7Baggers

Alkami Technology, Inc.
(NASDAQ:ALKT) 

ALKT stock logo

Alkami Technology, Inc. offers a cloud-based digital banking platform to serve banks and credit unions in the United States. The company's platform allows financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of a proprietar...

Founded: 2009
CEO: Steve Mitchell  
Sector: Technology
Industry: Software—Application
Technology
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 
                         
      revenues
    		126,138,000 120,791,000 112,954,000 112,059,000 97,835,000 89,656,000 85,906,000 82,160,000 76,127,000 71,369,000 67,703,000 65,763,000 59,996,000 55,538,000 53,412,000 50,530,000 44,790,000 42,435,000 39,761,000 36,701,000 33,262,000 
      yoy
    		28.93% 34.73% 31.49% 36.39% 28.52% 25.62% 26.89% 24.93% 26.89% 28.50% 26.76% 30.15% 33.95% 30.88% 34.33% 37.68% 34.66%     
      qoq
    		4.43% 6.94% 0.80% 14.54% 9.12% 4.37% 4.56% 7.92% 6.67% 5.41% 2.95% 9.61% 8.03% 3.98% 5.70% 12.82% 5.55% 6.73% 8.34% 10.34%  
      cost of revenues
    		52,269,000 51,712,000 48,812,000 46,441,000 40,075,000 36,446,000 35,289,000 33,389,000 32,095,000 31,420,000 31,153,000 30,289,000 27,858,000 26,865,000 25,844,000 23,257,000 19,980,000 19,288,000 17,387,000 16,180,000 15,497,000 
      gross profit
    		73,869,000 69,079,000 64,142,000 65,618,000 57,760,000 53,210,000 50,617,000 48,771,000 44,032,000 39,949,000 36,550,000 35,474,000 32,138,000 28,673,000 27,568,000 27,273,000 24,810,000 23,147,000 22,374,000 20,521,000 17,765,000 
      yoy
    		27.89% 29.82% 26.72% 34.54% 31.18% 33.19% 38.49% 37.48% 37.01% 39.33% 32.58% 30.07% 29.54% 23.87% 23.21% 32.90% 39.66%     
      qoq
    		6.93% 7.70% -2.25% 13.60% 8.55% 5.12% 3.79% 10.76% 10.22% 9.30% 3.03% 10.38% 12.08% 4.01% 1.08% 9.93% 7.18% 3.45% 9.03% 15.51%  
      gross margin %
    		58.56% 57.19% 56.79% 58.56% 59.04% 59.35% 58.92% 59.36% 57.84% 55.98% 53.99% 53.94% 53.57% 51.63% 51.61% 53.97% 55.39% 54.55% 56.27% 55.91% 53.41% 
      operating expenses:
    		                     
