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Condensed Financial Information Of Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information Of Parent Company |
CONDENSED BALANCE SHEETS (Parent Company) | CONDENSED BALANCE SHEETS (Parent Company) ($ in millions, except share and per share amounts) ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31,
​ |  | 2018 |  | 2019
Assets | ​ | ​ |  |  | ​ |
Cash, cash equivalents and restricted cash | ​ | $ | 76.4 | ​ | $ | 239.7
Intercompany receivable | ​ |  | 10.4 | ​ |  | 22.2
Property and equipment, net | ​ |  | 0.5 | ​ |  | 1.9
Intangible asset | ​ |  | — | ​ |  | 0.6
Other assets | ​ |  | 1.2 | ​ |  | 1.7
Investment in subsidiaries | ​ |  | 35.4 | ​ |  | 61.9
Total assets | ​ | $ | 123.9 | ​ | $ | 328.0
Liabilities, Convertible Preferred Stock and Stockholders’ Equity (Deficit) | ​ |  |  | ​ |  |
Trade payables | ​ |  | 1.3 | ​ |  | 0.2
Intercompany payable | ​ |  | 8.5 | ​ |  | 15.1
Other liabilities | ​ |  | 6.2 | ​ |  | 10.7
Total liabilities | ​ |  | 16.0 | ​ |  | 26.0
Commitments and contingencies | ​ |  |  | ​ |  |
Convertible preferred stock (Series Seed, A, B, C and D), $0.00001 par value; 24,449,177 shares and 31,557,107 shares authorized; 24,445,555 shares and 31,557,107 shares issued and outstanding as of December 31, 2018 and 2019, respectively; aggregate liquidation preference of $480.8 million as of December 31, 2019 | ​ |  | 180.8 | ​ |  | 480.2
Stockholders’ equity (deficit): | ​ |  |  | ​ |  |
Common stock, $0.00001 par value, 42,000,000 shares and 52,000,000 shares authorized as of December 31, 2018 and 2019, respectively; 11,602,708 shares and 11,784,765 shares issued and 10,983,684 shares and 11,271,228 shares outstanding as of December 31, 2018 and 2019, respectively | ​ |  | — | ​ |  | —
Additional paid‑in capital | ​ |  | 0.7 | ​ |  | 3.9
Accumulated deficit | ​ |  | (73.6) | ​ |  | (182.1)
Total stockholders’ equity (deficit) | ​ |  | (72.9) | ​ |  | (178.2)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) | ​ | $ | 123.9 | ​ | $ | 328.0
CONDENSED STATEMENTS OF OPERATIONS (Parent Company) | CONDENSED STATEMENTS OF OPERATIONS (Parent Company) ($ in millions, except share and per share amounts) ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended
​ | ​ | December 31,
​ |  | 2018 |  | 2019
Revenue | ​ | ​ |  |  | ​ |
Net investment income | ​ | $ | 1.0 | ​ | $ | 2.4
Total revenue | ​ |  | 1.0 | ​ |  | 2.4
Expense | ​ |  |  | ​ |  |
General and administrative | ​ |  | 7.6 | ​ |  | 20.2
Total expense | ​ |  | 7.6 | ​ |  | 20.2
Loss before equity in net loss of subsidiaries | ​ |  | (6.6) | ​ |  | (17.8)
Equity in net loss of subsidiaries | ​ |  | (46.4) | ​ |  | (90.7)
Net loss | ​ | $ | (53.0) | ​ | $ | (108.5)
​ The accompanying notes are an integral part of the condensed financial statements.
CONDENSED STATEMENTS OF CASH FLOWS (Parent Company) | CONDENSED STATEMENTS OF CASH FLOWS (Parent Company) ($ in millions, except share and per share amounts) ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended
​ | ​ | December 31,
​ |  | 2018 |  | 2019
Cash flows from operating activities: | ​ | ​ |  |  | ​ |
Net loss | ​ | $ | (53.0) | ​ | $ | (108.5)
Adjustments to reconcile net loss to net cash used in operating activities: | ​ |  |  | ​ |  |
Depreciation | ​ |  | 0.1 | ​ |  | 0.3
Stock‑based compensation | ​ |  | 0.7 | ​ |  | 2.3
Change in fair value of warrant liability | ​ |  | 0.2 | ​ |  | —
Equity in undistributed earnings of subsidiaries | ​ |  | 46.4 | ​ |  | 90.7
Change in assets and liabilities | ​ |  |  | ​ |  |
Intercompany receivable | ​ |  | (0.7) | ​ |  | (11.8)
Other assets | ​ |  | (0.7) | ​ |  | (0.5)
Trade payable | ​ |  | (0.7) | ​ |  | (1.1)
Intercompany payable | ​ |  | (0.3) | ​ |  | 6.6
Other liabilities | ​ |  | 5.8 | ​ |  | 4.9
Net cash used in operating activities | ​ |  | (2.2) | ​ |  | (17.1)
Cash flows from investing activities: | ​ |  |  | ​ |  |
Investments in subsidiaries | ​ |  | (55.4) | ​ |  | (117.2)
Purchases of property and equipment | ​ |  | (0.5) | ​ |  | (1.7)
Purchases of intangible assets | ​ |  | — | ​ |  | (0.6)
Net cash used in investing activities | ​ |  | (55.9) | ​ |  | (119.5)
Cash flows from financing activities: | ​ |  |  | ​ |  |
Issuance of Preferred stock, net | ​ |  | 119.8 | ​ |  | 299.4
Proceeds from stock purchases | ​ |  | 0.1 | ​ |  | 0.5
Net cash provided by financing activities | ​ |  | 119.9 | ​ |  | 299.9
Increase in cash, cash equivalents and restricted cash | ​ |  | 61.8 | ​ |  | 163.3
Cash, cash equivalents and restricted cash at beginning of period | ​ |  | 14.6 | ​ |  | 76.4
Cash, cash equivalents and restricted cash at end of period | ​ | $ | 76.4 | ​ | $ | 239.7
​ The accompanying notes are an integral part of the condensed financial statements.

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