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 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 
      
    		                               
      cash flows from operating activities:
    		                               
      net income
    		12,690,000 8,283,000 2,646,000 23,822,000 12,607,000 10,875,000 1,809,000 5,424,000 11,273,000 7,180,000 -181,000 2,584,000 3,040,000 2,389,000 -5,383,000 881,000 5,368,000 3,136,000 -1,089,000 4,940,000 6,725,000 7,386,000 -296,000 -2,516,000 2,763,000 2,817,000 7,318,000 602,000 838,558 -23,875,368 3,767,810 
      adjustments to reconcile net income to net cash from operating activities:
    		                               
      depreciation and amortization
    		3,196,000 3,166,000 2,967,000 2,806,000 2,762,000 2,755,000 2,632,000 2,483,000 2,408,000 2,428,000 2,150,000 1,897,000 1,865,000 1,715,000 1,632,000 1,609,000 1,244,000 1,198,000 1,066,000 1,071,000 959,000 793,000 747,000 594,000 569,000 506,000 476,000 1,483,000 351,517 350,548 336,935 
      loss on disposal of fixed assets
    		0                           0    
      loss on debt extinguishment
    		33,000 0 771,000                             
      impairment expense
    		0   0 0 0 347,000 0 0                       
      bad debt expense
    		500,000 551,000 406,000 556,000 565,000 653,000 1,127,000 1,009,000 797,000 900,000 1,655,000 1,436,000 2,306,000 1,660,000 796,000 1,174,000 732,000 646,000 447,000 572,000 376,000 319,000 309,000 -557,000 399,000 482,000 401,000 314,000 398,346 305,966 279,688 
      equity-based compensation
    		5,587,000 6,017,000 6,236,000 6,889,000 7,093,000 6,632,000 7,357,000 5,038,000 6,459,000 5,872,000 6,620,000  5,395,000 5,173,000 5,788,000  1,851,000 1,852,000 1,941,000  1,416,000 1,416,000 498,000  396,000 368,000 368,000  343,752   
      impacts of tax receivable agreement
    		    536,000 147,000 10,711,000  6,168,000 4,923,000 3,574,000  7,441,000 2,118,000 2,235,000  11,256,000 17,208,000 3,420,000  6,343,000 12,813,000 9,659,000         
      deferred income taxes
    		2,130,000 1,738,000 -1,766,000 4,831,000 1,042,000 2,369,000 -11,987,000 -9,787,000 -4,960,000 -4,054,000 -3,322,000 -10,204,000 -7,604,000 -1,785,000 -2,885,000 -8,335,000 -14,170,000 -17,198,000 -3,574,000 -20,989,000 -6,208,000 -12,210,000 -9,659,000 -757,000 -1,680,000 -3,864,000 -5,081,000 -1,679,000 -54,667   
      noncash lease activity
    		-887,000 -710,000 -745,000  -901,000 -993,000 -821,000  -363,000 87,000 245,000  6,652,000 1,201,000 1,004,000  -2,486,000               
      cloud computing arrangement implementation costs
    		-38,000 -15,000 -460,000 -496,000 -389,000 -104,000 -191,000                         
      changes in operating assets and liabilities:
    		                               
