0001842718-22-000031 | 10-Q | XBRL Viewer | Integral AD Science Holding Corp

Label

Element

Value

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Security Deposits

ias_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSecurityDeposits

$ 12,000

Accrued Hosting Fees, Current

ias_AccruedHostingFeesCurrent

3,314,000

Accrued Hosting Fees, Current

ias_AccruedHostingFeesCurrent

$ 2,465,000

Share-Based Compensation Arrangement By Share-based Payment Award, Increase In Shares Reserved For Future Issuance, Maximum Shares Of Common Stock For ESPP Plan

ias_ShareBasedCompensationArrangementByShareBasedPaymentAwardIncreaseInSharesReservedForFutureIssuanceMaximumSharesOfCommonStockForESPPPlan

16,000,000

Share-Based Payment Arrangement, Market Stock Unit, Activity [Table Text Block]

ias_ShareBasedPaymentArrangementMarketStockUnitActivityTableTextBlock

MSU activity for the six months ended June 30, 2022 is as follows:


	MSUs
	Number of Shares	Weighted Average Grant Date Fair Value
Outstanding as of January 1, 2022	—	$	—
Granted	1,261,413	14.43
Canceled or forfeited	—	—
Vested	—	—
Outstanding as of June 30, 2022	1,261,413	$	14.43
Expected to vest as of June 30, 2022	1,261,413

Share-Based Compensation Arrangement By Share-based Payment Award, Increase In Shares Reserved For Future Issuance, Percent Of Common Stock Outstanding

ias_ShareBasedCompensationArrangementByShareBasedPaymentAwardIncreaseInSharesReservedForFutureIssuancePercentOfCommonStockOutstanding

5.00%

Share-Based Compensation Arrangement By Share-based Payment Award, Increase In Shares Reserved For Future Issuance, Percent Of Common Stock Outstanding

ias_ShareBasedCompensationArrangementByShareBasedPaymentAwardIncreaseInSharesReservedForFutureIssuancePercentOfCommonStockOutstanding

1.00%

Conversion Of Member Units To Common Stock, Ratio

ias_ConversionOfMemberUnitsToCommonStockRatio

242

Share-Based Compensation Arrangement By Share-Based Payment Award, Conversion Premium, Percent

ias_ShareBasedCompensationArrangementByShareBasedPaymentAwardConversionPremiumPercent

10.00%

Security Deposit Liability, Noncurrent

ias_SecurityDepositLiabilityNoncurrent

$ 672,000

Security Deposit Liability, Noncurrent

ias_SecurityDepositLiabilityNoncurrent

672,000

Increase (Decrease) in Unbilled Receivable

ias_IncreaseDecreaseInUnbilledReceivable

(1,639,000)

Increase (Decrease) in Unbilled Receivable

ias_IncreaseDecreaseInUnbilledReceivable

(2,769,000)

Business Combination, Consideration Payable, Noncurrent

ias_BusinessCombinationConsiderationPayableNoncurrent

967,000

Business Combination, Consideration Payable, Noncurrent

ias_BusinessCombinationConsiderationPayableNoncurrent

967,000

Business Combination, Consideration Payable, Noncurrent

ias_BusinessCombinationConsiderationPayableNoncurrent

2,320,000

Increase (Decrease) In Accrued Rent

ias_IncreaseDecreaseInAccruedRent

Increase (Decrease) In Accrued Rent

ias_IncreaseDecreaseInAccruedRent

128,000

Accrued Revenue Sharing, Current

ias_AccruedRevenueSharingCurrent

3,473,000

Accrued Revenue Sharing, Current

ias_AccruedRevenueSharingCurrent

$ 8,497,000

Stock Vested During Period Shares

ias_StockVestedDuringPeriodShares

17,486

^[1]

Stock Vested During Period Value

ias_StockVestedDuringPeriodValue

$ 0

Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Current Liabilities, Short-Term Debt

ias_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesShortTermDebt

2,354,000

Share-based Compensation Arrangement by Share-based Payment Award, Maximum Annual Employee Participation

ias_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumAnnualEmployeeParticipation

25,000

Line of Credit Facility, Accordion Feature, Increase Limit

ias_LineOfCreditFacilityAccordionFeatureIncreaseLimit

5,000,000

Line of Credit Facility, Accordion Feature, Increase Limit

ias_LineOfCreditFacilityAccordionFeatureIncreaseLimit

5,000,000

Line of Credit Facility, Accordion Feature, Increase Limit

ias_LineOfCreditFacilityAccordionFeatureIncreaseLimit

$ 5,000,000

Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Expected To Vest, Outstanding, Number

ias_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestOutstandingNumber

7,365,070

Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Expected To Vest, Outstanding, Number

ias_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpectedToVestOutstandingNumber

1,261,413

Share-based Compensation Arrangement by Share-based Payment Award, Maximum Percentage Of Transfer Of Equity Interest To Third-Party

ias_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumPercentageOfTransferOfEquityInterestToThirdParty

75.00%

Deferred Offering Costs Accrued Not Yet Paid

ias_DeferredOfferingCostsAccruedNotYetPaid

$ 0

Deferred Offering Costs Accrued Not Yet Paid

ias_DeferredOfferingCostsAccruedNotYetPaid

$ 2,956,000

Share-based Compensation Arrangement by Share-based Payment Award, Maximum Percentage For Sale Of Equity Interest To Third-Party

ias_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumPercentageForSaleOfEquityInterestToThirdParty

50.00%

Schedule of Future Minimum Rental Payments Receivable for Operating Leases [Table Text Block]

ias_ScheduleOfFutureMinimumRentalPaymentsReceivableForOperatingLeasesTableTextBlock

As previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, the following table summarizes operating leases as of December 31, 2021 under ASC 840.


