7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 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 2020-12-31 2020-09-30 2020-06-30 2020-03-31 
      
    		                       
      cash flows from operating activities:
    		                       
      net income
    		-2,962,000 -7,072,000 -11,589,000 33,548,000 8,912,000 7,595,000 31,809,000 -40,421,000 -27,861,000 -15,871,000 -31,138,000 -95,076,000 -81,640,000 -84,942,000 -86,720,000 -79,014,000 -75,685,000 -41,862,000 -26,728,000 -17,179,000 -12,951,000 -9,498,000 -8,319,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                       
      stock-based compensation
    		58,805,000 59,761,000 62,230,000 65,884,000 54,657,000 58,339,000 59,389,000 65,500,000 65,147,000 57,850,000 63,792,000 119,305,000 72,620,000 56,776,000 52,810,000 49,684,000 37,887,000 37,027,000 10,680,000 10,689,000 9,894,000 7,628,000 5,085,000 
      amortization of intangible assets
    		15,165,000 15,165,000 15,165,000 14,657,000 16,938,000 19,293,000 20,220,000 20,222,000 20,221,000 20,221,000 20,221,000 19,994,000 19,769,000 19,768,000 19,769,000 19,768,000 16,672,000       
      depreciation of property and equipment
    		3,839,000 3,160,000 3,171,000 3,510,000 3,169,000 3,671,000 3,209,000 3,240,000 3,718,000 3,351,000 2,826,000 2,535,000 2,546,000           
      amortization of capitalized internal-use software costs and other paid in cash
    		4,507,000                       
      amortization of debt discount and issuance costs
    		1,610,000                  11,819,000     
      accretion of discount on investments in marketable debt securities
    		-7,464,000 -7,590,000 -7,738,000 -9,431,000 -12,241,000                   
      accretion of discount on loans held for investment
    		-6,533,000 -5,976,000 -5,279,000 -5,329,000 -4,631,000 -3,678,000                  
      benefit from expected credit losses on acquired card receivables and other financial assets
    		16,096,000 15,785,000 14,945,000 21,358,000 20,661,000                   
      non-cash operating lease expense
    		2,019,000 1,990,000 2,067,000 2,062,000 2,045,000 2,052,000 2,038,000 2,164,000 2,388,000 2,379,000 2,396,000 2,376,000 2,342,000 2,294,000 2,224,000 2,123,000 1,960,000 1,178,000 958,000 912,000 765,000   
      other
    		368,000 -514,000 319,000 418,000 172,000 -31,000 4,402,000 -2,053,000 -562,000 -221,000 832,000 -414,000 930,000 -375,000 0 -69,000 -282,000       
      changes in assets and liabilities:
    		                       
