7Baggers
Quarterly
Annual
    Unit: USD2025-06-30 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 
      
    		               
      cash flows from operating activities:
    		               
      net income
    		-8,788,000 -3,169,000 -1,312,000 -2,198,000 -2,764,000 -3,781,000 -7,204,000 -17,003,000 -11,304,000 -5,945,000 -3,397,000 -8,242,000 -7,994,000 -7,376,000 -21,887,000 
      adjustments to reconcile net income to net cash from operating activities:
    		               
      depreciation and amortization
    		2,058,000 1,983,000 1,963,000 1,798,000 1,630,000 1,423,000 1,293,000 1,082,000 1,376,000 1,413,000 1,316,000 1,337,000 1,568,000 1,167,000 1,465,000 
      reduction of operating lease right-of-use assets
    		141,000 138,000 136,000 138,000 137,000 136,000 138,000 142,000 153,000 181,000 135,000 173,000 173,000 185,000 189,000 
      loss on impairment, receivables and sale or disposal of equipment
    		178,000 156,000 90,000 100,000 200,000 337,000 338,000 183,000 256,000 146,000 159,000 247,000 244,000 231,000 36,000 
      stock-based compensation expense
    		6,927,000 7,990,000  7,630,000 8,381,000 7,524,000  10,267,000 10,341,000 10,004,000      
      amortization of original issue discount and debt issuance costs
    		46,000 11,000 11,000 15,000 17,000 11,000 118,000 90,000 38,000 11,000      
      deferred tax assets
    		2,000 -6,000 -10,000 -2,000 -21,000 -9,000 -27,000 -21,000 -35,000 -30,000 -144,000 489,000    
      changes in assets and liabilities:
    		               
      accounts receivable
    		159,000 53,000 -141,000 670,000 36,000 139,000 548,000 313,000 651,000 707,000 -325,000 -110,000 -424,000 -482,000 -2,141,000 
      settlement assets
    		603,000 -12,217,000 10,733,000 -5,326,000 -1,756,000 -6,120,000 2,983,000 -4,137,000 -2,561,000 -2,683,000 2,300,000 -1,097,000 -3,310,000 -5,689,000 3,517,000 
      prepaid expenses
    		8,975,000 590,000 -3,087,000 -234,000 561,000 1,270,000 -496,000 -103,000 2,361,000 1,414,000 -3,127,000 -268,000 1,629,000 377,000 -3,623,000 
      other current assets
    		-2,336,000 150,000 -366,000 869,000 1,667,000 171,000 1,300,000 -909,000 -1,358,000 406,000 2,317,000 -635,000 1,417,000 -224,000 -5,312,000 
      other assets
    		7,000 -26,000 -23,000 -64,000 44,000 -124,000 -5,005,000 -37,000 -96,000 8,000 -92,000 9,000 -78,000 80,000 4,000 
      accounts payable
    		1,006,000 330,000 -742,000 76,000 -165,000 -260,000 -1,000 -403,000 -312,000 944,000 -1,118,000 8,000 733,000 -2,316,000 1,754,000 
      accrued expenses and other liabilities
    		-500,000 1,462,000 1,097,000 -396,000 -2,149,000 1,044,000 -3,353,000 1,589,000 723,000 1,947,000 658,000 -829,000 1,269,000 -2,635,000 -11,359,000 
      operating lease liabilities
    		-144,000 -137,000 -59,000 13,000 20,000 34,000 36,000 58,000 -88,000 -206,000 -157,000 -197,000 -398,000 -6,000 -187,000 
      settlement liabilities
    		828,000 7,420,000 -10,534,000 502,000 3,317,000 1,570,000 -2,343,000 3,833,000 -644,000 -738,000 -2,501,000 -5,207,000 7,477,000 12,433,000 -3,327,000 
      other liabilities
    		-246,000 77,000 -356,000 96,000 162,000 106,000 532,000 -50,000 65,000 63,000 64,000 27,000 176,000 787,000 -253,000 
      net cash from operating activities
    		8,916,000 4,805,000 7,402,000 3,687,000 9,317,000 3,471,000 -543,000 -5,106,000 -434,000 7,642,000 6,647,000 -929,000 15,935,000 11,223,000  
      capex
    		-143,000 174,000 0 -112,000 67,000 223,000 0 -624,000 -451,000 -28,000 0 -200,000 0 -179,000  
      free cash flows
    		8,773,000 4,979,000 7,402,000 3,575,000 9,384,000 3,694,000 -543,000 -5,730,000 -885,000 7,614,000 6,647,000 -1,129,000 15,935,000 11,044,000  
      cash flows from investing activities:
    		               
      purchases of property and equipment
    		       -624,000 -451,000 -28,000  -200,000    
      software development costs
    		-1,157,000 -498,000 -929,000 -1,832,000 -2,038,000 -2,829,000 -2,180,000 -1,687,000 -1,173,000 -870,000 -713,000 -438,000 26,000 -494,000 -511,000 
      net cash from investing activities
    		-1,174,000 -498,000 -929,000 -1,832,000 -2,038,000 -2,829,000 -2,461,000 -2,311,000 -1,624,000 -898,000      
      cash flows from financing activities:
    		               