      research and development
    		31,000,000 31,189,000 30,091,000 30,231,000 26,885,000 25,349,000 24,133,000 23,909,000 22,820,000 21,491,000 21,755,000 20,866,000 20,549,000 20,356,000 18,222,000 16,595,000 14,156,000 12,903,000 12,877,000 12,107,000 10,913,000 
      sales and marketing
    		19,955,000 19,914,000 19,337,000 22,991,000 17,899,000 14,552,000 14,406,000 16,964,000 13,843,000 11,863,000 11,933,000 13,883,000 10,878,000 8,989,000 9,721,000 10,204,000 7,992,000 6,411,000 7,309,000 5,417,000 5,406,000 
      general and administrative
    		26,912,000 25,440,000 25,642,000 26,039,000 23,771,000 21,576,000 22,147,000 20,612,000 19,315,000 19,292,000 18,290,000 18,207,000 17,111,000 17,133,000 18,337,000 18,731,000 15,668,000 16,855,000 13,330,000 12,810,000 10,385,000 
      amortization of acquired intangibles
    		1,707,000 1,707,000 1,706,000 1,707,000 568,000 359,000 359,000 358,000 359,000 359,000 359,000 357,000 360,000 359,000 370,000 331,000      
      total operating expenses
    		79,574,000 78,575,000 77,023,000 81,481,000 73,156,000 61,836,000 61,045,000 61,978,000 56,397,000 53,048,000 52,337,000 53,347,000 49,084,000 34,153,000 47,387,000 46,657,000 37,816,000 36,169,000 33,516,000 30,334,000 26,704,000 
      income from operations
    		-5,705,000 -9,496,000 -12,881,000 -15,863,000 -15,396,000 -8,626,000 -10,428,000 -13,207,000 -12,365,000 -13,099,000 -15,787,000 -17,873,000 -16,946,000 -5,480,000 -19,819,000 -19,384,000 -13,006,000 -13,022,000 -11,142,000 -9,813,000 -8,939,000 
      yoy
    		-62.94% 10.09% 23.52% 20.11% 24.51% -34.15% -33.95% -26.11% -27.03% 139.03% -20.34% -7.80% 30.29% -57.92% 77.88% 97.53% 45.50%     
      qoq
    		-39.92% -26.28% -18.80% 3.03% 78.48% -17.28% -21.04% 6.81% -5.60% -17.03% -11.67% 5.47% 209.23% -72.35% 2.24% 49.04% -0.12% 16.87% 13.54% 9.78%  
      operating margin %
    		-4.52% -7.86% -11.40% -14.16% -15.74% -9.62% -12.14% -16.07% -16.24% -18.35% -23.32% -27.18% -28.25% -9.87% -37.11% -38.36% -29.04% -30.69% -28.02% -26.74% -26.87% 
      non-operating income:
    		                     
      interest income
    		762,000 874,000 1,026,000 1,164,000 1,096,000 1,070,000 1,147,000 1,261,000 1,082,000 2,273,000 2,080,000 2,016,000 1,726,000 1,313,000 851,000 424,000 108,000 123,000 223,000 127,000 14,000 
      interest expense
    		-2,267,000 -2,519,000 -2,978,000 -3,188,000 -801,000 -134,000 -180,000 -74,000 -73,000 -1,870,000 -1,931,000 -1,826,000 -1,757,000 -1,532,000 -1,185,000 -787,000 -288,000 -278,000 -300,000 -298,000 -310,000 
      income before income taxes
    		-7,210,000 -11,141,000 -14,833,000 -17,887,000 -15,101,000 -7,690,000 -9,461,000 -12,132,000 -11,244,000 -12,992,000 -15,437,000 -17,673,000 -16,767,000 -5,453,000 -20,212,000 -20,077,000 -13,319,000 -13,177,000 -11,219,000 -11,375,000 -10,879,000 
      provision for income taxes
    		2,753,000 300,000 -29,000 -4,296,000 -7,285,000 -47,000 -19,000 185,000 189,000 -279,000 39,000 88,000 196,000 -541,000 -163,000 156,000 87,000     
      net income
    		-9,963,000 -11,441,000 -14,804,000 -13,591,000 -7,816,000 -7,643,000 -9,442,000 -12,317,000 -11,433,000 -12,713,000 -15,476,000 -17,761,000 -16,963,000 -4,912,000 -20,049,000 -20,233,000 -13,406,000 -13,349,000 -11,219,000 -11,375,000 -10,879,000 
      yoy
    		27.47% 49.69% 56.79% 10.34% -31.64% -39.88% -38.99% -30.65% -32.60% 158.82% -22.81% -12.22% 26.53% -63.20% 78.71% 77.87% 23.23%     
      qoq
    		-12.92% -22.72% 8.93% 73.89% 2.26% -19.05% -23.34% 7.73% -10.07% -17.85% -12.87% 4.70% 245.34% -75.50% -0.91% 50.92% 0.43% 18.99% -1.37% 4.56%  
      net income margin %
    		-7.90% -9.47% -13.11% -12.13% -7.99% -8.52% -10.99% -14.99% -15.02% -17.81% -22.86% -27.01% -28.27% -8.84% -37.54% -40.04% -29.93% -31.46% -28.22% -30.99% -32.71% 
      net income per share
    		                     