Year Ended December 31,	Minimum lease payments		Sublease income
2022	$	6,957	$	1,569
2023	6,276		2,756
2024	6,345		2,825
2025	6,467		2,896
2026	5,157		2,968
2027 and thereafter	1,149		761
	$	32,351	$	13,775

Share-Based Compensation Arrangement By Share-based Payment Award, Options, Period Of Increase In Shares Reserved For Future Issuance

ias_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsPeriodOfIncreaseInSharesReservedForFutureIssuance

10 years

Accrued Bonuses And Commissions, Current

ias_AccruedBonusesAndCommissionsCurrent

$ 9,564,000

Accrued Bonuses And Commissions, Current

ias_AccruedBonusesAndCommissionsCurrent

16,454,000

Conversion of Members Equity To AdditionalPaid InCapital

ias_ConversionofMembersEquityToAdditionalPaidInCapital

Conversion of Members Equity To AdditionalPaid InCapital

ias_ConversionofMembersEquityToAdditionalPaidInCapital

$ 165,385,000

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Minimum Equity Return Multiple

ias_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRightsMinimumEquityReturnMultiple

3.0

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Minimum Equity Return Multiple

ias_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingRightsMinimumEquityReturnMultiple

3.0

Debt Instrument, Covenant Terms, Minimum Interest Coverage Ratio

ias_DebtInstrumentCovenantTermsMinimumInterestCoverageRatio

2.50

Share-based Compensation Arrangement by Share-based Payment Award, Vesting Upon Sale Of Share Resulting In Cash Return, Threshold

ias_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingUponSaleOfShareResultingInCashReturnThreshold

$ 1,170,000,000

Lessee, Operating Lease, Liability, To Be Paid, After Year Four

ias_LesseeOperatingLeaseLiabilityToBePaidAfterYearFour

$ 1,149,000

Debt Instrument, Covenant Terms, Minimum Net Leverage Ratio

ias_DebtInstrumentCovenantTermsMinimumNetLeverageRatio

3.50

Share-Based Compensation Arrangement By Share-Based Payment Award, Vesting Eligibility, Payout Factor

ias_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingEligibilityPayoutFactor

Share-Based Compensation Arrangement By Share-Based Payment Award, Vesting Eligibility, Payout Factor

ias_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingEligibilityPayoutFactor

2.25

Share-Based Compensation Arrangement By Share-Based Payment Award, Vesting Eligibility, Payout Factor, Measurement Period For Average Closing Stock Price, Number Of Trading Days Preceding Vesting Date

ias_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingEligibilityPayoutFactorMeasurementPeriodForAverageClosingStockPriceNumberOfTradingDaysPrecedingVestingDate

Operating Lease Liability Obtained In Exchange For Right-Of-Use Asset

ias_OperatingLeaseLiabilityObtainedInExchangeForRightOfUseAsset

$ 28,222,000

Share-Based Compensation Arrangement By Share-Based Payment Award, Vesting Eligibility, Payout Factor Calculation, Maximum Quotient Allowable For Minimum Payout Factor

ias_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingEligibilityPayoutFactorCalculationMaximumQuotientAllowableForMinimumPayoutFactor

0.60

Business Description [Text Block]

ias_BusinessDescriptionTextBlock

Description of business

Integral Ad Science Holding Corp. and its wholly-owned subsidiaries (together, the “Company”), formerly known as Kavacha Topco, LLC, is a leading global digital advertising verification company by revenue. The Company’s mission is to be the global benchmark for trust and transparency in digital media quality for the world’s leading brands, publishers, and platforms. The Company’s cloud-based technology platform provides actionable insights and deliver independent measurement and verification of digital advertising across all devices, channels, and formats, including desktop, mobile, connected TV (“CTV”), social, display, and video. The Company’s proprietary and Media Rating Council (the “MRC”) accredited Quality Impressions® metric is designed to verify that digital ads are served to a real person rather than a bot, viewable on-screen, and appear in a brand-safe and suitable environment in the correct geography. The Company is an independent, trusted partner for buyers and sellers of digital advertising to increase accountability, transparency, and effectiveness in the market. The Company helps advertisers optimize their ad spend and better measure consumer engagement with campaigns across platforms, while enabling publishers to improve their inventory yield and revenue.

The Company has its operations within the United States ("U.S.") in New York, California, and Illinois. Operations outside the U.S. are within countries such as the United Kingdom ("U.K."), Germany, Italy, Spain, Sweden, Singapore, Australia, France, Japan, Canada, Brazil and India.

Corporate conversion

On February 23, 2021, the Company amended the certificate of formation of Kavacha Topco, LLC to change the name of the Company to Integral Ad Science Holding LLC and on June 29, 2021, the Company converted to a Delaware corporation pursuant to a statutory conversion and changed its legal name to Integral Ad Science Holding Corp. in connection with its initial public offering ("IPO"). All of the outstanding member units were converted into 134,203,403 shares of common stock of the Company on a proportion of 1 member unit for 242 shares of common stock with the same voting rights. On June 29, 2021, the Company priced its IPO, which closed on July 2, 2021.

[1]	Amounts for periods prior to the Company’s conversion to a Delaware corporation have been retrospectively adjusted to give effect to the corporate conversion described in Note 1.

Internal use software, net - Summary (Details)	6 Months Ended	12 Months Ended
Internal use software, net - Summary (Details)	Jun. 30, 2022	Dec. 31, 2021
Internal Use Software [Line Items]
Estimated useful life	5 years	5 years

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