7Baggers

Expensify, Inc.
(NASDAQ:EXFY) 

EXFY stock logo

Expensify, Inc. provides a cloud-based expense management software platform to individuals, small businesses, and corporations in the United States and internationally. The company's platform enables users to manage corporate cards, pay bills, generate invoices, collect payments, and book travel. It...

Founded: 2008
IPO Price: $27 (Nov 10, 2021)
Full Time Employees: 130
CEO / Founder: David Barrett 
Sector: Technology
Industry: Software—Application
Technology
Share this website to your friends
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2026-03-31 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 
                       
      revenue
    		33,969,000 35,198,000 35,065,000 35,764,000 36,074,000 37,004,000 35,409,000 33,288,000 33,535,000 35,208,000 36,494,000 38,884,000 40,101,000 43,469,000 42,493,000 43,162,000 40,370,000 40,364,000 37,447,000 
      yoy
    		-5.84% -4.88% -0.97% 7.44% 7.57% 5.10% -2.97% -14.39% -16.37% -19.00% -14.12% -9.91% -0.67% 7.69% 13.48%     
      qoq
    		-3.49% 0.38% -1.95% -0.86% -2.51% 4.50% 6.37% -0.74% -4.75% -3.52% -6.15% -3.03% -7.75% 2.30% -1.55% 6.92% 0.01% 7.79%  
      cost of revenue
    		17,798,000 17,888,000 17,667,000 17,187,000 17,832,000 18,148,000 17,145,000 14,363,000 14,584,000 16,508,000 17,680,000 16,925,000 15,775,000 16,105,000 16,554,000 15,876,000 14,133,000 19,925,000 18,197,000 
      gross margin
    		16,171,000 17,310,000 17,398,000 18,577,000 18,242,000 18,856,000 18,264,000 18,925,000 18,951,000 18,700,000 18,814,000 21,959,000 24,326,000 27,364,000 25,939,000 27,286,000 26,237,000 20,439,000 19,250,000 
      yoy
    		-11.35% -8.20% -4.74% -1.84% -3.74% 0.83% -2.92% -13.82% -22.10% -31.66% -27.47% -19.52% -7.28% 33.88% 34.75%     
      qoq
    		-6.58% -0.51% -6.35% 1.84% -3.26% 3.24% -3.49% -0.14% 1.34% -0.61% -14.32% -9.73% -11.10% 5.49% -4.94% 4.00% 28.37% 6.18%  
      gross margin %
    		47.61% 49.18% 49.62% 51.94% 50.57% 50.96% 51.58% 56.85% 56.51% 53.11% 51.55% 56.47% 60.66% 62.95% 61.04% 63.22% 64.99% 50.64% 51.41% 
      operating expenses:
    		                   
