Enfusion, Inc.(NYSE:ENFN) 
Enfusion Inc. offers software-as-a-service for investment management industry in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It provides portfolio management system, which generates a real-time investment book of record that consists of valuation and risk tools, which a...
Website: http://www.enfusion.com
Founded: 1995
CEO: Thomas Kim
Sector: Technology
Industry: Software—Application
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues: | ||||||||||||||
platform subscriptions | 49,252,000 | 47,786,000 | 45,794,000 | 44,689,000 | 43,054,000 | 40,857,000 | 39,610,000 | 37,998,000 | 37,804,000 | 35,953,000 | 33,560,000 | 31,551,000 | 28,936,000 | 27,136,000 |
managed services | 3,211,000 | 3,078,000 | 3,223,000 | 3,177,000 | 3,056,000 | 3,028,000 | 2,945,000 | 2,744,000 | 2,691,000 | 2,504,000 | 2,396,000 | 2,230,000 | 1,935,000 | 1,890,000 |
other | 475,000 | 302,000 | 438,000 | 186,000 | 376,000 | 472,000 | 166,000 | 229,000 | 22,000 | 694,000 | 584,000 | 360,000 | 982,000 | 19,000 |
total revenues | 52,938,000 | 51,166,000 | 49,455,000 | 48,052,000 | 46,486,000 | 44,357,000 | 42,721,000 | 40,971,000 | 40,517,000 | 39,151,000 | 36,540,000 | 34,141,000 | ||
yoy | 13.88% | 15.35% | 15.76% | 17.28% | 14.73% | 13.30% | 16.92% | 20.01% | ||||||
qoq | 3.46% | 3.46% | 2.92% | 3.37% | 4.80% | 3.83% | 4.27% | 1.12% | 3.49% | 7.15% | 7.03% | |||
| ||||||||||||||
cost of revenues: | ||||||||||||||
total cost of revenues | 16,398,000 | 16,340,000 | 15,962,000 | 16,174,000 | 15,624,000 | 14,507,000 | 14,208,000 | 13,302,000 | 13,296,000 | 11,974,000 | 10,847,000 | 10,983,000 | 10,164,000 | 8,095,000 |
gross profit | 36,540,000 | 34,826,000 | 33,493,000 | 31,878,000 | 30,862,000 | 29,850,000 | 28,513,000 | 27,669,000 | 27,221,000 | 27,177,000 | 25,693,000 | 23,158,000 | 21,689,000 | 20,950,000 |
yoy | 18.40% | 16.67% | 17.47% | 15.21% | 13.38% | 9.84% | 10.98% | 19.48% | 25.51% | 29.72% | ||||
qoq | 4.92% | 3.98% | 5.07% | 3.29% | 3.39% | 4.69% | 3.05% | 1.65% | 0.16% | 5.78% | 10.95% | 6.77% | 3.53% | |
gross margin % | 69.02% | 68.06% | 67.72% | 66.34% | 66.39% | 67.29% | 66.74% | 67.53% | 67.18% | 69.42% | 70.31% | 67.83% | Infinity% | Infinity% |
operating expenses: | ||||||||||||||
general and administrative | 21,148,000 | 18,782,000 | 18,673,000 | 20,223,000 | 17,115,000 | 16,721,000 | 16,326,000 | 14,473,000 | 15,073,000 | 13,094,000 | 18,302,000 | 22,295,000 | 128,229,000 | 8,546,000 |
sales and marketing | 6,570,000 | 6,221,000 | 6,021,000 | 6,217,000 | 5,552,000 | 5,503,000 | 5,277,000 | 4,086,000 | 6,001,000 | 7,278,000 | 7,575,000 | 8,432,000 | 39,402,000 | 4,901,000 |
technology and development | 7,238,000 | 6,842,000 | 6,096,000 | 6,551,000 | 6,061,000 | 4,937,000 | 4,464,000 | 4,431,000 | 4,775,000 | 3,864,000 | 3,722,000 | 4,802,000 | 146,556,000 | 2,600,000 |
total operating expenses | 34,956,000 | 31,845,000 | 30,790,000 | 32,991,000 | 28,728,000 | 27,161,000 | 26,067,000 | 22,990,000 | 25,849,000 | 24,236,000 | 29,599,000 | 35,529,000 | 314,187,000 | 16,047,000 |
income from operations | 1,584,000 | 2,981,000 | 2,703,000 | -1,113,000 | 2,134,000 | 2,689,000 | 2,446,000 | 4,679,000 | 1,372,000 | 2,941,000 | -3,906,000 | -12,371,000 | -292,498,000 | 4,903,000 |