      accounts receivable
    		273,000 -5,740,000 2,442,000 2,868,000 -4,028,000 3,864,000 -4,185,000 -3,317,000 3,707,000 5,487,000 -2,917,000 -2,278,000 -4,774,000 2,814,000 -2,426,000 -4,618,000 1,198,000 -1,203,000 -2,547,000 -1,995,000 -790,000 -2,012,000 1,351,000 
      prepaid expenses and other current assets
    		5,403,000 -8,780,000 9,101,000 -26,164,000 -1,143,000 -12,238,000 5,564,000 4,553,000 -4,704,000 -9,367,000 -2,854,000 -3,284,000 -1,339,000 -10,004,000 5,581,000 -14,868,000 6,321,000 7,108,000 -886,000 -6,261,000 2,314,000 409,000 -9,235,000 
      other assets
    		-1,378,000 19,000 -516,000 2,004,000 6,910,000 9,596,000 -828,000 -166,000 -1,074,000 2,360,000 -160,000 -742,000 -1,138,000 6,073,000 131,000 286,000 -1,385,000 -726,000 -532,000 -4,483,000 -6,784,000 -3,881,000 -466,000 
      accounts payable
    		-9,797,000 6,453,000 3,834,000 -5,878,000 3,804,000 773,000 -2,131,000 2,741,000 -2,508,000 -421,000 -4,776,000 2,000,000 1,511,000 664,000 -2,412,000 -1,291,000 -732,000 6,490,000 -439,000 -200,000 1,566,000 -121,000 -2,621,000 
      other accruals and current liabilities
    		20,826,000 15,841,000 7,246,000 16,926,000 -9,791,000 14,180,000 -14,132,000 23,230,000 -2,286,000 24,826,000 -5,769,000 11,161,000 4,247,000 -5,205,000 24,095,000 6,500,000 -17,930,000       
      operating lease liabilities
    		-2,331,000 -2,225,000 -2,759,000 -2,080,000 -2,348,000 -2,280,000 -2,642,000 -2,494,000 -2,423,000 -2,592,000 -2,917,000 -2,408,000 -2,386,000 -2,286,000 -2,639,000 -2,160,000 -792,000 613,000 852,000 1,166,000 5,764,000   
      deferred revenue
    		-1,591,000 734,000 8,000 147,000 657,000 -529,000 202,000 -2,788,000 -2,449,000 -2,603,000 -3,031,000 -406,000 -1,303,000 408,000 810,000 -1,185,000 5,566,000 3,930,000 2,892,000 -406,000 438,000 314,000 1,834,000 
      net cash from operating activities
    		96,855,000 83,816,000 99,530,000 78,716,000 88,582,000 78,620,000 66,809,000 79,681,000 53,661,000 80,355,000 34,031,000 55,230,000 18,152,000 -10,474,000 26,445,000 -12,930,000 -21,134,000 17,786,000 -1,580,000 -9,227,000 -2,356,000 -1,103,000 822,000 
      capex
    		-14,593,000 -15,337,000 -7,460,000 -6,720,000 -7,039,000 -5,527,000 -3,849,000 -5,469,000 -6,048,000 -7,473,000 -10,059,000 -7,531,000 -6,140,000 -4,469,000 -3,677,000 -3,144,000 -4,346,000 -3,106,000 -3,804,000 -8,088,000 -6,208,000 -5,851,000 -2,913,000 
      free cash flows
    		82,262,000 68,479,000 92,070,000 71,996,000 81,543,000 73,093,000 62,960,000 74,212,000 47,613,000 72,882,000 23,972,000 47,699,000 12,012,000 -14,943,000 22,768,000 -16,074,000 -25,480,000 14,680,000 -5,384,000 -17,315,000 -8,564,000 -6,954,000 -2,091,000 
      cash flows from investing activities:
    		                       
      purchases of corporate and customer fund short-term investments
    		-372,347,000 -532,761,000 -1,104,408,000 -572,575,000 -637,992,000 -639,810,000 -1,052,609,000 -590,652,000 -399,588,000 -349,245,000 -753,325,000 -781,282,000 -859,911,000 -625,570,000 -723,708,000 -843,867,000 -608,552,000 -584,271,000 -784,583,000 -358,097,000 -343,345,000 -257,917,000 -416,046,000 
      proceeds from maturities and sales of corporate and customer fund short-term investments
    		328,254,000 487,261,000 624,617,000 539,073,000 563,677,000                   
      purchases of loans held for investment
    		-241,680,000 -222,041,000 -196,212,000 -198,987,000 -181,686,000 -140,711,000 -108,830,000 -77,357,000 -32,756,000               
      principal repayments of loans held for investment
    		244,471,000 223,218,000 194,846,000 197,462,000 171,987,000 134,311,000 97,561,000 68,970,000 25,330,000               
      acquired card receivables
    		-52,826,000 16,949,000 -153,338,000 54,918,000 -47,968,000 -45,636,000 -127,508,000 29,991,000 -42,333,000               
      purchases of property and equipment
    		-1,299,000 -2,789,000    -205,000 -16,000 -352,000 -403,000 -1,090,000 -3,338,000 -1,785,000 -1,376,000 -1,619,000 -1,291,000 -1,063,000 -1,404,000 -1,840,000 -3,426,000 -7,742,000 -5,894,000 -5,701,000 -2,764,000 
      capitalization of internal-use software costs
    		-13,294,000 -12,548,000 -7,460,000 -6,720,000 -7,039,000 -5,322,000 -3,833,000 -5,117,000 -5,645,000 -6,383,000 -6,721,000 -5,746,000 -4,764,000 -2,850,000 -2,386,000 -2,081,000 -2,942,000 -1,266,000 -378,000 -346,000 -314,000 -150,000 -149,000 
      net cash from investing activities
    		-108,721,000 -43,589,000 -644,105,000 9,842,000 -139,538,000 -42,986,000 -617,981,000 -50,181,000 301,774,000 379,208,000 -25,385,000 38,777,000 -133,315,000 -51,405,000 -106,586,000 -515,439,000 -453,872,000 -863,698,000 -383,918,000 -105,817,000 -73,457,000 -137,264,000 48,956,000 
      amortization of capitalized internal-use software costs paid in cash
    		 3,561,000 3,114,000                     
      gain on debt extinguishment
    		 0 0   -10,939,000                  
      other long-term liabilities
    		 -2,215,000 2,385,000   -11,963,000 -2,570,000 -15,000 -32,000 -2,825,000 -307,000 1,000 34,000 -7,051,000 2,000,000 -1,577,000 -121,000 16,000 3,000 -765,000 1,338,000 2,302,000 10,502,000 
      cash paid for acquisition, net of acquired cash and cash equivalents
    		         0 0   192,000 0 -89,000 -144,452,000       
      purchase of intangible assets
    		 0 0                     
      proceeds from beneficial interest
    		         0 0 0 2,080,000           
      cash flows from financing activities:
    		                       
