7Baggers
Quarterly
Annual
    Unit: USD2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-10-15 2021-09-30 2021-06-30 2021-03-31 
      
    		             
      cash flows from operating activities:
    		             
      net income
    		-21,275,000 -78,693,000 -51,753,000 -50,507,000 -44,859,000 -326,425,000 -1,592,547,000 -27,641,000 -43,321,000 -151,941,894   -33,671,616 
      adjustments to reconcile net income to net cash from operating activities:
    		             
      depreciation and amortization
    		57,000 3,089,000 3,959,000 3,821,000 3,063,000 7,010,000 6,391,000 6,098,000 5,851,000     
      non-cash lease expense
    		622,000 760,000 750,000 759,000 789,000 786,000 802,000 757,000 334,000     
      share-based compensation expense
    		8,013,000 1,168,000 2,957,000 4,086,000 7,241,000 2,694,000 7,657,000 8,016,000 13,190,000     
      unit-based compensation expense
    		 9,000 354,000 266,000 680,000 235,000 1,119,000 -954,000 157,000     
      impairment of long-lived assets
    		288,000 30,209,000            
      loss on disposal of assets
    		 5,000 56,000 0 14,000         
      (gain) income from change in fair value of warrant liability
    		-9,046,000             
      other
    		 0 5,000 -229,000 243,000 57,000 57,000 -109,000 280,000     
      changes in operating assets and liabilities:
    		             
      accounts receivable
    		-6,288,000 -13,643,000 -684,000 4,379,000 -88,000 -3,200,000 -677,000 -1,971,000 -1,316,000     
      prepaid insurance
    		3,876,000 -999,000 3,901,000 2,539,000 4,332,000 -2,245,000 2,996,000 4,290,000 4,343,000     
      accounts payable and accrued liabilities
    		7,312,000 6,258,000 -3,099,000 4,847,000 -15,991,000 11,412,000 -8,026,000 -959,000 -1,683,000     
      unsettled crypto trades
    		3,553,000             
      due to related party
    		-720,000 1,460,000 760,000 501,000 -659,000 267,000 267,000 267,000 -250,000     
      deferred revenue
    		-1,327,000 260,000 956,000 -278,000 -542,000 -331,000        
      operating lease liabilities
    		-957,000 -941,000 -759,000 -737,000 -592,000 -111,000 3,574,000       
      customer funds payable
    		55,240,000 4,702,000 27,688,000 -20,000 -36,000 -1,000 -14,000 -24,000 79,000     
      other assets and liabilities
    		-995,000 4,614,000 772,000 -315,000 -1,677,000 2,689,000 -1,120,000 322,000 -4,324,000     
      net cash from operating activities
    		38,353,000 -6,806,000 24,595,000 -31,245,000 -47,241,000 -23,692,000 -33,475,000 -27,274,000 -33,156,000 -82,917,964    
      capex
    		-1,316,000 -1,528,000 -1,933,000 -3,302,000 -2,122,000 -8,010,000 -6,548,000 -12,016,000 -1,213,000 0    
      free cash flows
    		37,037,000 -8,334,000 22,662,000 -34,547,000 -49,363,000 -31,702,000 -40,023,000 -39,290,000 -34,369,000 -82,917,964    
      cash flows from investing activities:
    		             
      capitalized internal-use software development costs and other capital expenditures
    		-1,771,000 -1,528,000 -1,859,000 -2,327,000 -3,719,000 -8,010,000 -7,770,000 -11,641,000 -3,122,000     
      purchase of available-for-sale securities
    		-17,996,000 -17,230,000 -17,600,000 0 -26,999,000 -117,834,000 415,000       
      proceeds from the settlement of available-for-sale securities
    		17,463,000             
      acquisition of bumped financial, llc
    		 0 0           
      net cash from investing activities
    		-2,304,000  -9,406,000 5,417,000 69,699,000  67,359,000 -200,815,000 -3,122,000     
      cash flows from financing activities:
    		             
      proceeds from concurrent offerings, net of issuance costs
    		38,964,000             
      repurchase and retirement of class a common stock for withholding purposes
    		-2,259,000             
      net cash from financing activities
    		36,705,000  0    1,000 1,000 1,000     
      effect of exchange rate changes
    		-421,000 472,000 -397,000 339,000 22,000  -775,000 -381,000 188,000     
      net increase in cash, cash equivalents, restricted cash, cash held in escrow, customer funds and deposits
    		72,333,000             
      cash, cash equivalents, restricted cash, cash held in escrow, customer funds and deposits at the beginning of the period
    		118,498,000             
      cash, cash equivalents, restricted cash, cash held in escrow, customer funds and deposits at the end of the period
    		190,831,000             
      supplemental disclosure of cash flow information:
    		             
