7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 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 
      
    		                 
      cash flows from operating activities:
    		                 
      net income
    		29,631,000 -12,007,000 -4,160,000 -15,899,000 38,896,000 -13,880,000 -6,217,000 1,287,000 10,643,000 -16,813,000 -3,683,000 -1,129,000 -4,272,000 -23,797,000 -10,149,000 -11,281,000 9,994,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                 
      unrealized gain on foreign exchange rates
    		                 
      depreciation and amortization
    		6,767,000 6,768,000 5,502,000 4,654,000 4,246,000 4,204,000 4,259,000 3,990,000 3,898,000 4,145,000 3,731,000 3,118,000 3,402,000 2,967,000 2,817,000 2,427,000 2,266,000 
      stock-based compensation expense
    		17,733,000 17,522,000 18,218,000 16,537,000 16,493,000 17,061,000 14,842,000 12,427,000 11,320,000 11,376,000 8,603,000 7,798,000 8,529,000 8,437,000 5,495,000 3,390,000 2,778,000 
      amortization of deferred contract costs
    		399,000 392,000 376,000 146,000 309,000 275,000 242,000  139,000 119,000 109,000 1,556,000 82,000 89,000 72,000 66,000 74,000 
      change in fair value of contingent consideration
    		-721,000 -667,000 165,000 10,000 -94,000 -416,000 -478,000 0 -30,000 0 410,000 -3,102,000 1,247,000 -880,000 -70,000 191,000 481,000 
      deferred tax benefit
    		   -2,194,000 -5,555,000 -402,000 -643,000  -312,000 36,000 -620,000       
      change in benefit from uncollectible accounts
    		1,377,000                 
      amortization of debt issuance costs
    		81,000                 
      net accretion of discounts and amortization of premiums on investments
    		-17,000                 
      changes in operating assets and liabilities, net of acquisitions:
    		                 
      accounts receivable
    		-11,754,000 3,661,000 -3,492,000 3,766,000 -7,119,000 -482,000 -1,457,000 2,897,000 1,207,000 -1,862,000 -4,324,000 3,993,000 -607,000 -2,870,000 -839,000 879,000 -1,338,000 
      unbilled receivables
    		4,338,000 -6,301,000 4,068,000 -3,794,000 1,393,000 -5,057,000 2,694,000 -3,883,000 0 -2,758,000 1,247,000 377,000 -1,685,000 -1,749,000 1,129,000 -1,580,000 -754,000 
      funds receivable from payment partners
    		-44,560,000 -23,999,000 25,873,000 40,281,000 -45,417,000 -8,743,000 37,714,000 -33,446,000 -37,178,000 -14,674,000 34,323,000 -28,827,000 -10,194,000 -1,029,000 9,133,000 -6,390,000 -4,871,000 
      prepaid expenses, other current assets and other assets
    		-3,436,000 -8,717,000 -9,151,000 1,862,000 -2,763,000 -6,284,000 1,863,000 257,000 -3,506,000 -202,000 -828,000 -3,644,000 -3,997,000     
      funds payable to clients
    		147,102,000 47,416,000 -111,175,000 -80,451,000 182,048,000 -7,920,000 -86,810,000 78,453,000 50,510,000 17,996,000 -60,343,000 52,730,000 5,190,000 7,386,000 -16,374,000 4,447,000 21,344,000 
      accounts payable, accrued expenses and other current liabilities
    		10,194,000 2,473,000 -5,130,000 -5,143,000 6,638,000 4,296,000 -2,489,000 -4,600,000 9,027,000 -1,659,000 2,780,000 2,402,000 3,026,000 4,948,000 -3,615,000 327,000 7,806,000 
      contingent consideration
    		       0 0 0 -467,000 14,000 0 0 -4,524,000 0 0 
      other liabilities
    		2,934,000 -137,000 -255,000 -526,000 -342,000 -335,000 -340,000 -378,000 -308,000 -161,000 -413,000 -1,426,000 318,000 -379,000 -385,000 538,000 -499,000 
      deferred revenue
    		1,853,000 -2,171,000 -469,000 -318,000 2,473,000 -1,436,000 -1,349,000 497,000 1,095,000 -937,000 -1,526,000 330,000 -873,000 148,000 -5,000 -261,000 538,000 
      net cash from operating activities
    		150,100,000 24,079,000 -78,890,000 -41,459,000 190,341,000 -19,321,000 -38,093,000 59,748,000 46,529,000 -4,806,000 -20,846,000 33,155,000 -137,000 -10,586,000 -17,005,000 -7,674,000 38,358,000 
      capex
    		-2,761,000 -2,569,000 -1,418,000 -837,000 -1,496,000 -2,394,000 -1,503,000 -922,000 -1,608,000 -1,634,000 -1,822,000 -1,882,000 -1,555,000 -2,326,000 -1,259,000 -1,455,000 -1,766,000 
      free cash flows
    		147,339,000 21,510,000 -80,308,000 -42,296,000 188,845,000 -21,715,000 -39,596,000 58,826,000 44,921,000 -6,440,000 -22,668,000 31,273,000 -1,692,000 -12,912,000 -18,264,000 -9,129,000 36,592,000 
      cash flows from investing activities:
    		                 
