Progyny, Inc(NASDAQ:PGNY) 
Progyny, Inc., a benefits management company, specializes in fertility and family building benefits solutions for employers in the United States. Its fertility benefits solution includes differentiated benefits plan design, personalized concierge-style member support services, and selective network ...
Website: https://www.progyny.com/
Founded: 2008
Full Time Employees: 167
CEO: David J. Schlanger
Sector: Healthcare
Industry: Health Information Services
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income 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 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 328,504,000 | 318,403,000 | 313,346,000 | 332,874,000 | 324,038,000 | 298,431,000 | 286,625,000 | 304,087,000 | 278,078,000 | 269,940,000 | 280,891,000 | 279,373,000 | 258,394,000 | 214,321,000 | 205,371,000 | 195,004,000 | 172,217,000 | 127,553,000 | 122,284,000 | 128,651,000 | 122,133,000 | 100,301,000 | 98,928,000 | 64,605,000 | 81,024,000 | 65,122,000 | 61,196,000 |
yoy | 1.38% | 6.69% | 9.32% | 9.47% | 16.53% | 10.55% | 2.04% | 8.85% | 7.62% | 25.95% | 36.77% | 43.27% | 50.04% | 68.03% | 67.95% | 51.58% | 41.01% | 27.17% | 23.61% | 99.13% | 50.74% | 54.02% | 61.66% | ||||
qoq | 3.17% | 1.61% | -5.87% | 2.73% | 8.58% | 4.12% | -5.74% | 9.35% | 3.01% | -3.90% | 0.54% | 8.12% | 20.56% | 4.36% | 5.32% | 13.23% | 35.02% | 4.31% | -4.95% | 5.34% | 21.77% | 1.39% | 53.13% | -20.26% | 24.42% | 6.42% | |
cost of services | 245,433,000 | 241,522,000 | 240,511,000 | 253,901,000 | 248,243,000 | 234,999,000 | 227,381,000 | 235,806,000 | 215,672,000 | 213,046,000 | 218,267,000 | 218,732,000 | 199,754,000 | 169,827,000 | 159,376,000 | 151,117,000 | 139,268,000 | 102,438,000 | 93,792,000 | 99,030,000 | 93,226,000 | 79,635,000 | 78,092,000 | 52,650,000 | 64,422,000 | 53,353,000 | 48,876,000 |
gross profit | 83,071,000 | 76,881,000 | 72,835,000 | 78,973,000 | 75,795,000 | 63,432,000 | 59,244,000 | 68,281,000 | 62,406,000 | 56,894,000 | 62,624,000 | 60,641,000 | 58,640,000 | 44,494,000 | 45,995,000 | 43,887,000 | 32,949,000 | 25,115,000 | 28,492,000 | 29,621,000 | 28,907,000 | 20,666,000 | 20,836,000 | 11,955,000 | 16,602,000 | 11,769,000 | 12,320,000 |
yoy | 9.60% | 21.20% | 22.94% | 15.66% | 21.45% | 11.49% | -5.40% | 12.60% | 6.42% | 27.87% | 36.15% | 38.18% | 77.97% | 77.16% | 61.43% | 48.16% | 13.98% | 21.53% | 36.74% | 147.77% | 74.12% | 75.60% | 69.12% | ||||
qoq | 8.05% | 5.56% | -7.77% | 4.19% | 19.49% | 7.07% | -13.24% | 9.41% | 9.69% | -9.15% | 3.27% | 3.41% | 31.79% | -3.26% | 4.80% | 33.20% | 31.19% | -11.85% | -3.81% | 2.47% | 39.88% | -0.82% | 74.29% | -27.99% | 41.07% | -4.47% | |
gross margin % | 25.29% | 24.15% | 23.24% | 23.72% | 23.39% | 21.26% | 20.67% | 22.45% | 22.44% | 21.08% | 22.29% | 21.71% | 22.69% | 20.76% | 22.40% | 22.51% | 19.13% | 19.69% | 23.30% | 23.02% | 23.67% | 20.60% | 21.06% | 18.50% | 20.49% | 18.07% | 20.13% |
operating expenses: | |||||||||||||||||||||||||||
sales and marketing | 16,884,000 | 17,987,000 | 17,935,000 | 18,405,000 | 17,786,000 | 15,616,000 | 16,457,000 | 16,421,000 | 15,454,000 | 14,911,000 | 14,911,000 | 15,384,000 | 14,282,000 | 12,980,000 | 11,166,000 | 11,496,000 | 10,015,000 | 7,696,000 | 4,441,000 | 4,028,000 | 4,014,000 | 4,776,000 | 3,355,000 | 3,608,000 | 3,267,000 | 3,255,000 | 3,183,000 |
general and administrative | 30,808,000 | 43,672,000 | 33,373,000 | 36,210,000 | 33,839,000 | 32,029,000 | 30,329,000 | 31,173,000 | 28,429,000 | 28,183,000 | 29,524,000 | 30,073,000 | 29,347,000 | 28,208,000 | 23,574,000 | 23,553,000 | 22,992,000 | 17,607,000 | 14,986,000 | 13,937,000 | 13,086,000 | 14,942,000 | 12,120,000 | 10,167,000 | 9,476,000 | 7,370,000 | 6,068,000 |
