Cardlytics, Inc(NASDAQ:CDLX)

Cardlytics, Inc. operates an advertising platform within financial institutions digital channels that include online, mobile, email, and various real-time notifications in the United States and the United Kingdom. It offers Cardlytics platform, a proprietary native bank advertising channel that enab...
Website: http://www.cardlytics.com
Founded: 2008
Full Time Employees: 486
CEO: Scott Grimes
Sector: Communication Services
Industry: Internet Content & Information
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At a glance:
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Income Statements:
Quarterly
Annual
| Unit: USD | 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 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 56,095,000 | 52,031,000 | 63,249,000 | 61,898,000 | 73,997,000 | 67,057,000 | 69,636,000 | 67,608,000 | 89,167,000 | 79,005,000 | 76,701,000 | 64,331,000 | 82,503,000 | 72,706,000 | 75,405,000 | 67,928,000 | 90,049,000 | 64,984,000 | 58,853,000 | 53,230,000 | 67,082,000 | 46,079,000 | 28,222,000 | 45,509,000 | 69,293,000 | 56,419,000 | 48,730,000 | 35,988,000 | 47,819,000 | 34,582,000 | 35,570,000 | 32,713,000 | |
yoy | -24.19% | -22.41% | -9.17% | -8.45% | -17.01% | -15.12% | -9.21% | 5.09% | 8.08% | 8.66% | 1.72% | -5.30% | -8.38% | 11.88% | 28.12% | 27.61% | 34.24% | 41.03% | 108.54% | 16.97% | -3.19% | -18.33% | -42.08% | 26.46% | 44.91% | 63.15% | 37.00% | 10.01% | |||||
qoq | 7.81% | -17.74% | 2.18% | -16.35% | 10.35% | -3.70% | 3.00% | -24.18% | 12.86% | 3.00% | 19.23% | -22.03% | 13.47% | -3.58% | 11.01% | -24.57% | 38.57% | 10.42% | 10.56% | -20.65% | 45.58% | 63.27% | -37.99% | -34.32% | 22.82% | 15.78% | 35.41% | -24.74% | 38.28% | -2.78% | 8.73% | ||
costs and expenses: | |||||||||||||||||||||||||||||||||
partner share and other third-party costs | 24,395,000 | 22,001,000 | 27,103,000 | 29,450,000 | 33,285,000 | 30,675,000 | 33,258,000 | 30,543,000 | 41,880,000 | 36,144,000 | 39,170,000 | 33,384,000 | 42,511,000 | 37,563,000 | 40,280,000 | 35,153,000 | 47,459,000 | 34,090,000 | 29,953,000 | 29,771,000 | |||||||||||||
delivery costs | 5,810,000 | 5,730,000 | 6,883,000 | 7,288,000 | 7,979,000 | 7,830,000 | 7,661,000 | 6,173,000 | 7,797,000 | 7,012,000 | 7,015,000 | 6,424,000 | 6,583,000 | 9,125,000 | 8,162,000 | 6,533,000 | 6,427,000 | 6,390,000 | 5,748,000 | 3,938,000 | 3,907,000 | 3,498,000 | 3,499,000 | 3,406,000 | 3,207,000 | 3,070,000 | 3,370,000 | 3,246,000 | 3,123,000 | 3,007,000 | 2,559,000 | 1,943,000 | |
sales and marketing expense | 7,524,000 | 7,865,000 | 11,335,000 | 12,754,000 | 11,343,000 | 13,163,000 | 14,025,000 | 14,118,000 | 14,111,000 | 14,161,000 | 15,205,000 | 13,948,000 | 16,825,000 | 18,289,000 | 21,983,000 | 17,648,000 | 18,998,000 | 16,733,000 | 17,063,000 | 13,202,000 | 12,502,000 | 11,432,000 | 10,405,000 | 10,968,000 | 12,370,000 | 11,074,000 | 11,047,000 | 9,337,000 | 13,963,000 | 9,452,000 | 10,247,000 | 8,216,000 | |
research and development expense | 7,965,000 | 8,799,000 | 11,295,000 | 11,706,000 | 9,895,000 | 13,194,000 | 13,470,000 | 13,048,000 | 12,511,000 | 12,430,000 | 14,847,000 | 11,564,000 | 14,801,000 | 13,762,000 | 13,581,000 | 12,291,000 | 11,811,000 | 11,141,000 | 8,934,000 | 6,218,000 | 5,088,000 | 4,627,000 | 3,966,000 | 3,851,000 | 2,958,000 | 3,018,000 | 2,782,000 | 2,941,000 | 3,766,000 | 4,097,000 | 4,888,000 | 3,459,000 | |
general and administrative expense | 9,730,000 | 10,854,000 | 12,905,000 | 13,778,000 | |||||||||||||||||||||||||||||
acquisition, integration and divestiture costs | -1,000 | ||||||||||||||||||||||||||||||||
change in contingent consideration | 42,000 | 60,000 | 100,000 | 100,000 | -5,808,000 | 5,817,000 | |||||||||||||||||||||||||||
impairment of goodwill and intangible assets | 58,843,000 | 131,595,000 | |||||||||||||||||||||||||||||||
loss on disposal or divestiture | -1,207,750 | 320,000 | 200,000 | -5,350,000 | |||||||||||||||||||||||||||||
depreciation and amortization expense | 6,205,000 | 6,473,000 | 6,275,000 | 6,291,000 | 5,940,000 | 6,970,000 | 6,529,000 | 6,250,000 | 6,695,000 | 5,990,000 | 7,200,000 | 6,575,000 | 6,849,000 | 10,468,000 | 10,356,000 | 9,871,000 | 9,598,000 | 8,375,000 | 8,833,000 | 3,065,000 | 2,017,000 | 1,933,000 | 1,545,000 | 2,331,000 | 1,354,000 | 1,167,000 | 1,053,000 | 961,000 | 811,000 | 777,000 | 784,000 | 910,000 | |
total costs and expenses | 62,190,000 | 120,885,000 | 76,038,000 | 75,977,000 | 82,311,000 | 215,603,000 | 85,448,000 | 90,434,000 | 192,089,000 | 99,657,000 | 101,024,000 | 52,104,000 | 465,138,000 | 61,186,000 | 197,724,000 | 32,272,000 | 106,458,000 | 104,777,000 | 101,601,000 | 75,399,000 | 73,199,000 | 62,218,000 | 47,960,000 | 57,438,000 | 68,037,000 | 63,017,000 | 54,212,000 | 42,489,000 | 58,627,000 | 43,240,000 | 47,204,000 | 42,530,000 | |
operating income | -6,095,000 | -68,854,000 | -12,789,000 | -14,079,000 | -8,314,000 | -148,546,000 | -15,812,000 | -22,826,000 | -102,922,000 | -20,652,000 | -24,323,000 | 12,227,000 | -382,635,000 | 11,520,000 | -122,319,000 | 35,656,000 | -16,409,000 | -39,793,000 | -42,748,000 | -22,169,000 | -6,117,000 | -16,139,000 | -19,738,000 | -11,929,000 | 1,256,000 | -6,598,000 | -5,482,000 | -6,501,000 | -10,808,000 | -8,658,000 | -11,634,000 | -9,817,000 | |
yoy | -26.69% | -53.65% | -19.12% | -38.32% | -91.92% | 619.28% | -34.99% | -286.69% | -73.10% | -279.27% | -80.12% | -65.71% | 2231.86% | -128.95% | 186.14% | -260.84% | 168.25% | 146.56% | 116.58% | 85.84% | -587.02% | 144.60% | 260.05% | 83.49% | -111.62% | -23.79% | -52.88% | -33.78% | |||||
qoq | -91.15% | 438.38% | -9.16% | 69.34% | -94.40% | 839.45% | -30.73% | -77.82% | 398.36% | -15.09% | -298.93% | -103.20% | -3421.48% | -109.42% | -443.05% | -317.30% | -58.76% | -6.91% | 92.83% | 262.42% | -62.10% | -18.23% | 65.46% | -1049.76% | -119.04% | 20.36% | -15.67% | -39.85% | 24.83% | -25.58% | 18.51% | ||
