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 2021-12-31 2021-09-30 2021-06-30 2021-03-31 
      
    		               
      assets
    		               
      current assets:
    		               
      cash
    		91,088,000 128,895,000              
      accounts receivable
    		34,585,000 35,412,000 34,422,000 38,868,000 35,924,000 36,623,000 32,412,000 33,996,000 35,104,000 37,401,000 32,905,000 24,913,000 28,565,000 29,086,000 24,913,000 
      prepaid expenses and other current assets
    		12,253,000 11,300,000 10,973,000 12,309,000 11,323,000 12,238,000 11,574,000 12,640,000 11,313,000 10,798,000 9,447,000 9,398,000 10,712,000 9,322,000 9,398,000 
      total current assets
    		137,926,000 175,607,000 138,160,000 133,443,000 140,256,000 111,146,000 124,427,000 144,196,000 155,289,000 155,995,000 128,132,000 147,956,000 132,306,000 69,865,000 147,956,000 
      property and equipment
    		1,749,000 1,893,000 2,167,000 2,362,000 2,664,000 3,011,000 3,337,000 3,651,000 3,491,000 3,891,000 4,245,000 5,989,000 6,300,000 7,105,000 5,989,000 
      right of use assets
    		697,000 849,000 1,095,000 639,000 806,000 967,000 1,140,000 1,407,000 1,671,000 1,929,000 2,185,000     
      intangible assets
    		177,067,000 188,899,000 201,522,000 214,125,000 226,525,000 238,818,000 251,060,000 262,791,000 274,208,000 285,412,000 297,475,000 298,597,000 309,454,000 320,162,000 298,597,000 
      goodwill
    		610,063,000 610,063,000 610,063,000 610,063,000 610,063,000 610,063,000 610,063,000 609,333,000 608,576,000 608,902,000 608,657,000 564,799,000 565,048,000 565,054,000 564,799,000 
      other assets
    		9,431,000 9,647,000 8,326,000 7,311,000 6,622,000 6,495,000 6,224,000 5,738,000 5,003,000 4,784,000 4,524,000 4,266,000 3,247,000 3,043,000 4,266,000 
      total assets
    		936,933,000 986,958,000 961,333,000 967,943,000 986,936,000 970,500,000 996,251,000 1,045,317,000 1,066,124,000 1,075,806,000 1,059,157,000 1,025,893,000 1,020,166,000 970,350,000 1,025,893,000 
      liabilities and stockholders’ equity
    		               
      current liabilities:
    		               
      accounts payable
    		4,342,000 5,796,000 6,798,000 6,165,000 6,035,000 4,135,000 4,405,000 4,847,000 4,149,000 3,986,000 1,249,000 2,335,000 1,175,000 2,400,000 2,335,000 
      accrued liabilities
    		30,700,000 29,821,000 29,383,000 31,914,000 30,608,000 28,369,000 30,673,000 34,159,000 30,783,000 34,102,000 32,500,000 24,667,000 22,322,000 21,730,000 24,667,000 
      deferred revenue
    		30,110,000 39,727,000 17,170,000 29,767,000 28,337,000 37,683,000 17,224,000 26,694,000 26,302,000 34,090,000 16,945,000 14,707,000 20,889,000 21,094,000 14,707,000 
      current portion of debt, net of debt issuance costs
    		3,632,000 3,678,000 3,678,000 3,773,000 3,768,000 3,543,000 3,542,000         
      total current liabilities
    		68,784,000 79,022,000 57,029,000 71,619,000 68,748,000 73,730,000 55,844,000 69,248,000 64,779,000 75,684,000 54,199,000 43,848,000 44,386,000 49,123,000 43,848,000 
      long-term debt, net of debt issuance costs
    		463,125,000 463,989,000 464,922,000     420,921,000 421,808,000 422,526,000 423,404,000 425,371,000 419,890,000 613,095,000 425,371,000 
      deferred tax liabilities
    		12,069,000 11,598,000 11,287,000 11,369,000 10,928,000 10,639,000 10,823,000         
      long-term deferred revenue
    		  75,000 160,000 261,000 257,000 792,000 692,000 841,000 992,000 1,141,000     
      other long-term liabilities
    		314,000 412,000 527,000 336,000 390,000 439,000 541,000 690,000 845,000 1,165,000 1,322,000  77,000 127,000  
      total liabilities
    		544,292,000 555,021,000 533,840,000 549,621,000 547,400,000 504,167,000 488,004,000 491,551,000 488,273,000 500,367,000 480,066,000 469,615,000 464,778,000 662,801,000 469,615,000 
      commitments and contingencies
    		               