      acquisitions of businesses, net of cash acquired
    		-5,086,000 0 -319,835,000 208,000              
      purchase of short-term and long-term investments
    		603,000 450,000 -15,252,000 -33,298,000 -102,138,000             
      proceeds from the maturity and sale of short-term and long-term investments
    		12,391,000 43,622,000 98,712,000 23,719,000              
      capitalization of internally developed software
    		-2,421,000 -2,082,000 -1,310,000 -736,000 -1,277,000 -2,045,000 -1,259,000 -856,000 -1,336,000 -1,444,000 -1,368,000       
      purchases of property and equipment
    		-226,000 -547,000 -187,000 -101,000 -219,000 -349,000 -255,000 -66,000 -272,000 -190,000 -481,000 -1,882,000 -1,555,000 -2,326,000 -1,307,000 -1,455,000 -1,766,000 
      net cash from investing activities
    		5,261,000 41,443,000 -237,872,000 -10,208,000 -143,358,000 -60,720,000 -1,514,000 -33,686,000 -1,608,000 -1,634,000 -1,849,000 -2,099,000 -18,931,000 -2,326,000 -1,307,000 -57,566,000 -1,766,000 
      cash flows from financing activities:
    		                 
      proceeds from issuance of revolving credit facility
    		0 0 125,000,000               
      payment of revolving credit facility
    		-45,000,000 0 -65,000,000               
      payment of debt issuance costs
    		                 
      contingent consideration paid for acquisitions
    		-1,429,000         0 -1,207,000 0 2,867,000 0 -3,320,000 0 0 
      payments of tax withholdings for net settled equity awards
    		-893,000                 
      common stock repurchased
    		-10,015,000 -5,000,000 -49,304,000 -20,857,000              
      proceeds from the issuance of stock under employee stock purchase plan
    		1,285,000 0 1,242,000 0 1,693,000 0 1,415,000 0 1,827,000 0 864,000 0      
      proceeds from exercise of stock options
    		311,000 376,000 1,377,000 1,657,000 729,000 1,610,000 1,617,000 1,841,000 2,475,000 3,900,000 2,144,000 1,741,000 2,929,000 1,222,000 1,071,000 2,830,000 306,000 
      deferred acquisition payment
    		                 
      net cash from financing activities
    		-57,499,000 -8,022,000 11,639,000 -21,029,000 -20,461,000 1,610,000 2,249,000 -7,257,000 264,974,000 3,900,000 1,801,000 -24,579,000 2,392,000 1,222,000 -3,005,000 2,836,000 -194,000 
      effect of exchange rates changes on cash and cash equivalents
    		7,366,000 1,679,000 388,000 2,903,000 -787,000 -1,283,000 1,764,000 -2,402,000 247,000 1,522,000 -1,202,000   4,529,000 1,702,000 -1,366,000 -294,000 
      net decrease in cash and cash equivalents
    		105,228,000 59,179,000 -304,735,000               
      cash and cash equivalents, beginning of period
    		0 0 495,242,000  0             
      cash and cash equivalents, end of period
    		105,228,000 59,179,000 190,507,000  25,735,000             
      supplemental disclosures of cash flow and noncash information
    		                 
