Paymentus Holdings Inc(NYSE:PAY) 
Paymentus Corp. provides real-time bill payment services. The Company offers e-billing, payment channels and processing, self-service portal... etc
Website: https://www.paymentus.com/
Founded: 2004
CEO / Founder: Dushyant Sharma
Sector:
Industry: Software & Tech Services
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 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 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 358,441,000 | 330,458,000 | 310,737,000 | 280,077,000 | 275,235,000 | 257,877,000 | 231,571,000 | 197,422,000 | 184,875,000 | 164,800,000 | 152,423,000 | 148,939,000 | 148,328,000 | 132,176,000 | 128,152,000 | 119,969,000 | 116,704,000 | 108,131,000 | 101,676,000 | 93,495,000 |
yoy | 30.23% | 28.15% | 34.19% | 41.87% | 48.88% | 56.48% | 51.93% | 32.55% | 24.64% | 24.68% | 18.94% | 24.15% | 27.10% | 22.24% | 26.04% | 28.32% | ||||
qoq | 8.47% | 6.35% | 10.95% | 1.76% | 6.73% | 11.36% | 17.30% | 6.79% | 12.18% | 8.12% | 2.34% | 0.41% | 12.22% | 3.14% | 6.82% | 2.80% | 7.93% | 6.35% | 8.75% | |
cost of revenue | 272,209,000 | 246,466,000 | 235,888,000 | 208,600,000 | 209,211,000 | 191,848,000 | 170,906,000 | 138,671,000 | 132,150,000 | 115,308,000 | 105,513,000 | 103,077,000 | 108,250,000 | 91,037,000 | 90,295,000 | 84,141,000 | 81,850,000 | 74,390,000 | 70,512,000 | 64,567,000 |
gross profit | 86,232,000 | 83,992,000 | 74,849,000 | 71,477,000 | 66,024,000 | 66,029,000 | 60,665,000 | 58,751,000 | 52,725,000 | 49,492,000 | 46,910,000 | 45,862,000 | 40,078,000 | 41,139,000 | 37,857,000 | 35,828,000 | 34,854,000 | 33,741,000 | 31,164,000 | 28,928,000 |
yoy | 30.61% | 27.20% | 23.38% | 21.66% | 25.22% | 33.41% | 29.32% | 28.10% | 31.56% | 20.30% | 23.91% | 28.01% | 14.99% | 21.93% | 21.48% | 23.85% | ||||
qoq | 2.67% | 12.22% | 4.72% | 8.26% | -0.01% | 8.84% | 3.26% | 11.43% | 6.53% | 5.50% | 2.29% | 14.43% | -2.58% | 8.67% | 5.66% | 2.79% | 3.30% | 8.27% | 7.73% | |
gross margin % | 24.06% | 25.42% | 24.09% | 25.52% | 23.99% | 25.60% | 26.20% | 29.76% | 28.52% | 30.03% | 30.78% | 30.79% | 27.02% | 31.12% | 29.54% | 29.86% | 29.87% | 31.20% | 30.65% | 30.94% |
operating expenses | ||||||||||||||||||||
research and development | 16,333,000 | 15,923,000 | 15,219,000 | 15,231,000 | 15,101,000 | 13,561,000 | 13,187,000 | 12,535,000 | 12,051,000 | 10,653,000 | 11,035,000 | 10,907,000 | 11,653,000 | 10,295,000 | 10,350,000 | 10,185,000 | 10,390,000 | 9,653,000 | 8,818,000 | 7,921,000 |
sales and marketing | 30,210,000 | 30,789,000 | 25,478,000 | 29,610,000 | 26,051,000 | 28,596,000 | 26,451,000 | 26,766,000 | 23,239,000 | 20,652,000 | 21,481,000 | 21,599,000 | 20,264,000 | 20,206,000 | 19,048,000 | 17,851,000 | 16,190,000 | 14,876,000 | 11,314,000 | 9,505,000 |
general and administrative | 13,137,000 | 13,212,000 | 14,291,000 | 10,714,000 | 9,183,000 | 9,682,000 | 8,939,000 | 9,214,000 | 9,092,000 | 9,047,000 | 9,083,000 | 8,730,000 | 9,145,000 | 9,101,000 | 9,376,000 | 10,017,000 | 9,645,000 | 8,901,000 | 9,904,000 | 7,421,000 |
total operating expenses | 59,680,000 | 59,924,000 | 54,988,000 | 55,555,000 | 50,335,000 | 51,839,000 | 48,577,000 | 48,515,000 | 44,382,000 | 40,352,000 | 41,599,000 | 41,236,000 | 41,062,000 | 39,602,000 | 38,774,000 | 38,053,000 | 36,225,000 | 33,430,000 | 30,036,000 | 24,847,000 |
income from operations | 26,552,000 | 24,068,000 | 19,861,000 | 15,922,000 | 15,689,000 | 14,190,000 | 12,088,000 | 10,236,000 | 8,343,000 | 9,140,000 | 5,311,000 | 4,626,000 | -984,000 | 1,537,000 | -917,000 | -2,225,000 | -1,371,000 | 311,000 | 1,128,000 | 4,081,000 |
yoy | 69.24% | 69.61% | 64.30% | 55.55% | 88.05% | 55.25% | 127.60% | 121.27% | -947.87% | 494.66% | -679.17% | -307.91% | -28.23% | 394.21% | -181.29% | -154.52% | ||||
qoq | 10.32% | 21.18% | 24.74% | 1.49% | 10.56% | 17.39% | 18.09% | 22.69% | -8.72% | 72.10% | 14.81% | -570.12% | -164.02% | -267.61% | -58.79% | 62.29% | -540.84% | -72.43% | -72.36% | |
operating margin % | 7.41% | 7.28% | 6.39% | 5.68% | 5.70% | 5.50% | 5.22% | 5.18% | 4.51% | 5.55% | 3.48% | 3.11% | -0.66% | 1.16% | -0.72% | -1.85% | -1.17% | 0.29% | 1.11% | 4.36% |