      research and development
    		5,265,000 5,262,000 4,905,000 5,158,000 5,358,000 6,702,000 5,618,000 6,389,000 5,929,000 6,249,000 6,607,000 5,094,000 5,418,000 2,991,000 3,416,000 3,584,000 3,701,000 2,850,000 2,167,000 
      general and administrative
    		9,118,000 12,067,000 9,814,000 9,411,000 10,829,000 8,622,000 9,084,000 9,245,000 11,431,000 10,842,000 14,245,000 11,712,000 12,429,000 13,155,000 15,898,000 15,432,000 14,006,000 24,915,000 18,333,000 
      sales and marketing
    		3,760,000 3,918,000 4,936,000 14,346,000 3,542,000 3,067,000 3,274,000 3,072,000 3,384,000 7,595,000 12,860,000 14,714,000 9,183,000 11,918,000 12,342,000 12,244,000 13,372,000 13,109,000 7,608,000 
      total operating expenses
    		18,143,000 21,247,000 19,655,000 28,915,000 19,729,000 18,391,000 17,976,000 18,706,000 20,744,000 24,686,000 33,712,000 31,520,000 27,030,000 28,064,000 31,656,000 31,260,000 31,079,000 40,874,000 28,108,000 
      income from operations
    		-1,972,000 -3,937,000 -2,257,000 -10,338,000 -1,487,000 465,000 288,000 219,000 -1,793,000 -5,986,000 -14,898,000 -9,561,000 -2,704,000 -700,000 -5,717,000 -3,974,000 -4,842,000 -20,435,000 -8,858,000 
      yoy
    		32.62% -946.67% -883.68% -4820.55% -17.07% -107.77% -101.93% -102.29% -33.69% 755.14% 160.59% 140.59% -44.16% -96.57% -35.46%     
      qoq
    		-49.91% 74.44% -78.17% 595.23% -419.78% 61.46% 31.51% -112.21% -70.05% -59.82% 55.82% 253.59% 286.29% -87.76% 43.86% -17.93% -76.31% 130.70%  
      operating margin %
    		-5.81% -11.19% -6.44% -28.91% -4.12% 1.26% 0.81% 0.66% -5.35% -17.00% -40.82% -24.59% -6.74% -1.61% -13.45% -9.21% -11.99% -50.63% -23.65% 
      other income
    		171,000                   
      income before income taxes
    		-1,801,000 -3,520,000 -2,161,000 -9,449,000 -1,163,000 -74,000 469,000 -41,000 -2,747,000 -6,155,000 -17,273,000 -10,928,000 -4,120,000 -885,000 -8,086,000 -5,929,000 -5,744,000 -21,355,000 -9,912,000 
      provision for income taxes
    		-536,000 -3,597,000 -154,000  -2,006,000   -2,723,000 -1,034,000   -376,000 -1,825,000   -2,065,000 -1,632,000   
      net income
    		-2,337,000 -7,117,000 -2,315,000 -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 -5,903,000 -8,242,000 -7,994,000 -7,376,000 -21,887,000 -6,345,000 
      yoy
    		-26.25% 442.45% 5.32% 217.95% -16.19% -81.79% -87.07% -75.55% -36.40% 22.04% 106.30% 41.41% -19.40% -73.03% 29.90%     
      qoq
    		-67.16% 207.43% -73.66% 177.31% 141.54% -40.31% -20.48% -26.90% -47.52% -57.63% 50.42% 90.14% 0.71% -28.38% 3.10% 8.38% -66.30% 244.95%  
      net income margin %
    		-6.88% -20.22% -6.60% -24.57% -8.78% -3.55% -6.21% -8.30% -11.27% -20.46% -46.59% -29.07% -14.83% -13.58% -19.40% -18.52% -18.27% -54.22% -16.94% 
      net income per share
    		                   
      basic and diluted
    		-0.02 -0.08 -0.03 -0.1 -0.03 -0.02 -0.02 -0.03 -0.04 -0.08 -0.21 -0.14 -0.07       
      weighted-average shares of common stock used to compute net loss per share:
    		                   
      basic and diluted
    		93,719,202 92,283,974 92,559,381 92,271,924 91,501,083 87,380,708 88,177,739 86,593,955 85,141,411 82,493,226 82,469,190 82,011,477 81,768,429     38,039,222  
      other income (expenses)
    		 327,250 96,000 889,000 324,000 -258,250 181,000             
      benefit from income taxes
    		   661,000  -1,606,250 -2,667,000   -1,049,000 270,000         
      interest and other expenses
    		       -260,000 -954,000 -169,000 -2,375,000 -1,367,000 -1,416,000 -185,000 -2,369,000 -1,955,000 -902,000 -920,000 -1,054,000 
      benefit for income taxes
    		             -963,500 -156,000   -532,000 3,567,000 
      less: income allocated to participating securities
    		                 -1,406,250  
      net income attributable to class a, lt10 and lt50 common stockholders
    		             -5,903,000 -8,242,000 -7,994,000 -7,376,000   
      net income per share
    		                   
      basic
    		             -0.04 -0.1 -0.1 -0.09 0.023 -0.18 
      diluted
    		             -0.04 -0.1 -0.1 -0.09 0.018 -0.18 
      weighted-average shares of common stock used to compute net income per share attributable to class a, lt10 and lt50 common stockholders:
    		                   