total operating expenses | 47,692,000 | 61,659,000 | 51,308,000 | 54,615,000 | 51,625,000 | 47,645,000 | 46,786,000 | 47,594,000 | 43,883,000 | 43,094,000 | 44,435,000 | 45,457,000 | 43,629,000 | 41,188,000 | 34,740,000 | 35,049,000 | 33,007,000 | 25,303,000 | 19,427,000 | 17,965,000 | 17,100,000 | 19,718,000 | 15,475,000 | 13,775,000 | 12,743,000 | 10,625,000 | 9,251,000 |
income from operations | 35,379,000 | 15,222,000 | 21,527,000 | 24,358,000 | 24,170,000 | 15,787,000 | 12,458,000 | 20,687,000 | 18,523,000 | 13,800,000 | 18,189,000 | 15,184,000 | 15,011,000 | 3,306,000 | 11,255,000 | 8,838,000 | -58,000 | -188,000 | 9,065,000 | 11,656,000 | 11,807,000 | 948,000 | 5,361,000 | -1,820,000 | 3,859,000 | ||
yoy | 46.38% | -3.58% | 72.80% | 17.75% | 30.49% | 14.40% | -31.51% | 36.24% | 23.40% | 317.42% | 61.61% | 71.80% | -25981.03% | -1858.51% | 24.16% | -24.18% | -100.49% | -119.83% | 69.09% | -740.44% | 205.96% | ||||||
qoq | 132.42% | -29.29% | -11.62% | 0.78% | 53.10% | 26.72% | -39.78% | 11.68% | 34.22% | -24.13% | 19.79% | 1.15% | 354.05% | -70.63% | 27.35% | -15337.93% | -69.15% | -102.07% | -22.23% | -1.28% | 1145.46% | -82.32% | -394.56% | -147.16% | |||
operating margin % | 10.77% | 4.78% | 6.87% | 7.32% | 7.46% | 5.29% | 4.35% | 6.80% | 6.66% | 5.11% | 6.48% | 5.44% | 5.81% | 1.54% | 5.48% | 4.53% | -0.03% | -0.15% | 7.41% | 9.06% | 9.67% | 0.95% | 5.42% | -2.82% | 4.76% | 0% | 0% |
interest and other income | 1,504,000 | 2,632,000 | 2,437,000 | 2,719,000 | 2,367,000 | 1,871,000 | 5,504,000 | ||||||||||||||||||||
income before income taxes | 36,883,000 | 17,854,000 | 23,964,000 | 27,077,000 | 26,537,000 | 17,658,000 | 17,962,000 | 25,067,000 | 22,515,000 | 16,262,000 | 20,931,000 | 17,167,000 | 16,331,000 | 4,141,000 | 11,539,000 | 8,903,000 | -142,000 | -398,000 | 9,117,000 | 11,920,000 | 11,796,000 | 963,000 | 5,355,000 | -1,812,000 | 4,173,000 | ||
provision for income taxes | 12,651,000 | 5,369,000 | 10,100,000 | 9,965,000 | 11,478,000 | 7,126,000 | 7,541,000 | 8,582,000 | 5,617,000 | 29,000 | 116,000 | ||||||||||||||||
net income | 24,232,000 | 12,485,000 | 13,864,000 | 17,112,000 | 15,059,000 | 10,532,000 | 10,421,000 | 16,485,000 | 16,898,000 | 13,470,000 | 15,898,000 | 14,991,000 | 17,678,000 | 3,408,000 | 13,211,000 | 8,768,000 | 4,971,000 | 15,080,000 | 16,796,000 | 18,727,000 | 15,166,000 | 38,859,000 | 5,355,000 | -1,812,000 | 4,057,000 | ||
yoy | 60.91% | 18.54% | 33.04% | 3.80% | -10.88% | -21.81% | -34.45% | 9.97% | -4.41% | 295.25% | 20.34% | 70.97% | 255.62% | -77.40% | -21.34% | -53.18% | -67.22% | -61.19% | 213.65% | -1133.50% | 273.82% | ||||||
qoq | 94.09% | -9.95% | -18.98% | 13.63% | 42.98% | 1.07% | -36.78% | -2.44% | 25.45% | -15.27% | 6.05% | -15.20% | 418.72% | -74.20% | 50.67% | 76.38% | -67.04% | -10.22% | -10.31% | 23.48% | -60.97% | 625.66% | -395.53% | -144.66% | |||
net income margin % | 7.38% | 3.92% | 4.42% | 5.14% | 4.65% | 3.53% | 3.64% | 5.42% | 6.08% | 4.99% | 5.66% | 5.37% | 6.84% | 1.59% | 6.43% | 4.50% | 2.89% | 11.82% | 13.74% | 14.56% | 12.42% | 38.74% | 5.41% | -2.80% | 5.01% | 0% | 0% |
net income per share | |||||||||||||||||||||||||||
basic | 0.3 | 0.14 | 0.16 | 0.2 | 0.18 | 0.11 | 0.12 | 0.18 | 0.18 | 0.14 | 0.17 | 0.16 | 0.19 | 0.04 | 0.14 | 0.1 | 0.05 | 0.17 | 0.19 | 0.21 | 0.17 | 0.023 | 0.06 | -0.02 | 0.05 | ||
diluted | 0.29 | 0.14 | 0.15 | 0.19 | 0.17 | 0.11 | 0.11 | 0.17 | 0.17 | 0.14 | 0.16 | 0.15 | 0.18 | 0.03 | 0.13 | 0.09 | 0.05 | 0.15 | 0.17 | 0.19 | 0.15 | 0.02 | 0.05 | -0.02 | 0.04 | ||
weighted-average shares used for eps calculation | |||||||||||||||||||||||||||