interest income | 2,531,000 | 2,530,000 | 2,578,000 | 2,336,000 | 2,062,000 | 2,020,000 | 2,342,000 | 2,194,000 | 2,186,000 | 2,016,000 | 1,905,000 | 1,658,000 | 1,440,000 | 1,069,000 | 504,000 | 98,000 | -10,000 | 11,000 | -4,000 | |
other income | 8,000 | -95,000 | 163,000 | 111,000 | 50,000 | 70,000 | 5,000 | 39,000 | ||||||||||||
income before income taxes | 29,091,000 | 26,503,000 | 22,602,000 | 18,369,000 | 17,801,000 | 16,280,000 | 14,435,000 | 12,469,000 | 10,760,000 | 11,200,000 | 7,199,000 | 6,277,000 | 448,000 | 2,559,000 | -441,000 | -2,073,000 | -1,353,000 | 308,000 | 1,123,000 | 4,076,000 |
provision for income taxes | 8,210,000 | 30,846,000 | -4,858,000 | -3,662,000 | -3,988,000 | -1,661,000 | -5,000 | -3,105,000 | 4,357,000 | -701,000 | -3,501,000 | |||||||||
net income | 20,881,000 | 20,673,000 | 17,744,000 | 14,707,000 | 13,813,000 | 13,149,000 | 14,430,000 | 9,364,000 | 7,226,000 | 9,402,000 | 6,377,000 | 5,839,000 | 704,000 | 957,000 | -737,000 | -2,451,000 | 1,718,000 | 4,665,000 | 422,000 | 575,000 |
yoy | 51.17% | 57.22% | 22.97% | 57.06% | 91.16% | 39.85% | 126.28% | 60.37% | 926.42% | 882.45% | -965.26% | -338.23% | -59.02% | -79.49% | -274.64% | -526.26% | ||||
qoq | 1.01% | 16.51% | 20.65% | 6.47% | 5.05% | -8.88% | 54.10% | 29.59% | -23.14% | 47.44% | 9.21% | 729.40% | -26.44% | -229.85% | -69.93% | -242.67% | -63.17% | 1005.45% | -26.61% | |
net income margin % | 5.83% | 6.26% | 5.71% | 5.25% | 5.02% | 5.10% | 6.23% | 4.74% | 3.91% | 5.71% | 4.18% | 3.92% | 0.47% | 0.72% | -0.58% | -2.04% | 1.47% | 4.31% | 0.42% | 0.62% |
net income per share | ||||||||||||||||||||
basic | 0.17 | 0.16 | 0.14 | 0.12 | 0.11 | 0.11 | 0.12 | 0.08 | 0.06 | 0.08 | 0.05 | 0.05 | 0.01 | -0.003 | -0.01 | -0.02 | 0.01 | 0.04 | ||
diluted | 0.16 | 0.16 | 0.14 | 0.11 | 0.11 | 0.11 | 0.11 | 0.07 | 0.06 | 0.08 | 0.05 | 0.05 | 0.01 | -0.003 | -0.01 | -0.02 | 0.01 | 0.04 | ||
weighted-average number of shares used to compute net income per share | ||||||||||||||||||||
basic | 125,665,214 | 125,246,892 | 125,341,855 | 125,077,964 | 124,941,781 | 124,372,031 | 124,538,195 | 124,264,789 | 123,945,778 | 123,511,608 | 123,620,260 | 123,378,128 | 123,289,584 | 122,099,437 | 122,740,982 | 121,637,711 | 120,897,576 | 112,763,261 | 118,206,073 | 108,970,604 |
diluted | 129,314,000 | 129,113,684 | 129,249,477 | 129,030,539 | 128,801,974 | 127,714,622 | 127,614,115 | 127,252,366 | 126,917,654 | 125,071,829 | 125,639,879 | 124,012,107 | 123,792,741 | 122,099,437 | 122,740,982 | 121,637,711 | 125,986,510 | 118,821,925 | 124,427,777 | 108,970,604 |
comprehensive income | 20,693 | 20,788 | 17,426 | 14,770 | 13,759 | 12,919 | 14,422 | 9,324 | 7,184 | 9,489 | 6,313 | 5,932 | 697 | |||||||
foreign currency translation adjustments, net of tax | -188 | 115 | -318 | 63 | -54 | -230 | -8 | -40 | -42 | 87 | -64 | 93 | -7 | |||||||
other non-recurring income | 213,000 | |||||||||||||||||||
foreign exchange gain | 18,000 | 44,000 | -17,000 | -7,000 | -8,000 | -47,000 | -28,000 | 54,000 | 26,000 | -1,000 | ||||||||||
benefit from income taxes | -3,534,000 | -1,798,000 | -822,000 | -438,000 | 256,000 | -1,602,000 | -296,000 | -378,000 | 3,071,000 | |||||||||||
undeclared dividends on series a preferred stock | -898,000 | |||||||||||||||||||
net income attributable to common stock | 957,000 | -737,000 | -2,451,000 | 1,718,000 | 4,665,000 | 422,000 | -323,000 | |||||||||||||
weighted-average number of shares used to compute net income per share attributable to common stock | ||||||||||||||||||||
basic | 125,665,214 | 125,246,892 | 125,341,855 | 125,077,964 | 124,941,781 | 124,372,031 | 124,538,195 | 124,264,789 | 123,945,778 | 123,511,608 | 123,620,260 | 123,378,128 | 123,289,584 | 122,099,437 | 122,740,982 | 121,637,711 | 120,897,576 | 112,763,261 | 118,206,073 | 108,970,604 |
diluted | 129,314,000 | 129,113,684 | 129,249,477 | 129,030,539 | 128,801,974 | 127,714,622 | 127,614,115 | 127,252,366 | 126,917,654 | 125,071,829 | 125,639,879 | 124,012,107 | 123,792,741 | 122,099,437 | 122,740,982 | 121,637,711 | 125,986,510 | 118,821,925 | 124,427,777 | 108,970,604 |
interest expense | -8,000 | |||||||||||||||||||
foreign exchange loss | -2,000 | -16,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 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 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||
