0001445305-22-000110 | 10-Q | XBRL Viewer

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Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2022	Aug. 04, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-36773
Entity Registrant Name	WORKIVA INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-2509828
Entity Address, Address Line One	2900 University Blvd
Entity Address, City or Town	Ames
Entity Address, State or Province	IA
Entity Address, Postal Zip Code	50010
City Area Code	888
Local Phone Number	275-3125
Title of 12(b) Security	Class A common stock, par value $.001
Trading Symbol	WK
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001445305
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Class A Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		48,456,215
Class B Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		3,890,583

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 226,253	$ 300,386
Marketable securities	202,712	230,060
Accounts receivable, net of allowance for doubtful accounts of $577 and $591 at June 30, 2022 and December 31, 2021, respectively	75,607	76,848
Deferred costs	29,992	31,152
Other receivables	2,949	3,538
Prepaid expenses and other	17,776	15,108
Total current assets	555,289	657,092
Property and equipment, net	27,331	28,821
Operating lease right-of-use assets	15,049	17,760
Deferred costs, non-current	34,826	33,091
Goodwill	109,040	34,556
Intangible assets, net	30,162	10,434
Other assets	5,061	5,005
Total assets	776,758	786,759
Current liabilities
Accounts payable	5,797	4,114
Accrued expenses and other current liabilities	85,863	84,126
Deferred revenue	272,731	258,023
Convertible senior notes, current	0	298,661
Finance lease obligations	936	1,575
Total current liabilities	365,327	646,499
Convertible senior notes, non-current	339,608	0
Deferred revenue, non-current	34,063	34,181
Other long-term liabilities	1,380	1,605
Operating lease liabilities, non-current	13,688	16,408
Finance lease obligations, non-current	14,838	15,087
Total liabilities	768,904	713,780
Stockholders’ equity
Preferred stock, $0.001 par value per share, 100,000,000 shares authorized, no shares issued and outstanding	0	0
Additional paid-in-capital	498,115	525,646
Accumulated deficit	(481,523)	(452,430)
Accumulated other comprehensive loss	(8,790)	(288)
Total stockholders’ equity	7,854	72,979
Total liabilities and stockholders’ equity	776,758	786,759
Class A Common Stock
Stockholders’ equity
Common stock	48	47
Class B Common Stock
Stockholders’ equity
Common stock	$ 4	$ 4

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Allowance for doubtful accounts	$ 577	$ 591
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, share authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	48,348,270	47,293,775
Common stock, shares outstanding (in shares)	48,348,270	47,293,775
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, share authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	3,890,583	4,150,583
Common stock, shares outstanding (in shares)	3,890,583	4,150,583

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue
Total revenue	$ 131,549	$ 105,587	$ 261,223	$ 209,809
Cost of revenue
Total cost of revenue	32,237	24,591	63,110	48,267
Gross profit	99,312	80,996	198,113	161,542
Operating expenses
Research and development	39,177	27,830	75,061	54,464
Sales and marketing	64,219	41,525	120,319	82,560
General and administrative	24,108	17,384	48,102	34,405
Total operating expenses	127,504	86,739	243,482	171,429
Loss from operations	(28,192)	(5,743)	(45,369)	(9,887)
Interest income	605	255	885	615
Interest expense	(1,512)	(3,502)	(3,030)	(6,987)
Other income (expense), net	668	(156)	503	(540)
Loss before provision for income taxes	(28,431)	(9,146)	(47,011)	(16,799)
Provision for income taxes	430	368	343	39
Net loss	$ (28,861)	$ (9,514)	$ (47,354)	$ (16,838)
Net loss per common share:
Basic (in dollars per share)	$ (0.55)	$ (0.19)	$ (0.90)	$ (0.33)
Diluted (in dollars per share)	$ (0.55)	$ (0.19)	$ (0.90)	$ (0.33)
Weighted-average common shares outstanding - basic (in shares)	52,850,470	51,065,867	52,724,051	50,657,264
Weighted-average common shares outstanding - diluted (in shares)	52,850,470	51,065,867	52,724,051	50,657,264
Subscription and support
Revenue
Total revenue	$ 113,353	$ 91,205	$ 220,473	$ 176,141
Cost of revenue
Total cost of revenue	18,915	14,098	37,448	27,300
Professional services
Revenue
Total revenue	18,196	14,382	40,750	33,668
Cost of revenue
Total cost of revenue	$ 13,322	$ 10,493	$ 25,662	$ 20,967

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (28,861)	$ (9,514)	$ (47,354)	$ (16,838)
Other comprehensive (loss) income
Foreign currency translation adjustment	(6,172)	48	(6,088)	204
Unrealized loss on available-for-sale securities	(554)	(25)	(2,414)	(230)
Other comprehensive (loss) income	(6,726)	23	(8,502)	(26)
Comprehensive loss	$ (35,587)	$ (9,491)	$ (55,856)	$ (16,864)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock (Class A and B)	Additional Paid-in-Capital	Additional Paid-in-Capital Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit	Accumulated Deficit Cumulative Effect, Period of Adoption, Adjustment
Beginning of the period (in shares) at Dec. 31, 2020			48,789,000
Beginning of the period at Dec. 31, 2020	$ 64,277		$ 49	$ 478,698		$ 230	$ (414,700)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	11,623			11,623
Issuance of common stock upon exercise of stock options (in shares)			312,000
Issuance of common stock upon exercise of stock options	4,138		$ 1	4,137
Issuance of common stock under employee stock purchase plan (in shares)			93,000
Issuance of common stock under employee stock purchase plan	4,237			4,237
Issuance of restricted stock units (in shares)			803,000
Tax withholding related to net share settlements of stock-based compensation awards (in shares)			(70,000)
Tax withholding related to net share settlements of stock-based compensation awards	(7,146)			(7,146)
Net loss	(7,324)						(7,324)
Other comprehensive (loss) income	(49)					(49)
End of period (in shares) at Mar. 31, 2021			49,927,000
End of period at Mar. 31, 2021	69,756		$ 50	491,549		181	(422,024)
Beginning of the period (in shares) at Dec. 31, 2020			48,789,000
Beginning of the period at Dec. 31, 2020	64,277		$ 49	478,698		230	(414,700)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(16,838)
Other comprehensive (loss) income	(26)
End of period (in shares) at Jun. 30, 2021			50,354,000
End of period at Jun. 30, 2021	72,066		$ 50	503,350		204	(431,538)
Beginning of the period (in shares) at Dec. 31, 2020			48,789,000
Beginning of the period at Dec. 31, 2020	64,277		$ 49	478,698		230	(414,700)
End of period (in shares) at Dec. 31, 2021			51,444,000
End of period at Dec. 31, 2021	$ 72,979	$ (40,299)	$ 51	525,646	$ (58,560)	(288)	(452,430)	$ 18,261
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2020-06 [Member]
Beginning of the period (in shares) at Mar. 31, 2021			49,927,000
Beginning of the period at Mar. 31, 2021	$ 69,756		$ 50	491,549		181	(422,024)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	11,052			11,052
Issuance of common stock upon exercise of stock options (in shares)			117,000
Issuance of common stock upon exercise of stock options	1,480			1,480
Issuance of restricted stock units (in shares)			318,000
Tax withholding related to net share settlements of stock-based compensation awards (in shares)			(8,000)
Tax withholding related to net share settlements of stock-based compensation awards	(731)			(731)
Net loss	(9,514)						(9,514)
Other comprehensive (loss) income	23					23
End of period (in shares) at Jun. 30, 2021			50,354,000
End of period at Jun. 30, 2021	72,066		$ 50	503,350		204	(431,538)
Beginning of the period (in shares) at Dec. 31, 2021			51,444,000
Beginning of the period at Dec. 31, 2021	$ 72,979	(40,299)	$ 51	525,646	(58,560)	(288)	(452,430)	18,261
End of period at Jan. 01, 2022					(58,600)			18,300
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2020-06 [Member]
Beginning of the period (in shares) at Dec. 31, 2021			51,444,000
Beginning of the period at Dec. 31, 2021	$ 72,979	(40,299)	$ 51	525,646	(58,560)	(288)	(452,430)	18,261
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	15,309			15,309
Issuance of common stock upon exercise of stock options (in shares)			62,000
Issuance of common stock upon exercise of stock options	825		$ 1	824
Issuance of common stock under employee stock purchase plan (in shares)			53,000
Issuance of common stock under employee stock purchase plan	5,218			5,218
Issuance of restricted stock units (in shares)			545,000
Tax withholding related to net share settlements of stock-based compensation awards (in shares)			(73,000)
Tax withholding related to net share settlements of stock-based compensation awards	(8,570)			(8,570)
Net loss	(18,493)						(18,493)
Other comprehensive (loss) income	(1,776)					(1,776)
End of period (in shares) at Mar. 31, 2022			52,031,000
End of period at Mar. 31, 2022	25,193		$ 52	479,867		(2,064)	(452,662)
Beginning of the period (in shares) at Dec. 31, 2021			51,444,000
Beginning of the period at Dec. 31, 2021	$ 72,979	$ (40,299)	$ 51	525,646	$ (58,560)	(288)	(452,430)	$ 18,261
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)	138,404
Net loss	$ (47,354)
Other comprehensive (loss) income	(8,502)
End of period (in shares) at Jun. 30, 2022			52,239,000
End of period at Jun. 30, 2022	7,854		$ 52	498,115		(8,790)	(481,523)
Beginning of the period (in shares) at Mar. 31, 2022			52,031,000
Beginning of the period at Mar. 31, 2022	25,193		$ 52	479,867		(2,064)	(452,662)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	18,447			18,447
Issuance of common stock upon exercise of stock options (in shares)			76,000
Issuance of common stock upon exercise of stock options	1,145			1,145
Issuance of restricted stock units (in shares)			144,000
Tax withholding related to net share settlements of stock-based compensation awards (in shares)			(12,000)
Tax withholding related to net share settlements of stock-based compensation awards	(1,344)			(1,344)
Net loss	(28,861)						(28,861)
Other comprehensive (loss) income	(6,726)					(6,726)
End of period (in shares) at Jun. 30, 2022			52,239,000
End of period at Jun. 30, 2022	$ 7,854		$ 52	$ 498,115		$ (8,790)	$ (481,523)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities
Net loss	$ (28,861)	$ (9,514)	$ (47,354)	$ (16,838)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	2,725	1,097	4,684	2,151
Stock-based compensation expense	18,447	11,052	33,756	22,675
Provision for (recovery of) doubtful accounts	20	17	(9)	(101)
Amortization of premiums and discounts on marketable securities, net	453	763	1,113	1,388
Amortization of issuance costs and debt discount	324	2,284	648	4,550
Deferred income tax	63	362	(148)	16
Changes in assets and liabilities:
Accounts receivable	(4,844)	(12,106)	1,737	3,159
Deferred costs	(2,734)	(9,018)	(1,290)	(10,077)
Operating lease right-of-use asset	1,307	977	2,608	1,921
Other receivables	385	585	565	424
Prepaid expenses and other	(1,591)	722	(2,723)	(3,025)
Other assets	12	(110)	35	(683)
Accounts payable	(2,300)	(1,172)	2,064	736
Deferred revenue	13,192	11,900	13,798	12,079
Operating lease liability	(1,302)	(1,202)	(2,644)	(2,278)
Accrued expenses and other liabilities	13,388	16,123	907	8,166
Net cash provided by operating activities	8,684	12,760	7,747	24,263
Cash flows from investing activities
Purchase of property and equipment	(671)	(811)	(1,203)	(1,660)
Purchase of marketable securities	(23,798)	(51,217)	(57,946)	(94,872)
Sale of marketable securities	0	250	14,981	250
Maturities of marketable securities	40,536	30,206	66,786	70,792
Acquisitions, net of cash acquired	(99,186)	0	(99,186)	0
Purchase of intangible assets	(6)	(52)	(46)	(123)
Other investments	0	(750)	0	(750)
Net cash used in investing activities	(83,125)	(22,374)	(76,614)	(26,363)
Cash flows from financing activities
Proceeds from option exercises	1,145	1,480	1,970	5,618
Taxes paid related to net share settlements of stock-based compensation awards	(1,344)	(731)	(9,914)	(7,877)
Proceeds from shares issued in connection with employee stock purchase plan	0	0	5,218	4,237
Principal payments on finance lease obligations	(446)	(424)	(888)	(841)
Net cash (used in) provided by financing activities	(645)	325	(3,614)	1,137
Effect of foreign exchange rates on cash	(1,737)	310	(1,652)	326
Net decrease in cash and cash equivalents	(76,823)	(8,979)	(74,133)	(637)
Cash and cash equivalents at beginning of period	303,076	331,173	300,386	322,831
Cash and cash equivalents at end of period	226,253	322,194	226,253	322,194
Supplemental cash flow disclosure
Cash paid for interest	218	242	2,383	2,430
Cash paid for income taxes, net of refunds	438	(86)	628	(66)
Supplemental disclosure of noncash investing and financing activities
Purchases of property and equipment, accrued but not paid	$ 0	$ 148	$ 0	$ 148