      basic and diluted
    		-0.09 -0.11 -0.14 -0.13 -0.08 -0.07 -0.09 -0.13 -0.12 -0.13 -0.16 -0.19 -0.18 -0.05 -0.22 -0.22 -0.15 -0.13 -0.13 -0.15 -2 
      weighted-average number of shares of common stock outstanding:
    		                     
      basic and diluted
    		106,387,125 103,895,195 104,345,319 103,389,459 102,430,673 98,892,692 99,435,002 98,103,527 96,945,232 94,080,797 94,675,358 93,334,725 92,397,341 90,956,521 91,182,235 90,707,381 90,208,871 64,510,456 87,641,416 74,831,512 5,584,182 
      acquisition-related expenses
    		 325,000 247,000 513,000 2,378,000   135,000 60,000 43,000  34,000 186,000 -12,684,000 737,000 796,000      
      loss on impairment of intangible assets
    		    1,655,000                 
      loss on financial instruments
    		             246,000 -59,000 -254,000 -133,000 -758,750  -1,391,000 -1,644,000 
      gain on financial instruments
    		       -112,000 112,000 113,000 201,000 10,000 210,000         
      less: cumulative dividends and adjustments to redeemable convertible preferred stock
    		                    -277,000 
      net loss attributable to common stockholders:
    		             -13,422,000 -20,049,000 -20,233,000 -13,406,000 -8,437,500 -11,219,000 -11,375,000 -11,156,000 
      loss on extinguishment of debt
    		               -76,000      
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 
                          
        assets
      		                    
        current assets
      		                    
        cash and cash equivalents
      		40,412,000 63,457,000 57,316,000 52,426,000 61,660,000 80,956,000 61,432,000 44,179,000 40,927,000 76,381,000 90,296,000 114,287,000 108,720,000 96,636,000 89,117,000 187,291,000 308,581,000 314,402,000 338,477,000 162,075,000 
        marketable securities
      		37,234,000 35,635,000 33,596,000 34,686,000 33,637,000 20,033,000 25,962,000 43,125,000 51,196,000 101,865,000 86,010,000 71,108,000 87,635,000 112,215,000 124,237,000 111,988,000     
        accounts receivable
      		51,435,000 51,494,000 50,675,000 47,679,000 46,790,000 42,408,000 38,952,000 35,717,000 35,499,000 31,266,000 28,152,000 28,429,000 26,246,000 26,304,000 27,367,000 23,350,000 20,821,000 20,281,000 15,590,000 14,614,000 
        deferred costs, current
      		16,385,000 15,894,000 14,868,000 14,629,000 13,640,000 12,046,000 11,478,000 11,081,000             
        prepaid expenses and other current assets
      		24,070,000 20,736,000 18,413,000 28,411,000 18,514,000 13,563,000 14,132,000 11,531,000 10,634,000 13,648,000 12,927,000 14,238,000 11,709,000 13,108,000 13,652,000 10,721,000 9,487,000 10,399,000 8,693,000 9,742,000 
        total current assets
      		169,536,000 187,216,000 174,868,000 177,831,000 174,241,000 169,006,000 151,956,000 145,633,000 148,585,000 232,656,000 226,308,000 236,500,000 242,165,000 255,316,000 261,090,000 339,879,000 345,161,000 350,818,000 368,194,000 191,494,000 
        property and equipment
      		27,888,000 26,652,000 25,437,000 24,190,000 22,992,000 21,038,000 19,539,000 18,217,000 16,946,000 16,249,000 15,305,000 14,214,000 13,561,000 13,468,000 13,503,000 12,754,000 11,828,000 10,891,000 10,418,000 10,308,000 
        right-of-use assets
      		17,774,000 13,462,000 13,856,000 14,213,000 14,579,000 14,875,000 15,180,000 15,479,000 15,754,000            
        deferred costs, net of current portion
      		48,224,000 47,430,000 42,581,000 38,516,000 37,041,000 34,666,000 32,542,000 31,499,000             
        intangibles
      		152,323,000 158,943,000 165,562,000 172,182,000 178,801,000 30,718,000 32,414,000 34,111,000 35,807,000 37,504,000 39,200,000 40,897,000 42,593,000 44,290,000 44,918,000 10,762,000 11,164,000 11,309,000 7,848,000 8,057,000 
        goodwill
      		403,404,000 403,404,000 403,404,000 403,814,000 400,158,000 148,050,000 148,050,000 148,050,000 148,050,000 148,050,000 148,050,000 148,050,000 148,017,000 146,036,000 147,402,000 48,091,000 48,091,000 48,391,000 16,542,000 16,542,000 
        other assets
      		10,190,000 10,120,000 9,467,000 9,643,000 9,349,000 3,840,000 4,176,000 4,653,000 3,949,000 3,982,000 3,955,000 3,235,000 3,096,000 5,162,000 5,280,000 1,214,000 2,275,000 4,905,000 6,521,000 6,522,000 
        total assets
      		829,339,000 847,227,000 835,175,000 840,389,000 837,161,000 422,193,000 403,857,000 397,642,000 399,825,000 482,193,000 472,928,000 482,064,000 488,885,000 485,285,000 491,110,000 430,903,000 436,510,000 441,792,000 424,742,000 248,019,000 
        liabilities and stockholders' equity
      		                    