operating margin % | -10.87% | -132.33% | -20.22% | -22.75% | -11.24% | -221.52% | -22.71% | -33.76% | -115.43% | -26.14% | -31.71% | 19.01% | -463.78% | 15.84% | -162.22% | 52.49% | -18.22% | -61.24% | -72.64% | -41.65% | -9.12% | -35.02% | -69.94% | -26.21% | 1.81% | -11.69% | -11.25% | -18.06% | -22.60% | -25.04% | -32.71% | -30.01% | |
other income: | |||||||||||||||||||||||||||||||||
interest expense | -2,139,000 | -2,007,000 | -1,943,000 | -1,830,000 | -1,694,000 | -1,479,000 | -1,561,000 | -819,000 | -839,000 | -915,000 | -574,000 | -8,000 | -150,000 | -580,000 | -879,000 | -947,000 | -3,247,000 | -3,193,000 | -3,039,000 | -283,000 | 312,000 | -218,000 | -338,000 | -304,000 | -269,000 | -254,000 | -992,000 | -1,749,000 | |||||
foreign currency gain | -16,000 | -1,812,000 | 5,449,000 | 2,627,000 | -5,581,000 | 4,843,000 | 99,000 | -630,000 | 2,925,000 | -2,399,000 | 1,389,000 | 1,389,000 | -4,538,000 | -1,671,000 | -43,000 | -1,543,000 | 319,000 | -207,500 | 1,066,000 | -1,886,000 | 491,000 | ||||||||||||
gain on debt extinguishment | 13,017,000 | ||||||||||||||||||||||||||||||||
total other income | -2,155,000 | -3,819,000 | 3,506,000 | 797,000 | -7,275,000 | 3,364,000 | 11,555,000 | -1,449,000 | 815,000 | 1,381,000 | -3,290,000 | -4,736,000 | -209,750 | 783,000 | -1,602,000 | -497,500 | -1,149,000 | 187,000 | -2,841,750 | 290,000 | -1,419,000 | ||||||||||||
income before income taxes | -8,250,000 | -72,673,000 | -9,283,000 | -13,282,000 | -15,589,000 | -145,182,000 | -4,257,000 | -24,275,000 | -100,836,000 | -23,966,000 | -23,508,000 | 13,608,000 | -378,279,000 | 6,267,000 | -127,736,000 | 33,038,000 | -19,699,000 | -44,529,000 | -47,306,000 | -24,895,000 | -6,777,000 | -15,356,000 | -19,758,000 | -13,531,000 | 3,427,000 | -7,747,000 | -6,510,000 | -6,314,000 | -11,566,000 | -8,368,000 | -13,053,000 | -20,055,000 | |
net income | -8,250,000 | -72,673,000 | -9,283,000 | -13,282,000 | -15,589,000 | -145,182,000 | -4,257,000 | -24,275,000 | -100,836,000 | -23,966,000 | -23,508,000 | 13,608,000 | -378,279,000 | 6,267,000 | -126,290,000 | 33,038,000 | -11,835,000 | -44,529,000 | -47,306,000 | -24,895,000 | -6,777,000 | -15,356,000 | -19,758,000 | -13,531,000 | 3,427,000 | -7,747,000 | -6,510,000 | -6,314,000 | -11,566,000 | -8,368,000 | -13,053,000 | -20,055,000 | |
yoy | -47.08% | -49.94% | 118.06% | -45.29% | -84.54% | 505.78% | -81.89% | -278.39% | -73.34% | -482.42% | -81.39% | -58.81% | 3096.27% | -114.07% | 166.96% | -232.71% | 74.63% | 189.98% | 139.43% | 83.98% | -297.75% | 98.22% | 203.50% | 114.30% | -129.63% | -7.42% | -50.13% | -68.52% | |||||
qoq | -88.65% | 682.86% | -30.11% | -14.80% | -89.26% | 3310.43% | -82.46% | -75.93% | 320.75% | 1.95% | -272.75% | -103.60% | -6136.05% | -104.96% | -482.26% | -379.16% | -73.42% | -5.87% | 90.02% | 267.35% | -55.87% | -22.28% | 46.02% | -494.84% | -144.24% | 19.00% | 3.10% | -45.41% | 38.22% | -35.89% | -34.91% | ||
net income margin % | -14.71% | -139.67% | -14.68% | -21.46% | -21.07% | -216.51% | -6.11% | -35.91% | -113.09% | -30.33% | -30.65% | 21.15% | -458.50% | 8.62% | -167.48% | 48.64% | -13.14% | -68.52% | -80.38% | -46.77% | -10.10% | -33.33% | -70.01% | -29.73% | 4.95% | -13.73% | -13.36% | -17.54% | -24.19% | -24.20% | -36.70% | -61.31% | |
net income per share | -0.14 | -1.36 | -0.18 | -0.26 | -0.25 | -2.9 | -0.09 | -0.56 | -2.74 | -0.63 | -0.67 | 0.41 | -11.32 | 0.19 | -3.75 | -0.32 | -1.35 | -1.43 | -0.85 | -0.24 | -0.56 | -0.73 | -0.51 | 0.18 | -0.33 | -0.29 | -0.28 | -0.5 | -0.4 | -1.54 | |||
weighted-average common shares outstanding, basic and diluted | 53,114 | 53,493 | 52,750 | 51,863 | 48,361 | 50,028 | 49,056 | 36,488 | 34,880 | 33,419 | 33,635 | 32,202 | 33,101 | 32,977 | 29,313 | 27,213 | 27,343 | 27,072 | 26,725 | 23,746 | 23,561 | 22,731 | 22,503 | 19,060 | 20,970 | 13,093 | |||||||
general and administration expense | 10,678,000 | 12,076,000 | 16,151,000 | 14,485,000 | 13,903,000 | 15,561,000 | 16,276,000 | 13,070,000 | 20,065,000 | 19,972,000 | 20,984,000 | 20,425,000 | 17,086,000 | 20,073,000 | 16,888,000 | 12,175,000 | 11,297,000 | 12,757,000 | 11,734,000 | 10,744,000 | 9,162,000 | 12,218,000 | 8,340,000 | 7,000,000 | 10,742,000 | 7,925,000 | 8,979,000 | 6,582,000 | |||||
acquisition, integration and divestiture benefit | 162,000 | ||||||||||||||||||||||||||||||||
acquisition, integration and divestiture cost | |||||||||||||||||||||||||||||||||
other expense: | |||||||||||||||||||||||||||||||||
weighted-average common shares outstanding, basic | 43,248 | 37,982 | 33,595 | 32,950 | |||||||||||||||||||||||||||||
weighted-average common shares outstanding, diluted | 43,248 | 37,982 | 36,727 | 33,269 | |||||||||||||||||||||||||||||
acquisition and integration (benefit) cost | -2,036,500 | 78,000 | 1,723,000 | ||||||||||||||||||||||||||||||
loss in fair value of contingent consideration | -3,761,250 | 8,281,000 | 11,258,000 | ||||||||||||||||||||||||||||||
goodwill impairment | 20,787,250 | 83,149,000 | |||||||||||||||||||||||||||||||
total other expense | -279,500 | -3,314,000 | 4,356,000 | -5,253,000 | -5,417,000 | -2,618,000 | -4,558,000 | -2,726,000 | -20,000 | -1,028,000 | -10,238,000 | ||||||||||||||||||||||
income tax benefit | 1,446,000 | ||||||||||||||||||||||||||||||||
net income attributable to common stockholders | -8,466,500 | -23,966,000 | 13,608,000 | -21,746,250 | 6,267,000 | 33,038,000 | |||||||||||||||||||||||||||
acquisition and integration cost | -9,947,000 | ||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -23,508,000 | -126,290,000 | -11,835,000 | -44,529,000 | -47,306,000 | -24,895,000 | -6,777,000 | -15,356,000 | -19,758,000 | -13,531,000 | 3,427,000 | -7,747,000 | -6,510,000 | -6,314,000 | -11,566,000 | -8,368,000 | -13,053,000 | -20,212,000 | |||||||||||||||
change in fair value of contingent consideration | -34,584,000 | -14,030,000 | -46,126,000 | -2,968,000 | -65,050,000 | -6,367,000 | 6,261,000 | -1,480,000 | |||||||||||||||||||||||||