      receivable from franchisees
    		-716,000 1,164,000 -1,283,000 300,000 2,179,000 -540,000 1,919,000 2,196,000 2,976,000 1,162,000 1,332,000 1,299,000 1,563,000 -1,187,000 -2,397,000 -3,738,000 -749,000 -2,418,000 -3,694,000 -3,056,000 -347,000 -2,873,000 -809,000 -3,463,000 -260,000 -873,000 -565,000 -324,000 -446,656 -73,511 -413,833 
      commissions and agency fees receivable
    		-2,096,000 -2,764,000 22,945,000 -22,089,000 -1,128,000 -1,715,000 4,982,000 -882,000 -2,168,000 -3,908,000 6,930,000 -3,626,000 -2,658,000 -947,000 2,727,000 -4,225,000 -2,798,000 -1,679,000 13,424,000 -7,178,000 -4,496,000 -3,236,000 2,001,000 3,435,000 -69,000 -339,000 -553,000 -437,000 -86,478 -408,261 -705,261 
      prepaid expenses
    		3,351,000 4,872,000 -14,359,000 -2,438,000 845,000 -250,000 1,593,000 1,556,000 2,601,000 1,233,000 -8,945,000 1,239,000 1,622,000 3,263,000 -5,673,000 1,702,000 907,000 181,000 -3,870,000 198,000 1,078,000 774,000 -3,768,000 -157,000 -609,000 56,000 -167,000 -162,000 -9,536 -197,776 -218,688 
      other assets
    		104,000 -107,000 1,008,000 510,000 467,000 456,000 -606,000 260,000 -435,000 1,085,000 -424,000 1,194,000 193,000 904,000 -1,743,000 452,000 46,000 34,000 -1,337,000 -149,000 -1,022,000 -949,000 -461,000 -249,000 -28,000   0 19,615 3,242,617 -2,827,232 
      accounts payable and accrued expenses
    		626,000 2,525,000 -2,836,000 2,800,000 3,495,000 202,000 -1,437,000 2,855,000 631,000 -118,000 -3,477,000 2,377,000 4,887,000 -989,000 -3,762,000 1,843,000 2,762,000 1,147,000 -2,796,000 3,036,000 1,051,000 -302,000 -1,244,000 669,000 1,179,000 -579,000 -356,000 951,000 -1,287,144 -620,558 2,166,702 
      contract liabilities
    		-429,000 -506,000 -46,000 -581,000 -1,072,000 -1,613,000 -5,367,000 -4,860,000 -4,240,000 -3,910,000 -6,444,000 -4,206,000 -1,613,000 796,000 2,968,000 3,999,000 3,220,000 3,635,000 3,553,000 4,617,000 2,824,000 2,675,000 1,290,000         
      net cash from operating activities
    		24,208,000 28,913,000 15,484,000 12,501,000 28,101,000 19,082,000 11,860,000 13,531,000 21,113,000 16,753,000 -639,000 2,707,000 22,925,000 15,246,000 -5,154,000 8,641,000 6,811,000 12,104,000 7,888,000 9,602,000 8,525,000 7,991,000 -1,475,000 4,748,000 5,811,000 8,880,000 1,802,000 2,901,000 65,059 4,733,951 2,574,990 
      capex
    		-4,185,000 -4,664,000 -3,350,000 -422,000 -3,363,000 -2,877,000 -2,782,000 -497,000 -423,000 -1,776,000 -1,756,000 4,641,000 -9,240,000 -3,803,000 -1,728,000 -4,557,000 -247,000 -5,989,000 -1,945,000 -5,210,000 -796,000 -3,002,000 -967,000 -409,000 -1,649,000 -387,000 -1,249,000 -1,018,000 -355,056 -388,864 -334,080 
      free cash flows
    		20,023,000 24,249,000 12,134,000 12,079,000 24,738,000 16,205,000 9,078,000 13,034,000 20,690,000 14,977,000 -2,395,000 7,348,000 13,685,000 11,443,000 -6,882,000 4,084,000 6,564,000 6,115,000 5,943,000 4,392,000 7,729,000 4,989,000 -2,442,000 4,339,000 4,162,000 8,493,000 553,000 1,883,000 -289,997 4,345,087 2,240,910 
      cash flows from investing activities:
    		                               