yoy | -25.77% | 10.86% | 10.51% | -123.79% | 55.54% | -8.57% | -162.62% | -137.82% | -100.47% | -40.02% | ||||
qoq | -46.86% | 10.28% | -342.86% | -152.16% | -20.64% | 9.93% | -47.72% | 241.03% | -53.35% | -175.29% | -68.43% | -95.77% | -6065.69% | |
operating margin % | 2.99% | 5.83% | 5.47% | -2.32% | 4.59% | 6.06% | 5.73% | 11.42% | 3.39% | 7.51% | -10.69% | -36.24% | -Infinity% | Infinity% |
non-operating income: | ||||||||||||||
payment to related party | -1,501,000 | |||||||||||||
loss on extinguishment of debt | -19,500 | -78,000 | ||||||||||||
interest income | 533,000 | 487,000 | 356,000 | 317,000 | ||||||||||
other income | -200,000 | -607,000 | 267,250 | 417,000 | 241,000 | 411,000 | -590,000 | -52,000 | 1,000 | 3,000 | -1,214,000 | 29,000 | ||
total non-operating income | 874,000 | -120,000 | 245,000 | 235,000 | 46,000 | 339,000 | -1,260,000 | 411,000 | -3,000 | -1,521,000 | -1,456,000 | |||
income before income taxes | 2,458,000 | 2,861,000 | 2,948,000 | -878,000 | 2,180,000 | 3,028,000 | 1,186,000 | 5,090,000 | 1,206,000 | 2,885,000 | -3,906,000 | -12,374,000 | -294,019,000 | 3,447,000 |
income taxes | 2,286,000 | 904,000 | 401,000 | -117,000 | 1,280,000 | 367,000 | 188,000 | 396,000 | 418,000 | 287,000 | 219,000 | 150,000 | 176,000 | 154,000 |
net income | 172,000 | 1,957,000 | 2,547,000 | -761,000 | 900,000 | 2,661,000 | 998,000 | 4,694,000 | 788,000 | 2,598,000 | -4,125,000 | -12,524,000 | -293,894,000 | 3,293,000 |
yoy | -80.89% | -26.46% | 155.21% | -116.21% | 14.21% | 2.42% | -124.19% | -137.48% | -100.27% | -21.11% | ||||
qoq | -91.21% | -23.16% | -434.69% | -184.56% | -66.18% | 166.63% | -78.74% | 495.69% | -69.67% | -162.98% | -67.06% | -95.74% | -9024.81% | |
net income margin % | 0.32% | 3.82% | 5.15% | -1.58% | 1.94% | 6.00% | 2.34% | 11.46% | 1.94% | 6.64% | -11.29% | -36.68% | -Infinity% | Infinity% |
net income attributable to non-controlling interests | 51,000 | 542,000 | 721,000 | -222,000 | 277,000 | 833,000 | 369,000 | 1,749,000 | 294,000 | 1,059,000 | ||||
net income attributable to enfusion, inc. | 121,000 | 1,415,000 | 1,826,000 | -539,000 | 623,000 | 1,828,000 | 629,000 | 2,945,000 | 494,000 | 1,539,000 | -2,422,000 | |||
net income per class a common shares attributable to enfusion, inc.: | ||||||||||||||
basic | 20 | 20 | -10 | 10 | 20 | 10 | 40 | -27.5 | 20 | |||||
diluted | 20 | 20 | -10 | 10 | 20 | 10 | 40 | -27.5 | 20 | |||||
weighted-average number of class a common shares outstanding: | ||||||||||||||
basic | 92,045,000 | 92,904,000 | 91,480,000 | 89,509,000 | 88,202,000 | 87,739,000 | 88,314,000 | 88,863,000 | 85,156,000 | |||||
diluted | 129,550,000 | 128,984,000 | 128,852,000 | 89,509,000 | 129,429,000 | 127,841,000 | 129,856,000 | 132,346,000 | 131,760,000 | |||||
other expense | -111,000 | -82,000 | ||||||||||||
interest expense | -2,750 | -4,000 | -1,000 | -6,000 | -307,000 | -1,485,000 | ||||||||
total non-operating expense | -166,000 | -56,000 | ||||||||||||
net loss attributable to non-controlling interests | -1,703,000 | -5,259,000 | ||||||||||||
net loss per class a common shares attributable to enfusion, inc.: | ||||||||||||||
basic and diluted | -30 | -100 | ||||||||||||
weighted-average number of class a common shares outstanding: | ||||||||||||||