Organization and Significant Accounting Policies	6 Months Ended
Organization and Significant Accounting Policies	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Significant Accounting Policies	Organization and Significant Accounting Policies Organization Workiva Inc., a Delaware corporation, and its wholly-owned subsidiaries (the “Company” or “we” or “us”) simplifies complex work for thousands of organizations worldwide. We are a leading provider of cloud-based compliance and regulatory reporting solutions that are designed to solve business challenges at the intersection of data, process and people. Our operational headquarters are located in Ames, Iowa, with additional offices located in the United States, Europe, the Asia-Pacific region and Canada. Basis of Presentation and Principles of Consolidation The financial information presented in the accompanying unaudited condensed consolidated financial statements has been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in accordance with rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Accordingly, the financial statements do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The condensed consolidated balance sheet data as of December 31, 2021 was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting primarily of normal recurring accruals, necessary for a fair presentation of our financial position and results of operations. The operating results for the three and six months ended June 30, 2022 are not necessarily indicative of the results expected for the full year ending December 31, 2022. Seasonality has affected our revenue, expenses and cash flows from operations. Revenue from professional services has been higher in the first quarter as many of our customers file their Form 10-K in the first calendar quarter. Our sales and marketing expense also has some degree of seasonality. Sales and marketing expense has historically been higher in the third quarter due to our annual user conference in September. Our transition to a virtual event in September 2020 and September 2021 had mostly mitigated this trend, although we will sponsor a hybrid virtual and in-person event in 2022. In addition, the timing of the payments of cash bonuses to employees during the first and fourth calendar quarters may result in some seasonality in operating cash flow. The condensed consolidated financial information should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained in this report and the consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed with the SEC on February 22, 2022. The unaudited condensed consolidated financial statements include the accounts of Workiva Inc. and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. We base our estimates on historical experience and various other assumptions believed to be reasonable. These estimates include, but are not limited to, the allowance for doubtful accounts, the determination of the relative selling prices of our services, the measurement of material rights, health insurance claims incurred but not yet reported, valuation of available-for-sale marketable securities, useful lives of deferred contract costs, intangible assets and property and equipment, goodwill, income taxes, discount rates used in the valuation of right-of-use assets and lease liabilities, and certain assumptions used in the valuation of equity awards. While these estimates are based on our best knowledge of current events and actions that may affect us in the future, actual results may differ materially from these estimates. Recently Adopted Accounting Pronouncements In October 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which amends the accounting related to contract assets and liabilities acquired in business combinations. This ASU requires that entities recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606, Revenue from Contracts with Customers. This update is effective for fiscal years beginning after December 15, 2022 with early adoption permitted. We adopted this standard on January 1, 2022. The adoption of this standard did not have a material impact on our consolidated financial statements. In August 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity's Own Equity. Under ASU 2020-06, embedded conversion features are no longer separated from the host contract for convertible instruments with conversion features that are not required to be accounted for as derivatives, or that do not result in substantial premiums accounted for as paid-in capital. The convertible debt instruments will now be accounted for as a single liability measured at amortized cost. This results in the interest expense recognized for convertible debt instruments to be closer to the coupon interest rate. The new guidance also requires the if-converted method to be applied for all convertible instruments when calculating earnings per share. The new standard is effective for interim and annual periods beginning after December 15, 2021 and can be adopted on either a modified retrospective or full retrospective basis. We adopted this standard on January 1, 2022 using the modified retrospective method under which financial results reported in prior periods were not adjusted. Adoption of the new standard resulted in a decrease to accumulated deficit of $18.3 million, a decrease to additional paid-in capital of $58.6 million, and an increase to convertible senior notes, non-current of $40.3 million on the consolidated balance sheet. See Note 5 to the condensed consolidated financial statements for more information. New Accounting Pronouncements Not Yet Adopted None.

Supplemental Consolidated Balance Sheet Information

6 Months Ended

Jun. 30, 2022

Payables and Accruals [Abstract]

Supplemental Consolidated Balance Sheet Information

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):


	As of June 30, 2022		As of December 31, 2021
Accrued vacation	$	13,965	$	11,221
Accrued commissions	9,587		11,122
Accrued bonuses	10,875		8,292
Accrued payroll	3,779		4,494
Estimated health insurance claims	1,942		1,814
Accrued interest	1,455		1,455
ESPP employee contributions	5,586		5,349
Customer deposits	23,728		26,517
Operating lease liabilities	5,575		6,008
Accrued other liabilities	9,371		7,854
	$	85,863	$	84,126

Cash Equivalents and Marketable Securities

6 Months Ended

Jun. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Cash Equivalents and Marketable Securities

At June 30, 2022, cash equivalents and marketable securities consisted of the following (in thousands):


	Amortized Cost		Unrealized Gains		Unrealized Losses		Aggregate Fair Value
Money market funds	$	162,180	$	—	$	—	$	162,180
Commercial paper	10,492		—		—		10,492
U.S. treasury debt securities	53,886		6		(917)		52,975
Corporate debt securities	142,794		—		(2,033)		140,761
Foreign government debt securities	990		—		(6)		984
	$	370,342	$	6	$	(2,956)	$	367,392
Included in cash and cash equivalents	$	164,681	$	—	$	(1)	$	164,680
Included in marketable securities	$	205,661	$	6	$	(2,955)	$	202,712