      issuance of notes receivable to franchisees
    		-25,000 -25,000 -25,000 -25,000 -125,000 -75,000 -100,000                         
      proceeds from notes receivable to franchisees
    		89,000 78,000 62,000 50,000 32,000 11,000 1,000                         
      capitalized software development costs
    		-3,708,000 -2,926,000 -2,771,000  -3,253,000 -2,652,000 -2,560,000                         
      cash consideration paid for asset acquisitions
    		-2,338,000       -852,000 -773,000 -5,109,000 -161,000                     
      purchase of property and equipment
    		-477,000 -1,738,000 -579,000 -422,000 -110,000 -225,000 -222,000 -497,000 -423,000 -1,776,000 -1,756,000 4,641,000 -9,240,000 -3,803,000 -1,728,000 -4,557,000 -247,000 -5,989,000 -1,945,000 -5,210,000 -796,000 -3,002,000 -967,000 -409,000 -1,649,000 -387,000 -1,249,000 -1,018,000 -355,056 -388,864 -334,080 
      net cash from investing activities
    		-6,459,000 -5,055,000 -3,313,000 -3,141,000 -3,456,000 -2,940,000 -2,882,000 -4,573,000 -3,323,000 -8,593,000 -2,693,000 4,262,000 -10,031,000 -4,311,000 -2,491,000 -5,229,000 -860,000 -7,186,000 -2,100,000 -5,276,000 -964,000 -3,075,000 -1,018,000 -469,000 -1,733,000 -577,000 -1,299,000 -882,000 -308,235 -424,720 -565,045 
      cash flows from financing activities:
    		                               
      customer premiums
    		-397,000 764,000 -1,431,000 908,000 -234,000                           
      debt issuance costs
    		-15,000 0 -7,929,000  0                0 -147,000 -530,000         
      repayment of note payable
    		-7,124,000 -750,000 -93,078,000  -2,515,000 -2,516,000 -1,875,000  -1,875,000 -11,875,000 -1,250,000  -1,250,000 -1,250,000 -625,000 -625,000 -2,244,000 -1,000,000 -500,000 -500,000 -500,000 -500,000 -26,321,000 -750,000 -750,000 -500,000 -500,000 -500,000 -49,875,000 -125,000 -125,000 
      proceeds from notes payable
    		7,124,000 0 299,250,000  0           0    0 0 37,900,000 26,921,000     0    
      proceeds from the issuance of class a common stock
    		1,371,000 1,594,000 10,634,000 5,837,000 4,015,000 374,000 2,009,000 2,361,000 3,500,000 3,664,000 373,000 1,298,000 3,178,000 1,184,000 470,000 1,001,000 2,505,000 653,000 431,000 1,075,000 1,303,000 2,546,000 116,000 183,000 0       
      repurchases of class a common stock
    		-57,716,000   0 0                           
      member distributions and dividends
    		-2,094,000 -1,886,000 -205,019,000  -2,084,000 -2,347,000 -42,000  -3,275,000            -42,835,000 -859,000 -1,003,000  -786,000 -17,708,000 -245,000     
      net cash from financing activities
    		-58,851,000 -807,000 2,427,000 -1,499,000 -818,000 -42,973,000 91,000 -1,972,000 -1,650,000 -13,417,000 -877,000 -24,952,000 1,928,000 -66,000 -155,000 376,000 -15,786,000 -347,000 -69,000 575,000 -42,032,000 38,940,000 -817,000 -567,000 -1,536,000 -18,066,000 -745,000 -1,451,000 -628,608 8,297,308 -625,700 
      net increase in cash and cash equivalents, and restricted cash
    		-41,102,000 23,051,000 14,598,000 7,861,000                            
      cash and cash equivalents, and restricted cash, beginning of period
    		0 0 57,973,000 0 0 0 44,047,000 0 0 0 30,387,000 0 0 0 30,479,000 0 0 0 26,236,000 0 0 0 15,260,000 0 0 0 19,011,000     
      cash and cash equivalents, and restricted cash, end of period
    		-41,102,000 23,051,000 72,571,000 7,861,000 23,827,000 -26,832,000 53,117,000 6,986,000 16,140,000 -5,257,000 26,178,000 -17,983,000 14,822,000 10,869,000 22,679,000 3,788,000 -9,835,000 4,571,000 31,955,000 4,901,000 -34,471,000 43,856,000 11,950,000 3,712,000 2,542,000 -9,763,000 18,769,000     
      supplemental disclosures of cash flow data:
    		                               