basic and diluted | 85,393,000 | 84,581,000 | 83,384,000 | 83,045,000 | ||||||||||
net loss attributable to enfusion, inc. | -7,265,000 | |||||||||||||
total net revenues | 19,961,750 | 29,045,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||
current assets: | ||||||||||||||
cash and cash equivalents | 54,480,000 | 48,299,000 | 34,447,000 | 32,894,000 | 35,604,000 | 31,652,000 | 27,771,000 | 54,598,000 | 62,545,000 | 63,543,000 | ||||
accounts receivable | 31,988,000 | 32,173,000 | 33,672,000 | 30,932,000 | 28,069,000 | 24,855,000 | 25,170,000 | 24,356,000 | 25,855,000 | 28,992,000 | 28,771,000 | 23,410,000 | 18,223,000 | 18,999,000 |
prepaid expenses | 5,342,000 | 3,576,000 | 4,475,000 | 5,420,000 | 5,009,000 | 4,079,000 | 4,967,000 | 5,600,000 | 6,105,000 | 2,605,000 | 3,634,000 | 5,458,000 | ||
other current assets | 1,711,000 | 1,388,000 | 1,573,000 | 1,677,000 | 1,170,000 | 1,459,000 | 1,718,000 | 2,093,000 | 2,303,000 | 888,000 | 1,287,000 | 1,332,000 | ||
total current assets | 93,521,000 | 85,436,000 | 74,167,000 | 70,923,000 | 69,852,000 | 62,045,000 | 59,626,000 | 86,647,000 | 96,808,000 | 96,028,000 | 90,251,000 | 86,406,000 | 89,678,000 | 35,508,000 |
notes receivable | 3,000,000 | 3,000,000 | 3,000,000 | |||||||||||
property, equipment, and software | 20,963,000 | 20,513,000 | 19,672,000 | 18,851,000 | 18,314,000 | |||||||||
right-of-use-assets | 18,062,000 | 18,926,000 | 16,054,000 | 14,151,000 | 14,304,000 | 15,734,000 | 12,388,000 | 13,438,000 | ||||||
other assets | 7,715,000 | 7,065,000 | 7,197,000 | 7,038,000 | 6,502,000 | 5,825,000 | 4,532,000 | 4,529,000 | 4,484,000 | 4,151,000 | 3,783,000 | 3,499,000 | 3,356,000 | 1,625,000 |
total assets | 143,261,000 | 134,940,000 | 120,090,000 | 110,963,000 | 108,972,000 | 101,740,000 | 94,053,000 | 121,493,000 | 123,783,000 | 115,602,000 | 110,127,000 | 104,951,000 | 106,085,000 | 49,631,000 |
| 2,021,000 | |||||||||||||
liabilities and stockholders’ equity | ||||||||||||||
current liabilities: | ||||||||||||||
accounts payable | 867,000 | 1,175,000 | 816,000 | 3,364,000 | 2,212,000 | 1,341,000 | 868,000 | 1,290,000 | 1,685,000 | 1,185,000 | 879,000 | 1,189,000 | 2,528,000 | 2,309,000 |
accrued expenses and other current liabilities | 20,393,000 | 16,460,000 | 11,862,000 | 9,513,000 | 13,841,000 | 10,629,000 | 8,129,000 | 7,403,000 | 11,665,000 | 10,804,000 | 8,963,000 | 6,557,000 | 5,578,000 | 8,968,000 |
current portion of lease liabilities | 6,076,000 | 5,935,000 | 5,194,000 | 4,529,000 | 4,256,000 | 4,403,000 | 4,761,000 | 5,013,000 | 4,030,000 | |||||
total current liabilities | 27,336,000 | 23,570,000 | 17,872,000 | 17,406,000 | 20,309,000 | 16,373,000 | 13,758,000 | 13,706,000 | 17,380,000 | 11,989,000 | 9,842,000 | 7,746,000 | 8,106,000 | 16,277,000 |
lease liabilities, net of current portion | 14,236,000 | 15,193,000 | 12,803,000 | 10,931,000 | 11,181,000 | 12,090,000 | 8,052,000 | 8,642,000 | 2,959,000 | |||||
other non-current liabilities | 2,150,000 | |||||||||||||
total liabilities | 43,722,000 | 38,763,000 | 30,675,000 | 28,337,000 | 31,490,000 | 28,463,000 | 21,810,000 | 22,348,000 | 20,339,000 | 12,432,000 | 10,321,000 | 8,243,000 | 8,644,000 | 109,400,000 |
commitment and contingencies | ||||||||||||||
stockholders’ equity: | ||||||||||||||
