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 2021-12-31 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 2017-09-30 2017-06-30 2017-03-31 2016-12-31 
      
    		                              
      cash flows from operating activities:
    		                              
      net income
    		-20,068,000 -19,290,000 1,683,000 -15,050,000 -14,648,000 16,161,000 -22,080,000 -36,182,000 -19,073,000 -10,508,000 -28,678,000 -33,821,000 -21,789,000 -24,586,000 -24,205,000 -19,220,000 -25,385,000 -13,132,000 -12,921,000 -12,063,000 -14,134,000 -9,805,000 -8,450,000 -16,918,000 -12,342,000 -5,764,000 -4,231,000 -3,437,000 -6,202,000 -2,628,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                              
      depreciation and amortization
    		14,447,000 14,527,000 14,630,000 14,884,000 14,774,000 15,347,000 14,562,000 15,257,000 15,434,000 15,088,000 14,226,000 13,011,000 10,843,000 8,643,000 8,140,000 7,320,000 6,656,000 6,479,000 5,492,000 3,995,000 3,705,000 3,521,000 3,844,000 3,690,000 2,638,000 2,561,000 2,418,000 2,295,000 2,933,000 2,067,000 
      amortization of deferred costs
    		4,860,000 5,090,000 4,986,000 4,978,000 4,514,000 4,886,000 4,625,000 4,777,000 3,963,000 3,975,000 3,214,000 3,462,000 3,722,000 3,457,000 3,417,000 2,813,000 2,922,000 2,496,000 1,879,000 2,009,000 1,598,000  1,415,000 1,280,000 1,233,000      
      deferred income taxes
    		-35,000 -875,000 -332,000 -204,000 -501,000 1,949,000 436,000 -1,015,000 -6,553,000 -1,740,000 -1,454,000 -3,077,000 -6,701,000 -1,168,000 704,000 -1,768,000 -1,246,000   42,000 41,000 24,000 0 67,000 34,000 -109,000 21,000   86,000 
      accretion of interest on convertible senior notes
    		519,000 518,000 684,000 723,000 715,000 1,069,000 1,168,000 1,166,000 1,158,000 9,801,000     5,578,000 5,513,000 5,436,000  1,243,000 1,223,000 1,201,000  1,161,000 1,140,000 1,134,000      
      (gain) loss on disposal of assets
    		1,000 -356,000 0                            
      benefit from credit losses and sales reserve
    		441,000 -202,000 -123,000 691,000 1,635,000 1,122,000 -990,000 65,000 213,000 2,071,000 774,000 343,000 1,562,000 1,629,000 55,000 462,000 925,000              
      stock-based compensation
    		11,412,000 10,712,000 8,598,000 16,130,000 13,449,000 7,918,000 17,407,000 16,211,000 6,084,000 -1,536,000 17,441,000 15,505,000 12,685,000 11,816,000 13,351,000 11,278,000 10,310,000 9,395,000 8,301,000 8,008,000 7,785,000 5,582,000 3,495,000 9,926,000 6,586,000 4,380,000 2,794,000 1,089,000 955,000 929,000 
      changes in operating assets and liabilities:
    		                              