current assets | ||||||||||||||||||||
cash and cash equivalents | 338,780,000 | 320,908,000 | 287,908,000 | 266,422,000 | 245,849,000 | 205,900,000 | 187,542,000 | 188,810,000 | 180,138,000 | 179,361,000 | 162,062,000 | 159,068,000 | 143,637,000 | 147,334,000 | 148,314,000 | 158,335,000 | 163,384,000 | 168,386,000 | 177,506,000 | 266,390,000 |
restricted cash and cash equivalents | 3,348,000 | 3,630,000 | 3,566,000 | 3,623,000 | 3,799,000 | 3,511,000 | 3,243,000 | 4,070,000 | 4,014,000 | 3,834,000 | 4,830,000 | 3,400,000 | 1,386,000 | 2,351,000 | ||||||
accounts and other receivables, net of allowance for expected credit losses of 602 and 452, respectively | 117,213,000 | |||||||||||||||||||
income tax receivable | 1,085,000 | 1,207,000 | 4,754,000 | 3,781,000 | 3,356,000 | 4,334,000 | 1,330,000 | 20,000 | 259,000 | 1,910,000 | 2,376,000 | 2,141,000 | 1,493,000 | 2,650,000 | 2,661,000 | 8,583,000 | 2,488,000 | 1,185,000 | 263,000 | |
prepaid expenses and other assets | 12,077,000 | 13,248,000 | 15,992,000 | 10,511,000 | 11,880,000 | 13,058,000 | ||||||||||||||
total current assets | 472,503,000 | 441,331,000 | 417,105,000 | 380,926,000 | 361,513,000 | 345,641,000 | 320,097,000 | 294,196,000 | 279,643,000 | 270,348,000 | 255,068,000 | 241,021,000 | 232,627,000 | 228,961,000 | 303,641,000 | 281,840,000 | 268,028,000 | 256,436,000 | 263,629,000 | 306,854,000 |
property and equipment | 790,000 | 877,000 | 948,000 | 1,040,000 | 1,061,000 | 1,157,000 | 1,323,000 | 1,439,000 | 1,575,000 | 1,558,000 | 1,676,000 | 1,743,000 | 1,668,000 | 1,823,000 | 1,996,000 | 2,048,000 | 2,155,000 | 2,044,000 | 2,295,000 | 2,056,000 |
capitalized internal-use software development costs | 71,518,000 | 70,920,000 | 69,964,000 | 69,053,000 | 68,313,000 | 67,375,000 | 65,993,000 | 64,112,000 | 61,767,000 | 58,787,000 | 56,488,000 | 53,234,000 | 49,482,000 | 46,032,000 | 42,711,000 | 38,725,000 | 34,513,000 | 30,888,000 | 27,687,000 | 25,366,000 |
intangible assets | 11,170,000 | 11,987,000 | 13,039,000 | 14,809,000 | 16,938,000 | 19,076,000 | 21,096,000 | 23,117,000 | 25,137,000 | 27,158,000 | 29,179,000 | 31,274,000 | 33,808,000 | 36,017,000 | 36,113,000 | 38,108,000 | 40,039,000 | 42,088,000 | 52,026,000 | 195,000 |
goodwill | 131,790,000 | 131,815,000 | 131,813,000 | 131,836,000 | 131,817,000 | 131,815,000 | 131,849,000 | 131,845,000 | 131,850,000 | 131,860,000 | 131,852,000 | 131,866,000 | 131,854,000 | 131,851,000 | 129,344,000 | 129,387,000 | 129,417,000 | 129,413,000 | 120,934,000 | 13,216,000 |
operating lease right-of-use assets | 6,200,000 | 6,380,000 | 6,849,000 | 7,494,000 | 7,330,000 | 7,801,000 | 8,610,000 | 8,887,000 | 9,477,000 | 10,027,000 | 9,596,000 | 10,166,000 | 10,453,000 | 9,561,000 | 9,582,000 | 10,711,000 | 7,702,000 | 7,703,000 | 8,261,000 | 9,506,000 |
deferred tax asset | 765,000 | 314,000 | 134,000 | 2,364,000 | 1,380,000 | 367,000 | 358,000 | 90,000 | 91,000 | 94,000 | 117,000 | 117,000 | 117,000 | 116,000 | 165,000 | 167,000 | 1,052,000 | 163,000 | 10,000 | 144,000 |
prepaid expenses and other assets, less current portion | 3,868,000 | 4,261,000 | 4,560,000 | 2,001,000 | 2,536,000 | 3,015,000 | ||||||||||||||
total assets | 698,604,000 | 667,885,000 | 644,412,000 | 609,523,000 | 590,888,000 | 576,247,000 | 552,932,000 | 527,739,000 | 513,975,000 | 504,863,000 | 489,341,000 | 475,386,000 | 466,542,000 | 461,539,000 | 531,229,000 | 506,162,000 | 487,613,000 | 472,942,000 | 478,773,000 | 360,800,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||
current liabilities | ||||||||||||||||||||
accounts payable | 73,468,000 | 63,972,000 | 63,937,000 | 52,584,000 | 55,664,000 | 49,871,000 | 49,659,000 | 43,145,000 | 41,097,000 | 35,182,000 | 33,450,000 | 30,545,000 | 32,573,000 | 29,232,000 | 27,394,000 | 27,789,000 | 29,527,000 | 24,748,000 | 25,091,000 | 21,705,000 |
accrued and other liabilities | 16,375,000 | 27,671,000 | 25,693,000 | 24,891,000 | 18,513,000 | |||||||||||||||
current portion of operating lease liabilities | 2,380,000 | 2,294,000 | 2,248,000 | 2,233,000 | 2,097,000 | 2,090,000 | 2,098,000 | 2,112,000 | 1,966,000 | 1,853,000 | 1,669,000 | 1,677,000 | 1,643,000 | |||||||