        current liabilities
      		                    
        accounts payable
      		4,039,000 5,842,000 7,261,000 6,704,000 5,180,000 5,591,000 5,794,000 6,533,000 7,478,000 5,693,000 1,046,000 3,163,000 4,291,000 3,214,000 3,787,000 2,963,000 3,649,000 2,538,000 2,575,000 4,725,000 
        accrued liabilities
      		33,539,000 47,359,000 40,644,000 30,965,000 27,406,000 28,049,000 20,879,000 16,902,000 19,763,000 26,302,000 23,262,000 21,720,000 21,643,000 25,276,000 22,624,000 21,185,000 19,083,000 24,732,000 18,746,000 16,125,000 
        deferred revenues, current portion
      		34,004,000 34,770,000 31,148,000 27,157,000 29,137,000 13,088,000 12,572,000 12,497,000 10,984,000 9,313,000 8,814,000 9,850,000 8,835,000 8,673,000 9,236,000 8,009,000 8,198,000 6,893,000 6,618,000 6,715,000 
        lease liabilities, current portion
      		2,178,000 1,576,000 1,578,000 1,584,000 1,559,000 1,309,000 1,275,000 1,242,000 1,205,000 1,493,000 3,170,000 3,118,000 3,657,000        
        total current liabilities
      		73,760,000 89,547,000 80,631,000 66,410,000 63,282,000 48,037,000 40,520,000 37,174,000 39,430,000 49,176,000 41,605,000 42,101,000 41,614,000 40,038,000 37,444,000 34,752,000 33,198,000 36,104,000 29,553,000 28,851,000 
        deferred revenues, net of current portion
      		25,815,000 25,800,000 24,882,000 25,600,000 25,635,000 16,267,000 16,445,000 17,525,000 15,384,000 14,697,000 13,740,000 13,712,000 13,904,000 13,597,000 13,219,000 13,678,000 13,873,000 13,234,000 13,018,000 13,835,000 
        deferred income taxes
      		2,835,000 2,625,000 2,448,000 2,413,000 2,346,000 1,774,000 1,760,000 1,738,000 1,713,000 1,862,000 1,829,000 1,791,000 1,712,000 341,000 247,000 118,000 85,000    
        convertible senior notes
      		336,706,000 336,230,000 335,717,000 335,208,000 334,720,000                
        revolving loan
      		 15,000,000 25,000,000 50,000,000 60,000,000                
        lease liabilities, net of current portion
      		19,327,000 15,739,000 16,148,000 16,513,000 16,910,000 17,395,000 17,736,000 18,065,000 18,052,000 18,366,000 14,798,000 15,608,000 15,817,000        
        other non-current liabilities
      		242,000 237,000 233,000 229,000 224,000 216,000 212,000 233,000 305,000 376,000 275,000 350,000 400,000 16,400,000 16,450,000 12,800,000 16,500,000 17,893,000 1,393,000 1,393,000 
        total liabilities
      		458,685,000 485,178,000 485,059,000 496,373,000 503,117,000 83,689,000 76,673,000 74,735,000 74,884,000 160,539,000 150,404,000 153,937,000 154,839,000 157,411,000 155,565,000 88,788,000 91,899,000 96,274,000 73,484,000 78,408,000 
        stockholders’ equity
      		                    
        preferred stock, 0.001 par value...
      		                    