basic | 80,920,993 | 85,651,721 | 86,017,342 | 85,766,254 | 85,499,153 | 91,481,995 | 90,067,675 | 93,868,409 | 96,484,657 | 95,021,175 | 95,502,250 | 94,738,651 | 93,832,873 | 92,195,068 | 92,316,022 | 91,964,978 | 91,410,368 | 89,105,562 | 89,571,226 | 88,165,158 | 87,404,287 | 85,722,670 | 86,265,297 | 85,281,151 | 84,537,538 | ||
diluted | 84,755,262 | 89,861,843 | 90,226,278 | 89,638,677 | 89,307,934 | 95,448,357 | 93,821,812 | 97,839,576 | 101,052,933 | 100,672,399 | 100,879,576 | 100,615,919 | 100,166,008 | 99,957,173 | 99,819,801 | 99,672,769 | 99,935,735 | 100,358,047 | 100,370,331 | 99,808,085 | 100,106,497 | 99,055,526 | 98,969,588 | 85,281,151 | 99,665,158 | ||
other income, net: | |||||||||||||||||||||||||||
other income | 3,564,000 | 3,360,000 | 1,720,000 | 1,708,000 | 1,277,000 | 498,000 | 275,000 | 82,000 | 25,000 | -96,000 | -293,000 | -92,000 | 12,000 | 7,000 | 32,000 | 11,000 | 3,000 | 164,000 | |||||||||
interest income | 816,000 | 632,000 | 742,000 | 1,034,000 | 706,000 | 822,000 | 560,000 | 202,000 | 40,000 | 12,000 | 83,000 | 144,000 | 252,000 | -18,000 | -17,000 | -17,000 | 5,000 | 150,000 | |||||||||
total other income | 4,380,000 | 3,992,000 | 2,462,000 | 2,742,000 | 1,983,000 | 1,320,000 | 835,000 | 284,000 | 65,000 | -210,000 | 52,000 | 264,000 | -11,000 | 15,000 | 8,000 | 314,000 | |||||||||||
benefit for income taxes | -1,465,500 | -5,033,000 | -2,176,000 | 1,347,000 | -733,000 | 1,672,000 | -135,000 | 5,113,000 | 15,478,000 | 7,679,000 | 6,807,000 | 3,370,000 | 77,000 | -25,000 | |||||||||||||
other income: | |||||||||||||||||||||||||||
total other expense | -84,000 | -5,621,000 | -11,254,000 | ||||||||||||||||||||||||
net income attributable to common stockholders | 15,166,000 | -1,812,000 | 4,057,000 | ||||||||||||||||||||||||
convertible preferred stock warrant valuation adjustment | -5,757,000 | -11,226,000 | |||||||||||||||||||||||||
income from continuing operations | 1,144,000 | 3,069,000 | |||||||||||||||||||||||||
other expense: | |||||||||||||||||||||||||||
interest expense | 136,000 | -28,000 | |||||||||||||||||||||||||
loss from continuing operations, before tax | -4,477,000 | -8,185,000 | |||||||||||||||||||||||||
net income from continuing operations | -4,400,000 | -8,210,000 | |||||||||||||||||||||||||
net income from discontinued operations, net of taxes | |||||||||||||||||||||||||||
net loss and comprehensive income | -1,042,250 | -8,210,000 | |||||||||||||||||||||||||
net loss attributable to common stockholders | -4,400,000 | -8,210,000 | |||||||||||||||||||||||||
net earnings per share attributable to common stockholders: | |||||||||||||||||||||||||||
basic and diluted | |||||||||||||||||||||||||||
continuing operations | 0.29 | -1.1 | |||||||||||||||||||||||||
discontinued operations | |||||||||||||||||||||||||||
total net earnings per share attributable to common stockholders basic and diluted | -0.175 | -1.1 | |||||||||||||||||||||||||
weighted-average shares used for eps calculation | |||||||||||||||||||||||||||
basic and diluted | 20,735,202 | 7,472,469 |
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 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||
cash and cash equivalents | 131,607,000 | 112,238,000 | 133,982,000 | 132,506,000 | 109,239,000 | 162,314,000 | 91,480,000 | 94,960,000 | 114,959,000 | 97,296,000 | 158,075,000 | 170,570,000 | 155,320,000 | 120,078,000 | 72,520,000 | 54,730,000 | 38,821,000 | 91,413,000 | 92,224,000 | 48,747,000 | 29,820,000 | 70,305,000 | 53,965,000 | 49,392,000 | 91,634,000 | 80,382,000 | 7,664,000 |
marketable securities | 93,504,000 | 197,858,000 | 211,225,000 | 172,586,000 | 146,884,000 | 65,640,000 | 144,240,000 | 167,228,000 | 256,872,000 | 273,791,000 | 177,477,000 | 111,925,000 | 52,569,000 | 69,222,000 | 68,473,000 | 67,655,000 | 66,855,000 | 28,005,000 | 22,086,000 | 45,221,000 | 77,095,000 | 38,994,000 | 50,995,000 | 41,984,000 | |||