      non-cash operating lease right-of-use asset acquired
    		 5,000 3,000 4,000 3,776,000 -15,000 85,000 5,240,000 5,696,000     
      supplemental disclosure of non-cash investing and financing activity:
    		             
      capitalized internal-use software development costs and other capital expenditures included in accounts payable and accrued liabilities
    		455,000             
      reconciliation of cash, cash equivalents, restricted cash, cash held in escrow, customer funds and deposits to consolidated balance sheet:
    		             
      cash and cash equivalents
    		56,600,000 -15,337,000 -16,300,000 33,685,000 50,834,000 -61,518,000 33,099,000 -228,445,000 355,196,000     
      restricted cash
    		44,008,000 3,576,000 3,404,000 5,553,000 19,305,000 -25,000 25,000 0 16,500,000     
      cash held in escrow
    		    67,209,000         
      customer funds
    		88,165,000 4,702,000 27,688,000 -20,000 555,000 -1,000 -14,000 -24,000 630,000     
      deposits
    		2,058,000             
      total cash, cash equivalents, restricted cash, cash held in escrow, customer funds and deposits
    		190,831,000             
      adjustments to reconcile net income to net cash from operating activities
    		             
      change in fair value of contingent consideration liability
    		             
      forfeiture and cancellation of common units
    		 0    0 -110,000       
      deferred income taxes
    		     -2,736,000        
      goodwill and intangible assets impairments
    		 37,174,000    274,378,000        
      gain from change in fair value of warrant liability
    		 714,000 214,000 -357,000 1,000,000  -428,000 -10,283,000 -2,428,000     
      deposits with clearinghouse
    		 0 15,150,000 0 -159,000         
      proceeds from the maturity of available-for-sale securities
    		 22,600,000 10,007,000 52,110,000 101,048,000 90,461,000        
      acquisition of apex crypto llc, net of cash acquired
    		 -3,582,000 46,000           
      net cash from investing activities:
    		             
      repurchase and retirement of class a common stock
    		 -132,000 0           
      proceeds from the exercise of warrants
    		     -1,000 1,000 1,000 1,000     
      net cash from financing activities:
    		             
      net increase in cash, cash equivalents, deposits, restricted cash and customer funds
    		             
      cash, cash equivalents, deposits, restricted cash and customer funds at the beginning of the period
    		             
      cash, cash equivalents, deposits, restricted cash and customer funds at the end of the period
    		             
      cash paid for income taxes
    		             
      reconciliation of cash, cash equivalents, deposits, restricted cash and customer funds to consolidated balance sheets:
    		             
      total cash, cash equivalents, deposits, restricted cash and customer funds
    		             
      net increase in cash, cash equivalents, restricted cash and customer funds
    		             
      cash, cash equivalents, restricted cash and customer funds at the beginning of the period
    		     0 0 0 408,415,000     
      cash, cash equivalents, restricted cash and customer funds at the end of the period
    		     -61,544,000 33,110,000 -228,469,000 372,326,000     
      capitalized internal-use software development costs and other capital expenditures included in accounts payable and accrued liabilities.
    		  -74,000 -975,000 1,597,000  1,222,000 -375,000 1,909,000     
      reconciliation of cash, cash equivalents, restricted cash and customer funds to consolidated balance sheets:
    		             
      total cash, cash equivalents, restricted cash and customer funds
    		     -61,544,000 33,110,000 -228,469,000 372,326,000     
      net increase in cash, cash equivalents, restricted cash, cash held in escrow and customer funds
    		   -27,991,000 22,480,000         
      cash, cash equivalents, restricted cash, cash held in escrow and customer funds at the beginning of the period
    		   0 115,423,000         
      cash, cash equivalents, restricted cash, cash held in escrow and customer funds at the end of the period
    		   -27,991,000 137,903,000         
      deferred tax effect resulting from exchanges of opco common units
    		             
      reconciliation of cash, cash equivalents, restricted cash, cash held in escrow and customer funds to consolidated balance sheets:
    		             
      total cash, cash equivalents, restricted cash, cash held in escrow and customer funds
    		   -27,991,000 137,903,000         
      acquisition of bumped llc
    		    -631,000         
      reconciliation of cash, cash equivalents, restricted cash, cash held in escrow and customer funds to consolidated balance sheet:
    		             
      recognition of affiliate capital contribution
    		             
      amortization of customer consideration asset
    		             
      loss on sale of shares of affiliate stock
    		             
      (gain) on extinguishment of software license liability
    		             
      modification and vesting of class c warrant
    		             
      proceeds from disposal of assets
    		             
      proceeds from sale of shares of affiliate stock
    		             
      cash acquired through business combination
    		             
      payment of finance lease liability
    		             
      repurchase of redeemed class a common stock
    		             
      payment of deferred underwriting fee
    		             
      proceeds from pipe, net of issuance costs
    		             
      effect of exchange rate changes.
    		             