At December 31, 2021, cash equivalents and marketable securities consisted of the following (in thousands):


	Amortized Cost		Unrealized Gains		Unrealized Losses		Aggregate Fair Value
Money market funds	$	259,754	$	—	$	—	$	259,754
Commercial paper	10,479		—		—		10,479
U.S. treasury debt securities	54,809		2		(206)		54,605
Corporate debt securities	161,792		3		(334)		161,461
Foreign government debt securities	5,014		1		—		5,015
	$	491,848	$	6	$	(540)	$	491,314
Included in cash and cash equivalents	$	261,254	$	—	$	—	$	261,254
Included in marketable securities	$	230,594	$	6	$	(540)	$	230,060

The contractual maturities of the investments classified as marketable securities are as follows (in thousands):


	As of June 30, 2022
Due within one year	$	129,022
Due in one to two years	72,068
Due in three to five years	1,622
	$	202,712

The following table presents gross unrealized losses and fair values for those cash equivalents and marketable securities that were in an unrealized loss position as of June 30, 2022, aggregated by investment category and the length of time that individual securities have been in a continuous loss position (in thousands):


	As of June 30, 2022
	Less than 12 months				12 months or greater
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. treasury debt securities	$	43,754	$	(881)	$	2,464	$	(36)
Corporate debt securities	135,340		(1,958)		4,171		(75)
Foreign government debt securities	984		(6)		—		—
Total	$	180,078	$	(2,845)	$	6,635	$	(111)

We do not believe the unrealized losses represent credit losses based on our evaluation of available evidence as of June 30, 2022, which includes an assessment of whether it is more likely than not we will be required to sell the investment before recovery of the investment's amortized cost basis.

Fair Value Measurements

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

We determine the fair values of our financial instruments based on the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value assumes that the transaction to sell the asset or transfer the liability occurs in the principal or most advantageous market for the asset or liability and establishes that the fair value of an asset or liability shall be determined based on the assumptions that market participants would use in pricing the asset or liability. The classification of a financial asset or liability within the hierarchy is based upon the lowest level input that is significant to the fair value measurement. The fair value hierarchy prioritizes the inputs into three levels that may be used to measure fair value:

Level 1 - Inputs are unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2 - Inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument.

Level 3 - Inputs are unobservable inputs based on our assumptions.

Financial Assets

Cash equivalents primarily consist of AAA-rated money market funds with overnight liquidity and no stated maturities. We classified cash equivalents as Level 1 due to the short-term nature of these instruments and measured the fair value based on quoted prices in active markets for identical assets.

When available, our marketable securities are valued using quoted prices for identical instruments in active markets. If we are unable to value our marketable securities using quoted prices for identical instruments in active markets, we value our investments using broker reports that utilize quoted market prices for comparable instruments. We validate, on a sample basis, the derived prices provided by the brokers by comparing their assessment of the fair values of our investments against the fair values of the portfolio balances of another third-party professional pricing service. As of June 30, 2022, all of our marketable securities were valued using quoted prices for comparable instruments in active markets and are classified as Level 2.

Based on our valuation of our money market funds and marketable securities, we concluded that they are classified in either Level 1 or Level 2, and we have no financial assets measured using Level 3 inputs on a recurring basis. The following table presents information about our assets that are measured at fair value on a recurring basis using the above input categories (in thousands):


	Fair Value Measurements as of June 30, 2022						Fair Value Measurements as of December 31, 2021
Description	Total		Level 1		Level 2		Total		Level 1		Level 2
Money market funds	$	162,180	$	162,180	$	—	$	259,754	$	259,754	$	—
Commercial paper	10,492		—		10,492		10,479		—		10,479
U.S. treasury debt securities	52,975		—		52,975		54,605		—		54,605
Corporate debt securities	140,761		—		140,761		161,461		—		161,461
Foreign government debt securities	984		—		984		5,015		—		5,015
	$	367,392	$	162,180	$	205,212	$	491,314	$	259,754	$	231,560

Included in cash and cash equivalents	$	164,680					$	261,254
Included in marketable securities	$	202,712					$	230,060

We completed an acquisition on April 1, 2022. The values of the net assets acquired and any resulting goodwill were recorded at fair value using Level 3 inputs. The majority of the related current assets acquired and liabilities assumed were recorded at their carrying values as of the date of acquisition, as their carrying values approximated their fair values due to their short-term nature. The fair values of goodwill and definite-lived intangible assets acquired in the acquisition were externally estimated primarily based on the income approach. The income approach estimates fair value based on the present value of the cash flows that the assets are expected to generate in the future. We developed internal estimates for the expected cash flows and discount rates used in the present value calculations.

Convertible Senior Notes

As of June 30, 2022, the fair value of our convertible senior notes was $373.2 million. The fair value was determined based on the quoted price of the convertible senior notes in an over-the-counter market on the last trading day of the reporting period and has been classified as Level 2 in the fair value hierarchy. See Note 5 to the condensed consolidated financial statements for more information.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Convertible Senior Notes

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Convertible Senior Notes

In August 2019, we issued $345.0 million aggregate principal amount of 1.125% convertible senior notes due 2026 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, including the exercise in full by the initial purchasers of their option to purchase an additional $45.0 million principal amount (the “Notes”). The Notes were issued pursuant to an indenture and are senior, unsecured obligations of the Company. The Notes bear interest at a fixed rate of 1.125% per annum, payable semi-annually in arrears on February 15 and August 15 of each year, commencing on February 15, 2020. Proceeds from the issuance of the Notes totaled $335.9 million, net of initial purchaser discounts and issuance costs.

The initial conversion rate is 12.4756 shares of our common stock per $1,000 principal amount of Notes, which is equivalent to an initial conversion price of approximately $80.16 per share, subject to adjustment upon the occurrence of specified events.

Holders of the Notes may convert all or a portion of their Notes prior to the close of business on May 15, 2026, in multiples of $1,000 principal amount, only under the following circumstances:

•during any calendar quarter commencing after the calendar quarter ending on September 30, 2019 (and only during such calendar quarter), if the last reported sale price of our Class A common stock, par value $0.001 per share (which we refer to in this offering memorandum as our “Class A common stock”), for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day;

•during the five consecutive business day period immediately following any ten consecutive trading day period (the “measurement period”) in which the trading price (as defined below) per $1,000 principal amount of Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of our Class A common stock and the conversion rate on each such trading day;

•if we call any or all of the Notes for redemption, at any time prior to the close of business on the scheduled trading day immediately preceding the redemption date; or

•upon the occurrence of certain specified corporate events as set forth in the indenture.

On or after May 16, 2026, holders of the Notes may convert their Notes at any time until the close of business on the second scheduled trading day immediately preceding the maturity date of the Notes.

Upon conversion, we will pay or deliver, as the case may be, cash, shares of our Class A common stock or a combination of cash and shares of our Class A common stock, at our election, in the manner and subject to the terms and conditions provided in the indenture. It is our current intent to settle conversions through a combination settlement of cash and shares of our Class A common stock.

The Company may redeem for cash all or any portion of the Notes, at its option, on or after August 21, 2023, if the last reported sale price of the Company’s common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus any accrued and unpaid interest to, but excluding, the redemption date.

During the second quarter of 2022 none of the conversion conditions were met and therefore the Notes are not convertible at the option of the holders. As a result, the Notes were classified as non-current liabilities on the condensed consolidated balance sheet as of June 30, 2022.

As discussed in Note 1, we adopted ASU 2020‑06 on January 1, 2022 and the Notes are now accounted for as a single liability measured at amortized cost. Upon adoption, interest expense representing the amortization of the issuance costs as well as contractual interest expense is amortized to interest expense at an effective interest rate of 1.5% over the term of the notes. Prior to the adoption of ASU 2020-06, interest expense representing the amortization of the debt discount and issuance costs as well as contractual interest expense was amortized to interest expense at an effective interest rate of 4.3%. As of June 30, 2022 the if-converted value of the Notes was less than the principal amount by $61.0 million.

As of June 30, 2022, the remaining life of the Notes is approximately 4.2 years.

The net carrying amount of the liability and equity components of the Notes was as follows (in thousands):


	June 30, 2022		December 31, 2021
Liability component:
Principal	$	345,000	$	345,000
Unamortized discount	—		(41,193)
Unamortized issuance costs	(5,392)		(5,146)
Net carrying amount	$	339,608	$	298,661

Equity component, net of purchase discounts and issuance costs	$	—	$	58,560

Interest expense related to the Notes is as follows (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Contractual interest expense	$	970	$	970	$	1,940	$	1,941
Amortization of debt discount	—		2,031		—		4,046
Amortization of issuance costs	324		253		648		504
Total interest expense	$	1,294	$	3,254	$	2,588	$	6,491

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation From time to time we may become involved in legal proceedings or be subject to claims arising in the ordinary course of our business. We evaluate the development of legal matters on a regular basis and accrue a liability when we believe a loss is probable and the amount can be reasonably estimated. Although the results of litigation and claims cannot be predicted with certainty, we currently believe that the final outcome of any currently pending legal proceedings to which we are a party will not have a material adverse effect on our business, operating results, financial condition or cash flows. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors.