        common stock, 0.001 par value...
      		107,000 106,000 105,000 104,000 103,000 100,000 99,000 98,000 97,000 95,000 94,000 93,000 92,000    90,000    
        additional paid-in capital
      		904,363,000 885,796,000 862,423,000 841,520,000 817,958,000 806,962,000 786,201,000 769,608,000 760,210,000 744,212,000 729,607,000 717,450,000 706,407,000 695,324,000 682,946,000 669,284,000 658,374,000 645,934,000 640,456,000 3,974,000 
        accumulated deficit
      		-533,816,000 -523,853,000 -512,412,000 -497,608,000 -484,017,000 -468,558,000 -459,116,000 -446,799,000 -435,366,000 -422,653,000 -407,177,000 -389,416,000 -372,453,000 -367,541,000 -347,492,000 -327,259,000 -313,853,000 -300,504,000 -289,285,000 -277,910,000 
        total stockholders’ equity
      		370,654,000 362,049,000 350,116,000 344,016,000 334,044,000 338,504,000 327,184,000 322,907,000 324,941,000 321,654,000 322,524,000 328,127,000 334,046,000 327,874,000 335,545,000 342,115,000 344,611,000 345,518,000 351,258,000 -273,929,000 
        total liabilities and stockholders' equity
      		829,339,000 847,227,000 835,175,000 840,389,000 837,161,000 422,193,000 403,857,000 397,642,000 399,825,000 482,193,000 472,928,000 482,064,000 488,885,000 485,285,000 491,110,000 430,903,000     
        commitments and contingencies
      		                    
        deferred implementation costs, current
      		        10,329,000 9,496,000 8,923,000 8,438,000 7,855,000 7,053,000 6,717,000 6,529,000 6,272,000 5,736,000 5,434,000 5,063,000 
        deferred implementation costs, net of current portion
      		        30,734,000 27,708,000 26,571,000 25,060,000 24,783,000 21,013,000 18,917,000 18,203,000 17,991,000 15,478,000 15,219,000 15,096,000 
        current portion of long-term debt
      		         6,375,000 5,313,000 4,250,000 3,188,000 2,125,000 1,063,000 1,875,000 1,563,000 1,250,000 938,000 625,000 
        long-term debt
      		         76,062,000 78,157,000 80,375,000 81,392,000 82,415,000 83,391,000 22,438,000 23,053,000 23,668,000 23,967,000 24,267,000 
        right of use assets
      		         16,044,000 13,539,000 14,108,000 14,670,000        
        liabilities, preferred stock, and stockholders' equity
      		                    
        deferred rent and tenant allowance, current portion
      		                    
        deferred rent and tenant allowance, net of current portion
      		             4,620,000 4,814,000 5,002,000 5,190,000 5,375,000 5,553,000 5,726,000 
        deferred rent and tenant allowance, current
      		             750,000 734,000 720,000 705,000 691,000 676,000 661,000 
        preferred stock, 0.001 par, 10,000,000 shares authorized and 0 shares issued and outstanding as of september 30, 2022 and december 31, 2021
      		                    
        common stock
      		             91,000 91,000 90,000  88,000 87,000 7,000 
        preferred stock, 0.001 par, 10,000,000 shares authorized and 0 shares issued and outstanding as of june 30, 2022 and december 31, 2021
      		                    
        preferred stock, 0.001 par, 10,000,000 shares authorized and 0 shares issued and outstanding as of march 31, 2022 and december 31, 2021
      		                    
        liabilities, redeemable convertible preferred stock and stockholders' equity
      		                    
        warrant liability
      		                   4,336,000 
        redeemable convertible preferred stock
      		                   443,540,000 
        redeemable convertible preferred stock, 0.001 par value...
      		                    