contract liabilities | 5,042,000 | 3,496,000 | 3,797,000 | 3,771,000 | 3,375,000 | 2,937,000 | 2,192,000 | 2,900,000 | 4,097,000 | 4,089,000 | 5,633,000 | 3,414,000 | 4,639,000 | 4,358,000 | 1,328,000 | 1,323,000 | 1,253,000 | 2,173,000 | 1,912,000 | 913,000 |
income tax payable | 9,814,000 | 1,416,000 | 1,327,000 | 190,000 | 87,000 | 3,132,000 | 363,000 | 23,000 | 106,000 | 268,000 | 635,000 | 720,000 | 494,000 | 1,579,000 | 122,000 | |||||
total current liabilities | 107,079,000 | 98,849,000 | 95,675,000 | 83,479,000 | 80,976,000 | 81,550,000 | 74,248,000 | 64,620,000 | 62,626,000 | 62,788,000 | 59,534,000 | 51,261,000 | 51,411,000 | 51,496,000 | 125,097,000 | 105,054,000 | 83,000,000 | 74,433,000 | 84,142,000 | 37,114,000 |
operating lease liabilities, less current portion | 4,246,000 | 4,560,000 | 5,109,000 | 5,810,000 | 5,809,000 | 6,318,000 | 7,146,000 | 7,379,000 | 8,054,000 | 8,661,000 | 8,420,000 | 8,991,000 | 9,313,000 | |||||||
contract liabilities, less current portion | 3,196,000 | 3,404,000 | 2,644,000 | 2,666,000 | 2,746,000 | 2,783,000 | 2,744,000 | 2,869,000 | 2,752,000 | 2,731,000 | 2,782,000 | 5,626,000 | 4,606,000 | |||||||
accrued and other liabilities, less current portion | 590,000 | 683,000 | 776,000 | 869,000 | 962,000 | |||||||||||||||
total liabilities | 115,111,000 | 107,496,000 | 107,010,000 | 92,824,000 | 90,493,000 | 90,651,000 | 84,139,000 | 76,112,000 | 74,591,000 | 75,247,000 | 71,893,000 | 66,942,000 | 66,502,000 | 64,360,000 | 137,187,000 | 117,990,000 | 98,519,000 | 86,810,000 | 100,238,000 | 50,608,000 |
stockholders’ equity | ||||||||||||||||||||
class a common stock, 0.0001 par value per share... | 6,000 | 6,000 | 5,000 | 4,000 | 3,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 1,000 | 1,000 | 1,000 |
class b common stock, 0.0001 par value per share... | 6,000 | 6,000 | 7,000 | 8,000 | 9,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 11,000 | 11,000 | 11,000 |
additional paid-in capital | 400,365,000 | 397,954,000 | 395,755,000 | 392,478,000 | 390,944,000 | 389,904,000 | 386,020,000 | 383,276,000 | 380,357,000 | 377,773,000 | 375,094,000 | 372,403,000 | 369,931,000 | 367,767,000 | 365,632,000 | 358,939,000 | 357,306,000 | 356,017,000 | 353,079,000 | 285,164,000 |
accumulated other comprehensive loss | -615,000 | -427,000 | -542,000 | -224,000 | -287,000 | -29,000 | ||||||||||||||
retained earnings | 183,731,000 | 162,850,000 | 142,177,000 | 124,433,000 | 109,726,000 | 95,913,000 | 82,764,000 | 68,334,000 | 58,970,000 | 51,744,000 | 42,342,000 | 35,965,000 | 30,126,000 | 29,422,000 | 28,465,000 | 29,202,000 | 31,653,000 | 29,935,000 | 25,270,000 | 24,848,000 |
total stockholders’ equity | 583,493,000 | 560,389,000 | 537,402,000 | 516,699,000 | 500,395,000 | 485,596,000 | 468,793,000 | 451,627,000 | 439,384,000 | 429,616,000 | 417,448,000 | 408,444,000 | 400,040,000 | 397,179,000 | 394,042,000 | 388,172,000 | 389,094,000 | 386,132,000 | 378,535,000 | 310,192,000 |
total liabilities and stockholders' equity | 698,604,000 | 667,885,000 | 644,412,000 | 609,523,000 | 590,888,000 | 576,247,000 | 552,932,000 | 527,739,000 | 513,975,000 | 504,863,000 | 489,341,000 | 475,386,000 | 466,542,000 | 461,539,000 | 531,229,000 | 506,162,000 | 487,613,000 | 472,942,000 | 478,773,000 | 360,800,000 |
accounts and other receivables, net of allowance for expected credit losses of 452 and 257, respectively | 102,338,000 | |||||||||||||||||||
accounts and other receivables, net of allowance for expected credit losses of 274 and 257, respectively | 104,885,000 | |||||||||||||||||||
deferred tax liability | 2,806,000 | 1,000 | 1,244,000 | 1,159,000 | 1,067,000 | 957,000 | 864,000 | 772,000 | 680,000 | 5,600,000 | 3,318,000 | 6,455,000 | 5,775,000 | |||||||
accounts and other receivables, net of allowance for expected credit losses of 71 and 257, respectively | 96,589,000 | |||||||||||||||||||
accounts and other receivables, net of allowance for expected credit losses of 122 and 257, respectively | 99,985,000 | |||||||||||||||||||
accounts and other receivables, net of allowance for expected credit losses of 257 and 435, respectively | 119,816,000 | |||||||||||||||||||