accounts receivable, net of 56,300 and 55,659 of allowances at march 31, 2026 and december 31, 2025, respectively | 263,613,000 | ||||||||||||||||||||||||||
prepaid expenses and other current assets | 12,827,000 | 21,392,000 | 24,304,000 | 17,457,000 | 11,826,000 | 9,443,000 | 29,858,000 | 26,259,000 | 12,472,000 | 27,451,000 | 6,954,000 | 13,677,000 | 5,945,000 | 4,489,000 | 2,838,000 | 4,129,000 | 5,230,000 | 4,564,000 | 4,933,000 | 3,756,000 | 4,218,000 | 5,259,000 | 1,328,000 | 3,333,000 | 4,442,000 | 5,003,000 | 1,337,000 |
total current assets | 501,551,000 | 551,775,000 | 622,013,000 | 594,402,000 | 567,692,000 | 472,721,000 | 546,302,000 | 582,243,000 | 681,512,000 | 640,407,000 | 611,272,000 | 561,130,000 | 527,079,000 | 433,856,000 | 401,866,000 | 356,378,000 | 309,026,000 | 258,539,000 | 254,424,000 | 238,491,000 | 227,799,000 | 190,222,000 | 184,590,000 | 159,705,000 | 161,938,000 | 132,444,000 | 53,338,000 |
property and equipment | 35,709,000 | 29,927,000 | 24,742,000 | 19,943,000 | 15,740,000 | 12,383,000 | 11,928,000 | 10,637,000 | 10,234,000 | 10,213,000 | 9,716,000 | 9,497,000 | 8,883,000 | 8,371,000 | 7,201,000 | 6,276,000 | 5,827,000 | 5,027,000 | 4,702,000 | 3,931,000 | 3,583,000 | 3,400,000 | 3,506,000 | 3,604,000 | 3,673,000 | 3,083,000 | 973,000 |
operating lease right-of-use assets | 24,275,000 | 24,990,000 | 25,680,000 | 26,423,000 | 26,949,000 | 17,251,000 | 17,439,000 | 17,806,000 | 17,181,000 | 17,605,000 | 18,028,000 | 18,451,000 | 18,872,000 | 6,903,000 | 7,132,000 | 7,359,000 | 7,583,000 | 7,805,000 | 8,024,000 | 8,241,000 | 8,456,000 | 8,668,000 | |||||
goodwill | 19,879,000 | 19,978,000 | 19,964,000 | 19,963,000 | 19,651,000 | 15,534,000 | 15,796,000 | 15,606,000 | 11,880,000 | 11,880,000 | 11,880,000 | 11,880,000 | 11,880,000 | 11,880,000 | 11,880,000 | 11,880,000 | 11,880,000 | 11,880,000 | 11,880,000 | 11,880,000 | 11,880,000 | 11,880,000 | 11,880,000 | 11,880,000 | 11,880,000 | 11,880,000 | 11,880,000 |
intangible assets | 5,971,000 | 6,216,000 | 6,428,000 | 6,644,000 | 6,753,000 | 1,303,000 | 1,448,000 | 1,479,000 | 99,000 | 223,000 | 348,000 | 473,000 | 599,000 | 723,000 | 848,000 | 973,000 | 1,213,000 | 1,483,000 | 1,754,000 | 2,025,000 | 2,375,000 | 2,746,000 | |||||
deferred tax assets | 93,080,000 | 93,013,000 | 84,873,000 | 84,942,000 | 84,948,000 | 84,933,000 | 63,757,000 | 67,881,000 | 70,269,000 | 73,120,000 | 72,027,000 | 77,065,000 | 79,237,000 | 77,889,000 | 78,016,000 | 76,344,000 | 76,429,000 | 71,274,000 | 55,828,000 | 48,148,000 | 41,341,000 | 37,971,000 | |||||
other noncurrent assets | 17,872,000 | 16,536,000 | 11,527,000 | 8,633,000 | 8,552,000 | 2,977,000 | 3,302,000 | 2,980,000 | 3,228,000 | 3,395,000 | 3,589,000 | 3,514,000 | 3,773,000 | 3,988,000 | 4,126,000 | 4,291,000 | 4,307,000 | 2,941,000 | 1,101,000 | 536,000 | 556,000 | 573,000 | 592,000 | 611,000 | |||
total assets | 698,337,000 | 742,435,000 | 795,227,000 | 760,950,000 | 730,285,000 | 607,102,000 | 659,972,000 | 698,632,000 | 794,304,000 | 756,620,000 | 726,512,000 | 681,537,000 | 649,724,000 | 542,986,000 | 510,444,000 | 462,876,000 | 415,525,000 | 358,065,000 | 336,682,000 | 312,075,000 | 294,588,000 | 253,927,000 | 202,051,000 | 177,554,000 | 180,145,000 | 150,434,000 | 72,551,000 |
liabilities and stockholders’ equity | |||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||
accounts payable | 157,826,000 | 124,071,000 | 123,089,000 | 140,517,000 | 145,713,000 | 95,097,000 | 130,463,000 | 151,747,000 | 130,171,000 | 125,426,000 | 132,040,000 | 130,160,000 | 145,623,000 | 109,287,000 | 104,163,000 | 92,655,000 | 84,677,000 | 61,399,000 | 55,425,000 | 54,678,000 | 57,306,000 | 43,514,000 | 42,210,000 | 31,935,000 | 39,438,000 | 19,388,000 | 23,485,000 |