        total liabilities, redeemable convertible preferred stock and stockholders' equity
      		                436,510,000 441,792,000 424,742,000 248,019,000 
        preferred stock, 0.001 par, 10,000,000 and 0 shares authorized and 0 shares issued and outstanding as of september 30, 2021 and december 31, 2020, respectively
      		                    
        preferred stock, 0.001 par, 10,000,000 and 0 shares authorized and 0 shares issued and outstanding as of june 30, 2021 and december 31, 2020, respectively
      		                    
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 
                            
          cash flows from operating activities:
        		                    
          net loss
        		-9,963,000 -11,441,000 -14,804,000 -13,591,000 -7,816,000 -9,442,000 -12,317,000 -11,433,000 -12,713,000 -15,476,000 -17,761,000 -16,963,000 -4,912,000 -20,049,000 -20,233,000 -13,406,000 -13,349,000 -11,219,000 -11,375,000 -10,879,000 
          adjustments to reconcile net loss to net cash from operating activities:
        		                    
          depreciation and amortization expense
        		8,124,000 7,857,000 7,869,000 7,756,000 3,430,000 2,679,000 2,613,000 2,562,000 2,790,000 2,695,000 2,560,000 2,586,000 2,563,000 2,550,000 1,944,000 1,018,000 1,059,000 802,000 796,000 786,000 
          accrued interest on marketable securities
        		46,000 -187,000 -127,000 -261,000 -279,000 -141,000 -493,000 -294,000 -1,172,000 -880,000 -781,000 -398,000 -302,000 -31,000 6,000 -42,000     
          stock-based compensation expense
        		17,310,000 19,852,000 20,728,000 19,515,000 16,093,000 15,257,000 15,013,000 13,552,000 13,317,000 13,515,000 12,959,000 11,440,000 11,799,000 12,147,000 11,475,000 9,974,000 6,742,000 3,352,000 3,023,000 1,418,000 
          amortization of discount and debt issuance costs
        		548,000 584,000 582,000 593,000 192,000                
          loss on impairment of intangible assets
        		 0 0 0 1,655,000                
          deferred taxes
        		210,000 177,000 35,000 -3,694,000 -8,312,000 14,000 22,000 25,000 -150,000 33,000 38,000 47,000 -610,000 -242,000 128,000 34,000     
          changes in operating assets and liabilities:
        		                    
          accounts receivable
        		59,000 -819,000 -2,996,000 -889,000 -6,572,000 -3,456,000 -3,235,000 -218,000 -4,233,000 -3,114,000 277,000 -2,183,000 -325,000 1,069,000 -2,228,000 -2,529,000 -540,000 -4,254,000 -975,000 -512,000 
          prepaid expenses and other assets
        		-3,639,000 -3,469,000 9,870,000                  
          accounts payable and accrued liabilities
        		-15,740,000 5,284,000 10,225,000 6,201,000 -2,002,000 6,969,000 3,220,000 -3,873,000 -5,132,000 7,349,000 -836,000 -1,290,000 -4,964,000 1,941,000 1,234,000 415,000 -5,933,000 4,907,000 469,000 7,382,000 
          deferred costs
        		-1,004,000 -5,772,000 -4,258,000 -2,122,000 -158,000 -2,498,000 -1,258,000 -1,311,000             
          deferred revenues
        		-751,000 4,540,000 3,683,000 -2,015,000 3,521,000 338,000 -1,005,000 3,654,000 2,358,000 1,456,000 -1,009,000 824,000 469,000 -187,000 624,000 -384,000 1,945,000 -20,000 -914,000 35,000 
          net cash from operating activities
        		-4,800,000 16,606,000 30,807,000 1,157,000 -5,664,000 10,987,000 548,000 951,000 -5,305,000 3,128,000 -5,710,000 -9,615,000 -13,743,000 -4,676,000 -11,078,000 -8,291,000 -12,157,000 -4,514,000 -10,336,000 -1,952,000 
          capital expenditures
        		-2,574,000 -2,278,000 -2,321,000 -2,159,000 -1,931,000 -2,299,000 -2,077,000 -1,669,000 -284,000 -1,539,000 -1,708,000 -1,370,000 -960,000 -786,000 -1,414,000 -1,542,000 -1,552,000 -1,025,000 -696,000 -424,000 
          free cash flows
        		-7,374,000 14,328,000 28,486,000 -1,002,000 -7,595,000 8,688,000 -1,529,000 -718,000 -5,589,000 1,589,000 -7,418,000 -10,985,000 -14,703,000 -5,462,000 -12,492,000 -9,833,000 -13,709,000 -5,539,000 -11,032,000 -2,376,000 
          cash flows from investing activities:
        		                    