      purchase of property and equipment in accounts payable
    		-114,000 60,000 79,000    11,000    27,000    48,000   
      issuance of common stock upon settlement of restricted stock units
    		      19,883,000    15,072,000       
      issuance of common stock for retention bonus
    		      324,000    700,000       
      accrued excise tax related to common stock repurchased
    		31,000 -191,000 479,000               
      deferred tax provision
    		 -171,000 1,174,000         -1,181,000 -426,000 -48,000 -53,000 19,000 -10,000 
      other
    		                61,000 
      benefit from uncollectible accounts
    		  28,000 41,000 -3,000 -105,000 -16,000 -199,000 -74,000 516,000 83,000       
      non-cash interest expense
    		  46,000 46,000 46,000 46,000 92,000 56,000 98,000 72,000 72,000 80,000 110,000 77,000 81,000 81,000 71,000 
      non-cash interest income
    		  -508,000               
      payment of long-term debt issuance costs
    		   0 0 0 -783,000         0  
      payments of tax withholdings for net settled option exercises
    		  -1,676,000         0 -1,808,000 0 -756,000   
      proceeds from issuance of common stock under public offering, net of underwriting discount and commissions
    		                 
      payments of costs related to public offering
    		       -615,000          
      repayment of long-term debt
    		               0  
      net increase in cash, cash equivalents and restricted cash
    		       16,403,000    -53,000 -11,354,000 -7,161,000 -19,615,000 -63,770,000 36,104,000 
      cash, cash equivalents and restricted cash, beginning of year
    		                 
      cash, cash equivalents and restricted cash, end of year
    		                 
      accretion of discounts on investments, net of amortization of premiums
    		    -908,000             
      proceeds from issuance of common stock under public offering, net of underwriter discounts and commissions
    		                 
      net increase in cash and cash equivalents
    		                 
      proceeds from sale of long-term investments
    		                 
      net decrease in cash, cash equivalents and restricted cash
    		      -35,594,000   -1,018,000 -22,096,000       
      cash, cash equivalents and restricted cash, beginning of period
    		      654,608,000  0 0 351,177,000  0 0 389,360,000  0 
      cash, cash equivalents and restricted cash, end of period
    		      619,014,000  310,142,000 -1,018,000 329,081,000  -11,354,000 -7,161,000 369,745,000  36,104,000 
      reconciliation of cash, cash equivalents and restricted cash
    		                 
      cash and cash equivalents
    		      619,014,000    327,081,000    365,745,000   
      restricted cash
    		          2,000,000    4,000,000   
      cash, cash equivalents and restricted cash
    		      619,014,000    329,081,000    369,745,000   
      amortization of contract costs
    		                 
      change in fair value of preferred stock warrant liability
    		               0 0 
      asset acquisition, net of cash acquired
    		               0 0 
      proceeds from initial public offering, net of underwriting discount and commissions
    		                 
      payment of costs related to initial public offering
    		               0 -1,015,000 
      proceeds from issuance of long-term debt
    		               6,000  
      proceeds from issuance of redeemable convertible preferred stock, net of issuance costs
    		               0 0 
      proceeds from exercise of warrants
    		               0 0 
      business acquisition, net of cash acquired
    		                 
      payments of tax withholdings for net settled stock option exercises
    		                 
      cash paid during the period for interest
    		              95,000   
      payment of deferred offering costs related to initial public offering
    		                 
      bad debt expense
    		            13,000 53,000 20,000 75,000 10,000 
      acquisition of businesses, net of cash acquired
    		                 
      proceeds from initial public offering, net of underwriting discounts and commissions
    		                0 
      effect of exchange rate changes on cash and cash equivalents
    		                 
      changes in operating assets and liabilities, net of acquisition:
    		                 
      prepaid expenses and other current assets
    		              262,000   
      accretion of redeemable convertible preferred stock
    		                 
      deferred offering costs related to initial public offering included in accounts payable, accrued expenses and other current liabilities
    		                 
      repurchase of common stock
    		                 
      deferred consideration paid for acquisitions
    		                 
      prepaid expenses and other assets
    		                407,000 
      payment of long-term debt
    		                 
    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.