      stockholders’ equity:
    		               
      preferred stock, 0.001 par value; 50,000,000 shares authorized; zero shares issued and outstanding at june 30, 2025 and december 31, 2024
    		               
      common stock
    		125,000 127,000 127,000 126,000 126,000 127,000 129,000 130,000 132,000 132,000 128,000 88,000 79,000  88,000 
      additional paid-in capital
    		734,970,000 718,186,000 709,057,000 692,285,000 675,191,000 662,403,000 654,634,000 644,854,000 636,193,000 626,905,000 621,396,000 596,542,000 592,448,000 3,368,000 596,542,000 
      accumulated deficit
    		-342,454,000 -286,376,000 -281,691,000 -274,089,000 -235,781,000 -196,197,000 -146,516,000 -91,218,000 -58,474,000 -51,598,000 -42,433,000 -40,352,000 -37,139,000 -15,687,000 -40,352,000 
      total stockholders’ equity
    		392,641,000 431,937,000 427,493,000 418,322,000 439,536,000 466,333,000 508,247,000 553,766,000 577,851,000 575,439,000 579,091,000    556,278,000 
      total liabilities and stockholders’ equity
    		936,933,000 986,958,000 961,333,000 967,943,000 986,936,000 970,500,000 996,251,000 1,045,317,000 1,066,124,000 1,075,806,000 1,059,157,000    1,025,893,000 
      preferred stock, 0.001 par value; 50,000,000 shares authorized; zero shares issued and outstanding at march 31, 2025 and december 31, 2024
    		               
      cash and cash equivalents
    		  92,765,000 82,266,000 93,009,000 62,285,000 80,441,000 97,560,000 108,872,000 77,796,000 55,780,000 113,645,000 93,029,000 29,236,000 113,645,000 
      preferred stock, 0.001 par value; 50,000,000 shares authorized; zero shares issued and outstanding at december 31, 2024 and december 31, 2023
    		               
      debt, net of debt issuance costs
    		   466,137,000 467,073,000 419,102,000 420,004,000         
      preferred stock, 0.001 par value; 50,000,000 shares authorized; zero shares issued and outstanding at september 30, 2024 and december 31, 2023
    		               
      preferred stock, 0.001 par value; 50,000,000 shares authorized; zero shares issued and outstanding at june 30, 2024 and december 31, 2023
    		               
      preferred stock, 0.001 par value; 50,000,000 shares authorized; zero shares issued and outstanding at march 31, 2024 and december 31, 2023
    		               
      escrow deposit
    		         30,000,000 30,000,000     
      deferred tax assets
    		       18,201,000 17,886,000 14,893,000 13,939,000 4,286,000 3,811,000 5,121,000 4,286,000 
      stockholders’ equity
    		               
      preferred stock, 0.001 par value; 50,000,000 shares authorized; zero shares issued and outstanding at december 31, 2023 and 2022
    		               
      current portion of long-term debt, net of debt issuance costs
    		       3,548,000 3,545,000 3,506,000 3,505,000 2,139,000  1,757,000 2,139,000 
      preferred stock, 0.001 par value; 50,000,000 shares authorized; zero shares issued and outstanding at september 30, 2023 and december 31, 2022
    		               