Stock-Based Compensation

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

We grant stock-based incentive awards to attract, motivate and retain qualified employees, non-employee directors and consultants, and to align their financial interests with those of our stockholders. We utilize stock-based compensation in the form of restricted stock units, performance restricted stock units, options to purchase Class A common stock and Employee Stock Purchase Plan ("ESPP") purchase rights. Prior to our corporate conversion in December 2014, awards were provided under the 2009 Unit Incentive Plan (“the 2009 Plan”). The 2009 Plan was amended to provide that no further awards will be issued thereunder, and our board of directors and stockholders adopted and approved our 2014 Equity Incentive Plan (“the 2014 Plan” and, together with the 2009 Plan, “the Plans”).

As of June 30, 2022, awards outstanding under the 2009 Plan consisted of stock options, and awards outstanding under the 2014 Plan consisted of stock options, restricted stock units and performance restricted stock units.

On June 1, 2022, stockholders approved an amendment to the 2014 Plan that increased the number of shares available for grant by 3,000,000. As of June 30, 2022, 3,439,319 shares of Class A common stock were available for grant under the 2014 Plan.

Stock-Based Compensation Expense

Stock-based compensation expense was recorded in the following cost and expense categories consistent with the respective employee or service provider’s related cash compensation (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Cost of revenue
Subscription and support	$	912	$	597	$	1,702	$	1,093
Professional services	593		409		1,045		776
Operating expenses
Research and development	3,148		2,417		5,873		4,848
Sales and marketing	5,646		2,837		9,731		6,386
General and administrative	8,148		4,792		15,405		9,572
Total	$	18,447	$	11,052	$	33,756	$	22,675

Stock Options

The following table summarizes the option activity under the Plans for the six months ended June 30, 2022:


	Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)

Outstanding at December 31, 2021	1,755,180	$	14.42	4.0
Granted	—	—
Forfeited	(1,187)	14.97
Expired	(2,970)	3.92
Exercised	(138,404)	14.23
Outstanding at June 30, 2022	1,612,619	$	14.46	3.6

Exercisable at June 30, 2022	1,612,619	$	14.46	3.6

Restricted Stock Units

The following table summarizes the restricted stock unit activity under the Plans for the six months ended June 30, 2022:


	Number of Shares	Weighted- Average Grant Date Fair Value

Unvested at December 31, 2021	1,891,699	$	73.04
Granted	829,345	113.75
Forfeited	(58,869)	88.73
Vested(1)	(684,893)	57.05
Unvested at June 30, 2022	1,977,282	$	95.26

(1) During the six months ended June 30, 2022, in accordance with our Nonqualified Deferred Compensation Plan, recipients of 18,491 shares had elected to defer settlement of the vested restricted stock units and 22,006 shares were released from deferral.

During the first quarter of 2022, performance restricted stock units (“PSUs”) were granted for the first time to our executives under the 2014 Plan. The fair value of a PSU is determined using the closing price of our common stock on the grant date. Each PSU grant vests in annual tranches over a three-year service period. Total units earned for grants made in 2022 may vary between 0% and 200% of the units granted based on the attainment of company-specific performance targets during the related three-year period and upon continued service. Stock-based compensation expense for PSUs is recognized on a graded-vesting basis if it is probable that the performance conditions will be achieved. Adjustments to compensation expense are made each period based on changes in our estimate of the number of PSUs that are probable of vesting. PSUs will vest with continued service and upon achievement of the relevant performance targets.

The recipient of a restricted stock unit award under the 2014 Plan will have no rights as a stockholder until share certificates are issued by us. At the Annual Meeting of Stockholders on June 1, 2022, our stockholders approved the amendment and restatement of the Workiva Inc. Amended and Restated 2014 Equity Incentive Plan which prohibits payment of dividends or dividend equivalents on full-value awards prior to the vesting of such award. Additionally, until the shares are issued, they have no voting rights and may not be bought or sold.

Employee Stock Purchase Plan

During the six months ended June 30, 2022, 52,546 shares of common stock were purchased under the ESPP at a weighted-average price of $99.30 per share, resulting in cash proceeds of $5.2 million.

Compensation expense associated with ESPP purchase rights is recognized on a straight-line basis over the vesting period. At June 30, 2022, there was approximately $0.2 million of total unrecognized compensation expense related to the ESPP, which is expected to be recognized over a weighted-average period of 14 days.

Revenue Recognition

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Disaggregation of Revenue

The following table presents our revenues disaggregated by industry (in thousands).


	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Industrials	$	19,018	$	14,504	$	37,588	$	28,381
Diversified financials	17,265		13,883		34,392		27,162
Information technology	15,498		11,046		30,135		21,709
Banks	13,087		11,502		26,072		23,112
Consumer discretionary	12,628		9,824		24,846		19,355
Healthcare	11,832		9,524		23,457		18,581
Insurance	7,745		6,252		15,522		12,836
Real estate	5,928		4,911		12,004		10,250
Energy	5,846		5,161		11,592		10,445
Utilities	5,457		4,978		11,417		9,806
Materials	5,159		4,397		10,833		9,243
Other	12,086		9,605		23,365		18,929
Total revenues	$	131,549	$	105,587	$	261,223	$	209,809

Revenues by industry are derived from leading software providers. In the fourth quarter of 2021 we refined our policy surrounding customer industry categorization and accordingly the prior year amounts have been updated to reflect these refinements.

The following table presents our revenues disaggregated by type of good or service (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Subscription and support	$	113,353	$	91,205	$	220,473	$	176,141
XBRL professional services	13,517		10,069		31,210		24,555
Other services	4,679		4,313		9,540		9,113
Total revenues	$	131,549	$	105,587	$	261,223	$	209,809

Deferred Revenue

We recognized $106.9 million and $84.2 million of revenue during the three months ended June 30, 2022 and 2021, respectively, that was included in the deferred revenue balances at the beginning of the respective periods. We recognized $188.6 million and $145.6 million of revenue during the six months ended June 30, 2022 and 2021, respectively, that was included in the deferred revenue balances at the beginning of the respective periods.

Transaction Price Allocated to the Remaining Performance Obligations

As of June 30, 2022, we expect revenue of approximately $628.2 million to be recognized from remaining performance obligations for subscription contracts. We expect to recognize approximately $361.0 million of these remaining performance obligations over the next 12 months with the balance substantially recognized in the 24 months thereafter.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI https://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

+ Details

Net Loss Per Share

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Net Loss Per Share

Basic net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by giving effect to all potential shares of common stock, including convertible senior notes, outstanding stock options, stock related to unvested restricted stock units, and common stock issuable pursuant to the ESPP to the extent dilutive. Basic and diluted net loss per share was the same for each period presented, as the inclusion of all potential common shares outstanding would have been anti-dilutive.

The net loss per share is allocated based on the participation rights of the Class A and Class B common shares as if the loss for the year has been distributed. As the liquidation and dividend rights are identical, the net loss is allocated on a proportionate basis.

At the Annual Meeting of Stockholders on June 1, 2022, our stockholders approved the amendment and restatement of the Workiva Inc. Amended and Restated 2014 Equity Incentive Plan which prohibits payment of dividends or dividend equivalents on full-value awards prior to the vesting of such award. As such, we no longer consider unvested restricted stock granted under the 2014 Equity Incentive Plan to be participating securities.

A reconciliation of the denominator used in the calculation of basic and diluted loss per share is as follows (in thousands, except share and per share data):


	Three months ended
	June 30, 2022				June 30, 2021
	Class A		Class B		Class A		Class B
Numerator
Net loss	$	(26,736)	$	(2,125)	$	(8,069)	$	(1,445)

Denominator
Weighted-average common shares outstanding - basic and diluted	48,959,887		3,890,583		43,310,488		7,755,379
Basic and diluted net loss per share	$	(0.55)	$	(0.55)	$	(0.19)	$	(0.19)


	Six months ended
	June 30, 2022				June 30, 2021
	Class A		Class B		Class A		Class B
Numerator
Net loss	$	(43,802)	$	(3,552)	$	(14,223)	$	(2,615)

Denominator
Weighted-average common shares outstanding - basic and diluted	48,768,827		3,955,224		42,790,278		7,866,986
Basic and diluted net loss per share	$	(0.90)	$	(0.90)	$	(0.33)	$	(0.33)

The anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share were as follows:


	As of
	June 30, 2022	June 30, 2021
Shares subject to outstanding common stock options	1,612,619	2,469,541
Shares subject to unvested restricted stock units	1,977,282	1,939,963
Shares issuable pursuant to the ESPP	60,892	57,485

In addition, as of June 30, 2022 and June 30, 2021 approximately 4.3 million shares of our Class A common stock underlying our Convertible Senior Notes were excluded from the weighted-average shares used to calculate the diluted net loss per common share as they are considered anti-dilutive. Upon adoption of ASU 2020-06 on January 1, 2022, we use the if-converted method for calculating any potential dilutive effect of the Notes on diluted net income per share, if applicable. Prior to adoption of ASU 2020-06 we used the treasury stock method.

Acquisitions

6 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Acquisitions

On April 1, 2022, we acquired all of the issued and outstanding equity interests in Denmark-based ParsePort ApS (“ParsePort”), a leading solution provider for the European Single Electronic Format (“ESEF”) financial reporting mandate, which complements Workiva's cloud platform, for $99.2 million net of cash acquired of $1.6 million.

