v3.24.3
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenue $ 235,094 $ 175,807 $ 667,300 $ 496,481
Cost of revenue 54,357 58,825 149,567 132,875
Gross profit 180,737 116,982 517,733 363,606
Operating expenses:        
Selling and marketing 100,018 167,877 286,377 291,845
Research and development 55,769 141,455 167,601 209,542
General and administrative 38,228 109,853 113,179 156,511
Total operating expenses 194,015 419,185 567,157 657,898
Operating loss (13,278) (302,203) (49,424) (294,292)
Other income (expense):        
Other income (expense) 229 (265) 290 (344)
Interest income 10,504 6,183 30,029 14,484
Total other income, net 10,733 5,918 30,319 14,140
Loss before income taxes (2,545) (296,285) (19,105) (280,152)
(Benefit) provision for income taxes (1,200) 819 64 1,786
Net loss (1,345) (297,104) (19,169) (281,938)
Comprehensive loss $ (1,345) $ (297,104) $ (19,169) $ (281,938)
Net loss per share attributable to Series A and Series B common stockholders, basic (in dollars per share) $ (0.01) $ (1.24) $ (0.07) $ (1.19)
Net loss per share attributable to Series A and Series B common stockholders, diluted (in dollars per share) $ (0.01) $ (1.24) $ (0.07) $ (1.19)
Weighted average common shares outstanding, basic (in shares) 267,854,769 240,125,168 264,846,463 237,411,574
Weighted average common shares outstanding, diluted (in shares) 267,854,769 240,125,168 264,846,463 237,411,574