preferred stock, 0.001 par value... | ||||||||||||||
class a common stock, 0.001 par value... | 95,000 | 93,000 | 92,000 | 90,000 | 88,000 | 88,000 | 82,000 | 74,000 | 71,000 | 67,000 | 67,000 | 66,000 | 66,000 | |
class b common stock, 0.001 par value... | 34,000 | 35,000 | 36,000 | 38,000 | 39,000 | 39,000 | 41,000 | 41,000 | 43,000 | 46,000 | 46,000 | 47,000 | 47,000 | |
additional paid-in capital | 243,935,000 | 240,224,000 | 236,327,000 | 231,881,000 | 226,877,000 | 224,710,000 | 223,766,000 | 240,075,000 | 244,260,000 | 241,045,000 | 240,501,000 | 233,607,000 | 226,717,000 | |
accumulated deficit | -170,109,000 | -170,230,000 | -171,645,000 | -173,471,000 | -172,932,000 | -173,555,000 | -175,383,000 | -176,012,000 | -178,863,000 | -179,357,000 | -180,896,000 | -178,474,000 | -171,209,000 | |
accumulated other comprehensive loss | -734,000 | -199,000 | -509,000 | -484,000 | -406,000 | -548,000 | -378,000 | -473,000 | -504,000 | -672,000 | -582,000 | -375,000 | -325,000 | -306,000 |
total stockholders’ equity attributable to enfusion, inc. | 73,221,000 | 69,923,000 | 64,301,000 | 58,054,000 | 53,666,000 | 50,734,000 | 48,128,000 | 63,705,000 | 65,007,000 | 61,129,000 | 59,136,000 | 54,871,000 | ||
non-controlling interests | 26,318,000 | 26,254,000 | 25,114,000 | 24,572,000 | 23,816,000 | 22,543,000 | 24,115,000 | 35,440,000 | 38,437,000 | 42,041,000 | 40,670,000 | 41,837,000 | 42,145,000 | |
total stockholders’ equity | 99,539,000 | 96,177,000 | 89,415,000 | 82,626,000 | 77,482,000 | 73,277,000 | ||||||||
total liabilities and stockholders’ equity | 143,261,000 | 134,940,000 | 120,090,000 | 110,963,000 | 108,972,000 | 101,740,000 | ||||||||
property and equipment | 18,136,000 | 17,507,000 | 16,879,000 | 15,759,000 | 15,423,000 | 16,093,000 | 15,046,000 | 13,051,000 | 12,498,000 | |||||
liabilities and stockholders' equity | ||||||||||||||
stockholders' equity: | ||||||||||||||
total stockholders' equity | 72,243,000 | 99,145,000 | 103,444,000 | 103,170,000 | 99,806,000 | 96,708,000 | ||||||||
total liabilities and stockholders' equity | 94,053,000 | 121,493,000 | 123,783,000 | 115,602,000 | 110,127,000 | 104,951,000 | ||||||||
right-of-use assets | 6,732,000 | |||||||||||||
other liabilities | 443,000 | 479,000 | 497,000 | 538,000 | 588,000 | |||||||||
cash | 56,559,000 | 56,206,000 | 64,365,000 | 8,432,000 | ||||||||||
commitments and contingencies | ||||||||||||||
prepaid expenses and other current assets | 7,090,000 | 8,077,000 | ||||||||||||
liabilities, preferred units, stockholders' equity and members’ deficit | ||||||||||||||
current portion of long-term debt | 5,000,000 | |||||||||||||
long-term debt | 92,535,000 | |||||||||||||
preferred units: | ||||||||||||||
class c-1 units, no par value, 28.777 units issued and outstanding as of december 31, 2020 | ||||||||||||||
class c-2 units, no par value, 12.219 units issued and outstanding as of december 31, 2020 | ||||||||||||||
class d units, no par value, 12.778 units issued and outstanding as of december 31, 2020 | ||||||||||||||
total preferred units | 169,866,000 | |||||||||||||
stockholders' equity/members’ deficit: | ||||||||||||||
members' deficit, no par value, 47.968 units issued and outstanding as of december 31, 2020 | ||||||||||||||