      proceeds from issuance of convertible senior notes
    		                       
      cash paid for convertible senior notes issuance costs
    		                       
      payments for repurchase of convertible senior notes
    		     -222,256,000                  
      proceeds from unwind of capped calls
    		     1,190,000                  
      purchase of capped calls
    		                 0 0     
      customer fund deposits liability and other
    		     198,588,000 -144,394,000 390,960,000 -91,190,000               
      prepaid card deposits
    		     2,875,000 -4,292,000 -2,505,000 -13,979,000               
      repurchase of common stock
    		     0 0 -199,841,000 -12,061,000 -63,614,000              
      proceeds from line of credit borrowings
    		     0    0 22,500,000             
      cash paid for line of credit issuance costs
    		                       
      proceeds from exercise of stock options
    		     1,589,000 1,473,000 2,106,000 2,946,000 3,012,000 2,643,000 4,316,000 3,901,000 4,908,000 6,332,000 14,448,000 8,336,000 5,175,000 5,592,000 8,480,000 8,962,000 10,486,000 845,000 
      tax withholdings related to net share settlements of equity awards
    		     -2,181,000                  
      proceeds from issuance of common stock under the employee stock purchase plan
    		     0 8,649,000 0 7,846,000 0 9,385,000 0 8,494,000 0 7,123,000 0 5,726,000 0 4,537,000 0 4,327,000   
      contingent consideration payout
    		     0 -5,291,000 0 -5,471,000               
      net cash from financing activities
    		     -20,195,000 -801,215,000 190,720,000 -111,909,000 195,400,000 -347,162,000 389,026,000 -2,154,000 138,706,000 -323,430,000 959,179,000 2,104,111,000 283,540,000 -280,235,000 1,599,000,000 37,278,000 609,297,000 -136,087,000 
      effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents
    		     157,000 -390,000 173,000 -180,000  -170,000 459,000 -277,000   97,000 -172,000       
      net increase in cash, cash equivalents, restricted cash, and restricted cash equivalents
    		     15,596,000 -1,352,777,000 220,393,000 243,346,000 654,913,000 -338,686,000 483,492,000 -117,594,000 76,678,000 -403,496,000 430,907,000 1,628,933,000 -562,372,000 -665,733,000 1,483,956,000 -38,535,000   
      cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of year
    		                       
      cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year
    		                       
      reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents within the consolidated balance sheets to the amounts shown in the consolidated statements of cash flows above:
    		                       