      accounts receivable
    		17,853,000 -26,503,000 4,362,000 9,083,000 11,994,000 -29,608,000 5,729,000 11,611,000 11,420,000 -34,207,000 -3,292,000 7,830,000 11,482,000 -14,685,000 -11,270,000 2,896,000 445,000 -17,153,000 -7,018,000 -6,930,000 5,543,000 -4,147,000 -4,103,000 -3,968,000 9,595,000 -9,476,000 -618,000 -7,250,000 4,277,000 -1,904,000 
      prepaid expenses
    		-1,097,000 2,551,000 -955,000 1,853,000 -2,465,000 543,000 2,085,000 379,000 -2,447,000 -571,000 1,015,000 299,000 -1,221,000 769,000 -1,487,000 -208,000 -3,057,000 1,663,000 -1,683,000 772,000 -4,233,000 487,000 -428,000 -360,000 -1,651,000 1,001,000 -508,000 27,000 -1,071,000 840,000 
      deferred costs
    		-4,621,000 -9,747,000 -5,567,000 -7,339,000 -5,909,000 -6,906,000 -5,627,000 -4,309,000 -6,221,000 -5,406,000 -3,280,000 -4,657,000 -3,450,000 -6,902,000 -5,057,000 -2,223,000 -4,720,000 -6,855,000 -4,040,000 -2,171,000 -2,227,000 -1,294,000 -2,793,000 -1,975,000 -2,223,000      
      other assets
    		3,000,000 3,027,000 1,749,000 -3,232,000 -597,000 -11,118,000 1,368,000 4,404,000 1,819,000 5,353,000 -5,675,000 1,918,000 -2,768,000 3,394,000 181,000 640,000 -4,069,000 834,000 841,000 -2,070,000 2,153,000 -2,430,000 -579,000 1,013,000 -2,018,000 195,000 -1,009,000 -309,000 338,000 647,000 
      accounts payable
    		-6,539,000 2,251,000 2,870,000 798,000 -1,732,000 -1,683,000 1,015,000 1,937,000 -6,124,000 7,307,000 -3,475,000 851,000 -911,000 -739,000 122,000 3,236,000 -1,072,000 -2,006,000 3,649,000 -443,000 4,112,000 -1,150,000 -206,000 -609,000 702,000 -910,000 1,250,000 -426,000 -4,000 -674,000 
      accrued payroll and employee related liabilities
    		-1,837,000 7,752,000 90,000 -4,541,000 -1,652,000 2,783,000 1,052,000 -6,109,000 -1,862,000 6,499,000 1,508,000 -3,190,000 -2,130,000 -466,000 4,299,000 -3,555,000 3,221,000 2,574,000 4,838,000 -4,069,000 1,205,000 2,577,000 1,804,000 -4,097,000 4,402,000 1,333,000 1,763,000 -388,000 888,000 -246,000 
      accrued expenses
    		-18,343,000 19,602,000 6,651,000 -3,715,000 -797,000 1,629,000 -2,474,000 -1,409,000 3,246,000 252,000 1,865,000 -2,041,000 3,012,000 1,058,000 592,000 -2,325,000 1,732,000 -1,012,000 423,000 346,000 -1,065,000 919,000 -1,187,000 -818,000 1,384,000 -78,000 -347,000 199,000 94,000 234,000 
      deferred revenue
    		4,316,000 18,763,000 -6,712,000 -8,762,000 3,589,000 13,424,000 -152,000 -12,562,000 8,036,000 22,851,000 3,924,000 -8,553,000 8,373,000 23,857,000 3,829,000 -7,840,000 5,118,000 17,331,000 10,850,000 -1,244,000 2,767,000 5,927,000 6,176,000 3,133,000 -2,072,000 8,577,000 4,933,000 3,684,000 -816,000 3,377,000 
      other liabilities
    		-2,167,000 1,801,000 -2,947,000 -927,000 -1,442,000 11,064,000 -4,865,000 -5,074,000 -1,339,000 1,424,000 -798,000 -2,677,000 -1,955,000 4,962,000 -239,000 -889,000 3,585,000 -1,985,000 121,000 234,000 277,000 1,231,000 445,000 -361,000 373,000 -618,000 104,000 376,000 -13,000 -52,000 
      net cash from operating activities
    		2,142,000 29,621,000 17,009,000 5,370,000 20,575,000 4,354,000 18,035,000 -9,924,000 7,702,000 10,212,000 -2,690,000 -5,137,000 19,808,000 19,399,000 -527,000 -3,870,000 801,000 1,463,000 12,343,000 -12,176,000 8,687,000 4,071,000 676,000 -8,960,000 7,508,000 484,000 6,738,000 -3,818,000 1,459,000 2,968,000 
      cash flows from investing activities:
    		                              