          purchase of marketable securities
        		-17,595,000 -9,352,000 -5,883,000 -8,088,000 -21,883,000 -15,133,000 -8,439,000 -7,149,000 -31,223,000 -46,953,000 -41,653,000 -20,987,000 -23,124,000 -20,504,000 -31,510,000 -112,079,000     
          proceeds from sales, maturities, and redemptions of marketable securities
        		15,950,000                    
          purchases of property and equipment
        		-387,000 -386,000 -274,000 -397,000 -485,000 -305,000 -425,000 -306,000 -284,000 -357,000 -188,000 -229,000 -93,000 -374,000 -308,000 -282,000 -250,000 -393,000 -297,000 -180,000 
          capitalized software development costs
        		-2,187,000 -1,892,000 -2,047,000 -1,762,000 -1,446,000 -1,994,000 -1,652,000 -1,363,000     -867,000 -412,000 -1,106,000 -1,260,000 -1,302,000 -632,000 -399,000 -244,000 
          acquisition of business, net of cash acquired
        		 0 0 0 -375,499,000        -500,000        
          net cash from investing activities
        		-4,219,000 -4,130,000 -1,104,000 -2,947,000 -389,413,000 3,771,000 15,467,000 6,808,000 50,269,000 -16,262,000 -15,861,000 15,765,000 23,666,000 11,902,000 -145,955,000 -113,621,000 -1,552,000 -19,025,000 -696,000 -750,000 
          cash flows from financing activities:
        		                    
          payments on revolving loan
        		-15,000,000 -10,000,000 -25,000,000                  
          debt issuance costs paid
        		 0 0 -1,119,000 -779,000    0 0   0 78,000       
          proceeds from issuance of convertible senior notes
        		 0 0 0 335,513,000                
          proceeds from borrowing under revolving loan
        		 0 0 0 60,000,000                
          purchase of capped calls
        		                    
          proceeds from stock option exercises
        		974,000 1,270,000 187,000 732,000 1,523,000 5,154,000 5,757,000 1,171,000 5,696,000 4,485,000 1,386,000 1,416,000 290,000 827,000 346,000 936,000 2,695,000 1,482,000 2,106,000 2,829,000 
          net cash from financing activities
        		-14,026,000 -6,335,000 -24,813,000 -7,444,000 362,378,000 4,766,000 1,238,000 -4,507,000 -83,018,000 -781,000 -3,452,000 -568,000 -1,714,000 309,000 61,961,000 623,000 5,387,000 1,464,000 187,435,000 -2,013,000 
          net decrease in cash and cash equivalents
        		-23,045,000                   -4,715,000 
          cash and cash equivalents, beginning of period
        		63,457,000 0 0 0 94,359,000                
          cash and cash equivalents, end of period
        		40,412,000 6,141,000 4,890,000 -9,234,000 61,660,000                
          supplemental information and non-cash activities
        		                    
          accrued but unpaid debt issuance costs
        		    1,119,000                
          adjustments to reconcile net loss to net cash provide by (used in) operating activities:
        		                    
          gain on financial instruments
        		       -112,000             
          loss on extinguishment of debt
        		                    