accrued liabilities | 26,462,000 | 20,299,000 | 16,376,000 | 12,334,000 | 21,301,000 | 18,759,000 | 15,519,000 | 12,288,000 | 15,809,000 | 16,665,000 | 14,564,000 | 12,503,000 | 12,491,000 | 17,381,000 | 12,185,000 | |||||
accumulated other comprehensive income | -233,000 | -3,000 | 5,000 | 45,000 | 87,000 | 64,000 | -22,000 | -67,000 | 19,000 | 123,000 | 168,000 | 174,000 | 168,000 | |||||||
accounts and other receivables, net of allowance for expected credit losses of 354 and 435, respectively | 111,174,000 | |||||||||||||||||||
prepaid expenses and other current assets | 13,804,000 | 9,929,000 | 11,293,000 | 10,505,000 | 11,415,000 | 8,998,000 | 9,082,000 | 9,994,000 | 12,318,000 | 8,611,000 | 7,366,000 | 8,184,000 | 9,737,000 | 7,234,000 | ||||||
other long-term assets | 3,606,000 | 4,053,000 | 4,435,000 | 5,031,000 | 5,365,000 | 5,965,000 | 6,533,000 | 7,178,000 | 7,677,000 | 5,176,000 | 4,707,000 | 4,207,000 | 3,931,000 | 3,463,000 | ||||||
preferred stock, 0.0001 par value per share... | ||||||||||||||||||||
accounts and other receivables, net of allowance for expected credit losses of 449 and 435, respectively | 90,057,000 | |||||||||||||||||||
accounts and other receivables, net of allowance for expected credit losses of 399 and 435, respectively | 84,178,000 | |||||||||||||||||||
accounts and other receivables, net of allowance for expected credit losses of 435 and 370, respectively | 76,389,000 | |||||||||||||||||||
finance leases and other finance obligations, net of current portion | 200,000 | 200,000 | 400,000 | 750,000 | 750,000 | 750,000 | 786,000 | 883,000 | 955,000 | 279,000 | ||||||||||
commitments and contingencies | ||||||||||||||||||||
accounts and other receivables, net of allowance for expected credit losses of 234 and 370, respectively | 74,851,000 | |||||||||||||||||||
accounts and other receivables, net of allowance for expected credit losses of 122 and 370, respectively | 67,179,000 | |||||||||||||||||||
accounts and other receivables, net of allowance for expected credit losses of 117 and 370, respectively | 76,381,000 | |||||||||||||||||||
restricted funds held for financial institutions | 77,601,000 | 59,325,000 | 36,782,000 | 33,443,000 | 38,071,000 | |||||||||||||||
accounts and other receivables, net of allowance of 370 and 102 | 67,789,000 | |||||||||||||||||||
financial institution funds in-transit | 77,601,000 | 59,325,000 | 36,782,000 | 33,443,000 | 38,071,000 | |||||||||||||||
operating lease liabilities | 1,462,000 | 1,389,000 | 1,559,000 | 1,356,000 | 1,456,000 | 1,687,000 | 2,311,000 | |||||||||||||
operating leases, net of current portion | 8,608,000 | 8,703,000 | 9,546,000 | 6,552,000 | 6,463,000 | 6,798,000 | 7,440,000 | |||||||||||||
contract liabilities, net of current portion | 2,826,000 | 2,637,000 | 2,640,000 | 2,581,000 | 1,713,000 | 1,888,000 | ||||||||||||||
accounts and other receivables, net of allowance of 332 and 102 | 62,758,000 | |||||||||||||||||||
accounts and other receivables, net of allowance of 284 and 102 | 52,908,000 | |||||||||||||||||||
accounts and other receivables, net of allowance of 192 and 102 | 51,913,000 | |||||||||||||||||||
accounts and other receivables, net of allowance of 102 and 100 | 43,935,000 | |||||||||||||||||||
series a preferred stock, par value 0.01 per share... | ||||||||||||||||||||
common stock | ||||||||||||||||||||
treasury stock | ||||||||||||||||||||
accounts and other receivables, net of allowance of 96 and 100 | 37,130,000 | |||||||||||||||||||
accounts and other receivables, net of allowance of 95 and 100 | 32,967,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||||||||||
net income | 20,881,000 | 20,673,000 | 17,744,000 | 14,707,000 | 13,813,000 | 13,149,000 | 14,430,000 | 9,364,000 | 7,226,000 | 9,400,000 | 6,377,000 | 5,839,000 | 704,000 | 957,000 | -737,000 | -2,451,000 | 1,718,000 | 4,665,000 | 422,000 |
adjustments to reconcile net income to net cash from operating activities | |||||||||||||||||||
depreciation and amortization | 9,892,000 | 9,567,000 | 10,268,000 | 10,483,000 | 10,740,000 | 9,657,000 | 9,321,000 | 8,969,000 | 8,537,000 | 8,286,000 | 7,772,000 | 7,303,000 | 7,239,000 | 6,545,000 | 6,158,000 | 5,886,000 | 5,474,000 | 4,708,000 | 3,647,000 |