      principal payments of finance leases
    		-34,000 -34,000 -33,000 -33,000 -32,000 -31,000 -31,000 -78,000 -203,000 -201,000 -200,000 -199,000 -197,000 -197,000 -195,000 
      principal payments of outstanding debt
    		  0 -22,596,000 -38,000 -37,000 -36,137,000         
      payments for debt issuance costs
    		  0 0 -63,000 -8,000          
      repurchases of early exercised stock options
    		   -3,000 0 -32,000  -8,000 -6,000 -7,000  -5,000 -16,000 -4,000  
      proceeds from common stock purchased under matching plan
    		1,459,000 1,151,000 1,191,000 896,000 1,090,000 914,000 1,123,000 1,056,000 977,000 1,099,000 1,239,000 1,245,000    
      proceeds from issuance of common stock upon exercise of stock options
    		               
      repurchase and retirement of common stock
    		  0    0 0        
      net cash from financing activities
    		-1,663,000 1,208,000 -893,000 -22,996,000 971,000 845,000  669,000 -11,181,000 141,000    218,000 63,001,000 
      net increase in cash and cash equivalents and restricted cash
    		6,079,000 5,515,000   8,250,000 1,487,000  -6,748,000 -13,239,000 6,885,000  -4,665,000    
      cash and cash equivalents and restricted cash, beginning of period
    		0 90,834,000  0 0 96,658,000  0 0 147,710,000  0 0 125,315,000 0 
      cash and cash equivalents and restricted cash, end of period
    		6,079,000 96,349,000  -21,141,000 8,250,000 98,145,000  -6,748,000 -13,239,000 154,595,000  -4,665,000 16,651,000 136,083,000 33,292,000 
      supplemental disclosure of cash flow information:
    		               
      cash paid for interest
    		   423,000 449,000 454,000  1,484,000 1,503,000 1,409,000  971,000 1,483,000 267,000 900,000 
      cash paid for income taxes
    		3,833,000 585,000  1,296,000 1,275,000 1,164,000  853,000 1,900,000 351,000  273,000 322,000 284,000  
      noncash investing and financing items:
    		               
      stock-based compensation capitalized as software development costs
    		536,000 239,000  754,000 646,000 915,000  820,000 742,000 657,000      
      purchases of property and equipment and capitalized software in accounts payable and accrued expenses
    		-143,000 174,000  -112,000 67,000 223,000          
      fair value of common stock issued to settle liability-classified restricted stock units
    		               
      reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets
    		               
      cash and cash equivalents
    		892,000 59,627,000  -14,062,000 3,894,000 49,340,000  -8,677,000 -13,437,000 111,232,000  675,000 4,436,000 101,101,000  
      restricted cash included in other current assets
    		1,907,000 19,225,000  -6,843,000 6,324,000 24,267,000  2,412,000 1,973,000 19,013,000  178,000 6,104,000 9,973,000  
      restricted cash included in settlement assets
    		3,280,000 17,497,000  -236,000 -1,968,000 24,538,000  -483,000 -1,775,000 24,350,000  -5,518,000 6,157,000 24,963,000  
      total cash, cash equivalents and restricted cash
    		6,079,000 96,349,000  -21,141,000 8,250,000 98,145,000  -6,748,000 -13,239,000 154,595,000  -4,665,000 16,651,000 136,083,000  
      proceeds from issuance of common stock on exercise of stock options
    		 91,000 128,000 250,000 14,000 39,000 95,000 91,000 59,000 66,000 95,000 181,000 267,000 252,000 643,000 
      adjustments to reconcile net income to cash from operating activities:
    		               
      stock-based compensation
    		          10,539,000 13,365,000 13,761,000 14,667,000 12,079,000 
      related party loan receivable
    		          0 0    
      purchase of property and equipment
    		             -179,000 -104,000 
      proceeds from sale or disposal of property and equipment
    		               
      repurchases of early exercises of common stock
    		               
      payments for employee taxes withheld from stock-based awards
    		      0 -242,000 -858,000 -666,000 -1,164,000     
      the accompanying notes are an integral part of these consolidated financial statements.
    		               
      net decrease in cash and cash equivalents and restricted cash
    		               
      right-of-use assets acquired through operating leases
    		       0 6,257,000 145,000      
      right-of-use assets acquired through finance leases
    		               
      deferred tax liabilities
    		               
      proceeds from term loan
    		              0 
      vesting of restricted common stock
    		              333,000 
      proceeds from initial public offering, net of underwriters' discounts, commissions and offering costs
    		               
      principal payments of term loan
    		        -8,150,000 -150,000 -150,000 -148,000 -151,000 -146,000 -34,000 
      accrued property and equipment
    		               
      vesting of early exercised stock options
    		             295,000  
      issuance of restricted stock units
    		             18,000  
      restricted cash included in other assets
    		             46,000  
      principal payments of line of credit
    		               
      proceeds from line of credit
    		               
      amortization of original issuance discount and debt issuance costs
    		           1,000    
      net cash used by investing activities
    		           -638,000 -62,000 -673,000 -615,000 
      payments of deferred offering costs
    		               
      net cash (used) provided by financing activities
    		               
      accrued deferred offering costs
    		               
      net cash provided (used) by financing activities
    		               
      reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets
    		               
      adjustments to reconcile net income to net cash provided (used) by operating activities:
    		               
      amortization of debt issuance costs
    		             10,000 9,000 
      related party loan receivables
    		             14,000  
      net increase in cash and cash equivalents
    		             10,768,000 33,292,000 
      reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets
    		               
      repurchases of common stock
    		               
      proceeds from initial public offering, net of underwriters' discounts and commissions
    		               
      net cash provided (used) by operating activities
    		               
      right-of-use assets acquired with lease liabilities
    		               
    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.