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 
      
    		                     
      operating activities:
    		                     
      net income
    		8,378,000 18,356,000 -19,359,000 -28,223,000 -10,564,000 -10,170,000 -13,357,000 -1,441,000 -7,525,000 -7,174,000 -14,719,000 -10,812,000 -5,720,000 -7,751,000 -7,536,000 -1,472,000 2,226,000 -14,483,000 -11,596,000 812,000 -30,737,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                     
      provision (recovery) for credit loss
    		1,556,000 5,075,000 407,000                   
      depreciation and amortization
    		12,958,000 12,763,000 13,294,000 15,354,000 13,240,000 12,515,000 11,653,000 11,964,000 11,863,000 11,398,000 10,555,000 11,551,000 11,504,000 12,280,000 12,144,000 11,665,000 11,471,000 10,905,000 10,769,000 10,190,000 9,740,000 
      non-cash leases expense
    		2,775,000 3,034,000 3,085,000                   
      stock-based compensation expense
    		9,220,000 10,834,000 13,723,000 29,799,000 11,763,000 11,831,000 11,272,000 11,658,000 11,484,000 11,090,000 13,035,000 10,915,000 11,018,000 10,932,000 10,425,000 3,734,000 2,365,000 2,417,000 1,805,000 1,410,000 1,149,000 
      fair value changes in financial instruments
    		-10,354,000 -8,348,000 308,000 -1,728,000   -297,000 -5,943,000 806,000 -865,000 1,873,000 1,268,000 -1,808,000 -407,000 -2,449,000       
      write off of deferred financing costs
    		0 5,000 908,000                   
      deferred income taxes
    		-5,823,000 -617,000 4,174,000 -645,000   -414,000 -3,822,000 1,324,000 151,000 1,367,000 358,000 -208,000 831,000 1,269,000 1,477,000 486,000 -256,000 2,000 2,414,000 3,348,000 
      other operating activities
    		-723,000 317,000 1,354,000 293,000 -3,806,000                 
      changes in operating assets and liabilities, net of acquisitions:
    		                     
      accounts receivable and contract assets
    		-1,376,000 -37,737,000 10,358,000 3,921,000 -7,877,000 -28,928,000 -9,093,000 6,615,000 -11,616,000 -7,537,000 9,615,000 -2,907,000 -947,000 -1,789,000 10,037,000 -23,661,000 18,506,000 -1,980,000 -29,029,000 -11,466,000 -15,163,000 
      prepaid expenses and other current assets
    		-1,699,000 4,349,000 -5,473,000    -2,538,000 -11,000 766,000 1,690,000 -3,363,000 -399,000 -931,000 1,343,000 -1,776,000 895,000 -3,097,000 529,000 787,000 393,000 -560,000 
      accounts payable and other accrued liabilities
    		6,887,000 4,844,000 -5,637,000 5,990,000 -1,254,000 6,886,000 -7,824,000 -8,140,000 4,781,000 6,090,000 -11,643,000 3,065,000 -2,772,000 2,681,000 -12,852,000 27,418,000 -5,210,000 -1,395,000 3,183,000 5,430,000 3,467,000 
      accrued payroll and benefits
    		8,994,000 11,679,000 -8,622,000 3,227,000 3,004,000 2,060,000 -10,000,000 3,372,000 5,681,000 4,761,000 -4,350,000 -467,000 1,431,000 82,000 -7,876,000 3,183,000 2,907,000 -788,000 -2,058,000 -12,000 4,198,000 
      change in operating leases
    		-3,195,000 -2,660,000 -3,016,000 -2,794,000 -2,927,000 -3,129,000 -3,177,000 -2,968,000 -2,720,000 -2,469,000 -2,336,000 -2,301,000 -2,311,000 -2,201,000 -2,122,000 -2,179,000 -1,828,000     
      other assets
    		    -2,949,000                 
      net cash from operating activities
    		28,150,000 21,894,000 5,504,000 31,956,000 11,406,000 894,000 -22,021,000 14,550,000 16,960,000 21,483,000 3,029,000 12,484,000 11,107,000 15,386,000 -18,328,000 23,873,000 30,754,000 -3,133,000 -13,913,000 5,727,000 -2,293,000 
      capex
    		-5,817,000 0 -3,154,000 -2,247,000 -1,158,000 -10,895,000 -5,816,000 -4,609,000 -4,696,000 -17,609,000 -1,038,000 0 -2,440,000 -2,975,000 882,000 -1,480,000 -2,787,000 -1,119,000 -328,000 -1,840,000 -2,534,000 
      free cash flows
    		22,333,000 21,894,000 2,350,000 29,709,000 10,248,000 -10,001,000 -27,837,000 9,941,000 12,264,000 3,874,000 1,991,000 12,484,000 8,667,000 12,411,000 -17,446,000 22,393,000 27,967,000 -4,252,000 -14,241,000 3,887,000 -4,827,000 
      investing activities:
    		                     