      capital expenditures
    		-247,000 -1,093,000 -1,945,000 -1,604,000 -575,000 -511,000 -225,000 -879,000 -1,847,000 -885,000 -2,042,000 -316,000 -1,812,000 -1,135,000 -947,000 -651,000 -524,000 -852,000 -542,000 -1,102,000 -2,773,000 -866,000 -441,000 -161,000 -253,000 -330,000 -832,000 -282,000 -223,000 -231,000 
      free cash flows
    		1,895,000 28,528,000 15,064,000 3,766,000 20,000,000 3,843,000 17,810,000 -10,803,000 5,855,000 9,327,000 -4,732,000 -5,453,000 17,996,000 18,264,000 -1,474,000 -4,521,000 277,000 611,000 11,801,000 -13,278,000 5,914,000 3,205,000 235,000 -9,121,000 7,255,000 154,000 5,906,000 -4,100,000 1,236,000 2,737,000 
      proceeds from landlord reimbursement
    		2,006,000 0    0            0 0            
      proceeds from sale of assets
    		13,000 0 0 79,000 4,289,000                          
      additions to capitalized software development costs
    		-3,958,000 -3,836,000 -4,835,000 -3,757,000 -4,112,000 -3,456,000 -4,173,000 -3,106,000 -4,330,000 -5,818,000 -2,797,000 -3,587,000 -2,495,000 -2,355,000 -2,623,000 -2,669,000 -2,004,000 -1,952,000 -1,918,000 -1,931,000 -2,018,000 -1,777,000 -2,684,000 -2,039,000 -1,999,000 -1,574,000 -1,542,000 -1,557,000 -1,487,000 -1,200,000 
      net cash from investing activities
    		-2,186,000 -4,929,000 -6,692,000 -5,282,000 -398,000 -4,303,000 -4,381,000 -3,985,000 -6,224,000 -69,108,000 -6,852,000 -169,168,000 -36,708,000 -21,010,000 -14,062,000 -12,644,000 -37,469,000 -2,804,000 -50,615,000 10,861,000 17,984,000 -21,155,000 -26,494,000 7,364,000 -8,128,000 -20,653,000 -13,503,000 -14,165,000 -22,945,000 -3,987,000 
      cash flows from financing activities:
    		                              
      payments associated with shares withheld to settle employee tax withholding liability
    		-2,164,000 -1,667,000 -2,529,000 -1,823,000 -1,866,000                          
      proceeds from employee stock purchase plan
    		1,853,000 0 1,745,000 0 2,546,000 0 1,463,000 0 1,702,000 0 2,136,000 0 2,451,000 0 1,679,000 0 1,710,000 0 1,054,000 0 1,283,000 65,000 877,000 0 881,000 0 686,000 0 854,000  
      proceeds from stock option exercises
    		53,000  25,000 12,000 1,263,000  17,000 65,000 17,000  784,000 559,000 1,604,000  2,179,000 1,596,000 2,989,000  2,335,000 4,741,000 8,746,000  2,986,000 4,369,000 1,466,000      
      other
    		-18,000 -20,000 -19,000 -19,000 -19,000 -19,000 -17,000 -19,000 -19,000      0 400,000 -531,000 0             
      net cash from financing activities
    		-276,000 -1,635,000 -130,357,000 -1,830,000 1,924,000 -289,521,000 -450,000 -1,678,000 1,129,000 -3,520,000 -3,425,000 -1,503,000 284,792,000 -699,000 516,000 1,069,000 4,168,000 341,911,000 -693,000 4,245,000 148,638,000 1,076,000 -406,000 1,188,000 1,241,000 99,066,000 -2,275,000 11,116,000 568,000 -586,000 
      effect of exchange rates on cash, cash equivalents and restricted cash
    		-732,000 1,767,000 -1,295,000 -134,000 63,000 1,391,000 -1,010,000 -1,943,000 -356,000 208,000 -369,000 903,000 -315,000 707,000 8,000 247,000 -666,000 -23,000 -175,000 -24,000 -28,000          
      net increase in cash, cash equivalents and restricted cash
    		-1,052,000   -1,876,000 22,164,000 -288,079,000 12,194,000 -17,530,000 2,251,000 -62,208,000 -13,336,000 -174,905,000 267,577,000 -1,603,000 -14,065,000 -15,198,000 -33,166,000 340,547,000 -39,140,000 2,906,000 175,281,000    582,000      
      cash, cash equivalents and restricted cash—beginning of period
    		125,371,000  0 0 201,594,000  0 0 492,758,000  0 0 475,630,000  0 0 539,662,000  0 0 60,068,000  0 0 103,051,000      
      cash, cash equivalents and restricted cash—end of period
    		124,319,000  -121,335,000 -1,876,000 223,758,000  12,194,000 -17,530,000 495,009,000  -13,336,000 -174,905,000 743,207,000  -14,065,000 -15,198,000 506,496,000  -39,140,000 2,906,000 235,349,000  -26,305,000 -1,034,000 103,633,000      
      supplemental disclosures of cash flow information:
    		                              
      cash paid during the period for:
    		                              
      interest
    		 40,000 1,052,000   275,000 0   284,000 0 292,000 318,000 964,000 0   903,000 0   863,000 0       7,000 
      taxes, net of refunds received
    		589,000 942,000 1,579,000 2,750,000 617,000 171,000 366,000 844,000 335,000 -21,000 629,000 261,000 674,000 129,000 101,000 292,000 184,000      2,000 39,000 2,000  22,000 6,000 -3,000  
      supplemental disclosure of non-cash activities:
    		                              