      basic
    		             80,786,725 80,941,664 80,473,097 80,147,208  34,490,860 
      diluted
    		             80,786,725 80,941,664 80,473,097 80,147,208  34,490,860 
      net income attributable to common stockholders
    		                 676,000 -6,345,000 
      weighted-average shares of common stock used to compute net income per share attributable to common stockholders:
    		                   
      basic
    		             80,786,725 80,941,664 80,473,097 80,147,208  34,490,860 
      diluted
    		             80,786,725 80,941,664 80,473,097 80,147,208  34,490,860 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 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 
                         
        assets
      		                   
        cash and cash equivalents
      		66,528,000 63,080,000 61,453,000 60,519,000 59,627,000 48,772,000 39,172,000 53,234,000 49,340,000 47,510,000 89,118,000 97,795,000 111,232,000 103,787,000 106,212,000 105,537,000 101,101,000 98,398,000 68,058,000 
        accounts receivable
      		12,115,000 12,617,000 12,312,000 12,247,000 12,555,000 12,701,000 12,650,000 13,420,000 13,557,000 13,834,000 14,508,000 14,922,000 15,705,000 16,448,000 16,274,000 16,270,000 16,022,000 15,713,000 13,608,000 
        settlement assets
      		53,581,000 45,378,000 53,283,000 52,715,000 50,038,000 42,406,000 53,391,000 48,301,000 48,513,000 39,261,000 42,930,000 39,276,000 38,490,000 35,838,000 39,359,000 43,780,000 34,313,000 21,880,000 25,107,000 
        prepaid expenses
      		4,792,000 5,588,000 4,174,000 2,524,000 11,499,000 12,089,000 9,002,000 8,768,000 4,379,000 5,649,000 5,153,000 5,050,000 7,411,000 8,825,000 5,698,000 5,430,000 7,060,000 7,436,000 3,813,000 
        other current assets
      		21,205,000 26,344,000 21,376,000 24,277,000 19,992,000 20,908,000 24,321,000 32,044,000 27,399,000 30,978,000 27,934,000 24,606,000 21,282,000 22,217,000 21,247,000 20,434,000 15,746,000 14,201,000 11,817,000 
        total current assets
      		158,221,000 153,007,000 152,598,000 152,282,000 153,711,000 136,876,000 138,536,000 155,767,000 143,188,000 137,232,000 179,643,000 181,649,000 194,120,000 187,115,000 188,790,000 191,451,000 174,242,000 157,642,000 123,227,000 
        capitalized software
      		13,269,000 13,596,000 14,622,000 14,866,000 15,232,000 16,232,000 16,859,000 16,006,000 15,107,000 12,494,000 10,247,000 8,617,000 7,581,000 6,881,000 6,142,000 6,006,000 6,158,000 6,359,000 6,607,000 
        property and equipment
      		12,861,000 13,016,000 13,201,000 13,363,000 13,482,000 13,621,000 13,763,000 13,905,000 14,138,000 14,372,000 14,598,000 14,545,000 14,021,000 14,492,000 14,872,000 15,174,000 15,584,000 15,930,000 16,335,000 
        lease right-of-use assets
      		4,559,000 4,730,000 4,912,000 5,094,000 5,269,000 5,441,000 5,611,000 5,783,000 5,954,000 6,435,000 6,607,000 6,417,000 512,000 745,000 1,109,000 1,472,000 1,832,000 2,202,000 2,588,000 
        deferred tax assets
      		486,000 494,000 497,000 503,000 505,000 499,000 489,000 487,000 466,000 457,000 430,000 409,000 374,000 344,000 200,000 689,000 370,000 370,000 418,000 
        other assets
      		1,201,000 1,146,000 1,005,000 1,030,000 1,037,000 1,011,000 988,000 924,000 5,918,000 5,794,000 789,000 749,000 658,000 664,000 580,000 580,000 628,000 710,000 712,000 
        total assets
      		190,597,000 185,989,000 186,835,000 187,138,000 189,236,000 173,680,000 176,246,000 192,872,000 184,771,000 176,784,000 212,314,000 212,386,000 217,266,000 210,241,000 211,693,000 215,372,000 198,814,000 183,213,000 149,887,000 
        liabilities and stockholders' equity
      		                   