      preferred stock, 0.001 par value; 50,000,000 shares authorized; zero shares issued and outstanding at june 30, 2023 and december 31, 2022
    		               
      preferred stock, 0.001 par value; 50,000,000 shares authorized; zero shares issued and outstanding at march 31, 2023 and december 31, 2022
    		               
      deferred rent
    		           396,000 425,000 456,000 396,000 
      preferred stock, 0.001 par value; 50,000,000 shares authorized; zero shares issued and outstanding at december 31, 2022 and 2021
    		               
      restricted cash
    		             2,221,000  
      related party receivable from sellers of meridianlink
    		               
      liabilities, preferred units, and stockholders’ equity/members’ deficit
    		               
      tazworks, llc purchase liability
    		               
      related party liability due to sellers of meridianlink
    		               
      class a preferred units, no par value; unlimited units authorized, 319,913 units issued and outstanding at december 31, 2020; liquidation preference of 402,607 at december 31, 2020
    		               
      stockholders’ equity/members’ deficit
    		               
      preferred stock, 0.001 par value; 50,000,000 shares authorized at december 31, 2021; zero shares issued and outstanding at december 31, 2021
    		               
      class b common units, no par value; unlimited units authorized, 51,492,805 units issued and outstanding at december 31, 2020
    		               
      total stockholders’ equity/members’ deficit
    		           556,278,000 555,388,000   
      total liabilities, preferred units, and stockholders’ equity/members’ deficit
    		           1,025,893,000 1,020,166,000   
      liabilities and stockholders’ equity/members’ deficit
    		               
      class a preferred units, no par value; unlimited units authorized, 319,913 units issued and outstanding as of december 31, 2020; liquidation preference of 402,607 as of december 31, 2020
    		               
      preferred stock, 0.001 par value; 50,000,000 shares authorized at september 30, 2021; zero shares issued and outstanding at september 30, 2021
    		               
      class b common units, no par value; unlimited units authorized, 51,492,805 units issued and outstanding as of december 31, 2020
    		               
      liabilities and members’ deficit
    		               
      payable due to sellers of teledata communications, inc.
    		             2,142,000  
      class a preferred units, no par value, unlimited units authorized, 319,859 and 319,913 units issued and outstanding as of june 30, 2021 and december 31, 2020, respectively; liquidation preference of 420,706 and 402,607 as of june 30, 2021 and december 31, 2020, respectively
    		             319,859,000  
      members’ deficit
    		               
      class b common units, no par value, unlimited units authorized, 52,112,904 and 51,492,805 units issued and outstanding as of june 30, 2021 and december 31, 2020, respectively
    		             9,000  
      total members’ deficit
    		             -12,310,000  
      total liabilities, preferred units, and members’ deficit
    		             970,350,000  
      revenues
    		             68,474,000  
      cost of revenues:
    		               
      subscription and services
    		             17,997,000  
      amortization of developed technology
    		             3,109,000  
      total cost of revenues
    		             21,106,000  
      gross profit
    		             47,368,000  
      operating expenses:
    		               
      general and administrative
    		             16,622,000  
      research and development
    		             7,288,000  
      sales and marketing
    		             4,224,000  
      total operating expenses
    		             28,134,000  
      operating income
    		             19,234,000  
      other income, net:
    		               
      other income
    		             -10,000  
      interest expense
    		             9,846,000  
      total other income
    		             9,836,000  
      income before benefit from income taxes
    		             9,398,000  
      benefit from income taxes
    		             1,966,000  
      net income
    		             7,432,000  
      class a preferred return
    		             -9,232,000  
      net income attributable to common unitholders
    		             -1,800,000  
      weighted-average units outstanding – basic and diluted
    		             52,015,526,000  
      loss per common unit – basic and diluted
    		             -30  
      preferred stock, 0.001 par value; 50,000,000 shares authorized; zero shares issued and outstanding at march 31, 2022 and december 31, 2021
    		               
    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.