The purchase price has been preliminarily allocated to the assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition. The fair values of assets acquired and liabilities assumed may change over the measurement period as additional information is received. The primary area subject to change includes our review of the valuation of intangible assets. We expect to finalize the valuation as soon as practicable, but not later than one year from the acquisition date. The excess of the purchase price over the fair value of the net assets acquired was allocated to goodwill. The goodwill recognized was primarily attributable to the assembled workforce, operational synergies, and strategic benefits that are expected to be achieved and is not deductible for income tax purposes.

The following table presents a preliminary allocation of the purchase price to the assets acquired and liabilities assumed at the date of acquisition (in thousands):


Cash consideration	$	100,744
Total consideration	$	100,744

Cash	$	1,558
Accounts receivable, net	1,403
Intangible assets	23,300
Goodwill	78,925
Other assets	440
Accounts payable	(29)
Accrued liabilities	(1,444)
Deferred revenue	(3,299)
Other liabilities	(110)
Fair value of assets and liabilities	$	100,744

We incurred costs related to the acquisition of approximately $0.6 million during the six months ended June 30, 2022. Substantially all acquisition related costs were expensed as incurred and have been recorded in general and administrative expenses in our condensed consolidated statements of operations.

The amount of revenues and net loss from the acquisition included in our condensed consolidated statements of operations for the three and six months ended June 30, 2022 were insignificant.

Intangible Assets and Goodwill

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

The following table presents the components of net intangible assets (in thousands):


	As of June 30, 2022							As of December 31, 2021
	Weighted Average Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired technology	4.5	$	15,281	$	(2,059)	$	13,222	$	7,920	$	(701)	$	7,219
Acquired customer-related	10.0	14,421		(395)		14,026		360		(14)		346
Acquired trade names	2.8	2,045		(419)		1,626		1,478		(21)		1,457
Patents	10	2,786		(1,498)		1,288		2,740		(1,328)		1,412
Total	7.1	$	34,533	$	(4,371)	$	30,162	$	12,498	$	(2,064)	$	10,434

Amortization expense related to intangible assets was $1.5 million and $0.1 million for the three months ended June 30, 2022 and 2021, respectively, and $2.3 million and $0.2 million for the six months ended June 30, 2022 and 2021, respectively.

As of June 30, 2022, expected remaining amortization expense of intangible assets by fiscal year is as follows (in thousands):


Remainder of 2022	$	3,000
2023	5,961
2024	5,199
2025	4,469
2026	3,159
2027	1,955
Thereafter	6,419
Total expected amortization expense	$	30,162

The changes in the carrying amount of goodwill were as follows (in thousands):


December 31, 2021	$	34,556
Acquisition	78,925
Foreign currency translation adjustments	(4,441)
June 30, 2022	$	109,040

Organization and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The financial information presented in the accompanying unaudited condensed consolidated financial statements has been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in accordance with rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Accordingly, the financial statements do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The condensed consolidated balance sheet data as of December 31, 2021 was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting primarily of normal recurring accruals, necessary for a fair presentation of our financial position and results of operations. The operating results for the three and six months ended June 30, 2022 are not necessarily indicative of the results expected for the full year ending December 31, 2022.
Principles of Consolidation	All intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. We base our estimates on historical experience and various other assumptions believed to be reasonable. These estimates include, but are not limited to, the allowance for doubtful accounts, the determination of the relative selling prices of our services, the measurement of material rights, health insurance claims incurred but not yet reported, valuation of available-for-sale marketable securities, useful lives of deferred contract costs, intangible assets and property and equipment, goodwill, income taxes, discount rates used in the valuation of right-of-use assets and lease liabilities, and certain assumptions used in the valuation of equity awards. While these estimates are based on our best knowledge of current events and actions that may affect us in the future, actual results may differ materially from these estimates.
Recently Adopted Accounting Pronouncements and New Accounting Pronouncements Not Yet Adopted	In October 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which amends the accounting related to contract assets and liabilities acquired in business combinations. This ASU requires that entities recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606, Revenue from Contracts with Customers. This update is effective for fiscal years beginning after December 15, 2022 with early adoption permitted. We adopted this standard on January 1, 2022. The adoption of this standard did not have a material impact on our consolidated financial statements. In August 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity's Own Equity. Under ASU 2020-06, embedded conversion features are no longer separated from the host contract for convertible instruments with conversion features that are not required to be accounted for as derivatives, or that do not result in substantial premiums accounted for as paid-in capital. The convertible debt instruments will now be accounted for as a single liability measured at amortized cost. This results in the interest expense recognized for convertible debt instruments to be closer to the coupon interest rate. The new guidance also requires the if-converted method to be applied for all convertible instruments when calculating earnings per share. The new standard is effective for interim and annual periods beginning after December 15, 2021 and can be adopted on either a modified retrospective or full retrospective basis. We adopted this standard on January 1, 2022 using the modified retrospective method under which financial results reported in prior periods were not adjusted. Adoption of the new standard resulted in a decrease to accumulated deficit of $18.3 million, a decrease to additional paid-in capital of $58.6 million, and an increase to convertible senior notes, non-current of $40.3 million on the consolidated balance sheet.None.
Fair Value of Financial Instruments	Cash equivalents primarily consist of AAA-rated money market funds with overnight liquidity and no stated maturities. We classified cash equivalents as Level 1 due to the short-term nature of these instruments and measured the fair value based on quoted prices in active markets for identical assets. When available, our marketable securities are valued using quoted prices for identical instruments in active markets. If we are unable to value our marketable securities using quoted prices for identical instruments in active markets, we value our investments using broker reports that utilize quoted market prices for comparable instruments. We validate, on a sample basis, the derived prices provided by the brokers by comparing their assessment of the fair values of our investments against the fair values of the portfolio balances of another third-party professional pricing service.

Supplemental Consolidated Balance Sheet Information (Tables)

6 Months Ended

Jun. 30, 2022

Payables and Accruals [Abstract]

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):


	As of June 30, 2022		As of December 31, 2021
Accrued vacation	$	13,965	$	11,221
Accrued commissions	9,587		11,122
Accrued bonuses	10,875		8,292
Accrued payroll	3,779		4,494
Estimated health insurance claims	1,942		1,814
Accrued interest	1,455		1,455
ESPP employee contributions	5,586		5,349
Customer deposits	23,728		26,517
Operating lease liabilities	5,575		6,008
Accrued other liabilities	9,371		7,854
	$	85,863	$	84,126

Cash Equivalents and Marketable Securities (Tables)

6 Months Ended

Jun. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of Marketable Securities

At June 30, 2022, cash equivalents and marketable securities consisted of the following (in thousands):


	Amortized Cost		Unrealized Gains		Unrealized Losses		Aggregate Fair Value
Money market funds	$	162,180	$	—	$	—	$	162,180
Commercial paper	10,492		—		—		10,492
U.S. treasury debt securities	53,886		6		(917)		52,975
Corporate debt securities	142,794		—		(2,033)		140,761
Foreign government debt securities	990		—		(6)		984
	$	370,342	$	6	$	(2,956)	$	367,392
Included in cash and cash equivalents	$	164,681	$	—	$	(1)	$	164,680
Included in marketable securities	$	205,661	$	6	$	(2,955)	$	202,712

At December 31, 2021, cash equivalents and marketable securities consisted of the following (in thousands):


	Amortized Cost		Unrealized Gains		Unrealized Losses		Aggregate Fair Value
Money market funds	$	259,754	$	—	$	—	$	259,754
Commercial paper	10,479		—		—		10,479
U.S. treasury debt securities	54,809		2		(206)		54,605
Corporate debt securities	161,792		3		(334)		161,461
Foreign government debt securities	5,014		1		—		5,015
	$	491,848	$	6	$	(540)	$	491,314
Included in cash and cash equivalents	$	261,254	$	—	$	—	$	261,254
Included in marketable securities	$	230,594	$	6	$	(540)	$	230,060

Schedule of Cash and Cash Equivalents

At June 30, 2022, cash equivalents and marketable securities consisted of the following (in thousands):


	Amortized Cost		Unrealized Gains		Unrealized Losses		Aggregate Fair Value
Money market funds	$	162,180	$	—	$	—	$	162,180
Commercial paper	10,492		—		—		10,492
U.S. treasury debt securities	53,886		6		(917)		52,975
Corporate debt securities	142,794		—		(2,033)		140,761
Foreign government debt securities	990		—		(6)		984
	$	370,342	$	6	$	(2,956)	$	367,392
Included in cash and cash equivalents	$	164,681	$	—	$	(1)	$	164,680
Included in marketable securities	$	205,661	$	6	$	(2,955)	$	202,712

At December 31, 2021, cash equivalents and marketable securities consisted of the following (in thousands):


	Amortized Cost		Unrealized Gains		Unrealized Losses		Aggregate Fair Value
Money market funds	$	259,754	$	—	$	—	$	259,754
Commercial paper	10,479		—		—		10,479
U.S. treasury debt securities	54,809		2		(206)		54,605
Corporate debt securities	161,792		3		(334)		161,461
Foreign government debt securities	5,014		1		—		5,015
	$	491,848	$	6	$	(540)	$	491,314
Included in cash and cash equivalents	$	261,254	$	—	$	—	$	261,254
Included in marketable securities	$	230,594	$	6	$	(540)	$	230,060