        accounts payable
      		938,000 289,000 710,000 1,557,000 526,000 196,000 1,035,000 1,022,000 1,373,000 1,425,000 1,292,000 1,691,000 2,003,000 1,059,000 2,177,000 2,169,000 1,437,000 3,752,000 1,998,000 
        accrued expenses and other liabilities
      		7,668,000 17,893,000 7,726,000 9,035,000 9,732,000 8,240,000 7,294,000 7,853,000 10,326,000 9,390,000 12,654,000 11,650,000 10,770,000 9,070,000 7,862,000 8,967,000 8,411,000 11,046,000 23,200,000 
        lease liabilities, current
      		648,000 678,000 720,000 740,000 738,000 729,000 631,000 461,000 436,000 432,000 387,000 278,000 443,000 800,000 1,190,000 1,508,000 1,559,000 1,549,000 1,540,000 
        settlement liabilities
      		36,083,000 27,545,000 35,238,000 37,093,000 36,265,000 28,845,000 39,379,000 38,877,000 35,560,000 33,990,000 36,333,000 32,500,000 33,144,000 33,882,000 36,383,000 41,590,000 34,113,000 21,680,000 25,007,000 
        total current liabilities
      		45,337,000 46,405,000 44,394,000 48,425,000 47,261,000 38,010,000 48,339,000 70,805,000 70,319,000 67,892,000 73,765,000 61,676,000 61,910,000 60,362,000 63,161,000 69,782,000 61,067,000 53,576,000 67,292,000 
        lease liabilities, non-current
      		4,910,000 5,061,000 5,208,000 5,378,000 5,558,000 5,738,000 5,928,000 6,118,000 6,155,000 6,467,000 6,506,000 6,226,000 95,000   68,000 405,000 802,000 1,192,000 
        other liabilities
      		1,822,000 1,778,000 1,573,000 1,520,000 1,766,000 1,689,000 2,045,000 1,949,000 1,787,000 1,681,000 1,408,000 1,441,000 1,268,000 1,204,000 1,145,000 1,121,000 1,028,000 153,000 405,000 
        total liabilities
      		52,069,000 53,244,000 51,175,000 55,323,000 54,585,000 45,437,000 56,312,000 78,872,000 78,261,000 76,040,000 117,258,000 112,523,000 114,570,000 113,000,000 115,878,000 122,681,000 114,347,000 106,598,000 121,898,000 
        commitments and contingencies
      		                   
        stockholders' equity:
      		                   
        preferred stock, par value 0.0001...
      		                   
        common stock, par value 0.0001...
      		10,000 9,000 9,000 9,000 9,000 9,000 9,000 9,000 9,000 8,000 7,000 7,000 7,000 7,000 7,000 6,000 6,000 6,000  
        additional paid-in capital
      		313,072,000 304,953,000 300,751,000 294,591,000 288,639,000 279,062,000 269,441,000 261,309,000 251,055,000 241,509,000 228,618,000 216,422,000 206,207,000 194,807,000 185,326,000 173,961,000 157,743,000 142,515,000 27,416,000 
        accumulated deficit
      		-174,554,000 -172,217,000 -165,100,000 -162,785,000 -153,997,000 -150,828,000 -149,516,000 -147,318,000 -144,554,000 -140,773,000 -133,569,000 -116,566,000 -103,518,000 -97,573,000 -89,518,000 -81,276,000 -73,282,000 -65,906,000 -44,019,000 
        total stockholders' equity
      		138,528,000 132,745,000 135,660,000 131,815,000 134,651,000 128,243,000 119,934,000 114,000,000 106,510,000 100,744,000 95,056,000 99,863,000 102,696,000 97,241,000 95,815,000 92,691,000 84,467,000 76,615,000  
        total liabilities and stockholders' equity
      		190,597,000 185,989,000 186,835,000 187,138,000 189,236,000 173,680,000 176,246,000 192,872,000 184,771,000 176,784,000 212,314,000 212,386,000 217,266,000 210,241,000 211,693,000 215,372,000 198,814,000   
        borrowings under line of credit
      		       15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 
        current portion of long-term debt, net of original issue discount and debt issuance costs
      		       7,592,000 7,624,000 7,655,000 8,099,000 557,000 550,000 551,000      
        long-term debt
      		          35,579,000 43,180,000 51,297,000 51,434,000 51,572,000 51,710,000 51,847,000 52,067,000 52,093,000 
        related party loan receivable
      		                   