      cash paid during the period for interest
    		  4,155,000  1,969,000 1,792,000 1,425,000  1,567,000 1,607,000 1,675,000  1,099,000                   
      cash paid for income taxes
    		  15,000  -126,000 940,000 46,000 93,000 74,000 532,000 2,000 40,000 46,000 389,000 9,000 0 10,000   0 20,000   0 300,000       
      impact of tax receivable agreement
    		                               
      noncash lease expense
    		                  13,000             
      purchase of software
    		       -3,060,000 -2,149,000 -1,712,000 -784,000 -390,000 -802,000 -519,000 -773,000 -680,000 -620,000 -1,204,000 -165,000 -75,000 -176,000 -82,000 -60,000 -63,000 -89,000 -196,000 -55,000 -27,000 -41,830 -34,500 -44,670 
      debt issuance cost
    		                               
      repayment of revolving credit facility
    		                               
      repayment of term note payable
    		                               
      proceeds from revolving credit facility
    		                               
      proceeds from term note payable
    		                               
      member distributions
    		                           -90,000 -900,088   
      payments pursuant to tax receivable agreement
    		                               
      net decrease in cash and cash equivalents, and restricted cash
    		                               
      premiums payable
    		      -207,000 67,000 -35,000 245,000 -352,000 -619,000 -164,000 935,000 -461,000 773,000 -372,000 393,000 -165,000 -55,000 -110,000 369,000 196,000 195,000 149,000 227,000 -24,000 -157,000 -83,503 6,782 191,721 
      net increase in cash and restricted cash
    		      9,070,000  16,140,000    14,822,000    -9,835,000 4,571,000 5,719,000  -34,471,000     -9,763,000 -242,000     
      proceeds from notes receivable
    		       -164,000 22,000 4,000 8,000 11,000 11,000 11,000 10,000 8,000 7,000 7,000 10,000 9,000 8,000 9,000 9,000 3,000 5,000 6,000 5,000 6,000 5,148 5,426 5,426 
      dividends to stockholders
    		                               
      supplemental disclosure of cash flow data:
    		                               
      cash paid during the year for interest
    		              1,086,000 636,000 700,000 480,000 535,000 569,000 523,000 469,000 326,000 312,000 609,000 626,000 626,000     
      cash paid pursuant to tra agreement
    		                               
      net decrease in cash and restricted cash
    		          -4,209,000    -7,800,000        -3,310,000         
      equity based compensation
    		                               
      deferred rent
    		                   -8,388,000 -64,000 1,016,000 71,000 21,000 1,326,000 57,000 985,000 284,000 19,205 -5,353 284,148 
      payments pursuant to the tax receivable agreement
    		               -1,372,000 0 -1,098,000 549,000 0 0 0 -9,000         
      member distributions and dividends to stockholders
    		                               
      unearned revenue
    		                       149,000 -165,000 164,000 -199,000 -20,000 40,050 -265,050 -287,000 
      non-cash management fee note repayment
    		                               
      dividends held by transfer agent
    		                          -5,962,000     
      tax receivable agreement liability
    		                               
      loan origination fees
    		                           -1,003,000 265,400 49,300 49,300 
      adjustments to tax receivable agreement liability
    		                        1,841,000 3,965,000 5,161,000     
      net increase/(decrease) in cash and restricted cash
    		                               
      management fee note repayment through issuance of class a common stock
    		                            330   
      changes in restricted cash
    		                           157,000 83,503 -6,782 -191,721 
      proceeds from member note receivable
    		                               
      proceeds from the issuance of class a common stock, net of underwriting discounts and offering costs
    		                               
      net increase in cash and cash equivalents
    		                           568,000 -871,784 12,606,539 1,384,245 
      cash, beginning of period
    		                           0 329 0 4,947,671 
      cash, end of period
    		                           568,000 -871,455 12,606,539 6,331,916 
      proceeds from the issuance of class a common stock sold in initial public offering, net of underwriting discounts and offering costs
    		                            -118,920   
      supplemental disclosures:
    		                               
      dividends paid
    		                              -550,000 
    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.