      capitalized assets included in accounts payable and accrued expenses
    		120,000 -586,000 -24,000 151,000 660,000    1,195,000     205,000 -287,000 147,000 226,000 14,000 -95,000 -472,000 689,000 1,331,000 193,000 47,000 38,000 49,000 -1,311,000 1,140,000 195,000 -28,000 
      stock-based compensation capitalized for software development
    		799,000 1,402,000 737,000 1,267,000 376,000           94,000 58,000 80,000 82,000 274,000 64,000 -14,000 46,000 96,000 108,000 47,000 9,000 12,000 13,000 7,000 
      gain on extinguishment of debt, capped call modification and change in fair value
    		                              
      change in fair value of contingent consideration obligation
    		     0    0    2,165,000                 
      payment of contingent consideration in excess of acquisition date fair value
    		         0                     
      other non-cash adjustments
    		    -352,000   -5,000 -52,000 -335,000 45,000 115,000 -147,000 115,000    -85,000             
      change in operating assets and liabilities:
    		                              
      payments for acquisition of business, net of acquired cash
    		         -62,405,000 -2,013,000 -165,265,000 -32,401,000 -381,000 -10,492,000 -9,324,000 -34,941,000 0 -51,655,000   0 0   0 0 0 -21,235,000  
      proceeds from issuance of convertible notes
    		         0 0 0 375,000,000                  
      payments of debt issuance costs
    		         0 -249,000 -829,000 -9,562,000         0 0 0 -84,000 -3,794,000     
      purchase of convertible notes capped call hedge
    		         0 0 0 -35,100,000                  
      repurchase of convertible notes
    		 0        -2,000 0 0 -58,641,000                  
      proceeds from termination of convertible notes capped call hedge
    		         0 0 0 10,650,000                  
      payments of contingent consideration obligation
    		                              
      proceeds from option exercises
    		                         782,000 972,000 1,103,000 12,000 2,000 
      cash, cash equivalents and restricted cash—beginning of year
    		                              
      cash, cash equivalents and restricted cash—end of year
    		                              
      cash paid during the year for:
    		                              
      supplemental disclosure of non-cash activities
    		                              
      common stock issued in connection with acquisitions
    		         80,254,000 1,773,000 64,482,000 23,032,000 0 17,685,000 5,074,000 30,434,000              
      contingent consideration in connection with acquisitions
    		         60,000 0 0 9,135,000 0 2,047,000 1,690,000 2,530,000              
      common stock issued in connection with contingent consideration payment
    		         0                     
      purchase accounting payable
    		              -634,000 155,000 464,000              
      common stock issued in connection with settlement of convertible notes
    		         283,000 0 1,176,000 15,650,000 10,437,000                 
      modification of 2022 notes capped call options and resulting reclassification from equity to derivative asset
    		     0                         
      common stock received in connection with settlement of capped call options
    		                              
      purchased intangible asset decrease
    		                              
      capitalized development costs included in accounts payable and accrued expenses
    		 105,000              -10,000 13,000 64,000 -7,000 -2,000 16,000          
      treasury stock retired
    		                              
      other non-cash activities
    		      -199,000    145,000 120,000 100,000                  
      (gain) loss on extinguishment of convertible notes, capped call modification and change in fair value
    		                              
      payment for acquisition of business, net of acquired cash
    		      -1,202,000 0 -47,000                      
      net decrease in cash, cash equivalents and restricted cash
    		                      -26,305,000        
      (gain) loss on extinguishment of debt, capped call modification and change in fair value
    		                              
      purchase of intangibles
    		                              
      deferred consideration in connection with acquisition
    		                              
      loss on disposal of assets
    		                     0 28,000 0 84,000 0    0 
      loss on extinguishment of convertible notes, capped call modification and change in fair value
    		                              
      payment of contingent consideration
    		                      0        
      stock award shares withheld to settle employee tax withholding liability
    		      -1,913,000 -1,724,000 -571,000                      
      common stock issued in connection with acquisition
    		                 -40,000             
      contingent consideration in connection with acquisition
    		                              
      stock-based compensation capitalized for software development costs
    		      810,000 635,000 230,000  191,000 130,000 85,000                  
      loss on extinguishment of convertible notes and capped call modification
    		          0 37,000 2,888,000                  
      debt issuance costs included in accrued expenses
    		           -828,000 1,078,000                  
      (gain) loss on extinguishment of debt and capped call modification
    		                              