Schedule of Investments Classified by Contractual Maturity Date

The contractual maturities of the investments classified as marketable securities are as follows (in thousands):


	As of June 30, 2022
Due within one year	$	129,022
Due in one to two years	72,068
Due in three to five years	1,622
	$	202,712

Schedule of Available-for-sale Securities, Continuous Unrealized Loss Position


	As of June 30, 2022
	Less than 12 months				12 months or greater
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. treasury debt securities	$	43,754	$	(881)	$	2,464	$	(36)
Corporate debt securities	135,340		(1,958)		4,171		(75)
Foreign government debt securities	984		(6)		—		—
Total	$	180,078	$	(2,845)	$	6,635	$	(111)

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Assets Measured on Recurring Basis

The following table presents information about our assets that are measured at fair value on a recurring basis using the above input categories (in thousands):


	Fair Value Measurements as of June 30, 2022						Fair Value Measurements as of December 31, 2021
Description	Total		Level 1		Level 2		Total		Level 1		Level 2
Money market funds	$	162,180	$	162,180	$	—	$	259,754	$	259,754	$	—
Commercial paper	10,492		—		10,492		10,479		—		10,479
U.S. treasury debt securities	52,975		—		52,975		54,605		—		54,605
Corporate debt securities	140,761		—		140,761		161,461		—		161,461
Foreign government debt securities	984		—		984		5,015		—		5,015
	$	367,392	$	162,180	$	205,212	$	491,314	$	259,754	$	231,560

Included in cash and cash equivalents	$	164,680					$	261,254
Included in marketable securities	$	202,712					$	230,060

Convertible Senior Notes (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Convertible Debt

The net carrying amount of the liability and equity components of the Notes was as follows (in thousands):


	June 30, 2022		December 31, 2021
Liability component:
Principal	$	345,000	$	345,000
Unamortized discount	—		(41,193)
Unamortized issuance costs	(5,392)		(5,146)
Net carrying amount	$	339,608	$	298,661

Equity component, net of purchase discounts and issuance costs	$	—	$	58,560

Interest expense related to the Notes is as follows (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Contractual interest expense	$	970	$	970	$	1,940	$	1,941
Amortization of debt discount	—		2,031		—		4,046
Amortization of issuance costs	324		253		648		504
Total interest expense	$	1,294	$	3,254	$	2,588	$	6,491

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense

Stock-based compensation expense was recorded in the following cost and expense categories consistent with the respective employee or service provider’s related cash compensation (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Cost of revenue
Subscription and support	$	912	$	597	$	1,702	$	1,093
Professional services	593		409		1,045		776
Operating expenses
Research and development	3,148		2,417		5,873		4,848
Sales and marketing	5,646		2,837		9,731		6,386
General and administrative	8,148		4,792		15,405		9,572
Total	$	18,447	$	11,052	$	33,756	$	22,675

Schedule of Stock-Option Activity

The following table summarizes the option activity under the Plans for the six months ended June 30, 2022:


	Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)

Outstanding at December 31, 2021	1,755,180	$	14.42	4.0
Granted	—	—
Forfeited	(1,187)	14.97
Expired	(2,970)	3.92
Exercised	(138,404)	14.23
Outstanding at June 30, 2022	1,612,619	$	14.46	3.6

Exercisable at June 30, 2022	1,612,619	$	14.46	3.6

Summary of Restricted Stock Units

The following table summarizes the restricted stock unit activity under the Plans for the six months ended June 30, 2022:


	Number of Shares	Weighted- Average Grant Date Fair Value

Unvested at December 31, 2021	1,891,699	$	73.04
Granted	829,345	113.75
Forfeited	(58,869)	88.73
Vested(1)	(684,893)	57.05
Unvested at June 30, 2022	1,977,282	$	95.26

Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table presents our revenues disaggregated by industry (in thousands).


	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Industrials	$	19,018	$	14,504	$	37,588	$	28,381
Diversified financials	17,265		13,883		34,392		27,162
Information technology	15,498		11,046		30,135		21,709
Banks	13,087		11,502		26,072		23,112
Consumer discretionary	12,628		9,824		24,846		19,355
Healthcare	11,832		9,524		23,457		18,581
Insurance	7,745		6,252		15,522		12,836
Real estate	5,928		4,911		12,004		10,250
Energy	5,846		5,161		11,592		10,445
Utilities	5,457		4,978		11,417		9,806
Materials	5,159		4,397		10,833		9,243
Other	12,086		9,605		23,365		18,929
Total revenues	$	131,549	$	105,587	$	261,223	$	209,809

The following table presents our revenues disaggregated by type of good or service (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Subscription and support	$	113,353	$	91,205	$	220,473	$	176,141
XBRL professional services	13,517		10,069		31,210		24,555
Other services	4,679		4,313		9,540		9,113
Total revenues	$	131,549	$	105,587	$	261,223	$	209,809

Net Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

A reconciliation of the denominator used in the calculation of basic and diluted loss per share is as follows (in thousands, except share and per share data):


	Three months ended
	June 30, 2022				June 30, 2021
	Class A		Class B		Class A		Class B
Numerator
Net loss	$	(26,736)	$	(2,125)	$	(8,069)	$	(1,445)

Denominator
Weighted-average common shares outstanding - basic and diluted	48,959,887		3,890,583		43,310,488		7,755,379
Basic and diluted net loss per share	$	(0.55)	$	(0.55)	$	(0.19)	$	(0.19)


	Six months ended
	June 30, 2022				June 30, 2021
	Class A		Class B		Class A		Class B
Numerator
Net loss	$	(43,802)	$	(3,552)	$	(14,223)	$	(2,615)

Denominator
Weighted-average common shares outstanding - basic and diluted	48,768,827		3,955,224		42,790,278		7,866,986
Basic and diluted net loss per share	$	(0.90)	$	(0.90)	$	(0.33)	$	(0.33)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net loss per common share were as follows:


	As of
	June 30, 2022	June 30, 2021
Shares subject to outstanding common stock options	1,612,619	2,469,541
Shares subject to unvested restricted stock units	1,977,282	1,939,963
Shares issuable pursuant to the ESPP	60,892	57,485

Acquisitions (Tables)

6 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Assets Acquired and Liabilities Assumed

The following table presents a preliminary allocation of the purchase price to the assets acquired and liabilities assumed at the date of acquisition (in thousands):


Cash consideration	$	100,744
Total consideration	$	100,744

Cash	$	1,558
Accounts receivable, net	1,403
Intangible assets	23,300
Goodwill	78,925
Other assets	440
Accounts payable	(29)
Accrued liabilities	(1,444)
Deferred revenue	(3,299)
Other liabilities	(110)
Fair value of assets and liabilities	$	100,744

Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets

The following table presents the components of net intangible assets (in thousands):


	As of June 30, 2022							As of December 31, 2021
	Weighted Average Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired technology	4.5	$	15,281	$	(2,059)	$	13,222	$	7,920	$	(701)	$	7,219
Acquired customer-related	10.0	14,421		(395)		14,026		360		(14)		346
Acquired trade names	2.8	2,045		(419)		1,626		1,478		(21)		1,457
Patents	10	2,786		(1,498)		1,288		2,740		(1,328)		1,412
Total	7.1	$	34,533	$	(4,371)	$	30,162	$	12,498	$	(2,064)	$	10,434

Schedule of Expected Amortization Expense of Intangible Assets

As of June 30, 2022, expected remaining amortization expense of intangible assets by fiscal year is as follows (in thousands):


Remainder of 2022	$	3,000
2023	5,961
2024	5,199
2025	4,469
2026	3,159
2027	1,955
Thereafter	6,419
Total expected amortization expense	$	30,162

Schedule in the Changes in the Carrying Amount of Goodwill

The changes in the carrying amount of goodwill were as follows (in thousands):


December 31, 2021	$	34,556
Acquisition	78,925
Foreign currency translation adjustments	(4,441)
June 30, 2022	$	109,040

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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+ Details

Organization and Significant Accounting Policies (Details) - USD ($) $ in Thousands		12 Months Ended
	Jan. 01, 2022	Dec. 31, 2021	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2020-06 [Member]	Accounting Standards Update 2020-06 [Member]
Increase (decrease) in stockholders' equity		$ 72,979	$ 7,854	$ 25,193	$ 72,066	$ 69,756	$ 64,277
Convertible senior notes, non-current		0	339,608
Accumulated Deficit
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) in stockholders' equity		(452,430)	(481,523)	(452,662)	(431,538)	(422,024)	(414,700)
Additional Paid-in-Capital
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) in stockholders' equity		525,646	$ 498,115	$ 479,867	$ 503,350	$ 491,549	$ 478,698
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) in stockholders' equity		(40,299)
Convertible senior notes, non-current	$ 40,300
Cumulative Effect, Period of Adoption, Adjustment \| Accumulated Deficit
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) in stockholders' equity	18,300	18,261
Cumulative Effect, Period of Adoption, Adjustment \| Additional Paid-in-Capital
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) in stockholders' equity	$ (58,600)	$ (58,560)

- Definition

Indicates amendment to accounting standards.