accrued expenses and other current liabilities | 77,916,000 | 78,320,000 | 87,404,000 | 79,906,000 | 91,415,000 | 73,530,000 | 78,008,000 | 73,628,000 | 75,748,000 | 60,524,000 | 61,379,000 | 63,740,000 | 61,244,000 | 50,249,000 | 52,705,000 | 52,242,000 | 44,040,000 | 37,425,000 | 49,059,000 | 44,107,000 | 43,692,000 | 34,272,000 | 31,956,000 | 25,733,000 | 19,618,000 | 16,775,000 | 17,071,000 |
total current liabilities | 235,742,000 | 202,391,000 | 210,493,000 | 220,423,000 | 237,128,000 | 168,627,000 | 208,471,000 | 225,375,000 | 205,919,000 | 185,950,000 | 193,419,000 | 193,900,000 | 206,867,000 | 159,536,000 | 156,868,000 | 144,897,000 | 128,717,000 | 98,824,000 | 104,484,000 | 98,785,000 | 100,998,000 | 77,786,000 | 74,166,000 | 57,668,000 | 59,056,000 | 36,163,000 | 57,564,000 |
operating lease noncurrent liabilities | 23,251,000 | 24,000,000 | 24,730,000 | 25,505,000 | 25,998,000 | 16,413,000 | 16,625,000 | 17,064,000 | 16,781,000 | 17,241,000 | 17,700,000 | 18,138,000 | 18,456,000 | 6,482,000 | 6,720,000 | 6,955,000 | 7,189,000 | 7,419,000 | 7,647,000 | 7,873,000 | 8,096,000 | 8,318,000 | |||||
total liabilities | 258,993,000 | 226,391,000 | 235,223,000 | 245,928,000 | 263,126,000 | 185,040,000 | 225,096,000 | 242,439,000 | 222,700,000 | 203,191,000 | 211,119,000 | 212,038,000 | 225,323,000 | 166,018,000 | 163,588,000 | 151,852,000 | 135,906,000 | 106,243,000 | 112,569,000 | 107,534,000 | 109,970,000 | 86,980,000 | 74,783,000 | 57,995,000 | 59,056,000 | 36,163,000 | 57,564,000 |
commitments and contingencies | |||||||||||||||||||||||||||
stockholders' equity | |||||||||||||||||||||||||||
common stock, 0.0001 par value... | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 8,000 | 8,000 | 1,000 |
additional paid-in capital | 717,759,000 | 700,785,000 | 673,123,000 | 642,206,000 | 611,563,000 | 581,596,000 | 551,587,000 | 519,670,000 | 489,343,000 | 461,639,000 | 438,044,000 | 408,814,000 | 379,065,000 | 349,533,000 | 323,125,000 | 300,691,000 | 278,083,000 | 255,339,000 | 242,929,000 | 240,111,000 | 238,695,000 | 236,139,000 | 234,134,000 | 231,792,000 | 231,516,000 | 228,755,000 | 18,838,000 |
treasury stock, at cost, 0.0001 par value... | -505,760,000 | -388,075,000 | -303,889,000 | -303,889,000 | -303,889,000 | -303,889,000 | -250,825,000 | -188,865,000 | -27,367,000 | -1,009,000 | -1,009,000 | -1,009,000 | -1,009,000 | -1,009,000 | -1,009,000 | -1,009,000 | -1,009,000 | -1,009,000 | -1,009,000 | -1,009,000 | -1,009,000 | -1,009,000 | -1,009,000 | -1,009,000 | -1,009,000 | ||
accumulated earnings | 227,059,000 | 202,827,000 | 190,342,000 | 176,478,000 | 159,366,000 | 144,307,000 | 133,775,000 | 123,354,000 | 106,869,000 | 89,971,000 | 76,501,000 | 60,603,000 | 45,612,000 | 27,934,000 | 24,526,000 | 11,315,000 | 2,547,000 | ||||||||||
accumulated other comprehensive income | 277,000 | 498,000 | 419,000 | 218,000 | 110,000 | 39,000 | 330,000 | 2,025,000 | 2,750,000 | 2,819,000 | 1,848,000 | 1,082,000 | 724,000 | 501,000 | 205,000 | 18,000 | -93,000 | -312,000 | -270,000 | -50,000 | 1,000 | 17,000 | 5,000 | ||||
total stockholders’ equity | 439,344,000 | 516,044,000 | 560,004,000 | 515,022,000 | 467,159,000 | 422,062,000 | 434,876,000 | 456,193,000 | 571,604,000 | 553,429,000 | 515,393,000 | 469,499,000 | 424,401,000 | 376,968,000 | 346,856,000 | 311,024,000 | 279,619,000 | 251,822,000 | 224,113,000 | 204,541,000 | 184,618,000 | 166,947,000 | 127,268,000 | 119,559,000 | 121,089,000 | 114,271,000 | |
