholders
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14729000
CY2020 raasy Temporary Equity Accretion To Redemption Value Adjustments
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1139108000
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3125580000
CY2020 raasy Temporary Equity Subscriptions Receivables
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336179000
CY2020Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
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CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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P2Y10M2D
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2994000
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34000000
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33566000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
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CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
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577000
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940000
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446000
CY2020 raasy Effective Income Tax Rate Reconciliation Nondeductible Expense Uninvoiced Expenditures Amount
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217000
CY2019 raasy Effective Income Tax Rate Reconciliation Nondeductible Expense Taxable Deemed Interest Income From Inter Company Interest Free Loans Amount
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996000
CY2020 raasy Effective Income Tax Rate Reconciliation Nondeductible Expense Taxable Deemed Interest Income From Inter Company Interest Free Loans Amount
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2155000
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21622000
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16550000
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23376000
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37531000
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29011000
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CurrentIncomeTaxExpenseBenefit
1201000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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2210000
CY2021 raasy Income Tax Reconciliation Nondeductible Expense Initial Public Offering Fees
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824000
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82000
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110000
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372000
CY2021 raasy Effective Income Tax Rate Reconciliation Non Deductible Expense Effect Of Withholding Tax On Interest Income Of Subsidiary Percent
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1144000
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581000
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2072000
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333000
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CY2020 raasy Effective Income Tax Reconciliation Non Prc Entities Not Subject To Income Tax Amount
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7296000
CY2021 raasy Effective Income Tax Reconciliation Non Prc Entities Not Subject To Income Tax Amount
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47479000
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123000
CY2021 raasy Effective Income Tax Reconciliation Effect Of Income Tax Rate Differences In Jurisdictions Other Than The Prc Amount
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104000
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4883000
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200000
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8635000
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CY2020 raasy Effective Income Tax Reconciliation Amortization Of Intangible Assets Formed By Business Combinations Amount
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-74000
CY2021 raasy Effective Income Tax Reconciliation Amortization Of Intangible Assets Formed By Business Combinations Amount
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813000
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CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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60167000
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6204000
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38690000
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