          gain on lease modification
        		        0            
          principal payments on debt
        		        -82,875,000 -1,062,000   0 0 -24,375,000 -313,000     
          payment of holdback funds from acquisition
        		        -2,600,000 0           
          proceeds from espp issuance
        		        1,717,000 0   1,065,000 0       
          payments for taxes related to net settlement of equity awards
        		     -25,000 -7,117,000 -5,678,000 -4,956,000 -4,204,000 -4,841,000 -1,984,000 -2,069,000        
          net increase in cash and cash equivalents
        		 6,141,000 4,890,000 -9,234,000 -32,699,000                
          supplemental disclosure of cash flow information:
        		                    
          cash paid for interest
        		                    
          cash paid for taxes
        		                    
          proceeds from sales, maturities and redemptions of marketable securities
        		  7,100,000 7,300,000 9,900,000 21,203,000 25,983,000 15,626,000             
          proceeds from espp issuances
        		  0   0               
          purchase of capped call transaction
        		  0 0 -33,879,000                
          prepaid expenses and other current assets
        		    -5,416,000 1,171,000 -2,157,000 -1,633,000  -749,000 772,000 -2,654,000  671,000 -3,301,000 -172,000  2,630,000 -2,112,000 -1,207,000 
          amortization of debt issuance costs
        		     96,000 33,000 32,000 28,000 30,000 35,000 45,000 40,000 83,000 19,000 10,000 11,000 13,000 13,000 13,000 
          net increase in cash and cash equivalents and restricted cash
        		     19,524,000 17,253,000 3,252,000    5,582,000 8,209,000 7,535,000   -8,322,000 -22,075,000   
          cash and cash equivalents and restricted cash, beginning of period
        		     0 0 40,927,000 0 0 0 112,337,000 0 0 0 312,954,000  0 0 171,663,000 
          cash and cash equivalents and restricted cash, end of period
        		     19,524,000 17,253,000 44,179,000 -38,054,000 -13,915,000 -25,023,000 117,919,000 8,209,000 7,535,000 -95,072,000 191,665,000  -22,075,000 176,403,000 166,948,000 
          gain from revaluation of contingent consideration
        		                    
          loss on financial instruments
        		        -102,000 -253,000 33,000 -210,000 -246,000 59,000 254,000 133,000 0 0 1,391,000 1,644,000 
          deferred implementation costs
        		        -3,761,000 -1,103,000 -1,997,000 -859,000 -4,572,000 -2,433,000 -902,000 -469,000 -3,047,000 -561,000 -495,000 -556,000 
          deferred rent and tenant allowances
        		             -178,000 -174,000 -173,000 -171,000 -164,000 -157,000 -76,000 
          proceeds from issuance of long-term debt
        		            0 0       
          proceeds from exercise of warrants
        		                0    
          deferred ipo issuance costs paid
        		                0 -663,000 -2,512,000 -1,345,000 
          repurchase of common stock
        		                0 0 0 -3,497,000 
          proceeds from issuance of common stock upon initial public offering, net of underwriting discounts and commissions
        		                0 0   
          payment of series b dividend
        		                0 0   
          gain on revaluation of contingent consideration
        		            -12,800,000 0 0 -2,700,000     
          proceeds from maturities and redemptions of marketable securities
        		         32,230,000 27,500,000 38,122,000 48,250,000 32,500,000       
          capitalized software development costs1
        		         -1,182,000 -1,520,000 -1,141,000         
          net decrease in cash and cash equivalents and restricted cash
        		         -13,915,000      -121,289,000     
          borrowings on line of credit
        		                    
          payments on line of credit
        		                    
          proceeds on sales of preferred stock, net of issuance costs
        		                    
          payments on capital lease obligations
        		                    
          purchase of common stock in tender offer
        		                    
          acquisition of business
        		                0 -18,000,000 0 -326,000 
          supplemental disclosure of noncash financing activities
        		                    
          deferred ipo offering costs not yet paid
        		                  -1,459,000 2,122,000 
          cash, restricted cash, and cash equivalents, beginning of period
        		                    
          cash, restricted cash, and cash equivalents, end of period
        		                    
          supplemental disclosure of noncash investing and financing activities:
        		                    
          accrued property additions