      proceeds from corporate owned and property insurance
    		   42,000 62,000 80,000 40,000               
      purchases of property and equipment
    		-5,817,000   -2,247,000 -1,158,000 -11,949,000 -5,979,000 -4,609,000 -4,018,000 -16,817,000 -4,134,000  -1,913,000 -3,239,000 -262,000 -1,480,000 -3,051,000 -1,432,000 -922,000 -1,840,000 -2,206,000 
      proceeds from the sale of property and equipment
    		50,000   1,747,000 -1,668,000                 
      proprietary software development and other software costs
    		1,045,000   -449,000 -316,000 -436,000 -1,300,000 -589,000 -722,000 -1,403,000 -638,000  -250,000 -97,000 -50,000 -458,000 -33,000 -4,000 -204,000   
      purchase price true ups
    		 512,000 -562,000 126,000   320,000      192,000 0 -631,000  -185,000     
      minority investments
    		   0 0   -279,000              
      cash paid for acquisitions, net of cash acquired
    		   -74,000 -42,760,000 -12,133,000 -58,119,000               
      net cash from investing activities
    		-4,672,000 -4,227,000 -3,705,000 -855,000 -49,253,000 -22,899,000 -65,038,000 -4,642,000 -9,999,000 -75,256,000 -11,727,000 -11,372,000 -8,985,000 -3,325,000 -15,005,000 -20,953,000 -24,873,000 -18,417,000 -7,398,000 -2,900,000 -2,871,000 
      financing activities:
    		                     
      proceeds from revolving line of credit
    		170,372,000 109,080,000 106,945,000                   
      repayment of the revolving line of credit
    		-130,847,000 -77,425,000 -97,246,000                   
      repayment of aircraft loan
    		-289,000 -284,000 -280,000 -275,000 -270,000 -265,000 -261,000 -256,000              
      proceeds from term loan
    		0 0 200,000,000 0 0 0 50,000,000               
      repayment of term loan
    		1,000 0 -189,219,000 -3,906,000 -7,188,000 -625,000 -3,281,000  -2,188,000 -4,409,000 -2,188,000  -2,188,000 -2,188,000 -4,375,000  0 -173,358,000 -547,000   
      payment of contingent consideration and other purchase price true ups
    		-1,058,000 -4,103,000 -297,000 0 162,000 -162,000 -363,000               
      repayment of finance leases
    		-2,853,000 -4,507,000 -1,563,000 -1,105,000 -1,279,000 -2,022,000 -1,083,000 -1,206,000 -1,180,000 -1,169,000 -1,029,000 -1,061,000 -995,000 -968,000 -943,000 -827,000 -741,000     
      payments of deferred financing costs
    		0 0 -2,189,000 0 0 0 -348,000               
      proceeds from issuance of common stock for exercised stock options
    		328,000 16,000 61,000 87,000 598,000 888,000 487,000 161,000 1,234,000 605,000 2,690,000 831,000 329,000 54,000 429,000 1,205,000 2,946,000 901,000 2,185,000   
      proceeds from issuance of common stock in follow-on offering, net of issuance costs
    		                     