deferred income taxes | -452,000 | -2,993,000 | 5,034,000 | -978,000 | -1,013,000 | -16,000 | -1,510,000 | 85,000 | 92,000 | 135,000 | 91,000 | 95,000 | 92,000 | 350,000 | -9,000 | -4,728,000 | 1,406,000 | -3,351,000 | 278,000 |
stock-based compensation | 5,694,000 | 5,698,000 | 5,159,000 | 4,728,000 | 3,042,000 | 1,566,000 | 3,168,000 | 3,323,000 | 2,933,000 | 2,499,000 | 2,456,000 | 2,276,000 | 2,159,000 | 2,114,000 | 2,002,000 | 1,344,000 | 1,276,000 | 1,251,000 | 754,000 |
amortization of capitalized warrants cost | 285,000 | 571,000 | 572,000 | 565,000 | 559,000 | ||||||||||||||
non-cash lease expense | 604,000 | 596,000 | 600,000 | 585,000 | 573,000 | 583,000 | 608,000 | 692,000 | 506,000 | 443,000 | 442,000 | 442,000 | 462,000 | 432,000 | 583,000 | 365,000 | 755,000 | 366,000 | 483,000 |
amortization of capitalized contract acquisition cost | 731,000 | 726,000 | 511,000 | 455,000 | 418,000 | ||||||||||||||
provision for expected credit losses | 160,000 | 215,000 | -44,000 | 110,000 | 48,000 | 210,000 | 112,000 | 5,000 | -239,000 | ||||||||||
change in operating assets and liabilities | |||||||||||||||||||
accounts and other receivables | -15,148,000 | 2,334,000 | -5,413,000 | 1,834,000 | 18,386,000 | -12,004,000 | -21,068,000 | -5,999,000 | -7,850,000 | -1,731,000 | -7,806,000 | 9,198,000 | -8,333,000 | -5,144,000 | -9,938,000 | -1,123,000 | -8,082,000 | -6,922,000 | -2,870,000 |
prepaid expenses and other assets | 371,000 | 1,093,000 | -8,499,000 | 1,363,000 | -377,000 | ||||||||||||||
accounts payable | 9,504,000 | 46,000 | 11,418,000 | -3,175,000 | 5,691,000 | -524,000 | 6,399,000 | 2,157,000 | 5,793,000 | 1,738,000 | 2,929,000 | -1,947,000 | 3,297,000 | 1,791,000 | -230,000 | -1,711,000 | 4,916,000 | -462,000 | 4,301,000 |
accrued and other liabilities | -11,262,000 | 1,802,000 | 2,308,000 | 4,699,000 | -7,120,000 | ||||||||||||||
operating lease liabilities | -647,000 | -633,000 | -636,000 | -621,000 | -604,000 | -597,000 | -583,000 | -627,000 | -446,000 | -453,000 | -448,000 | -447,000 | -469,000 | -434,000 | -456,000 | -172,000 | -770,000 | -372,000 | -498,000 |
contract liabilities | 1,338,000 | 457,000 | 5,000 | 315,000 | 401,000 | 786,000 | -830,000 | -1,081,000 | 28,000 | -1,593,000 | -625,000 | -204,000 | 2,061,000 | 3,219,000 | 5,000 | 132,000 | -57,000 | 91,000 | 82,000 |
income taxes receivable, net of payable | 8,501,000 | 4,979,000 | -1,010,000 | -5,079,000 | 4,492,000 | 1,178,000 | -3,091,000 | -4,353,000 | 3,008,000 | 1,992,000 | 384,000 | -400,000 | -1,018,000 | 1,059,000 | 281,000 | 4,855,000 | -4,651,000 | -1,176,000 | -923,000 |
net cash from operating activities | 30,452,000 | 45,131,000 | 35,076,000 | 31,479,000 | 50,441,000 | 27,913,000 | 6,737,000 | 18,030,000 | 10,954,000 | 24,441,000 | 13,143,000 | 26,481,000 | 4,763,000 | 14,724,000 | -1,949,000 | 3,844,000 | 3,248,000 | 136,000 | 6,600,000 |
capital expenditures | -9,541,000 | -9,405,000 | -9,351,000 | -9,004,000 | -9,338,000 | -8,962,000 | -8,948,000 | -9,274,000 | -9,392,000 | -8,449,000 | -158,000 | -286,000 | -8,286,000 | -7,600,000 | -8,161,000 | -7,998,000 | -7,261,000 | -5,981,000 | -4,998,000 |
free cash flows | 20,911,000 | 35,726,000 | 25,725,000 | 22,475,000 | 41,103,000 | 18,951,000 | -2,211,000 | 8,756,000 | 1,562,000 | 15,992,000 | 12,985,000 | 26,195,000 | -3,523,000 | 7,124,000 | -10,110,000 | -4,154,000 | -4,013,000 | -5,845,000 | 1,602,000 |
cash flows from investing activities | |||||||||||||||||||
purchases of property and equipment | -80,000 | -82,000 | -103,000 | -116,000 | -60,000 | -81,000 | -72,000 | -188,000 | -116,000 | -89,000 | -158,000 | -286,000 | -67,000 | -94,000 | -368,000 | -265,000 | -530,000 | -154,000 | -261,000 |
purchases of interest-bearing deposits | -767,000 | -889,000 | -720,000 | ||||||||||||||||
proceeds from matured interest-bearing deposits | 865,000 | 1,555,000 | 0 | 496,000 | 1,051,000 | 940,000 | 1,376,000 | 588,000 | 602,000 | ||||||||||
capitalized internal-use software development costs | -9,461,000 | -9,323,000 | -9,248,000 | -8,888,000 | -9,278,000 | -8,881,000 | -8,876,000 | -9,086,000 | -9,276,000 | -8,360,000 | -8,219,000 | -7,506,000 | -7,793,000 | -7,733,000 | -6,731,000 | -5,827,000 | -4,737,000 | ||