acquisition and integration costs | 1,395,000 | -1,867,000 | 2,197,000 | -4,599,000 | 1,446,000 | 1,714,000 | 14,182,000 | 7,030,000 | |||||||||||||||||||||||||
foreign currency loss | -2,720,500 | -4,673,000 | -10,000 | ||||||||||||||||||||||||||||||
net income per share | -0.14 | -1.36 | -0.18 | -0.26 | -0.25 | -2.9 | -0.09 | -0.56 | -2.74 | -0.63 | -0.67 | 0.41 | -11.32 | 0.19 | -3.75 | -0.32 | -1.35 | -1.43 | -0.85 | -0.24 | -0.56 | -0.73 | -0.51 | 0.18 | -0.33 | -0.29 | -0.28 | -0.5 | -0.4 | -1.54 | |||
basic | 0.98 | -0.64 | |||||||||||||||||||||||||||||||
diluted | 0.91 | -0.64 | |||||||||||||||||||||||||||||||
weighted-average common shares outstanding: | |||||||||||||||||||||||||||||||||
basic | 33,741 | 20,300 | |||||||||||||||||||||||||||||||
diluted | 37,185 | 20,300 | |||||||||||||||||||||||||||||||
interest income | -3,078,000 | -3,045,000 | -10,000 | 284,000 | |||||||||||||||||||||||||||||
fi share and other third-party costs | 38,388,000 | 27,971,000 | 16,811,000 | 26,138,000 | 38,986,000 | 32,470,000 | 27,620,000 | 19,004,000 | 26,222,000 | 17,982,000 | 19,747,000 | 21,420,000 | |||||||||||||||||||||
change in fair value of warrant liabilities | 801,000 | 1,611,000 | -9,172,000 | ||||||||||||||||||||||||||||||
other expense | -282,500 | -931,000 | -690,000 | ||||||||||||||||||||||||||||||
adjustments to the carrying value of preferred stock | |||||||||||||||||||||||||||||||||
change in fair value of convertible promissory notes | |||||||||||||||||||||||||||||||||
change in fair value of convertible promissory notes—related parties | |||||||||||||||||||||||||||||||||
other income | -489,000 | -257,000 | -2,038,000 | 683,000 | |||||||||||||||||||||||||||||
adjustments to the carrying value of redeemable convertible preferred stock | -157,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 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 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||
cash and cash equivalents | 43,961,000 | 46,745,000 | 52,046,000 | 65,594,000 | 66,988,000 | 71,248,000 | 97,766,000 | 91,830,000 | 90,067,000 | 92,069,000 | 139,194,000 | 121,905,000 | 138,514,000 | 157,038,000 | 208,293,000 | 233,467,000 | 237,372,000 | 250,603,000 | 613,548,000 | 293,239,000 | 287,639,000 | 98,370,000 | 102,174,000 | 104,458,000 | 95,184,000 | 32,495,000 | 36,428,000 | 39,623,000 | 47,812,000 | 50,468,000 | 89,785,000 | 21,262,000 |
accounts receivable | 85,496,000 | 93,189,000 | 96,094,000 | 103,252,000 | 105,587,000 | 102,671,000 | 105,164,000 | 120,622,000 | 103,324,000 | 97,279,000 | 93,707,000 | 115,609,000 | 97,168,000 | 92,206,000 | 96,529,000 | 111,085,000 | 83,841,000 | 73,468,000 | 75,334,000 | 81,249,000 | 53,392,000 | 36,566,000 | 57,668,000 | 81,452,000 | 61,691,000 | 63,772,000 | 53,245,000 | 58,125,000 | 36,822,000 | 40,488,000 | 39,907,000 | 48,348,000 |
other receivables | 5,908,000 | 3,431,000 | 3,358,000 | 3,801,000 | 3,968,000 | 4,696,000 | 5,834,000 | 5,379,000 | 4,865,000 | 4,466,000 | 5,143,000 | 4,470,000 | 4,675,000 | 4,955,000 | 5,717,000 | 6,097,000 | 6,450,000 | 6,142,000 | 5,911,000 | 5,306,000 | 5,678,000 | 5,007,000 | 4,066,000 | 3,908,000 | 3,634,000 | 3,171,000 | 2,328,000 | 2,417,000 | 3,530,000 | 3,073,000 | 2,748,000 | 2,898,000 |
prepaid expenses and other assets | 5,345,000 | 7,035,000 | 5,331,000 | 5,336,000 | 6,787,000 | 6,717,000 | 9,491,000 | 6,097,000 | 7,260,000 | 7,824,000 | 8,261,000 | 7,978,000 | 8,697,000 | 9,658,000 | 8,809,000 | 7,981,000 | 7,761,000 | 8,132,000 | 7,669,000 | 5,687,000 | 7,125,000 | 6,356,000 | 6,013,000 | 5,783,000 | 5,320,000 | 5,609,000 | 5,037,000 | 3,956,000 | 3,686,000 | 3,430,000 | 3,658,000 | 2,121,000 |
total current assets | 140,710,000 | 150,400,000 | 156,829,000 | 177,983,000 | 183,330,000 | 185,332,000 | 218,255,000 | 223,928,000 | 205,589,000 | 201,714,000 | 246,387,000 | 250,042,000 | 249,128,000 | 263,938,000 | 319,440,000 | 358,725,000 | 335,532,000 | 338,456,000 | 702,573,000 | 385,591,000 | 353,943,000 | 146,404,000 | 170,042,000 | 195,730,000 | 166,075,000 | 115,301,000 | 117,298,000 | 124,368,000 | 111,850,000 | 117,459,000 | 136,098,000 | 74,629,000 |
long-term assets: | ||||||||||||||||||||||||||||||||
property and equipment | 2,206,000 | 2,389,000 | 2,466,000 | 2,596,000 | 2,847,000 | 3,084,000 | 2,906,000 | 3,323,000 | 3,005,000 | 3,401,000 | 4,755,000 | 5,916,000 | 7,103,000 | 8,619,000 | 9,909,000 | 11,273,000 | 12,367,000 | 13,095,000 | 14,118,000 | 13,865,000 | 13,338,000 | 12,983,000 | 13,085,000 | 14,290,000 | 12,125,000 | 11,895,000 | 11,351,000 | 10,230,000 | 9,273,000 | 7,829,000 | 7,363,000 | 7,319,000 |
right-of-use assets under operating leases | 5,328,000 | 4,633,000 | 5,062,000 | 6,341,000 | 6,933,000 | 7,459,000 | 8,342,000 | 7,310,000 | 4,823,000 | 4,510,000 | 7,295,000 | 6,571,000 | 9,276,000 | 10,304,000 | 9,249,000 | 10,196,000 | 11,299,000 | 11,694,000 | 10,810,000 | 10,764,000 | 9,669,000 | 10,422,000 | 9,421,000 | |||||||||
intangible assets | 7,007,000 | 8,462,000 | 9,916,000 | 11,371,000 | 12,826,000 | 29,433,000 | 32,218,000 | 35,003,000 | 43,116,000 | 46,563,000 | 50,006,000 | 53,475,000 | 113,878,000 | 121,047,000 | 128,250,000 | 125,550,000 | 130,692,000 | 137,185,000 | 78,981,000 | 447,000 | 424,000 | 407,000 | 404,000 | 389,000 | 375,000 | 369,000 | 367,000 | 370,000 | 365,000 | 366,000 | 359,000 | 528,000 |
goodwill | 110,305,000 | 159,429,000 | 159,429,000 | 159,429,000 | 159,429,000 | 277,202,000 | 277,202,000 | 277,202,000 | 352,721,000 | 352,721,000 | 352,721,000 | 352,721,000 | 665,813,000 | 665,813,000 | 747,578,000 | 742,516,000 | 718,952,000 | 718,490,000 | 203,181,000 | |||||||||||||
capitalized software development costs | 25,595,000 | 34,415,000 | 33,867,000 | 33,341,000 | 31,859,000 | 29,572,000 | 27,005,000 | 24,643,000 | 23,721,000 | 21,922,000 | 20,811,000 | 19,925,000 | 18,377,000 | 16,680,000 | 14,115,000 | 13,131,000 | 11,734,000 | 9,157,000 | 7,788,000 | 6,299,000 | 5,585,000 | 4,738,000 | 3,789,000 | 3,815,000 | 3,099,000 | 2,529,000 | 2,015,000 | 1,625,000 | 1,278,000 | 1,070,000 | 880,000 | 433,000 |