total liabilities and stockholders’ equity | 698,337,000 | 742,435,000 | 795,227,000 | 760,950,000 | 730,285,000 | 607,102,000 | 659,972,000 | 698,632,000 | 794,304,000 | 756,620,000 | 726,512,000 | 681,537,000 | 649,724,000 | 542,986,000 | 510,444,000 | 462,876,000 | 415,525,000 | 358,065,000 | 336,682,000 | 312,075,000 | 294,588,000 | 253,927,000 | 202,051,000 | 177,554,000 | 180,145,000 | ||
accounts receivable, net of 55,659 and 56,355 of allowances at december 31, 2025 and 2024, respectively | 220,287,000 | ||||||||||||||||||||||||||
accounts receivable, net of 54,623 and 56,355 of allowance at september 30, 2025 and december 31, 2024, respectively | 252,502,000 | ||||||||||||||||||||||||||
accounts receivable, net of 54,452 and 56,355 of allowance at june 30, 2025 and december 31, 2024, respectively | 271,853,000 | ||||||||||||||||||||||||||
accounts receivable, net of 58,610 and 56,355 of allowance at march 31, 2025 and december 31, 2024, respectively | 299,743,000 | ||||||||||||||||||||||||||
accounts receivable, net of 56,355 and 46,636 of allowances at december 31, 2024 and 2023, respectively | 235,324,000 | ||||||||||||||||||||||||||
accounts receivable, net of 55,671 and 46,636 of allowances at september 30, 2024 and december 31, 2023, respectively | 280,724,000 | ||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||
accounts receivable, net of 54,081 and 46,636 of allowances at june 30, 2024 and december 31, 2023, respectively | 293,796,000 | ||||||||||||||||||||||||||
accounts receivable, net of 50,054 and 46,636 of allowances at march 31, 2024 and december 31, 2023, respectively | 297,209,000 | ||||||||||||||||||||||||||
accounts receivable, net of 46,636 and 28,328 of allowances at december 31, 2023 and 2022, respectively | 241,869,000 | ||||||||||||||||||||||||||
accounts receivable, net of 42,896 and 28,328 of allowances at september 30, 2023 and december 31, 2022, respectively | 268,766,000 | ||||||||||||||||||||||||||
accounts receivable, net of 37,892 and 28,328 of allowances at june 30, 2023 and december 31, 2022, respectively | 264,958,000 | ||||||||||||||||||||||||||
accounts receivable, net of 33,447 and 28,328 of allowances at march 31, 2023 and december 31, 2022, respectively | 313,245,000 | ||||||||||||||||||||||||||
accounts receivable, net of 28,328 and 17,379 of allowances at december 31, 2022 and 2021, respectively | 240,067,000 | ||||||||||||||||||||||||||
accounts receivable, net of 27,197 and 17,379 of allowances at september 30, 2022 and december 31, 2021, respectively | 258,035,000 | ||||||||||||||||||||||||||
accounts receivable, net of 23,476 and 17,379 of allowances at june 30, 2022 and december 31, 2021, respectively | 229,864,000 | ||||||||||||||||||||||||||
accounts receivable, net of 19,660 and 17,379 of allowance at march 31, 2022 and december 31, 2021, respectively | 198,120,000 | ||||||||||||||||||||||||||
accumulated other comprehensive loss | -11,000 | ||||||||||||||||||||||||||
accounts receivable, net of 17,379 and 9,502 of allowances at december 31, 2021 and 2020, respectively | 134,557,000 | ||||||||||||||||||||||||||
other noncurrent liabilities | 438,000 | 876,000 | 876,000 | 876,000 | 617,000 | 327,000 | |||||||||||||||||||||
accumulated deficit | -2,424,000 | -17,504,000 | -34,300,000 | -53,027,000 | -68,193,000 | -105,883,000 | -111,238,000 | -109,426,000 | -113,483,000 | -109,081,000 | |||||||||||||||||
accounts receivable, net of 16,130 and 9,502 of allowance at september 30, 2021 and december 31, 2020, respectively | 135,181,000 | ||||||||||||||||||||||||||
accounts receivable, net of 14,105 and 9,502 of allowance at june 30, 2021 and december 31, 2020, respectively | 140,767,000 | ||||||||||||||||||||||||||
accounts receivable, net of 11,818 and 9,502 of allowance at march 31, 2021 and december 31, 2020, respectively | 116,666,000 | ||||||||||||||||||||||||||