        current portion of long-term debt, net of original issuance discount and debt issuance costs
      		              549,000 548,000    
        related party loan receivable, current
      		                 14,000 824,000 
        current portion of long-term debt, net of issuance costs
      		                547,000 549,000 547,000 
        liabilities, convertible preferred stock and stockholders' equity
      		                   
        deferred tax liabilities
      		                  916,000 
        convertible preferred stock, par value 0.0001...
      		                  45,105,000 
        stockholders' equity
      		                   
        total liabilities, convertible preferred stock and stockholders' equity
      		                 183,213,000  
        liabilities, convertible preferred stock and stockholders' deficit
      		                   
        stockholders' deficit:
      		                   
        subscriptions receivable
      		                  -513,000 
        total stockholders' deficit
      		                  -17,116,000 
        total liabilities, convertible preferred stock and stockholders' deficit
      		                  149,887,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 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 
                          
          cash flows from operating activities:
        		                  
          net loss
        		-2,337,000 -7,117,000 -2,315,000 -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      
          adjustments to reconcile net loss to cash from operating activities:
        		                  
          depreciation and amortization
        		2,256,000 2,281,000 2,138,000 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
        		137,000 148,000 148,000 141,000 138,000 136,000 138,000 137,000 136,000 138,000 142,000 153,000 181,000 135,000 173,000 173,000 185,000 189,000 
          loss on impairment, receivables and sale or disposal of equipment
        		544,000 155,000 114,000 178,000 156,000 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
        		5,977,000             10,539,000 13,365,000 13,761,000 14,667,000 12,079,000 
          amortization of debt issuance costs
        		52,000                10,000 9,000 
          deferred tax assets
        		8,000 3,000 6,000 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
        		-28,000 -405,000 -162,000 159,000 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
        		-4,481,000 5,852,000 3,708,000 603,000 -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
        		796,000 -1,414,000 -1,650,000 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
        		6,261,000 -4,288,000 -378,000 -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
        		-55,000 -141,000 25,000 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
        		547,000 -360,000 -885,000 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
        		-10,189,000 10,077,000 -1,312,000 -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 -153,000 -154,000 -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
        		730,000 -7,693,000 -1,855,000 828,000 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
        		44,000 205,000 53,000 -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
        		118,000 2,202,000 4,166,000 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  
          capital expenditures
        		182,000 0 47,000 -143,000 174,000 -141,000 -112,000 67,000  0 -624,000 -451,000 -28,000 0 -200,000 0 -179,000  
          free cash flows
        		300,000 2,202,000 4,213,000 8,773,000 4,979,000 7,261,000 3,575,000 9,384,000  -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:
        		                  
          software development costs
        		-1,412,000 -798,000 -1,085,000 -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
        		-1,412,000 -798,000 -1,085,000 -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:
        		                  
          change in customer funds
        		4,437,000                  
          principal payments of finance leases
        		-37,000 -36,000 -36,000 -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 
          proceeds from common stock purchased under matching plan
        		1,828,000 1,970,000 1,741,000 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 on exercise of stock options
        		39,000    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 
          net cash from financing activities
        		6,267,000 -1,161,000 -1,128,000 -1,663,000 1,208,000 -893,000 -22,996,000 971,000 845,000 -34,946,000 669,000 -11,181,000 141,000    218,000 63,001,000 
          net increase in cash and cash equivalents and restricted cash
        		4,973,000 243,000 1,953,000 6,079,000 5,515,000   8,250,000 1,487,000 -37,950,000 -6,748,000 -13,239,000 6,885,000 -359,000 -4,665,000    
          cash and cash equivalents and restricted cash, beginning of period
        		104,624,000 0 0 0 90,834,000 0 0 0 96,658,000 0 0 0 147,710,000 0 0 0 125,315,000 0 
          cash and cash equivalents and restricted cash, end of period
        		109,597,000 243,000 1,953,000 6,079,000 96,349,000 5,580,000 -21,141,000 8,250,000 98,145,000 -37,950,000 -6,748,000 -13,239,000 154,595,000 -359,000 -4,665,000 16,651,000 136,083,000 33,292,000 
          noncash investing and financing items:
        		                  