other long-term assets | 1,656,000 | 1,406,000 | 1,504,000 | 1,650,000 | 2,169,000 | 2,290,000 | 3,023,000 | 2,735,000 | 1,941,000 | 2,493,000 | 2,621,000 | 2,586,000 | 2,737,000 | 3,106,000 | 2,638,000 | 2,406,000 | 2,563,000 | 2,617,000 | 2,681,000 | 1,786,000 | 1,720,000 | 1,701,000 | 1,962,000 | 1,706,000 | 1,338,000 | 1,281,000 | 1,369,000 | 1,293,000 | 1,104,000 | 1,097,000 | 988,000 | 4,224,000 |
total assets | 292,807,000 | 361,134,000 | 369,073,000 | 392,711,000 | 399,393,000 | 534,372,000 | 568,951,000 | 574,144,000 | 634,916,000 | 633,324,000 | 684,596,000 | 691,236,000 | 1,066,312,000 | 1,089,507,000 | 1,231,179,000 | 1,263,797,000 | 1,224,581,000 | 1,232,867,000 | 1,023,035,000 | 422,537,000 | 389,422,000 | 183,039,000 | 206,078,000 | 224,313,000 | 193,247,000 | 143,556,000 | 146,467,000 | 153,763,000 | 138,073,000 | 140,246,000 | 157,807,000 | 100,758,000 |
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||
accounts payable | 3,613,000 | 1,945,000 | 4,445,000 | 3,689,000 | 3,927,000 | 4,866,000 | 3,974,000 | 4,425,000 | 3,479,000 | 1,698,000 | 2,073,000 | 3,765,000 | 4,768,000 | 2,810,000 | 3,839,000 | 4,619,000 | 3,806,000 | 5,217,000 | 3,249,000 | 1,363,000 | 1,738,000 | 1,177,000 | 1,146,000 | 1,229,000 | 1,946,000 | 1,212,000 | 1,896,000 | 2,099,000 | 2,437,000 | 918,000 | 1,783,000 | 1,554,000 |
accrued liabilities: | ||||||||||||||||||||||||||||||||
accrued compensation | 7,295,000 | 7,244,000 | 6,442,000 | 5,494,000 | 8,250,000 | 5,490,000 | 8,091,000 | 11,662,000 | 11,086,000 | 8,609,000 | 7,457,000 | 10,486,000 | 12,940,000 | 9,634,000 | 7,910,000 | 12,136,000 | 10,705,000 | 9,090,000 | 8,334,000 | 7,582,000 | 8,305,000 | 4,904,000 | 5,023,000 | 8,186,000 | 6,944,000 | 5,709,000 | 4,734,000 | 5,936,000 | 5,487,000 | 4,305,000 | 3,263,000 | 4,638,000 |
accrued expenses | 7,474,000 | 6,457,000 | 8,378,000 | 7,175,000 | 8,359,000 | 6,772,000 | 4,317,000 | 9,587,000 | 9,666,000 | 10,466,000 | 21,990,000 | 21,335,000 | 20,556,000 | 20,963,000 | 14,631,000 | 19,620,000 | 6,054,000 | 8,207,000 | 8,714,000 | 5,502,000 | 3,203,000 | 3,270,000 | 3,003,000 | 6,018,000 | 3,906,000 | 4,012,000 | 3,743,000 | 4,388,000 | 3,537,000 | 4,510,000 | 3,918,000 | 4,615,000 |
partner share liability | 22,153,000 | 27,196,000 | 28,759,000 | 32,479,000 | 30,783,000 | 33,719,000 | 35,536,000 | 48,867,000 | 43,495,000 | 49,055,000 | 38,950,000 | 48,593,000 | 41,051,000 | 42,176,000 | 36,995,000 | 46,595,000 | 35,285,000 | 28,688,000 | 30,708,000 | |||||||||||||
consumer incentive liability | 32,109,000 | 35,996,000 | 31,800,000 | 45,513,000 | 49,912,000 | 45,433,000 | 43,964,000 | 52,678,000 | 48,922,000 | 43,090,000 | 43,354,000 | 53,983,000 | 48,353,000 | 42,923,000 | 45,098,000 | 52,602,000 | 42,925,000 | 36,561,000 | 35,318,000 | 24,290,000 | 14,293,000 | 9,113,000 | 14,223,000 | 19,861,000 | 15,873,000 | 15,485,000 | 15,217,000 | 11,476,000 | 4,830,000 | 5,834,000 | 6,949,000 | 7,242,000 |
short-term debt | 46,070,000 | 46,009,000 | 45,936,000 | 45,863,000 | 45,789,000 | 30,000,000 | 30,000,000 | |||||||||||||||||||||||||
deferred revenue and other liabilities | 3,372,000 | |||||||||||||||||||||||||||||||
current operating lease liabilities | 1,617,000 | 1,199,000 | 1,658,000 | 2,025,000 | 2,361,000 | 2,279,000 | 2,079,000 | 2,127,000 | 2,244,000 | 3,002,000 | 4,713,000 | 4,910,000 | 6,088,000 | 6,091,000 | 6,249,000 | 6,028,000 | 5,589,000 | 6,000,000 | 5,448,000 | 4,718,000 | 3,678,000 | 3,712,000 | 3,337,000 | |||||||||
current contingent consideration | 1,825,000 | 4,563,000 | 4,463,000 | 4,363,000 | 2,595,000 | 39,398,000 | 27,268,000 | 18,987,000 | 69,537,000 | 104,121,000 | 118,151,000 | 164,277,000 | 128,941,000 | 182,470,000 | 167,430,000 | 164,952,000 | ||||||||||||||||
total current liabilities | 123,703,000 | 129,149,000 | 131,851,000 | 148,955,000 | 155,908,000 | 104,601,000 | 102,550,000 | 171,149,000 | 179,483,000 | 167,922,000 | 190,843,000 | 248,944,000 | 254,911,000 | 293,528,000 | 246,785,000 | 327,350,000 | 274,456,000 | 262,972,000 | 92,037,000 | 81,274,000 | 58,255,000 | 42,460,000 | 58,408,000 | 78,401,000 | 63,134,000 | 57,424,000 | 49,555,000 | 51,922,000 | 36,747,000 | 52,547,000 | 80,801,000 | 42,139,000 |
long-term liabilities: | ||||||||||||||||||||||||||||||||
convertible senior notes | 168,570,000 | 168,289,000 | 168,009,000 | 167,729,000 | 167,448,000 | 212,885,000 | 227,870,000 | 227,504,000 | 227,139,000 | 226,774,000 | 226,407,000 | 226,047,000 | 225,678,000 | 225,314,000 | 224,948,000 | 184,398,000 | 181,733,000 | 179,113,000 | 176,540,000 | 174,011,000 | 171,529,000 | |||||||||||
long-term operating lease liabilities | 5,176,000 | 4,915,000 | 5,123,000 | 6,034,000 | 6,323,000 | 6,805,000 | 7,652,000 | 6,391,000 | 2,878,000 | 2,432,000 | 4,933,000 | 4,306,000 | 5,135,000 | 6,382,000 | 5,268,000 | 6,801,000 | 7,800,000 | 8,218,000 | 8,887,000 | 9,381,000 | 9,280,000 | 10,114,000 | 9,305,000 | |||||||||
long-term deferred revenue | 62,000 | 75,000 | 30,000 | 51,000 | 67,000 | 334,000 | 173,000 | |||||||||||||||||||||||||
total liabilities | 297,511,000 | 302,428,000 | 304,983,000 | 322,718,000 | 329,696,000 | 324,338,000 | 369,814,000 | 439,346,000 | 409,581,000 | 397,212,000 | 452,276,000 | 479,631,000 | 485,803,000 | 525,350,000 | 519,509,000 | 573,097,000 | 535,961,000 | 518,475,000 | 278,143,000 | 265,345,000 | 239,064,000 | 52,574,000 | 67,720,000 | 81,046,000 | 65,926,000 | 97,018,000 | 99,290,000 | 101,788,000 | 86,846,000 | |||
stockholders’ equity: | ||||||||||||||||||||||||||||||||
common stock | 10,000 | 10,000 | 10,000 | 10,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 7,000 | 7,000 | |||||