      proceeds from building sale leaseback
    		0                     
      dividend payment to the series a-2 stockholders
    		-1,400,000 0 -2,750,000 -2,750,000 -2,750,000                 
      redemption of series a-2 preferred stock
    		-62,235,000                     
      net cash from financing activities
    		-27,981,000 -37,223,000 15,962,000 -30,581,000 33,754,000 29,482,000 73,347,000 -9,241,000 -6,910,000 695,000 -4,654,000 -4,714,000 -6,954,000 -7,381,000 -19,715,000 128,355,000 -29,895,000 50,730,000 -3,087,000 -6,265,000 -1,245,000 
      change in cash, cash equivalents and restricted cash
    		-4,503,000 -19,556,000 17,761,000 520,000 -4,093,000 7,477,000 -13,712,000 667,000 51,000   -3,602,000 -4,832,000 4,680,000 -53,048,000 131,275,000 -24,014,000 29,180,000 -24,398,000 -3,438,000 -6,409,000 
      foreign exchange impact on cash balance
    		755,000 -236,000 -420,000 -630,000 233,000 -58,000 -42,000 -611,000 -174,000 -409,000 318,000 -136,000 -16,000 -57,000 98,000  -169,000 368,000 158,000  -28,000 
      cash, cash equivalents and restricted cash:
    		                     
      beginning of year
    		0 0 12,935,000 0 0 0 23,240,000 0 0 0 89,828,000 0 0 0 146,741,000  0 0 34,881,000  0 
      end of period
    		-3,748,000 -19,792,000 30,276,000  -3,860,000 7,419,000 9,486,000  -123,000 -53,487,000 76,794,000  -4,848,000 4,623,000 93,791,000  -24,183,000 29,548,000 10,641,000  -6,437,000 
      purchases of property and equipment and software development costs
    		  -3,154,000                   
      proceeds from other activities
    		  11,000                   
      proceeds from cteh building financing
    		  2,500,000                   
      repayment to the series a-2 stockholders
    		   0 0 0 -60,000,000               
      amortization of right-of-use asset
    		   3,149,000 2,994,000 2,804,000 2,625,000 2,527,000 2,626,000 2,550,000 2,491,000 2,355,000 2,352,000 2,311,000 2,271,000 2,204,000 1,922,000     
      payment of contingent consideration
    		       0 0   0 0 0 -19,457,000       
      proceeds from line of credit
    		   76,648,000 123,697,000 35,776,000 166,995,000         0 4,000,000   0 0 
      repayment of the line of credit
    		   -99,280,000 -79,216,000 -120,320,000 -78,799,000               
      proceeds from the aircraft loan
    		       0 0             
      proceeds from issuance of common stock in follow-on offering
    		   0 0                 
      end of year
    		                     
      supplemental disclosures of cash flows information:
    		                     
      cash paid for interest
    		     3,760,000 3,098,000  1,901,000 1,590,000 1,347,000  1,656,000 3,012,000 184,000  1,252,000 897,000 2,500,000  2,829,000 
      cash paid for income tax
    		     407,000 292,000  113,000 1,106,000 155,000  -112,000    653,000 0 305,000  99,000 
      supplemental disclosures of non-cash investing and financing activities:
    		                     
      accrued purchases of property and equipment
    		     1,054,000 163,000  -678,000 -792,000 3,096,000  -527,000 264,000 1,144,000  264,000 313,000 594,000  -328,000 
      property and equipment purchased under finance leases
    		     1,185,000 2,058,000  2,402,000 921,000 2,405,000  2,666,000 761,000 512,000  0     
      common stock issued to acquire new businesses
    		     2,691,000 6,580,000  0        3,274,000 475,000 2,271,000  0 
      acquisitions unpaid contingent consideration
    		     -24,515,000 40,461,000  -61,000 -1,425,000 7,855,000  403,000 -621,000 6,995,000  4,200,000 -36,183,000 67,335,000   
      acquisitions contingent consideration paid in common stock
    		     0 1,087,000               
      (recovery) benefit from credit loss
    		      -886,000               
      fair value changes in business acquisition contingencies
    		      106,000 -330,000 459,000 353,000 -398,000 245,000 59,000         
      other
    		      -91,000 -1,285,000 67,000 676,000 458,000 -111,000 90,000 227,000 143,000 -667,000 155,000 -137,000 50,000 -892,000 187,000 
      accrued dividend payment
    		      2,814,000               
      benefit from bad debt
    		             357,000 -528,000 332,000 213,000 82,000 508,000 -1,913,000 182,000 
      debt extinguishment costs
    		               0 0    0 
      changes in operating assets and liabilities—net of acquisitions:
    		                     