          stock-based compensation capitalized as software development costs
        		271,000  584,000 536,000 239,000 373,000 754,000 646,000 915,000 907,000 820,000 742,000 657,000      
          purchases of property and equipment and capitalized software in accounts payable and accrued expenses
        		182,000  47,000 -143,000 174,000 -141,000 -112,000 67,000 223,000          
          fair value of common stock issued to settle liability-classified restricted stock units
        		376,000  449,000                
          purchase of property and equipment
        		                -179,000 -104,000 
          principal payments of outstanding debt
        		     0 -22,596,000 -38,000 -37,000 -36,137,000         
          payments for debt issuance costs
        		 -65,000 0   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  
          payments for employee taxes withheld from stock-based awards
        		         0 -242,000 -858,000 -666,000 -1,164,000     
          repurchase and retirement of common stock
        		 -3,038,000 -3,031,000   0    0 0        
          adjustments to reconcile net loss to net cash from operating activities:
        		                  
          stock-based compensation expense
        		  6,663,000 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
        		  22,000 46,000 11,000 11,000 15,000 17,000 11,000 118,000 90,000 38,000 11,000      
          purchases of property and equipment
        		  0        -624,000 -451,000 -28,000  -200,000    
          proceeds from issuance of common stock upon exercise of stock options
        		  198,000                
          supplemental disclosure of cash flow information:
        		                  
          cash paid for interest
        		     36,000 423,000 449,000 454,000 1,540,000 1,484,000 1,503,000 1,409,000 1,191,000 971,000 1,483,000 267,000 900,000 
          cash paid for income taxes
        		  462,000 3,833,000 585,000 1,337,000 1,296,000 1,275,000 1,164,000 681,000 853,000 1,900,000 351,000 96,000 273,000 322,000 284,000  
          reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets
        		                  
          cash and cash equivalents
        		  934,000 892,000 59,627,000 9,600,000 -14,062,000 3,894,000 49,340,000 -41,608,000 -8,677,000 -13,437,000 111,232,000 -2,425,000 675,000 4,436,000 101,101,000  
          restricted cash included in other current assets
        		  -3,257,000 1,907,000 19,225,000 -3,768,000 -6,843,000 6,324,000 24,267,000 4,344,000 2,412,000 1,973,000 19,013,000 3,287,000 178,000 6,104,000 9,973,000  
          restricted cash included in settlement assets
        		  4,276,000 3,280,000 17,497,000 -252,000 -236,000 -1,968,000 24,538,000 -686,000 -483,000 -1,775,000 24,350,000 -1,221,000 -5,518,000 6,157,000 24,963,000  
          total cash, cash equivalents and restricted cash
        		  1,953,000 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  
          related party loan receivable
        		             0 0    
          proceeds from sale or disposal of property and equipment
        		                  
          repurchases of early exercises of common stock
        		                  
          right-of-use assets acquired through operating leases
        		         0 0 6,257,000 145,000      
          right-of-use assets acquired through finance leases
        		         0         
          cashless exercise of stock options
        		                  
          reconciliation of cash and cash equivalents and restricted cash to the consolidated balance sheets:
        		                  
          total cash and cash equivalents and restricted cash
        		                  
          net decrease in cash and cash equivalents and restricted cash
        		                  
          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
        		                  
          restricted cash included in other assets
        		                46,000  
          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  
          principal payments of line of credit
        		                  
          proceeds from line of credit
        		                  
          right-of-use assets acquired with lease liabilities
        		                  
          net income
        		              -8,242,000 -7,994,000 -7,376,000 -21,887,000 
          adjustments to reconcile net income to net cash from operating activities:
        		                  
          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:
        		                  
          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