net cash from investing activities | -9,443,000 | -8,739,000 | -10,071,000 | -9,421,000 | -8,287,000 | -9,144,000 | -8,828,000 | -9,276,000 | -9,513,000 | -8,449,000 | -8,886,000 | -8,678,000 | -8,286,000 | -10,892,000 | -8,286,000 | -8,098,000 | -7,284,000 | -6,391,000 | -62,118,000 |
cash flows from financing activities | |||||||||||||||||||
proceeds from exercise of stock-based awards | 3,000 | 65,000 | 6,000 | 40,000 | 51,000 | 182,000 | 19,000 | 37,000 | 100,000 | 181,000 | 234,000 | 196,000 | 5,000 | 21,000 | |||||
payments of taxes withheld on net settled vesting of restricted stock units | -3,286,000 | -3,564,000 | -3,411,000 | -1,821,000 | -1,943,000 | ||||||||||||||
net cash from financing activities | -3,283,000 | -3,499,000 | -3,405,000 | -1,781,000 | -1,892,000 | 182,000 | -20,000 | 37,000 | -406,000 | 181,000 | 234,000 | -488,000 | -1,122,000 | -80,223,000 | 18,722,000 | 21,855,000 | 2,363,000 | -7,461,000 | 4,724,000 |
effect of exchange rate changes on cash and cash equivalents and restricted cash | -136,000 | 171,000 | -171,000 | 120,000 | -25,000 | -325,000 | 16,000 | -63,000 | -78,000 | 130,000 | -67,000 | 130,000 | -17,000 | ||||||
net increase in cash, cash equivalents and restricted cash | 17,590,000 | 33,064,000 | 21,429,000 | 20,397,000 | 40,237,000 | 18,626,000 | -2,095,000 | 8,728,000 | 957,000 | 16,303,000 | 4,424,000 | -76,230,000 | 8,255,000 | 17,494,000 | -1,663,000 | -13,748,000 | |||
cash and cash equivalents and restricted cash at the beginning of period | 324,538,000 | 0 | 0 | 0 | 209,411,000 | 0 | 0 | 0 | 183,195,000 | ||||||||||
cash and cash equivalents and restricted cash at the end of period | 342,128,000 | 33,064,000 | 21,429,000 | 20,397,000 | 249,648,000 | 18,626,000 | -2,095,000 | 8,728,000 | 184,152,000 | ||||||||||
reconciliation of cash and cash equivalents and restricted cash: | |||||||||||||||||||
cash and cash equivalents at the beginning of period | 320,908,000 | 0 | 0 | 0 | 205,900,000 | 0 | 0 | 0 | 179,361,000 | ||||||||||
restricted cash at the beginning of period | 3,630,000 | 0 | 0 | 0 | 3,511,000 | 0 | 0 | 0 | 3,834,000 | ||||||||||
cash and cash equivalents at the end of period | 338,780,000 | 33,000,000 | 21,486,000 | 20,573,000 | 245,849,000 | 18,358,000 | -1,268,000 | 8,672,000 | 180,138,000 | ||||||||||
restricted cash at the end of period | 3,348,000 | 64,000 | -57,000 | -176,000 | 3,799,000 | 268,000 | -827,000 | 56,000 | 4,014,000 | ||||||||||
supplemental disclosure of cash flow information: | |||||||||||||||||||
cash paid for income taxes, net of refunds | 141,000 | 3,875,000 | 819,000 | 9,748,000 | 508,000 | 4,673,000 | 7,312,000 | 434,000 | 449,000 | 653,000 | 616,000 | 251,000 | 237,000 | 11,000 | 173,000 | 179,000 | 1,358,000 | ||
non-cash investing activities: | |||||||||||||||||||
right-of-use assets obtained in exchange of operating lease obligations | 475,000 | 0 | 370,000 | -1,000 | 97,000 | 0 | 0 | 1,356,000 | |||||||||||
other non-cash adjustments | 0 | 0 | |||||||||||||||||
settlement of holdback liability related to prior acquisitions | 0 | -39,000 | 0 | -506,000 | |||||||||||||||
payments on other financing obligations | 0 | 0 | -684,000 | -1,025,000 | -2,576,000 | -655,000 | -916,000 | -915,000 | -3,080,000 | -715,000 | |||||||||
payments on finance leases | 0 | 0 | 0 | -102,000 | -67,000 | -66,000 | -61,000 | -74,000 | -68,000 | -68,000 | |||||||||
non-cash financing activities: | |||||||||||||||||||
issuance of warrant and change in estimate of warrants expected to vest | 0 | ||||||||||||||||||
provision for expected credit losses and credit adjustments | 1,598,000 | 1,440,000 | |||||||||||||||||
unpaid capitalized internal-use software development costs and equipment in accounts payable | 102,000 | ||||||||||||||||||
accrued liabilities | 7,356,000 | 3,921,000 | 4,048,000 | -8,166,000 | 2,100,000 | 3,297,000 | 3,640,000 | -2,749,000 | 1,010,000 | -225,000 | 1,753,000 | 862,000 | -193,000 | -394,000 | |||||
business combinations, net of cash and restricted cash acquired | -280,000 | ||||||||||||||||||
other intangible assets acquired | -32,000 | -125,000 | -100,000 | -23,000 | |||||||||||||||
financial institution funds in-transit | -77,601,000 | 18,276,000 | 22,543,000 | 3,339,000 | -4,628,000 | ||||||||||||||