      cash and cash equivalents
    		     33,467,000 -627,159,000 52,451,000 1,527,182,000 26,591,000 -26,198,000 7,792,000 1,608,966,000 -42,829,000 -32,795,000 -341,267,000 2,013,433,000 -714,109,000 -344,960,000 1,004,531,000 564,153,000   
      restricted cash included in other current assets
    		     21,070,000 49,569,000 5,149,000 98,313,000 -9,501,000 -6,986,000 32,180,000 71,629,000 56,909,000 11,979,000 -255,000 16,619,000 10,942,000 -84,000 0 119,000   
      restricted cash included in other assets
    		     0 -1,819,000 28,000 7,088,000 7,086,000 0 0 6,724,000 0 0 0 6,724,000       
      restricted cash and restricted cash equivalents included in funds held for customers
    		     -38,942,000 -773,368,000 162,766,000 2,835,603,000 630,737,000 -305,502,000 443,520,000 1,737,802,000 62,599,000 -382,680,000 772,429,000 1,401,849,000 133,920,000 -320,689,000 479,425,000 989,570,000   
      total cash, cash equivalents, restricted cash, and restricted cash equivalents, end of year
    		                       
      supplemental disclosure of cash flow information:
    		                       
      cash paid for interest during the period
    		                       
      cash paid for income taxes during the period
    		                       
      noncash investing and financing activities:
    		                       
      payable on purchases of property and equipment and internal-use software costs
    		                       
      payable on purchases of acquired card receivables
    		                       
      payable on repurchase of common stock
    		                       
      payable on excise tax
    		                       
      issuance and exercise of warrants
    		                       
      amortization of debt issuance costs
    		  1,384,000 1,001,000 895,000 1,064,000                  
      amortization of capitalized internal-use software costs
    		    3,944,000 3,037,000 2,593,000 2,387,000 1,352,000 1,206,000 1,108,000 977,000 924,000           
      amortization of premium (accretion of discount) on investments in marketable debt securities
    		       -11,078,000 -13,093,000 -13,484,000 -13,309,000 -8,186,000 -2,215,000 1,347,000 3,401,000 3,781,000 2,857,000 2,722,000 1,247,000 677,000 46,000   
      deferred income taxes
    		     -235,000 -10,000 -74,000 -42,000 -192,000 -343,000 -527,000 -299,000 616,000 -869,000 121,000 -3,943,000       
      proceeds from maturities of corporate and customer fund short-term investments
    		     654,887,000 575,715,000 524,336,000 757,169,000 773,132,000 827,416,000 845,314,000 838,099,000 593,824,000 640,796,000 348,947,000 318,907,000 273,599,000 329,774,000 256,827,000 244,332,000 209,689,000 189,075,000 
      proceeds from sale of corporate and customer fund short-term investments
    		     0    0 6,519,000   5,000,000 6,000,000 27,510,000 17,234,000 23,593,000 83,786,000 2,000,000 33,286,000 20,822,000 2,612,000 
      proceeds from issuance of common stock upon public offering, net of underwriting discounts and other offering costs
    		             0 -30,000 -445,000 1,341,597,000       
      proceeds from issuance of convertible senior notes, net of discounts and issuance costs
    		             0 0 -2,629,000 562,704,000       
      payments on line of credit and bank borrowings
    		                       
      fair value of shares issued as consideration for acquisition
    		                       
      fair value of stock-based awards assumed in acquisition
    		                       
      fair value of earn-out consideration for acquisition
    		                       
      benefit from credit losses on acquired card receivables and other financial assets
    		                       
      cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of period
    		      0 1,000 4,224,840,000  0 0 3,542,715,000  0 0 1,809,692,000  0 0 1,592,377,000   
      cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period
    		      -1,352,777,000 220,394,000 4,468,186,000  -338,686,000 483,492,000 3,425,121,000  -403,496,000 430,907,000 3,438,625,000  -665,733,000 1,483,956,000 1,553,842,000   
      reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents within the condensed consolidated balance sheets to the amounts shown in the condensed consolidated statements of cash flows above:
    		                       
      total cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period
    		      -1,352,777,000 220,394,000 4,468,186,000  -338,686,000 483,492,000 3,425,121,000  -403,496,000 430,907,000 3,438,625,000 -562,372,000 -665,733,000 1,483,956,000 1,553,842,000   
      amortization of debt issuance costs, net of accretion of debt premium
    		       1,762,000 1,761,000               
      benefit from losses on acquired card receivables and other financial assets
    		       16,288,000 12,401,000               
      amortization of debt discount and issuance costs, net of accretion of debt premium
    		                       
