Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Jun-30-23 | Mar-31-23 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Jun-30-21 | Mar-31-21 | Dec-31-20 |
| | 10-K | 10-Q | 10-K | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
| Total revenue | 642.1 | 748.9 | 678.7 | 964.3 | 1,133.9 | 936.8 | 1,262.3 | 1,064.8 |
| Total revenue growth | -5.4% | -22.3% | -27.6% | -23.6% | 6.5% | 54.3% | 140.6% | 128.4% |
| Cost of revenue | 441.1 | 478.7 | 708.5 | 780.1 | 853.7 | 680.8 | 817.4 | 640.0 |
| Gross profit | 201.1 | 270.2 | -29.8 | 184.2 | 280.2 | 256.0 | 444.9 | 424.8 |
| Gross margin | 31.3% | 36.1% | -4.4% | 19.1% | 24.7% | 27.3% | 35.2% | 39.9% |
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| Operating expenses: | | | | | | | | |
| Sales and marketing | 137.8 | 154.6 | 158.1 | 227.7 | 349.6 | 228.0 | 208.2 | 177.4 |
| General and administrative | 162.8 | 249.2 | 232.1 | 242.3 | 248.7 | 231.5 | 180.6 | 141.1 |
| Research and development | 72.1 | 78.2 | 84.9 | 77.1 | 100.0 | 93.7 | 69.8 | 47.5 |
| Goodwill impairment | | | | 181.9 | | | | |
| Impairment expense | 32.6 | 39.4 | 348.0 | 32.5 | | | | |
| Restructuring expense | 21.5 | 12.0 | 22.2 | 158.5 | | | | |
| Supplier settlements | | 2.9 | | | | | | |
| Total operating expenses | 426.8 | 536.2 | -1,066.6 | 920.0 | 705.9 | -526.7 | 458.6 | 366.0 |
| Loss from operations | -225.8 | -266.0 | -1,212.8 | -735.8 | -425.7 | -301.7 | -13.7 | 58.8 |
| Operating margin | -35.2% | -35.5% | -178.7% | -76.3% | -37.5% | -32.2% | -1.1% | 5.5% |
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| Other expense, net: | | | | | | | | |
| Interest expense | -27.4 | -26.6 | -16.5 | -9.1 | -8.8 | -9.1 | -4.9 | -0.4 |
| Interest income | 8.7 | 7.9 | 1.2 | 0.2 | 0.3 | 1.2 | 1.6 | 2.3 |
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| Foreign exchange gain (loss) | | | | | | | | |
| Other income (expense), net | -0.1 | 0.4 | -2.2 | 1.2 | -0.4 | | | |
| Total other expense, net | -15.8 | -9.1 | -30.3 | -19.2 | -10.6 | -9.9 | -4.0 | 1.8 |
| Loss before provision (benefit) for income taxes | -241.6 | -275.2 | -1,243.1 | -755.0 | -436.3 | -311.6 | -17.7 | 60.6 |
| Income tax expense (benefit) | 0.2 | 0.8 | 12.1 | 2.1 | 3.1 | 1.6 | -9.1 | -3.0 |
| Net loss | -241.8 | -275.9 | -1,255.3 | -757.1 | -439.4 | -313.2 | -8.6 | 63.6 |
| Net loss attributable to Class A and Class B common stockholders, basic | -241.8 | -275.9 | -1,255.3 | -757.1 | -439.4 | -313.2 | -8.6 | 63.6 |
| Net loss attributable to Class A and Class B common stockholders, diluted | -241.8 | -275.9 | -1,255.3 | -757.1 | -439.4 | -313.2 | -8.6 | 63.6 |
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| Net loss per share attributable to common stockholders, basic | ($0.67) | ($0.79) | ($3.81) | ($2.27) | ($1.39) | ($1.07) | ($0.03) | $0.22 |
| Net loss per share attributable to common stockholders, diluted | ($0.67) | ($0.79) | ($3.81) | ($2.27) | ($1.39) | ($1.00) | ($0.03) | $0.18 |
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| Weighted-average Class A and Class B common shares outstanding, basic | 346.7 | 350.4 | 322.4 | 333.9 | 317.1 | 293.9 | 295.6 | 292.5 |
| Weighted-average Class A and Class B common shares outstanding, diluted | 346.7 | 350.4 | 322.4 | 333.9 | 317.1 | 293.9 | 295.6 | 347.9 |
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| Other comprehensive income (loss): | | | | | | | | |
| Net unrealized (losses) gains on marketable securities | | | -0.4 | | | -3.5 | | |
| Change in foreign currency translation adjustment | -3.1 | -1.5 | -1.0 | -5.6 | | | | |
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| Derivative adjustments: | | | | | | | | |
| Net unrealized loss on hedging derivatives | | | -1.6 | -3.6 | 1.9 | | | 5.3 |
| Reclassification for derivative adjustments included in Net loss | | 0.3 | 4.4 | 1.4 | | | | |
| Total other comprehensive income (loss) | -3.1 | -1.2 | 1.9 | -7.9 | | | | |
| Comprehensive loss | -244.9 | -277.1 | -1,253.5 | -765.0 | -438.2 | -309.1 | -11.2 | 67.5 |
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