restricted funds held for financial institutions at the beginning of period | |||||||||||||||||||
amortization of contract asset | 514,000 | 430,000 | 451,000 | 802,000 | 756,000 | 745,000 | 696,000 | 711,000 | 529,000 | 351,000 | 467,000 | 246,000 | 246,000 | ||||||
prepaid expenses and other current and long-term assets | -4,498,000 | 912,000 | -993,000 | 613,000 | -2,594,000 | -64,000 | 861,000 | 2,065,000 | 56,000 | -749,000 | -161,000 | 1,179,000 | 1,072,000 | ||||||
purchase of interest-bearing deposits | -1,256,000 | -590,000 | -723,000 | ||||||||||||||||
other non-recurring income | -213,000 | ||||||||||||||||||
property and equipment purchases in accounts payable | 87,000 | 3,000 | -106,000 | 119,000 | -40,000 | 123,000 | 121,000 | ||||||||||||
software purchases in accounts payable | 16,000 | ||||||||||||||||||
proceeds from initial public offering, net of underwriter's discounts and commissions | 0 | 0 | |||||||||||||||||
proceeds from private placement | 0 | 0 | |||||||||||||||||
redemption of series a preferred stock | 0 | 0 | |||||||||||||||||
payment of dividends on series a preferred stock | 0 | 0 | |||||||||||||||||
proceeds from repayment of related party loan | 0 | 0 | |||||||||||||||||
payments of deferred offering costs | 0 | -1,105,000 | |||||||||||||||||
cash and cash equivalents and restricted cash beginning of period | 0 | 0 | 0 | 149,685,000 | |||||||||||||||
cash and cash equivalents and restricted cash end of period | 16,303,000 | 4,424,000 | 17,445,000 | 145,023,000 | |||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 0 | 147,334,000 | |||||||||||||||
restricted cash at beginning of period | 0 | 0 | 0 | 2,351,000 | |||||||||||||||
restricted funds held for financial institutions at beginning of period | |||||||||||||||||||
cash and cash equivalents and restricted cash at beginning of period | 0 | 0 | 0 | 149,685,000 | |||||||||||||||
cash and cash equivalents at end of period | 17,299,000 | 2,994,000 | 15,431,000 | 143,637,000 | |||||||||||||||
restricted cash at end of period | -996,000 | 1,430,000 | 2,014,000 | 1,386,000 | |||||||||||||||
restricted funds held for financial institutions at end of period | |||||||||||||||||||
cash and cash equivalents and restricted cash at end of period | 16,303,000 | 4,424,000 | 17,445,000 | 145,023,000 | |||||||||||||||
prepaid insurance funded through short-term borrowings | 200,000 | 3,076,000 | 0 | 3,621,000 | |||||||||||||||
capitalized software development costs | |||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -4,662,000 | ||||||||||||||||||
provision for credit losses | 49,000 | 32,000 | 92,000 | 95,000 | |||||||||||||||
foreign currency effect on cash, cash equivalents and restricted cash | 161,000 | -232,000 | -107,000 | 10,000 | -32,000 | ||||||||||||||
cash, cash equivalents and restricted cash | |||||||||||||||||||
beginning of period | 0 | 0 | 0 | 201,829,000 | 0 | 0 | |||||||||||||
end of period | -76,230,000 | 8,255,000 | 17,494,000 | 200,166,000 | -13,748,000 | -50,813,000 | |||||||||||||
fair value of class a common stock issued for acquisitions | 1,372,000 | ||||||||||||||||||
business acquisition liability in accrued liabilities and finance leases and other finance obligations, net of current portion | -1,373,000 | ||||||||||||||||||
property and equipment acquired through finance lease liabilities | |||||||||||||||||||
intangibles acquired through other financing obligations | |||||||||||||||||||
proceeds from exercise of stock options | 289,000 | 13,000 | |||||||||||||||||
issuance of warrant | 0 | 304,000 | |||||||||||||||||
unpaid deferred offering costs | |||||||||||||||||||
change in operating assets and liabilities, net of impact of business combination | |||||||||||||||||||
proceeds from issuance of common shares | |||||||||||||||||||
proceeds from issuance of series a preferred shares | |||||||||||||||||||
payment on debt assumed in acquisitions | |||||||||||||||||||
foreign currency effect on cash and cash equivalents | |||||||||||||||||||
net increase in cash and cash equivalents | |||||||||||||||||||
cash and cash equivalents | |||||||||||||||||||
property and equipment purchases in accounts payable and other payables |