      increase in acquired card receivables
    		              -20,685,000 -37,507,000 -31,717,000       
      increase in customer fund deposits liability and other
    		         229,418,000 -357,689,000 347,210,000 -14,549,000           
      increase in prepaid card deposits
    		                       
      effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents
    		                       
      recognition of beneficial interest
    		                       
      amortization of debt premium and issuance costs
    		          1,734,000             
      benefit from losses on acquired card receivables
    		          8,643,000 8,431,000 6,611,000 4,258,000 6,086,000 5,486,000 4,049,000       
      increase in acquired card receivables, net and other
    		          -95,936,000             
      amortization of debt discount (accretion of debt premium) and issuance costs
    		            1,712,000 1,415,000 1,407,000 1,399,000 556,000       
      increase in acquired card receivables and other
    		            -107,443,000           
      depreciation and amortization
    		             941,000 3,197,000 2,635,000 2,388,000 1,901,000 1,525,000 1,000,000 924,000 1,052,000 1,100,000 
      proceeds from issuance of common stock upon initial public offering, net of underwriting discounts and commissions and other offering costs
    		                     -63,000 -1,021,000 
      proceeds from issuance of common stock upon follow-on public offering, net of underwriting discounts and commissions and other offering costs
    		                       
      cash paid for interest
    		                       
      payable on purchases of property and equipment
    		                       
      conversion of redeemable convertible preferred stock into common stock upon initial public offering
    		                       
      reclassification of redeemable convertible preferred stock warrant liabilities into additional paid-in capital upon initial public offering
    		                       
      receivable from broker-assisted exercises of stock options
    		                       
      accrued stock and debt issuance costs
    		                       
      increase in other receivables included in funds held for customers
    		              -5,312,000 -7,289,000 -946,000 -1,720,000   -1,522,000   
      purchase of capped call
    		              0 0 -37,893,000       
      increase in customer fund deposits liability
    		              -336,855,000 947,874,000 223,923,000 278,758,000 -287,840,000 548,777,000 24,653,000 290,698,000 -138,211,000 
      payments of line of credit borrowings
    		                       
      unbilled revenue
    		                 -253,000 -495,000 -445,000 -376,000 802,000 -242,000 
      cash paid for acquisition, net of acquired cash
    		                       
      proceeds from issuance of convertible senior notes, net of discount and issuance costs
    		                 0 -224,000     
      proceeds from issuance of redeemable convertible preferred stock, net of issuance costs
    		                       
      restricted cash included in other long-term assets
    		                       
      revaluation of warrant liabilities
    		                       
      deferred income tax
    		                  0     
      accrued and other current liabilities
    		                  71,000 4,491,000 -4,504,000 2,862,000 2,342,000 
      payments on line of credit borrowings
    		                       
      payments of offering costs related to the follow-on public offering
    		                  0 0 -664,000   
      proceeds from exercise of stock warrants
    		                     0 0 
      payments of deferred debt issuance costs
    		                     0 0 
      decrease (increase) in other receivables included in funds held for customers
    		                       
      payments of deferred offering costs
    		                       
      revaluation of warrant liabilities and forfeiture of warrants
    		                     0 0 
      issuance of warrants
    		                       
      proceeds from line of credit and bank borrowings
    		                       
      payments on bank borrowings
    		                       
      accrued offering and debt issuance costs
    		                       
      accretion of discount on investment in marketable debt securities
    		                      -509,000 
      decrease (increase) in restricted cash and cash equivalents and other receivables included in funds held for customers
    		                       
      decrease (increase) in restricted cash
    		                       
      net increase in cash and cash equivalents
    		                      -86,309,000 
      cash and cash equivalents, beginning of period
    		                      0 
      cash and cash equivalents, end of period
    		                      -86,309,000 
      increase in restricted cash and cash equivalents and other receivables included in funds held for customers
    		                       
      decrease in restricted cash
    		                       
      noncash financing activities:
    		                       
      accrued offering costs
    		                       
      accrued preferred stock issuance costs
    		                       
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.