preferred stock, par value 0.001 per share... | ||||||||||||||
total stockholders’ equity attributable to enfusion, inc. /members’ deficit | 55,296,000 | |||||||||||||
total stockholders' equity/ members’ deficit | 97,441,000 | |||||||||||||
total liabilities, preferred units and stockholders’ equity/members’ deficit | 106,085,000 | |||||||||||||
liabilities, preferred units and members’ equity | ||||||||||||||
class c-1 units, no par value, 28.777 units issued and outstanding as of september 30, 2021 and december 31, 2020. | 8,901,000 | |||||||||||||
class c-2 units, no par value, 12.219 units issued and outstanding as of september 30, 2021 and december 31, 2020. | 45,900,000 | |||||||||||||
class d units, no par value, 12.778 units issued and outstanding as of september 30, 2021 and december 31, 2020. | 115,065,000 | |||||||||||||
members’ equity | ||||||||||||||
class a units, no par value, 47.968 units issued and outstanding as of september 30, 2021 and december 31, 2020. | -229,329,000 | |||||||||||||
total members’ equity | -229,635,000 | |||||||||||||
total liabilities, preferred units and members’ equity | 49,631,000 | |||||||||||||
revenues: | ||||||||||||||
platform subscriptions | 27,136,000 | |||||||||||||
managed services | 1,890,000 | |||||||||||||
other | 19,000 | |||||||||||||
total net revenues | 29,045,000 | |||||||||||||
cost of revenues: | ||||||||||||||
total cost of revenues | 8,095,000 | |||||||||||||
gross profit | 20,950,000 | |||||||||||||
operating expenses: | ||||||||||||||
general and administrative | 8,546,000 | |||||||||||||
sales and marketing | 4,901,000 | |||||||||||||
technology and development | 2,600,000 | |||||||||||||
total operating expenses | 16,047,000 | |||||||||||||
income from operations | 4,903,000 | |||||||||||||
non-operating income: | ||||||||||||||
interest expense | -1,485,000 | |||||||||||||
other income | 29,000 | |||||||||||||
total non-operating income | -1,456,000 | |||||||||||||
income before income taxes | 3,447,000 | |||||||||||||
income taxes | 154,000 | |||||||||||||
net income | 3,293,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||
net income | 172,000 | 1,957,000 | 2,547,000 | -761,000 | 900,000 | 2,661,000 | 998,000 | 4,694,000 | 788,000 | 2,598,000 | -4,125,000 | -12,524,000 | -293,894,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||
non-cash lease expense | 1,829,000 | 1,752,000 | 2,037,000 | 1,765,000 | 1,651,000 | 1,975,000 | |||||||
depreciation and amortization | 3,247,000 | 2,960,000 | 2,873,000 | 2,674,000 | 3,515,000 | 2,522,000 | 2,082,000 | 1,868,000 | 1,690,000 | 1,699,000 | 1,615,000 | 1,340,000 | 1,316,000 |
provision for credit losses | 410,000 | -141,000 | -71,000 | 702,000 | 213,000 | 475,000 | |||||||
amortization of debt-related costs | 58,000 | 59,000 | 58,000 | 59,000 | 75,000 | 4,000 | 7,000 | 6,000 | 7,000 | 6,000 | 7,000 | 6,000 | 0 |
loss on extinguishment of debt | 0 | ||||||||||||
stock-based compensation expense | 3,733,000 | 4,198,000 | 4,101,000 | 7,001,000 | 3,404,000 | 2,623,000 | 2,578,000 | -1,147,000 | 4,205,000 | 438,000 | 7,668,000 | 12,682,000 | |
change in operating assets and liabilities: | |||||||||||||