additional paid-in capital | 1,393,138,000 | 1,385,465,000 | 1,376,692,000 | 1,366,958,000 | 1,356,173,000 | 1,346,876,000 | 1,331,628,000 | 1,243,594,000 | 1,230,458,000 | 1,219,530,000 | 1,190,949,000 | 1,182,568,000 | 1,169,213,000 | 1,163,126,000 | 1,188,076,000 | 1,212,823,000 | 1,198,780,000 | 1,181,290,000 | 1,164,320,000 | 551,429,000 | 535,863,000 | 499,663,000 | 487,903,000 | 480,578,000 | 466,737,000 | 378,773,000 | 373,351,000 | |||||
accumulated other comprehensive income | -2,038,000 | -3,628,000 | 1,246,000 | 3,601,000 | -1,498,000 | 2,953,000 | 3,047,000 | 2,467,000 | 5,304,000 | 3,043,000 | 4,324,000 | 5,598,000 | 9,578,000 | 5,580,000 | 1,853,000 | 486,000 | 615,000 | -652,000 | -488,000 | -192,000 | 1,763,000 | 2,714,000 | 2,609,000 | 1,312,000 | 2,634,000 | 2,069,000 | 1,620,000 | |||||
accumulated deficit | -1,395,814,000 | -1,323,141,000 | -1,313,858,000 | -1,300,576,000 | -1,284,987,000 | -1,139,804,000 | -1,135,547,000 | -1,111,272,000 | -1,010,436,000 | -986,470,000 | -962,962,000 | -976,570,000 | -598,291,000 | -604,558,000 | -478,268,000 | -522,618,000 | -510,783,000 | -466,254,000 | -418,948,000 | -394,053,000 | -387,276,000 | -371,920,000 | -352,162,000 | -338,631,000 | -342,058,000 | -334,311,000 | -327,801,000 | |||||
total stockholders’ (deficit) equity | -4,704,000 | |||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 292,807,000 | 361,134,000 | 369,073,000 | 392,711,000 | 399,393,000 | 534,372,000 | 568,951,000 | 574,144,000 | 634,916,000 | 633,324,000 | 684,596,000 | 691,236,000 | 1,066,312,000 | 1,089,507,000 | 1,231,179,000 | 1,263,797,000 | 1,224,581,000 | 1,232,867,000 | 1,023,035,000 | 422,537,000 | 389,422,000 | 183,039,000 | 206,078,000 | 224,313,000 | 193,247,000 | 143,556,000 | 146,467,000 | |||||
deferred revenue | 3,103,000 | 2,608,000 | 2,154,000 | 2,064,000 | 1,679,000 | 1,994,000 | 2,405,000 | 3,323,000 | 3,015,000 | 2,769,000 | 1,751,000 | 3,004,000 | 4,654,000 | 3,122,000 | 3,280,000 | 2,627,000 | 2,777,000 | 259,000 | 349,000 | 542,000 | 969,000 | 603,000 | 1,127,000 | |||||||||
total stockholders’ equity | 58,706,000 | 64,090,000 | 69,993,000 | 69,697,000 | 210,034,000 | 199,137,000 | 134,798,000 | 225,335,000 | 236,112,000 | 232,320,000 | 211,605,000 | 580,509,000 | 564,157,000 | 711,670,000 | 690,700,000 | 688,620,000 | 714,392,000 | 744,892,000 | 157,192,000 | 150,358,000 | 130,465,000 | 138,358,000 | 143,267,000 | 127,321,000 | 46,538,000 | 47,177,000 | ||||||
line of credit | 25,634,000 | |||||||||||||||||||||||||||||||
long-term contingent consideration | 1,667,000 | 4,162,000 | 38,304,000 | 49,825,000 | 71,232,000 | 67,449,000 | ||||||||||||||||||||||||||
other long-term liabilities | 17,000 | 17,000 | 21,000 | 28,000 | 4,037,000 | 4,550,000 | 679,000 | 679,000 | 679,000 | 679,000 | ||||||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||
long-term debt | 30,024,000 | 30,073,000 | 30,000,000 | 13,000 | 19,000 | 36,681,000 | 46,691,000 | 46,693,000 | 46,794,000 | |||||||||||||||||||||||
restricted cash | 73,000 | 76,000 | 82,000 | 80,000 | 74,000 | 81,000 | 92,000 | 95,000 | 108,000 | 111,000 | 111,000 | 110,000 | 109,000 | 105,000 | 121,000 | 129,000 | 246,000 | 10,254,000 | 20,260,000 | 20,247,000 | 20,000,000 | 20,000,000 | ||||||||||
deferred liabilities | 81,000 | 84,000 | 93,000 | 58,000 | 98,000 | 167,000 | 2,632,000 | 2,773,000 | 2,913,000 | 3,044,000 | 3,173,000 | 3,305,000 | 3,437,000 | 3,554,000 | 3,670,000 | |||||||||||||||||
deferred implementation costs | 1,442,000 | 2,173,000 | 2,903,000 | |||||||||||||||||||||||||||||
current finance lease liabilities | 35,000 | 23,000 | 7,000 | 13,000 | 19,000 | 24,000 | 24,000 | |||||||||||||||||||||||||
long-term finance lease liabilities | 61,000 | 44,000 | 7,000 | |||||||||||||||||||||||||||||
other current liabilities | 1,457,000 | |||||||||||||||||||||||||||||||
deferred fi implementation costs | 3,785,000 | 4,743,000 | 6,384,000 | 7,375,000 | 8,383,000 | 10,235,000 | 12,181,000 | 14,067,000 | 15,877,000 | 14,203,000 | 12,425,000 | 12,119,000 | 13,625,000 | |||||||||||||||||||
fi share liability | 37,457,000 | 26,477,000 | 19,291,000 | 31,049,000 | 41,956,000 | 33,697,000 | 30,587,000 | 23,369,000 | 27,656,000 | 20,185,000 | 20,729,000 | 21,376,000 | 23,914,000 | |||||||||||||||||||
current portion of long-term debt | 24,000 | 23,000 | 22,000 | 22,000 | 21,000 | 21,000 | ||||||||||||||||||||||||||
deferred billings | 745,000 | 397,000 | 574,000 | 346,000 | 250,000 | 174,000 | 189,000 | 132,000 | ||||||||||||||||||||||||
liabilities and stockholders' (deficit) equity | ||||||||||||||||||||||||||||||||
long-term warrant liability | ||||||||||||||||||||||||||||||||
liabilities and stockholders’ (deficit) equity | ||||||||||||||||||||||||||||||||
short-term warrant liability | 16,055,000 | 17,666,000 | ||||||||||||||||||||||||||||||
current portion of long-term debt: | ||||||||||||||||||||||||||||||||
capital leases | 22,000 | 23,000 | 44,000 | |||||||||||||||||||||||||||||
lines of credit | 27,477,000 | 25,081,000 | ||||||||||||||||||||||||||||||
term loans | 19,972,000 | 31,830,000 | ||||||||||||||||||||||||||||||
total long-term liabilities | 50,933,000 | 36,448,000 | 70,868,000 | |||||||||||||||||||||||||||||
short-term debt: | ||||||||||||||||||||||||||||||||
term loan | 32,842,000 | |||||||||||||||||||||||||||||||
liabilities and stockholders’ deficit | ||||||||||||||||||||||||||||||||
warrant liability | 10,230,000 | |||||||||||||||||||||||||||||||
convertible promissory notes | ||||||||||||||||||||||||||||||||
convertible promissory notes—related parties |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 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 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | ||||||||||||||||||||||||||||||||
net loss | -8,250,000 | -72,673,000 | -9,283,000 | -13,282,000 | -15,589,000 | -145,183,000 | -100,836,000 | -23,966,000 | -378,279,000 | 6,267,000 | -11,835,000 | -44,529,000 | -47,306,000 | -24,895,000 | -6,777,000 | -15,356,000 | -19,758,000 | -13,531,000 | 3,427,000 | -7,747,000 | -6,510,000 | -6,314,000 | -11,566,000 | -8,368,000 | -13,053,000 | -20,055,000 | ||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||