      purchase of short-term investments
    		                 0 0 0 -1,975,000 -29,495,000 -26,777,000 0 -30,932,000 -30,809,000 -17,528,000    
      maturities of short-term investments
    		                 0 3,500,000 19,515,000 24,750,000 11,000,000 3,424,000 45,145,000 25,500,000 12,060,000     
      proceeds from public offering, net of costs
    		                 0 0 -5,000 139,115,000          
      shares withheld to settle employee tax withholding liability
    		                              
      restricted stock units withheld to settle employee tax withholding liability
    		          -3,556,000 -1,233,000 -1,610,000 -2,095,000 -3,342,000   -71,000 -4,082,000 -116,000 -333,000 -4,000 -4,149,000 -2,750,000 -1,022,000      
      accretion of interest on debt
    		           9,508,000 6,313,000                  
      common stock issued in connection with contingent consideration
    		                              
      loss on extinguishment of convertible notes
    		                              
      acquisition-related deferred consideration
    		                              
      acquisition-related deferred common stock consideration
    		                              
      benefit from doubtful accounts and sales return reserve
    		                              
      proceeds from sale leaseback transaction
    		                         0 399,000    
      debt issuance costs included in accounts payable and other assets
    		                              
      deferred offering costs in accounts payable and accrued expenses
    		                           -322,000 465,000 -587,000 
      note payable issued for asset acquisition
    		                     0         
      note payable issued for business acquisition
    		                              
      benefit from doubtful accounts and sales reserve
    		                  253,000 241,000 148,000  134,000 216,000 -192,000  219,000 289,000 80,000  
      additions to intangibles
    		                      -16,000 -32,000 -136,000      
      non-cash investment income
    		                   -56,000 -189,000 -190,000 -80,000 -69,000 -159,000 -130,000 -66,000    
      change in fair value of contingent consideration
    		                      0        
      payment on note payable
    		                              
      payments on finance lease obligation
    		                              
      purchase of cost investment
    		                        -308,000      
      payments on note payable
    		                    -52,000          
      payments on finance lease obligations
    		                    -121,000          
      amortization of deferred commissions
    		                              
      non-cash interest expense on line of credit and term loan
    		                             0 
      increase in operating assets and liabilities:
    		                              
      proceeds from line of credit
    		                             0 
      payments on line of credit
    		                             0 
      payments of issuance costs relating to line of credit and term loan
    		                             0 
      principal payments on capital leases
    		                     -38,000        0 
      proceeds from public offering, net of underwriters discounts and commissions
    		                              
      payments of public offering costs
    		                         0 -143,000 -431,000 -298,000  
      payments on notes payable
    		                             0 
      (payments) proceeds from term loan
    		                             0 
      purchase of convertible note capped call hedge
    		                              
      proceeds from warrant exercises
    		                             0 
      repurchase of common stock
    		                              
      effect of exchange rates on cash and cash equivalents
    		                     -218,000 -81,000 -626,000 -39,000 229,000 -165,000 21,000 -168,000 74,000 
      net increase in cash and cash equivalents
    		                         79,126,000    -1,531,000 
      taxes, net of
    		                              
      debt issuance costs included in accounts payable and accrued expenses
    		                         -16,000     
      proceeds from sale leaseback
    		                              
      proceeds from follow on offering
    		                              
      change in restricted cash
    		                         0 0    
      cash and cash equivalents—beginning of year
    		                            60,765,000  
      cash and cash equivalents—end of year
    		                            39,679,000  
      payment on term loan
    		                              
      payments of issuance costs relating to the line of credit and term loan
    		                              
      proceeds from public offering, net of underwriters discount and commissions
    		                              
      proceeds from exercise of warrants
    		                              
      cash and cash equivalents—beginning of period
    		                          0    
      cash and cash equivalents—end of period
    		                          -9,205,000    
      proceeds from follow-on offering, net of underwriters discount and commissions
    		                              
      net decrease in cash and cash equivalents
    		                           -6,846,000 -21,086,000  
      accretion of interest on notes payable
    		                              
      benefit from doubtful accounts
    		                             292,000 
      proceeds from initial public offering, net of underwriters discounts and commissions
    		                             0 
      payments of initial public offering costs
    		                             -588,000 
      issuance of common stock in connection with acquisition
    		                              
      issuance of notes payable in connection with acquisition
    		                              
      cash—beginning of year
    		                              
      cash—end of year
    		                              
      taxes
    		                              
    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.