accounts receivable, net of 16,199 and 6,320 of allowances at december 31, 2020 and december 31, 2019, respectively | 75,664,000 | ||||||||||||||||||||||||||
accounts receivable, net of 12,631 and 6,320 of allowances at september 30, 2020 and december 31, 2019, respectively | 78,302,000 | ||||||||||||||||||||||||||
accounts receivable, net of 11,084 and 6,320 of allowances at june 30, 2020 and december 31, 2019, respectively | 64,996,000 | ||||||||||||||||||||||||||
accounts receivable, net of 8,477 and 6,320 of allowances at march 31, 2020 and december 31, 2019, respectively | 65,862,000 | ||||||||||||||||||||||||||
other assets | 629,000 | 652,000 | 3,614,000 | ||||||||||||||||||||||||
accounts receivable, net of 6,320 and 3,486 of allowances at december 31, 2019 and december 31, 2018, respectively | 47,059,000 | ||||||||||||||||||||||||||
assets of discontinued operations, current | |||||||||||||||||||||||||||
liabilities, convertible preferred stock and stockholders’ equity | |||||||||||||||||||||||||||
convertible preferred stock warrant liabilities | 17,008,000 | ||||||||||||||||||||||||||
short term debt | |||||||||||||||||||||||||||
convertible preferred stock (note 12), 0.0001 par value... | |||||||||||||||||||||||||||
treasury stock, at cost , 0.0001 par value... | -1,009,000 | -1,008,000 | |||||||||||||||||||||||||
total liabilities, convertible preferred stock, and stockholders’ equity | 150,434,000 | ||||||||||||||||||||||||||
accounts receivable, net of 7,582 and 3,486 of allowances at september 30, 2019 and december 31, 2018, respectively | 44,337,000 | ||||||||||||||||||||||||||
liabilities, convertible preferred stock and stockholders’ deficit | |||||||||||||||||||||||||||
convertible preferred stock, 0.0001 par value... | 106,237,000 | ||||||||||||||||||||||||||
stockholders' deficit | |||||||||||||||||||||||||||
total stockholders’ deficit | -91,250,000 | ||||||||||||||||||||||||||
total liabilities, convertible preferred stock, and stockholders’ deficit | 72,551,000 |
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 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | ||||||||||||||||||||||||||
net income | 24,232,000 | 12,485,000 | 13,864,000 | 17,112,000 | 15,059,000 | 10,532,000 | 10,421,000 | 16,485,000 | 16,898,000 | 13,470,000 | 15,898,000 | 14,991,000 | 17,678,000 | 3,408,000 | 13,211,000 | 8,768,000 | 4,971,000 | 15,080,000 | 16,796,000 | 18,727,000 | 15,166,000 | 38,859,000 | 5,355,000 | -1,812,000 | 4,057,000 | -4,400,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||
deferred tax expense | 10,000 | -8,146,000 | 8,000 | 12,000 | 11,000 | -20,807,000 | 4,829,000 | 2,645,000 | 2,877,000 | -2,117,000 | 5,038,000 | -15,447,000 | -7,679,000 | -6,807,000 | -3,370,000 | -38,087,000 | 0 | 0 | 116,000 | -77,000 | ||||||
non-cash interest expense | 279,000 | 155,000 | 0 | 0 | 19,000 | 19,000 | 19,000 | 19,000 | 18,000 | 19,000 | ||||||||||||||||
depreciation and amortization | 1,483,000 | 1,367,000 | 1,268,000 | 1,205,000 | 1,108,000 | 868,000 | 837,000 | 754,000 | 716,000 | 634,000 | 579,000 | 527,000 | 541,000 | 446,000 | 405,000 | 386,000 | 364,000 | 316,000 | 267,000 | 296,000 | 422,000 | 464,000 | 462,000 | 460,000 | 520,000 | 539,000 |
loss on disposal of property and equipment | 52,000 | 0 | 0 | 0 | 79,000 | 0 | ||||||||||||||||||||
stock-based compensation expense | 19,721,000 | 34,799,000 | 32,173,000 | 32,383,000 | 32,512,000 | 30,859,000 | 33,183,000 | 33,036,000 | 31,052,000 | 28,799,000 | 31,251,000 | 31,753,000 | 30,808,000 | 29,297,000 | 23,297,000 | 23,654,000 | 24,500,000 | 15,008,000 | 7,147,000 | 6,517,000 | 5,034,000 | 4,160,000 | 3,071,000 | 3,541,000 | 2,049,000 | 1,852,000 |