      issuance of class a voting units in exchange of capital contribution
    		             
      cashless exercise of private placement warrants
    		             
      deposits with clearinghouse affiliate
    		      0       
      proceeds from sale of equipment
    		             
      net decrease in cash, cash equivalents, restricted cash and customer funds
    		      33,110,000 -228,469,000 -36,089,000     
      exercise of class b warrant
    		             
      reconciliation of cash, cash equivalents, restricted cash and customer funds to consolidated balance sheet:
    		             
      deferred income tax benefit
    		       -5,104,000 -3,144,000     
      unrealized gain on investment in shares of affiliate stock
    		             
      deferred revenues
    		       -573,000 -943,000     
      cancellation of common units
    		        -60,000     
      operating lease liabilities.
    		        79,000     
      acquisition-related expenses paid by affiliate
    		             
      income from change in fair value of warrant liability
    		             
      gain on extinguishment of software license liability
    		             
      other receivable
    		             
      proceeds from maturities of short-term investments
    		             
      repurchase of redeemed class a ordinary shares
    		             
      proceeds from issuance of class c voting units
    		             
      issuance of class b warrant
    		             
      non-cash contribution of bridge2 holdings by affiliate
    		             
      change in fair value of warrant liabilities
    		             
      formation cost paid by sponsor in exchange for issuance of founder shares
    		             
      interest earned on investments held in trust account
    		             
      transaction costs allocated to warrants
    		             
      prepaid expenses
    		             
      accounts payable and accrued expenses
    		             
      investment of cash into trust account
    		             
      proceeds from sale of units, net of underwriting discount paid
    		             
      proceeds from sale of private placement units
    		             
      payment of offering costs
    		             
      repayment of promissory note – related party
    		             
      net change in cash
    		             
      cash – beginning of period
    		             
      cash – end of period
    		             
      non-cash investing and financing activities:
    		             
      offering costs included in accrued offering costs
    		             
      offering costs paid by sponsor in exchange for issuance of founder shares
    		             
      offering costs paid through promissory note
    		             
      initial classification of class a ordinary shares subject to possible redemption
    		             
      deferred underwriting fee payable
    		             
      balance sheet as of december 31, 2020
    		             
      class a ordinary shares subject to possible redemption
    		             
      class a ordinary shares
    		             
      additional paid-in capital
    		             
      accumulated deficit
    		             
      total shareholders’ equity
    		             
      statement of cash flows for the period of july 31, 2020 through september 30, 2020
    		             
      change in value of class a ordinary shares subject to possible redemption
    		             
      redeemable class a ordinary shares
    		             
      numerator: earnings allocable to redeemable class a ordinary shares interest income
    		             
      redeemable net earnings
    		           -2,179 9,704 
      denominator: weighted-average redeemable class a ordinary shares redeemable class a ordinary shares, basic and diluted
    		             
      basic and diluted earnings per share – redeemable class a ordinary shares
    		           0 0 
      non-redeemable class b ordinary shares
    		             
      numerator: net income
    		             
      non-redeemable net income
    		           54,943,453 -33,681,320 
      denominator: weighted-average non-redeemable class b ordinary shares non-redeemable class b ordinary shares, basic and diluted
    		             
      basic and diluted earnings per share – non-redeemable class b ordinary shares
    		           10.6 -6.5 
      numerator: earnings allocable to redeemable class a ordinary shares
    		             
      interest income
    		            9,704 
      denominator: weighted-average redeemable class a ordinary shares
    		             
      redeemable class a ordinary shares, basic and diluted
    		            20,737,202 
      numerator: net income minus redeemable net earnings
    		             
      denominator: weighted-average non-redeemable class b ordinary shares
    		             
      non-redeemable class b ordinary shares, basic and diluted
    		            5,184,300 
      earnings/basic and diluted redeemable class a ordinary shares
    		             
      loss/basic and diluted non-redeemable class b ordinary shares
    		             
    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.