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+ Details

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References

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+ Details

Supplemental Consolidated Balance Sheet Information - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accrued Liabilities and Other Liabilities [Abstract]
Accrued vacation	$ 13,965	$ 11,221
Accrued commissions	9,587	11,122
Accrued bonuses	10,875	8,292
Accrued payroll	3,779	4,494
Estimated health insurance claims	1,942	1,814
Accrued interest	1,455	1,455
ESPP employee contributions	5,586	5,349
Customer deposits	23,728	26,517
Operating lease liabilities	5,575	6,008
Accrued other liabilities	9,371	7,854
Accrued expenses and other current liabilities	$ 85,863	$ 84,126

Cash Equivalents and Marketable Securities - Schedule of Marketable Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Cash and Cash Equivalents [Line Items]
Amortized Cost	$ 226,253	$ 300,386
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	205,661	230,594
Cash and cash equivalents and available-for-sale securities, amortized cost	370,342	491,848
Unrealized Gains	6	6
Unrealized Losses	(2,955)	(540)
Cash and cash equivalents and available-for-sale securities, unrealized Losses	(2,956)
Aggregate Fair Value	202,712	230,060
Cash and cash equivalents and available-for-sale securities	367,392	491,314
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	10,492	10,479
Unrealized Gains	0	0
Unrealized Losses	0	0
Aggregate Fair Value	10,492	10,479
U.S. treasury debt securities
Debt Securities, Available-for-sale [Line Items]
Cash and cash equivalents and available-for-sale securities, amortized cost	53,886	54,809
Unrealized Gains	6	2
Unrealized Losses		(206)
Cash and cash equivalents and available-for-sale securities, unrealized Losses	(917)
Cash and cash equivalents and available-for-sale securities	52,975	54,605
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	142,794	161,792
Unrealized Gains	0	3
Unrealized Losses	(2,033)	(334)
Aggregate Fair Value	140,761	161,461
Foreign government debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	990	5,014
Unrealized Gains	0	1
Unrealized Losses	(6)	0
Aggregate Fair Value	984	5,015
Money market funds
Cash and Cash Equivalents [Line Items]
Amortized Cost	162,180	259,754
Aggregate Fair Value	162,180	259,754
Cash Equivalents
Cash and Cash Equivalents [Line Items]
Amortized Cost	164,681	261,254
Unrealized Losses	(1)
Aggregate Fair Value	$ 164,680	$ 261,254

Cash Equivalents and Marketable Securities - Schedule of Contractual Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Due within one year	$ 129,022
Due in one to two years	72,068
Due in three to five years	1,622
Marketable securities	$ 202,712	$ 230,060

Cash Equivalents and Marketable Securities - Continuous Unrealized Loss Position (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Fair Value
Less than 12 months	$ 180,078
12 months or greater	6,635
Unrealized Loss
Less than 12 months	(2,845)
12 months or greater	(111)
U.S. treasury debt securities
Fair Value
Less than 12 months	43,754
12 months or greater	2,464
Unrealized Loss
Less than 12 months	(881)
12 months or greater	(36)
Corporate debt securities
Fair Value
Less than 12 months	135,340
12 months or greater	4,171
Unrealized Loss
Less than 12 months	(1,958)
12 months or greater	(75)
Foreign government debt securities
Fair Value
Less than 12 months	984
12 months or greater	0
Unrealized Loss
Less than 12 months	(6)
12 months or greater	$ 0

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	$ 202,712	$ 230,060
Cash and cash equivalents and available-for-sale securities	367,392	491,314
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	10,492	10,479
U.S. treasury debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents and available-for-sale securities	52,975	54,605
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	140,761	161,461
Foreign government debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	984	5,015
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents - money market funds	162,180	259,754
Cash Equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents - money market funds	164,680	261,254
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of convertible debt	373,200
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	202,712	230,060
Total assets measured at fair value	367,392	491,314
Recurring \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	10,492	10,479
Recurring \| U.S. treasury debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents and available-for-sale securities	52,975	54,605
Recurring \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	140,761	161,461
Recurring \| Foreign government debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	984	5,015
Recurring \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents - money market funds	162,180	259,754
Recurring \| Cash Equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents - money market funds	164,680	261,254
Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	162,180	259,754
Recurring \| Level 1 \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Recurring \| Level 1 \| U.S. treasury debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents and available-for-sale securities	0	0
Recurring \| Level 1 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Recurring \| Level 1 \| Foreign government debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Recurring \| Level 1 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents - money market funds	162,180	259,754
Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	205,212	231,560
Recurring \| Level 2 \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	10,492	10,479
Recurring \| Level 2 \| U.S. treasury debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents and available-for-sale securities	52,975	54,605
Recurring \| Level 2 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	140,761	161,461
Recurring \| Level 2 \| Foreign government debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	984	5,015
Recurring \| Level 2 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents - money market funds	$ 0	$ 0

Convertible Senior Notes (Details)	1 Months Ended	6 Months Ended
Convertible Senior Notes (Details)	Aug. 31, 2019 USD ($) day $ / shares	Jun. 30, 2022 USD ($) $ / shares	Jan. 01, 2022	Dec. 31, 2021 $ / shares
Class A Common Stock
Debt Instrument [Line Items]
Common stock, par value (in dollars per share) \| $ / shares	$ 0.001	$ 0.001		$ 0.001
Convertible debt \| 1.125% Convertible Senior Notes Due 2026
Debt Instrument [Line Items]
Face amount of debt issued \| $	$ 345,000,000
Stated interest percentage	1.125%
Proceeds from the issuance of convertible senior notes, net of issuance costs \| $	$ 335,900,000
Conversion ratio	0.0124756
Conversion price (in dollars per share) \| $ / shares	$ 80.16
Threshold number of trading days (day)	20
Threshold number of consecutive trading days (day)	30
Threshold percentage of stock price trigger	130.00%
Redemption price, percentage	100.00%
Effective interest percentage	4.30%		1.50%
If-converted value less than principal \| $		$ 61,000,000
Remaining life of debt instrument		4 years 2 months 12 days
Convertible debt \| 1.125% Convertible Senior Notes Due 2026 \| Debt Conversion Terms, One
Debt Instrument [Line Items]
Threshold number of trading days (day)	20
Threshold number of consecutive trading days (day)	30
Threshold percentage of stock price trigger	130.00%
Convertible debt \| 1.125% Convertible Senior Notes Due 2026 \| Debt Conversion Terms, Two
Debt Instrument [Line Items]
Threshold number of trading days (day)	5
Threshold number of consecutive trading days (day)	10
Threshold percentage of stock trading price	98.00%
Convertible debt \| Over-allotment option
Debt Instrument [Line Items]
Face amount of debt issued \| $	$ 45,000,000

Convertible Senior Notes - Summary of Convertible Debt (Details) - 1.125% Convertible Senior Notes Due 2026 - Convertible debt - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Principal	$ 345,000	$ 345,000
Unamortized discount	0	(41,193)
Unamortized issuance costs	(5,392)	(5,146)
Net carrying amount	$ 339,608	298,661
Equity component, net of purchase discounts and issuance costs		$ 58,560

- Definition

Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Convertible Senior Notes - Summary of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Debt Disclosure [Abstract]
Contractual interest expense	$ 970	$ 970	$ 1,940	$ 1,941
Amortization of debt discount	0	2,031	0	4,046
Amortization of issuance costs	324	253	648	504
Total interest expense	$ 1,294	$ 3,254	$ 2,588	$ 6,491

Stock-Based Compensation - Narrative (Details) - 2014 Plan - Class A Common Stock - shares	Jun. 30, 2022	Jun. 01, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares available for grant (in shares)		3,000,000
Number of shares available for grant (in shares)	3,439,319

Stock-Based Compensation - Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	$ 18,447	$ 11,052	$ 33,756	$ 22,675
Research and development
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	3,148	2,417	5,873	4,848
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	5,646	2,837	9,731	6,386
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	8,148	4,792	15,405	9,572
Subscription and support \| Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	912	597	1,702	1,093
Professional services \| Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	$ 593	$ 409	$ 1,045	$ 776

Stock-Based Compensation - Stock Options (Details)	6 Months Ended	12 Months Ended
Stock-Based Compensation - Stock Options (Details)	Jun. 30, 2022 $ / shares shares	Dec. 31, 2021 $ / shares shares
Options (in shares):
Outstanding beginning of the period (in shares) \| shares	1,755,180
Granted (in shares) \| shares	0
Forfeited (in shares) \| shares	(1,187)
Expired (in shares) \| shares	(2,970)
Exercised (in shares) \| shares	(138,404)
Outstanding end of the period (in shares) \| shares	1,612,619	1,755,180
Exercisable (in shares) \| shares	1,612,619
Weighted-Average Exercise Price (in dollars per share):
Outstanding beginning of the period (in dollars per share) \| $ / shares	$ 14.42
Granted (in dollars per share) \| $ / shares	0
Forfeited (in dollars per share) \| $ / shares	14.97
Expired (in dollars per share) \| $ / shares	3.92
Exercised (in dollars per share) \| $ / shares	14.23
Outstanding end of the period (in dollars per share) \| $ / shares	14.46	$ 14.42
Exercisable (in dollars per share) \| $ / shares	$ 14.46
Outstanding, weighted-average remaining contractual term (years)	3 years 7 months 6 days	4 years
Exercisable, weighted-average remaining contractual term (years)	3 years 7 months 6 days