accounts receivable | -123,000 | 1,854,000 | -3,156,000 | -2,722,000 | -3,141,000 | -390,000 | -1,026,000 | 878,000 | 2,999,000 | -1,023,000 | -5,697,000 | -5,310,000 | -396,000 |
prepaid expenses and other assets | -1,828,000 | 509,000 | 723,000 | -1,153,000 | -972,000 | ||||||||
accounts payable | -306,000 | 382,000 | -2,572,000 | 1,311,000 | 707,000 | 475,000 | -422,000 | -395,000 | 540,000 | 587,000 | -631,000 | -1,339,000 | 219,000 |
accrued compensation | 2,393,000 | 2,926,000 | 1,901,000 | -3,545,000 | 1,462,000 | 1,790,000 | |||||||
accrued expenses and other liabilities | 1,603,000 | 1,244,000 | 283,000 | -455,000 | 1,197,000 | 787,000 | 4,637,000 | -4,262,000 | 910,000 | 1,805,000 | 2,388,000 | 938,000 | -4,275,000 |
lease liabilities | -1,778,000 | -1,491,000 | -1,402,000 | -1,593,000 | -1,269,000 | -1,646,000 | |||||||
other non-current liabilities | |||||||||||||
net cash from operating activities | 9,673,000 | 16,162,000 | 7,314,000 | 1,533,000 | 6,586,000 | 12,106,000 | 6,018,000 | 924,000 | 7,521,000 | -5,812,000 | |||
capital expenditures | -891,000 | -1,104,000 | -1,005,000 | -635,000 | 2,923,000 | -2,607,000 | -2,219,000 | -2,550,000 | -1,746,000 | -1,641,000 | |||
free cash flows | 8,782,000 | 15,058,000 | 6,309,000 | 898,000 | 9,509,000 | 9,499,000 | 3,799,000 | -1,626,000 | 5,775,000 | -7,453,000 | |||
cash flows from investing activities: | |||||||||||||
purchases of property and equipment | -891,000 | -1,104,000 | -1,005,000 | -635,000 | 2,923,000 | -2,607,000 | -2,219,000 | -2,550,000 | -1,746,000 | -922,000 | -2,092,000 | -3,171,000 | -1,641,000 |
capitalization of software development costs | -1,772,000 | -1,671,000 | -1,701,000 | -2,113,000 | |||||||||
purchase of convertible promissory note | 0 | 0 | |||||||||||
net cash from investing activities | -2,663,000 | -2,775,000 | -5,706,000 | -2,748,000 | -2,295,000 | -2,607,000 | -2,219,000 | -2,550,000 | -1,746,000 | -922,000 | -2,092,000 | -3,171,000 | -1,641,000 |
cash flows from financing activities: | |||||||||||||
distributions to non-controlling interests | 0 | 0 | -35,000 | -101,000 | |||||||||
settlement of tax receivable acquired in reorganization transactions | 0 | ||||||||||||
issuance of class a common stock, net of issuance costs | 0 | 7,630,000 | |||||||||||
payment of withholding taxes on stock-based compensation | 0 | -14,000 | 19,000 | -1,272,000 | -579,000 | -11,788,000 | -40,501,000 | -7,579,000 | -7,042,000 | -20,000 | -92,000 | -805,000 | |
payment of debt issuance and debt facility costs | |||||||||||||
other financing activities | 0 | ||||||||||||
net cash from financing activities | 0 | -14,000 | -16,000 | -1,373,000 | -579,000 | -5,309,000 | -30,842,000 | -6,353,000 | -7,042,000 | -20,000 | -92,000 | -805,000 | 63,382,000 |
effect of exchange rate changes on cash and cash equivalents | -829,000 | 479,000 | -39,000 | -122,000 | 240,000 | -309,000 | |||||||
net increase in cash and cash equivalents | 6,181,000 | ||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 0 | 35,604,000 | 0 | 0 | 0 | 62,545,000 | 0 | ||||
cash and cash equivalents, end of period | 6,181,000 | 13,852,000 | 1,553,000 | 32,894,000 | 3,952,000 | 3,881,000 | -26,827,000 | 54,598,000 | -998,000 | ||||
supplemental disclosure of cash flow information: | |||||||||||||