credit loss expense | 352,000 | -51,000 | 1,190,000 | 643,000 | 2,126,000 | 219,000 | 2,191,000 | 1,570,000 | 551,000 | 409,000 | 990,000 | -246,000 | 1,450,000 | -92,000 | 695,000 | 346,000 | 262,000 | 284,000 | 152,000 | 1,004,000 | ||||||||||||
depreciation and amortization | 6,205,000 | 6,473,000 | 6,275,000 | 6,291,000 | 5,940,000 | 6,970,000 | 6,529,000 | 6,250,000 | 6,695,000 | 5,990,000 | 7,200,000 | 6,575,000 | 6,849,000 | 10,468,000 | 10,356,000 | 9,871,000 | 9,598,000 | 8,375,000 | 8,833,000 | 3,065,000 | 2,017,000 | 1,933,000 | 1,545,000 | 2,331,000 | 1,354,000 | 1,167,000 | 1,053,000 | 961,000 | 811,000 | 777,000 | 784,000 | 910,000 |
amortization of financing costs charged to interest expense | 328,000 | 390,000 | 399,000 | 405,000 | 398,000 | 385,000 | 405,000 | 445,000 | 414,000 | 415,000 | 412,000 | 407,000 | 403,000 | 402,000 | 388,000 | 402,000 | 267,000 | 253,000 | 229,000 | 219,000 | 22,000 | 242,000 | 24,000 | 24,000 | 23,000 | 22,000 | 23,000 | 27,000 | 27,000 | 26,000 | 89,000 | 140,000 |
amortization of right-of-use asset | ||||||||||||||||||||||||||||||||
impairment of goodwill and intangible assets | 0 | 0 | ||||||||||||||||||||||||||||||
loss on divestiture | ||||||||||||||||||||||||||||||||
gain on debt extinguishment | 0 | 0 | ||||||||||||||||||||||||||||||
stock-based compensation expense | 5,512,000 | 6,422,000 | 7,501,000 | 8,694,000 | 8,673,000 | 8,065,000 | 12,644,000 | 10,985,000 | 11,024,000 | 10,249,000 | 11,739,000 | 7,968,000 | 12,492,000 | 5,767,000 | 12,842,000 | 13,585,000 | 12,849,000 | 16,830,000 | 13,337,000 | 7,248,000 | 7,585,000 | 11,578,000 | 9,108,000 | 4,125,000 | 3,585,000 | 7,486,000 | 3,072,000 | 1,708,000 | ||||
change in contingent consideration | 0 | 0 | 42,000 | 60,000 | 100,000 | 101,000 | -5,808,000 | 5,817,000 | ||||||||||||||||||||||||
other non-cash expense | -5,456,000 | -2,620,000 | -4,000 | 667,000 | -3,557,000 | 2,534,000 | -2,242,000 | -905,000 | -3,935,000 | 4,437,000 | 4,513,000 | 1,574,000 | 68,000 | 1,554,000 | -138,000 | -141,000 | -2,169,000 | -907,000 | 150,000 | 1,923,000 | -1,803,000 | 1,431,000 | 1,238,000 | -235,000 | 635,000 | 263,000 | ||||||
change in operating assets and liabilities: | ||||||||||||||||||||||||||||||||
accounts receivable and contracts assets | ||||||||||||||||||||||||||||||||
prepaid expenses and other assets | 2,033,000 | 1,395,000 | -1,569,000 | -56,000 | 1,589,000 | 164,000 | 3,057,000 | -3,450,000 | 1,378,000 | 684,000 | 799,000 | -369,000 | 991,000 | 1,429,000 | -1,160,000 | -725,000 | -170,000 | 600,000 | -51,000 | -1,845,000 | 1,347,000 | -809,000 | -94,000 | -509,000 | -856,000 | 254,000 | -449,000 | -1,173,000 | -478,000 | -288,000 | 11,000 | -1,520,000 |
accounts payable | 372,000 | 1,644,000 | -2,388,000 | 551,000 | -321,000 | 10,000 | 685,000 | 125,000 | 504,000 | 1,781,000 | -355,000 | -1,691,000 | -1,004,000 | 1,932,000 | -966,000 | -855,000 | 1,218,000 | -1,979,000 | 1,526,000 | 495,000 | -99,000 | 278,000 | -415,000 | 252,000 | -200,000 | -95,000 | 385,000 | -691,000 | 690,000 | 1,060,000 | -431,000 | -408,000 |
other accrued expenses | -2,486,000 | 842,000 | -975,000 | 1,895,000 | -3,452,000 | 4,061,000 | 381,000 | -7,634,000 | 2,790,000 | 672,000 | -7,818,000 | -3,136,000 | -3,702,000 | -44,000 | 5,799,000 | -11,569,000 | 1,721,000 | -4,647,000 | 1,025,000 | 996,000 | 5,633,000 | 51,000 | 66,000 | -6,988,000 | 4,699,000 | 1,130,000 | 2,093,000 | -1,770,000 | 3,231,000 | 261,000 | 1,599,000 | -1,836,000 |
partner share liability | 2,712,000 | -5,007,000 | -2,053,000 | -3,860,000 | 1,980,000 | -3,216,000 | -1,823,000 | -13,291,000 | 5,399,000 | -5,263,000 | 9,970,000 | -9,701,000 | 7,557,000 | -1,015,000 | 4,779,000 | -9,600,000 | 11,310,000 | 6,597,000 | -2,019,000 | -6,749,000 | ||||||||||||
customer incentive liability | -5,638,000 | 3,988,000 | 388,000 | 268,000 | 3,741,000 | 6,646,000 | -1,003,000 | -1,116,000 | -293,000 | |||||||||||||||||||||||
net cash from operating activities | 13,010,000 | 1,761,000 | 1,225,000 | -6,706,000 | 2,979,000 | 1,385,000 | 4,429,000 | -17,617,000 | 2,934,000 | 1,194,000 | 5,751,000 | -10,064,000 | -13,101,000 | -14,434,000 | -6,678,000 | -19,691,000 | -10,458,000 | -14,978,000 | -12,532,000 | -4,238,000 | -3,406,000 | -1,486,000 | -1,483,000 | -4,695,000 | -1,515,000 | -12,695,000 | -90,000 | |||||
capital expenditures | -2,557,000 | -4,464,000 | -4,658,000 | -4,103,000 | -4,436,000 | -5,257,000 | -4,858,000 | -4,747,000 | -3,697,000 | -3,146,000 | -2,747,000 | -2,802,000 | -3,051,000 | -3,288,000 | -4,261,000 | -2,711,000 | -2,861,000 | -2,921,000 | -3,300,000 | -1,943,000 | -1,414,000 | -3,177,000 | -1,981,000 | -3,148,000 | -2,022,000 | -1,357,000 | -792,000 | |||||
free cash flows | 10,453,000 | -2,703,000 | -3,433,000 | -10,809,000 | -1,457,000 | -3,872,000 | -429,000 | -22,364,000 | -763,000 | -1,952,000 | 3,004,000 | -12,866,000 | -16,152,000 | -17,722,000 | -10,939,000 | -22,402,000 | -13,319,000 | -17,899,000 | -15,832,000 | -6,181,000 | -4,820,000 | -4,663,000 | -3,464,000 | -7,843,000 | -3,537,000 | -14,052,000 | -882,000 | |||||
investing activities | ||||||||||||||||||||||||||||||||
acquisition of property and equipment | -25,000 | -14,000 | -322,000 | -119,000 | -123,000 | -507,000 | -281,000 | -651,000 | -274,000 | -51,000 | 18,000 | -360,000 | -81,000 | -201,000 | -492,000 | -397,000 | -963,000 | -355,000 | -413,000 | -1,377,000 | -2,717,000 | -1,466,000 | -733,000 | -492,000 | -3,716,000 | -542,000 | -2,527,000 | -1,492,000 | -2,730,000 | -1,698,000 | -1,074,000 | -418,000 |