      payment of purchase price true ups
    		         -522,000 -505,000           
      cash paid for acquisitions—net of cash acquired
    		       0 -3,137,000 -56,525,000 -6,525,000 -7,283,000 -7,014,000 0 -14,328,000 -19,251,000 -21,604,000 -8,604,000 -6,272,000 0 -450,000 
      proceeds from term loans
    		               0 0   0 0 
      repayment of term loans
    		                     
      proceeds from issuance of common stock in public offerings, net of issuance costs
    		                     
      payments of deferred offering costs
    		           0 0 0 -183,000     -1,239,000  
      debt issuance cost
    		                     
      dividend payment to the series a-2 shareholders
    		       -4,100,000 -4,100,000 -4,100,000 -4,100,000 -4,100,000 -4,100,000 -4,100,000 -4,100,000 -4,100,000 -4,100,000 -4,100,000 -4,100,000 -4,100,000  
      provision (recovery) for bad debt
    		        -1,036,000 1,380,000 444,000           
      proceeds from insurance
    		        225,000 11,000 75,000           
      payment of purchase price obligations
    		                     
      acquisitions contingent consideration paid in shares
    		                     
      change in cash and cash equivalents
    		          -13,352,000           
      cash and cash equivalents:
    		                     
      (recovery) benefit from bad debt
    		           -276,000          
      purchases of property and equipment and proprietary software development
    		                     
      (payment) collection of purchase price true ups
    		                     
      payments on line of credit
    		               -37,000,000 -32,000,000   0 -25,000,000 
      issuance of series a-2 preferred stock and warrant, net of issuance costs
    		                     
      redemption of the series a-1 preferred stock
    		                   0  
      proceeds received from corporate owned insurance
    		            0 11,000 266,000       
      debt issuance costs
    		                0     
      offering costs included in accounts payable and other accrued liabilities
    		                    296,000 
      fair value changes in business acquisitions contingent consideration
    		              -21,000 337,000 0 12,971,000 11,064,000 -4,445,000  
      amortization of deferred financing costs
    		                     
      payment of contingent consideration and other assumed purchase price obligations
    		               -79,000 0   0 -215,000 
      proceeds from property insurance
    		                     
      proceeds received from the sale of property and equipment
    		                     
      payment of assumed purchase price obligations
    		                     
      proceeds from net working capital adjustment related to acquisitions
    		                   -880,000 0 
      prepayment premium on credit facility
    		                     
      issuance of series a-1 and series a-2 preferred stock and warrant, net of issuance costs
    		                     
      collection of notes receivable
    		                     
      fair value changes in embedded derivatives
    		                531,000 518,000 602,000   
      payment of contingent consideration and other purchase price obligations
    		                0     
      proceeds from issuance of common stock in connection with initial public offering, net of issuance costs
    		                   0  
      issuance of convertible and redeemable series a-2 preferred stock and warrant
    		                    0 
      exercise of warrant options
    		                     
      series a-1 preferred stock deemed dividends—net of return from holders
    		                     
      series a-1 preferred stock dividend paid in common shares
    		                     
      accretion of the redeemable series a-1 preferred stock to redeemable value
    		                    6,542,000 
      acquisitions contingent consideration and purchase price true ups paid in shares
    		                     
      repayment of capital leases
    		                  -625,000 -591,000 -1,008,000 
      property and equipment purchased under capital leases
    		                  670,000   
      fair value changes in the warrant options
    		                   0  
      proprietary software development and software licenses costs
    		                     
      debt issuance and extinguishment cost
    		                     
      proceeds from issuance of common stock
    		                   237,000 150,000 
      repayment of subordinated debt
    		                     
      repurchase of options
    		                     
      conversion of convertible preferred stock into cash
    		                     
      repurchase of common stock
    		                     
      fair value changes in the contingent put option
    		                    -26,265,000 
      fair value changes in the compound embedded option
    		                    26,664,000 
      cloud computing costs
    		                    -1,004,000 
      proprietary software development
    		                    -215,000 
      series a-1 preferred stock deemed dividend—net of return from holders
    		                     
      property and equipment acquired under capital leases
    		                     
      fair value changes in the contingent liabilities
    		                     
      payments on deferred offering costs
    		                     
      acquisitions unpaid contingent 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.