income taxes paid in cash | 1,205,000 | 307,000 | 166,000 | 372,000 | 1,245,000 | 260,000 | 133,000 | 205,000 | 529,000 | 720,000 | 68,000 | 265,000 | |
supplemental disclosure of non-cash activities: | |||||||||||||
right-of-use assets obtained in exchange for lease liabilities | 3,752,000 | 1,150,000 | 3,661,000 | 1,318,000 | 0 | 5,355,000 | |||||||
capitalized stock-based compensation expense | 186,000 | 197,000 | 190,000 | 389,000 | 275,000 | 220,000 | 162,000 | 109,000 | 100,000 | ||||
accrued property, equipment, and software | 186,000 | 257,000 | 189,000 | 168,000 | |||||||||
provision for credit (benefit) losses | |||||||||||||
other operating activities | |||||||||||||
prepaid expenses | 907,000 | 947,000 | -414,000 | ||||||||||
other assets | -233,000 | -713,000 | -1,646,000 | ||||||||||
net decrease in cash and cash equivalents | 1,553,000 | -2,710,000 | 3,881,000 | ||||||||||
payment of debt issuance costs | |||||||||||||
repayment of term loan | -98,750,000 | ||||||||||||
payment of member distributions | 0 | ||||||||||||
purchases of common units from pre-ipo common unit holders | |||||||||||||
interest paid in cash | |||||||||||||
effect of the reorganization transactions | |||||||||||||
ipo costs included in accrued expenses and other liabilities | |||||||||||||
other | -33,000 | -275,000 | |||||||||||
supplemental disclosure of non-cash investing activities: | |||||||||||||
accrued property and equipment | |||||||||||||
settlement of tax receivable acquired in reorganization transaction | 0 | 1,501,000 | |||||||||||
non-cash operating lease expense | -40,000 | ||||||||||||
effect of exchange rate changes on cash | 32,000 | 269,000 | 84,000 | -353,000 | -86,000 | 4,000 | |||||||
net decrease in cash | -7,947,000 | 6,984,000 | 353,000 | -8,159,000 | |||||||||
cash paid for amounts included in the measurement of lease liabilities | 1,478,000 | ||||||||||||
| |||||||||||||
provision for bad debts | 138,000 | 802,000 | 336,000 | 123,000 | 1,172,000 | ||||||||
net foreign currency losses | |||||||||||||
prepaid expenses and other current assets | -4,013,000 | 930,000 | 1,329,000 | -13,000 | |||||||||
proceeds from term loan | |||||||||||||
issuance of class d units, net of issuance costs | |||||||||||||
proceeds from draw on revolving debt facility | |||||||||||||
redemption of class a units | |||||||||||||
distribution of loan proceeds to members | |||||||||||||
repayment of draw on revolving debt facility | |||||||||||||
payment of equity issuance costs on non-cash issuance of class d units | |||||||||||||
issuance of class a common stock in the ipo, net of issuance costs | |||||||||||||
supplemental disclosure of non-cash financing activities: | |||||||||||||
issuance of class d units in a non-cash exchange for class c-1 and c-2 units | |||||||||||||
accrued property, plant and equipment | -281,000 | ||||||||||||
net cash (used) provided by operating activities | 2,890,000 | -4,097,000 | |||||||||||
cash, beginning of period | 0 | 64,365,000 | 0 | ||||||||||
cash, end of period | 353,000 | 56,206,000 | 55,933,000 | ||||||||||
issuance of class c-2 units, net of issuance costs | |||||||||||||
purchase of common units from pre-ipo common unit holders | |||||||||||||
net increase in cash | 55,933,000 | ||||||||||||
interest paid |