Stock-Based Compensation - Restricted Stock Units (Details)	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Restricted stock units
Number of Shares (in shares)
Unvested at beginning of period (in shares)	1,891,699
Granted (in shares)	829,345
Forfeited (in shares)	(58,869)
Vested (in shares)	(684,893)
Unvested at end of period (in shares)	1,977,282
Weighted- Average Grant Date Fair Value (in dollars per share)
Unvested at beginning of period (in dollars per share) \| $ / shares	$ 73.04
Granted (in dollars per share) \| $ / shares	113.75
Forfeited (in dollars per share) \| $ / shares	88.73
Vested (in dollars per share) \| $ / shares	57.05
Unvested at end of period (in dollars per share) \| $ / shares	$ 95.26
Number of vested shares recipient elected to defer settlement (in shares)	18,491
Number of vested shares recipients elected to defer settlement, released during period (in shares)	22,006
Performance Shares
Weighted- Average Grant Date Fair Value (in dollars per share)
Award vesting period (years)	3 years
Performance Shares \| Minimum
Weighted- Average Grant Date Fair Value (in dollars per share)
Units earned, percentage of units granted	0.00%
Performance Shares \| Maximum
Weighted- Average Grant Date Fair Value (in dollars per share)
Units earned, percentage of units granted	200.00%

Stock-Based Compensation - Employee Stock Purchase Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from shares issued in connection with employee stock purchase plan	$ 0	$ 0	$ 5,218	$ 4,237
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 200		$ 200
Unrecognized compensation expense, period for recognition (years)			14 days
Class A Common Stock \| Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued during period (in shares)			52,546
Shares issued during period, weighted average price per share (in dollars per share)			$ 99.3
Proceeds from shares issued in connection with employee stock purchase plan			$ 5,200

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenue	$ 131,549	$ 105,587	$ 261,223	$ 209,809
Subscription and support
Disaggregation of Revenue [Line Items]
Total revenue	113,353	91,205	220,473	176,141
XBRL professional services
Disaggregation of Revenue [Line Items]
Total revenue	13,517	10,069	31,210	24,555
Other services
Disaggregation of Revenue [Line Items]
Total revenue	4,679	4,313	9,540	9,113
Industrials
Disaggregation of Revenue [Line Items]
Total revenue	19,018	14,504	37,588	28,381
Diversified financials
Disaggregation of Revenue [Line Items]
Total revenue	17,265	13,883	34,392	27,162
Information technology
Disaggregation of Revenue [Line Items]
Total revenue	15,498	11,046	30,135	21,709
Banks
Disaggregation of Revenue [Line Items]
Total revenue	13,087	11,502	26,072	23,112
Consumer discretionary
Disaggregation of Revenue [Line Items]
Total revenue	12,628	9,824	24,846	19,355
Healthcare
Disaggregation of Revenue [Line Items]
Total revenue	11,832	9,524	23,457	18,581
Insurance
Disaggregation of Revenue [Line Items]
Total revenue	7,745	6,252	15,522	12,836
Real estate
Disaggregation of Revenue [Line Items]
Total revenue	5,928	4,911	12,004	10,250
Energy
Disaggregation of Revenue [Line Items]
Total revenue	5,846	5,161	11,592	10,445
Utilities
Disaggregation of Revenue [Line Items]
Total revenue	5,457	4,978	11,417	9,806
Materials
Disaggregation of Revenue [Line Items]
Total revenue	5,159	4,397	10,833	9,243
Other
Disaggregation of Revenue [Line Items]
Total revenue	$ 12,086	$ 9,605	$ 23,365	$ 18,929

Revenue Recognition - Deferred Revenue and Transaction Price Allocated to the Remaining Performance Obligations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Deferred revenue recognized	$ 106.9	$ 84.2	$ 188.6	$ 145.6
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized	628.2		628.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized	$ 361.0		$ 361.0
Expected period of recognition	12 months		12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected period of recognition	24 months		24 months

Net Loss Per Share - Earnings Per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Denominator
Weighted-average common shares outstanding - basic (in shares)	52,850,470	51,065,867	52,724,051	50,657,264
Weighted-average common shares outstanding - diluted (in shares)	52,850,470	51,065,867	52,724,051	50,657,264
Basic net loss per share (in dollars per share)	$ (0.55)	$ (0.19)	$ (0.90)	$ (0.33)
Diluted net loss per share (in dollars per share)	$ (0.55)	$ (0.19)	$ (0.90)	$ (0.33)
Class A Common Stock
Numerator
Net loss, basic	$ (26,736)	$ (8,069)	$ (43,802)	$ (14,223)
Net loss, diluted	$ (26,736)	$ (8,069)	$ (43,802)	$ (14,223)
Denominator
Weighted-average common shares outstanding - basic (in shares)	48,959,887	43,310,488	48,768,827	42,790,278
Weighted-average common shares outstanding - diluted (in shares)	48,959,887	43,310,488	48,768,827	42,790,278
Basic net loss per share (in dollars per share)	$ (0.55)	$ (0.19)	$ (0.90)	$ (0.33)
Diluted net loss per share (in dollars per share)	$ (0.55)	$ (0.19)	$ (0.90)	$ (0.33)
Class B Common Stock
Numerator
Net loss, basic	$ (2,125)	$ (1,445)	$ (3,552)	$ (2,615)
Net loss, diluted	$ (2,125)	$ (1,445)	$ (3,552)	$ (2,615)
Denominator
Weighted-average common shares outstanding - basic (in shares)	3,890,583	7,755,379	3,955,224	7,866,986
Weighted-average common shares outstanding - diluted (in shares)	3,890,583	7,755,379	3,955,224	7,866,986
Basic net loss per share (in dollars per share)	$ (0.55)	$ (0.19)	$ (0.90)	$ (0.33)
Diluted net loss per share (in dollars per share)	$ (0.55)	$ (0.19)	$ (0.90)	$ (0.33)

Net Loss Per Share - Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Class A Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	4,300,000	4,300,000
Shares subject to outstanding common stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	1,612,619	2,469,541
Shares subject to unvested restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	1,977,282	1,939,963
Shares issuable pursuant to the ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	60,892	57,485

Acquisitions - Narrative (Details) - USD ($)		3 Months Ended		6 Months Ended
Acquisitions - Narrative (Details) - USD ($)	Apr. 01, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Payments to acquire business, net of cash acquired		$ 99,186,000	$ 0	$ 99,186,000	$ 0
ParsePort ApS
Business Acquisition [Line Items]
Payments to acquire business, net of cash acquired	$ 99,200,000
Cash acquired from acquisition	1,600,000
Goodwill tax deductible amount	$ 0
Acquisition related costs				$ 600,000

Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Apr. 01, 2022	Jun. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 109,040	$ 34,556
ParsePort ApS
Business Acquisition [Line Items]
Cash consideration	$ 100,744
Total consideration	100,744
Cash	1,558
Accounts receivable, net	1,403
Intangible assets	23,300
Goodwill	78,925
Other assets	440
Accounts payable	(29)
Accrued liabilities	(1,444)
Deferred revenue	(3,299)
Other liabilities	(110)
Fair value of assets and liabilities	$ 100,744

Intangible Assets and Goodwill - Intangible Asset Components (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (Years)	7 years 1 month 6 days
Gross Carrying Amount	$ 34,533	$ 12,498
Accumulated Amortization	(4,371)	(2,064)
Net Carrying Amount	$ 30,162	10,434
Acquired technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (Years)	4 years 6 months
Gross Carrying Amount	$ 15,281	7,920
Accumulated Amortization	(2,059)	(701)
Net Carrying Amount	$ 13,222	7,219
Acquired customer-related
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (Years)	10 years
Gross Carrying Amount	$ 14,421	360
Accumulated Amortization	(395)	(14)
Net Carrying Amount	$ 14,026	346
Acquired trade names
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (Years)	2 years 9 months 18 days
Gross Carrying Amount	$ 2,045	1,478
Accumulated Amortization	(419)	(21)
Net Carrying Amount	$ 1,626	1,457
Patents
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (Years)	10 years
Gross Carrying Amount	$ 2,786	2,740
Accumulated Amortization	(1,498)	(1,328)
Net Carrying Amount	$ 1,288	$ 1,412

Intangible Assets and Goodwill - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense related to intangible assets	$ 1.5	$ 0.1	$ 2.3	$ 0.2

Intangible Assets and Goodwill - Amortization of Intangible Assets by Fiscal Year (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2022	$ 3,000
2023	5,961
2024	5,199
2025	4,469
2026	3,159
2027	1,955
Thereafter	6,419
Net Carrying Amount	$ 30,162	$ 10,434

Intangible Assets and Goodwill - Goodwill Activity (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 34,556
Acquisition	78,925
Foreign currency translation adjustments	(4,441)
Goodwill, ending balance	$ 109,040

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details