capitalized software development costs | -2,532,000 | -4,450,000 | -4,336,000 | -3,984,000 | -4,313,000 | -4,750,000 | -4,577,000 | -4,096,000 | -3,423,000 | -3,095,000 | -2,765,000 | -2,442,000 | -2,970,000 | -3,087,000 | -3,769,000 | -2,314,000 | -2,386,000 | -2,506,000 | -2,508,000 | -1,923,000 | -1,114,000 | -1,387,000 | -1,210,000 | -922,000 | -876,000 | -697,000 | -650,000 | -489,000 | -418,000 | -324,000 | -283,000 | -374,000 |
proceeds from divestitures, net of cash divested | ||||||||||||||||||||||||||||||||
net cash from investing activities | -2,277,000 | -4,464,000 | -4,658,000 | -3,903,000 | -4,086,000 | -5,257,000 | -4,656,000 | -4,747,000 | -1,367,000 | -3,146,000 | -2,747,000 | -2,802,000 | -3,153,000 | -3,304,000 | -4,269,000 | -5,034,000 | -3,414,000 | -2,871,000 | -348,448,000 | -151,962,000 | -3,857,000 | -2,873,000 | -1,950,000 | -1,437,000 | -4,609,000 | -1,248,000 | -3,182,000 | -1,981,000 | -3,157,000 | -2,024,000 | -1,367,000 | -794,000 |
financing activities | ||||||||||||||||||||||||||||||||
proceeds from issuance of debt | 6,000,000 | 0 | 0 | 0 | 0 | 30,000,000 | 0 | 0 | ||||||||||||||||||||||||
principal payments of debt | -10,000 | -10,000 | -7,000 | -4,000 | -11,000 | -3,000 | -8,000 | -13,000 | -5,000 | -6,000 | -6,000 | -6,000 | -5,000 | -6,000 | -6,000 | -36,682,000 | -10,005,000 | -5,000 | -106,000 | -664,000 | -51,785,000 | -26,000 | ||||||||||
proceeds from termination of capped calls related to convertible notes | 0 | 0 | ||||||||||||||||||||||||||||||
proceeds from issuance of common stock | 11,000 | 0 | 0 | 48,634,000 | 0 | 44,000 | -18,000 | 4,000 | 198,000 | 195,000 | 225,000 | 473,000 | 977,000 | 484,713,000 | 3,805,000 | 945,000 | 2,290,000 | 3,145,000 | 9,294,000 | 80,709,000 | 1,040,000 | 173,000 | 155,000 | 1,652,000 | 37,000 | 70,490,000 | ||||||
settlement of contingent consideration | 0 | 0 | -2,000,000 | -3,000,000 | 0 | -1,000 | 5,908,000 | -20,074,000 | 0 | 0 | ||||||||||||||||||||||
equity issuance costs | 0 | -119,000 | -158,000 | 0 | -52,000 | -665,000 | -1,232,000 | |||||||||||||||||||||||||
debt issuance costs | -17,000 | -12,000 | -59,000 | -34,000 | -201,000 | -268,000 | 7,000 | -7,000 | 0 | -114,000 | -44,000 | -42,000 | 0 | -50,000 | -87,000 | -6,000 | 0 | 0 | ||||||||||||||
net cash from financing activities | -6,017,000 | -12,000 | -2,059,000 | -3,034,000 | -202,000 | -388,000 | -26,287,000 | 28,321,000 | 21,000 | -50,076,000 | 29,981,000 | 3,139,000 | 9,130,000 | 43,939,000 | -9,052,000 | 162,000 | 49,000 | 936,000 | -5,026,000 | 69,232,000 | ||||||||||||
effect of exchange rates on cash, cash equivalents and restricted cash | -85,000 | 0 | -4,000 | -21,000 | 75,000 | -74,000 | -59,000 | 176,000 | -170,000 | -787,000 | -335,000 | -634,000 | -174,000 | -275,000 | -257,000 | 139,000 | 425,000 | 114,000 | 96,000 | -588,000 | 536,000 | -336,000 | -219,000 | 120,000 | -139,000 | -53,000 | -229,000 | 175,000 | ||||
net decrease in cash, cash equivalents and restricted cash | -1,394,000 | -4,260,000 | 1,690,000 | -2,005,000 | -18,531,000 | -3,820,000 | -2,292,000 | |||||||||||||||||||||||||
cash, cash equivalents, and restricted cash — beginning of period | 0 | 0 | 0 | 91,830,000 | 0 | 0 | 0 | 121,985,000 | 0 | 0 | 0 | 233,562,000 | 0 | 0 | 0 | 293,349,000 | 0 | 0 | 0 | 104,587,000 | 0 | 0 | 0 | 59,870,000 | 0 | |||||||
cash, cash equivalents, and restricted cash — end of period | -1,394,000 | -4,260,000 | -26,518,000 | 97,766,000 | 1,690,000 | -2,005,000 | -47,131,000 | 139,276,000 | -16,603,000 | -18,531,000 | -51,266,000 | 208,385,000 | -3,918,000 | -13,234,000 | -362,945,000 | 613,659,000 | 5,601,000 | 189,273,000 | -3,820,000 | 102,295,000 | 9,157,000 | 52,681,000 | -13,939,000 | 56,688,000 | -7,942,000 | |||||||
amortization of right-of-use assets | 515,000 | 642,000 | 632,000 | 555,000 | 523,000 | 549,000 | 602,000 | 970,000 | 1,235,000 | 1,291,000 | 1,423,000 | 1,516,000 | 1,416,000 | 1,281,000 | 1,073,000 | 908,000 | 852,000 | 879,000 | ||||||||||||||
gain on disposal or divestiture | 319,000 | |||||||||||||||||||||||||||||||
other non-cash income | ||||||||||||||||||||||||||||||||
accounts receivable | 4,643,000 | 2,629,000 | 7,536,000 | -1,874,000 | 1,460,000 | 13,323,000 | -7,078,000 | -3,336,000 | 21,405,000 | -4,581,000 | 4,384,000 | 15,279,000 | -10,966,000 | 2,342,000 | 7,867,000 | -27,406,000 | -17,450,000 | 20,311,000 | 22,149,000 | -20,229,000 | 1,235,000 | -11,764,000 | 4,740,000 | -20,309,000 | 3,182,000 | -922,000 | 8,623,000 | |||||
consumer incentive liability | -3,819,000 | 4,071,000 | -8,245,000 | 4,331,000 | 1,464,000 | -8,698,000 | 5,883,000 | -328,000 | -10,630,000 | 5,431,000 | -2,176,000 | -7,503,000 | 6,364,000 | 1,242,000 | -4,072,000 | 5,180,000 | ||||||||||||||||
business divestiture and acquisitions, net of cash acquired | 0 | |||||||||||||||||||||||||||||||
principal payment of debt | ||||||||||||||||||||||||||||||||
effect of exchange rates on cash and cash equivalents | -69,000 | 191,000 | 95,000 | |||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -2,784,000 | |||||||||||||||||||||||||||||||
cash and cash equivalents — beginning of period | 0 | 0 | 65,594,000 | |||||||||||||||||||||||||||||
cash and cash equivalents — end of period | -2,784,000 | -5,301,000 | 52,046,000 | |||||||||||||||||||||||||||||
principal payments of the 2018 line of credit | ||||||||||||||||||||||||||||||||
principal payments of 2020 convertible senior notes | ||||||||||||||||||||||||||||||||
proceeds from issuance of 2024 convertible senior notes | ||||||||||||||||||||||||||||||||
loss on disposal or divestiture | -5,350,000 | |||||||||||||||||||||||||||||||
business divestiture | 200,000 | |||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -13,548,000 | |||||||||||||||||||||||||||||||
income tax benefit | 0 | 0 | ||||||||||||||||||||||||||||||
acquisition of patents | -102,000 | -16,000 | -8,000 | -49,000 | -65,000 | -10,000 | -30,000 | -28,000 | -26,000 | -20,000 | -7,000 | -23,000 | -17,000 | -9,000 | -9,000 | -2,000 | -10,000 | -2,000 | ||||||||||||||
business acquisitions, net of cash acquired | 0 | |||||||||||||||||||||||||||||||
repurchase of common stock | 0 | 0 | ||||||||||||||||||||||||||||||
deferred equity issuance costs | 0 | 0 | ||||||||||||||||||||||||||||||
net income | -24,275,000 | 13,608,000 | 33,038,000 | |||||||||||||||||||||||||||||
deferred financing costs | -239,000 | |||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 5,936,000 | 17,291,000 | -25,177,000 | -3,918,000 | 320,310,000 | 5,601,000 | 9,157,000 | 52,681,000 | -13,939,000 | -3,182,000 | -7,942,000 | -2,656,000 | -19,317,000 | 68,523,000 | ||||||||||||||||||
accretion of debt discount and non-cash interest expense | 2,435,000 | 2,398,000 | 2,359,000 | 2,321,000 | 0 | 0 | 826,000 | 1,500,000 | ||||||||||||||||||||||||
change in fair value of contingent consideration | -34,584,000 | -14,030,000 | -46,126,000 | -2,968,000 | -65,050,000 | -6,367,000 | 6,261,000 | |||||||||||||||||||||||||
deferred implementation costs | 1,442,000 | |||||||||||||||||||||||||||||||
net cash (used in) received from financing activities | ||||||||||||||||||||||||||||||||
goodwill impairment | 0 | |||||||||||||||||||||||||||||||
loss in fair value of contingent consideration | ||||||||||||||||||||||||||||||||
deferred debt costs | -13,000 | -30,000 | -15,000 | |||||||||||||||||||||||||||||
gain in fair value of contingent consideration | ||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs paid of 6,900 | ||||||||||||||||||||||||||||||||
purchase of capped calls related to convertible senior notes | 0 | |||||||||||||||||||||||||||||||
net cash received from financing activities | -39,984,000 | 182,000 | 225,000 | 370,000 | 738,000 | 484,665,000 | ||||||||||||||||||||||||||
net cash received provided by (used in) financing activities | ||||||||||||||||||||||||||||||||
business acquisition, net of cash acquired | 0 | -2,274,000 | 0 | -345,497,000 | -148,634,000 | |||||||||||||||||||||||||||
recovery of deferred implementation costs | ||||||||||||||||||||||||||||||||
net cash received from operating activities | ||||||||||||||||||||||||||||||||
amortization of deferred implementation costs | 730,000 | 882,000 | ||||||||||||||||||||||||||||||
change in the fair value of warrant liabilities | 0 | -801,000 | -1,611,000 | 9,172,000 | ||||||||||||||||||||||||||||
amortization and impairment of deferred fi implementation costs | 958,000 | |||||||||||||||||||||||||||||||
settlement of paid-in-kind interest | 0 | -42,000 | ||||||||||||||||||||||||||||||
deferred fi implementation costs | -3,500,000 | -3,500,000 | -3,344,000 | 1,094,000 | ||||||||||||||||||||||||||||
recovery of deferred fi implementation costs | 1,156,000 | 1,157,000 | 1,155,000 | 1,157,000 | 1,344,000 | 1,344,000 | ||||||||||||||||||||||||||
fi share liability | 10,980,000 | 7,186,000 | -11,757,000 | -10,908,000 | 8,260,000 | 3,109,000 | 7,219,000 | -4,287,000 | 7,470,000 | -543,000 | -647,000 | -2,538,000 | ||||||||||||||||||||
proceeds from issuance of convertible senior notes | ||||||||||||||||||||||||||||||||
bad debt expense | -45,000 | -151,000 | 1,477,000 | |||||||||||||||||||||||||||||
amortization of deferred fi implementation costs | 991,000 | 1,008,000 | 696,000 | 789,000 | 731,000 | 653,000 | ||||||||||||||||||||||||||
change in the fair value of convertible promissory notes | ||||||||||||||||||||||||||||||||
change in the fair value of convertible promissory notes - related parties | ||||||||||||||||||||||||||||||||
proceeds from issuance of series g preferred stock | ||||||||||||||||||||||||||||||||
change in fair value of warrant liabilities | ||||||||||||||||||||||||||||||||
net cash (used in) from operating activities | ||||||||||||||||||||||||||||||||
supplemental schedule of non-cash investing and financing activities: | ||||||||||||||||||||||||||||||||
amounts accrued for property and equipment | -1,093,000 | 1,146,000 | -1,057,000 | 472,000 | 70,000 | 1,155,000 | ||||||||||||||||||||||||||
amounts accrued for capitalized software development costs | -77,000 | -55,000 | 141,000 | |||||||||||||||||||||||||||||
termination of u.k. agreement expense | ||||||||||||||||||||||||||||||||
payable to related party | ||||||||||||||||||||||||||||||||
proceeds from issuance of debt—related parties | ||||||||||||||||||||||||||||||||
debt extinguishment costs | ||||||||||||||||||||||||||||||||
stock-based compensation | ||||||||||||||||||||||||||||||||
cash flows from operating activities: | ||||||||||||||||||||||||||||||||
change in allowance for doubtful accounts | 16,000 | -32,000 | ||||||||||||||||||||||||||||||
stock compensation expense | 8,345,000 | 2,900,000 | ||||||||||||||||||||||||||||||
total adjustment | 358,000 | 19,965,000 | ||||||||||||||||||||||||||||||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash—beginning of period | 0 | 21,262,000 | ||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash—end of period | -19,317,000 | 89,785,000 | ||||||||||||||||||||||||||||||
cash paid for interest | 8,457,000 | 247,000 | ||||||||||||||||||||||||||||||
stock-based compensation capitalized for software development | 0 | 6,000 | ||||||||||||||||||||||||||||||
other non-cash expenses | 2,253,000 | |||||||||||||||||||||||||||||||
increase in allowance for doubtful accounts | ||||||||||||||||||||||||||||||||
depreciation and amortization expense | ||||||||||||||||||||||||||||||||
accretion of debt discount charged to interest expense | ||||||||||||||||||||||||||||||||
change in fair value of warrant liability | ||||||||||||||||||||||||||||||||
change in fair value of convertible promissory notes | ||||||||||||||||||||||||||||||||
change in fair value of convertible promissory notes—related parties | ||||||||||||||||||||||||||||||||
acquisition of intangible assets | ||||||||||||||||||||||||||||||||
proceeds from issuance of debt — related parties | ||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash — beginning of period | ||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash — end of period |