bad debt expense | 4,436,000 | 5,181,000 | 4,328,000 | 5,358,000 | 5,659,000 | 3,662,000 | 3,162,000 | 4,800,000 | 4,772,000 | 4,872,000 | 5,268,000 | 4,550,000 | 5,244,000 | 4,109,000 | 3,588,000 | 3,816,000 | 2,281,000 | 2,562,000 | 2,416,000 | 2,287,000 | 2,518,000 | 1,853,000 | 1,240,000 | 1,212,000 | 1,257,000 | 274,000 |
net accretion of discounts on marketable securities | 1,150,000 | -434,000 | -459,000 | -1,079,000 | 1,106,000 | 1,644,000 | ||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||
accounts receivable | -47,773,000 | 27,038,000 | 15,011,000 | 22,566,000 | -69,732,000 | 41,705,000 | 9,917,000 | -1,378,000 | -60,118,000 | 22,023,000 | -9,075,000 | 43,736,000 | -78,422,000 | 13,859,000 | -31,758,000 | -35,560,000 | -65,845,000 | -1,938,000 | 3,170,000 | -26,388,000 | -43,520,000 | -384,000 | -14,552,000 | -346,000 | -20,054,000 | -2,998,000 |
prepaid expenses and other current assets | 9,601,000 | 2,912,000 | -6,913,000 | -5,563,000 | -2,383,000 | 20,414,000 | -3,675,000 | -13,890,000 | 15,169,000 | -20,407,000 | 6,666,000 | -7,733,000 | -1,456,000 | -1,658,000 | 1,294,000 | 1,085,000 | -664,000 | 261,000 | ||||||||
accounts payable | 33,635,000 | 1,092,000 | -17,547,000 | -4,411,000 | 49,618,000 | -35,340,000 | -21,324,000 | 21,606,000 | 4,790,000 | -6,649,000 | 2,031,000 | -15,592,000 | 36,445,000 | 4,982,000 | 11,632,000 | 7,904,000 | 23,171,000 | 6,166,000 | 583,000 | -2,706,000 | 13,797,000 | 1,289,000 | 10,886,000 | -7,526,000 | 20,359,000 | -3,323,000 |
accrued expenses and other current liabilities | 1,530,000 | -12,900,000 | 7,465,000 | -11,657,000 | 17,509,000 | -3,208,000 | 4,272,000 | -4,135,000 | 12,995,000 | -1,383,000 | -2,085,000 | 2,078,000 | 11,751,000 | -3,183,000 | 739,000 | 9,102,000 | 6,489,000 | -10,905,000 | 3,552,000 | 124,000 | 9,413,000 | 2,381,000 | 6,549,000 | 5,214,000 | 3,256,000 | 266,000 |
other noncurrent assets and liabilities | -2,407,000 | -9,346,000 | 1,194,000 | -416,000 | -738,000 | 421,000 | -382,000 | 255,000 | 131,000 | 156,000 | -89,000 | 360,000 | 221,000 | 130,000 | 158,000 | 6,000 | -1,374,000 | -2,288,000 | -1,012,000 | 13,000 | 7,000 | -72,000 | 350,000 | |||
net cash from operating activities | 45,949,000 | 54,203,000 | 50,671,000 | 55,510,000 | 49,808,000 | 52,164,000 | 44,515,000 | 56,694,000 | 25,732,000 | 37,659,000 | 54,182,000 | 76,012,000 | 20,961,000 | 51,517,000 | 20,894,000 | 19,246,000 | -11,262,000 | 8,815,000 | 24,163,000 | -7,473,000 | 532,000 | 6,537,000 | 15,329,000 | 2,197,000 | 12,140,000 | -5,489,000 |
capital expenditures | -6,347,000 | -5,614,000 | -4,684,000 | -5,269,000 | -2,843,000 | -1,895,000 | -1,794,000 | -866,000 | -850,000 | -681,000 | -953,000 | -759,000 | -1,251,000 | -721,000 | -1,240,000 | -490,000 | -790,000 | -612,000 | -718,000 | -430,000 | -369,000 | -97,000 | -149,000 | -98,000 | -693,000 | -2,278,000 |
free cash flows | 39,602,000 | 48,589,000 | 45,987,000 | 50,241,000 | 46,965,000 | 50,269,000 | 42,721,000 | 55,828,000 | 24,882,000 | 36,978,000 | 53,229,000 | 75,253,000 | 19,710,000 | 50,796,000 | 19,654,000 | 18,756,000 | -12,052,000 | 8,203,000 | 23,445,000 | -7,903,000 | 163,000 | 6,440,000 | 15,180,000 | 2,099,000 | 11,447,000 | -7,767,000 |
investing activities | ||||||||||||||||||||||||||
purchase of property and equipment | -6,347,000 | -5,614,000 | -4,684,000 | -5,269,000 | -2,843,000 | -1,895,000 | -1,794,000 | -866,000 | -850,000 | -681,000 | -953,000 | -759,000 | -1,251,000 | -721,000 | -1,240,000 | -490,000 | -790,000 | -612,000 | -718,000 | -430,000 | -369,000 | -97,000 | -149,000 | -98,000 | -693,000 | -2,278,000 |
purchase of marketable securities | -43,451,000 | -111,425,000 | -54,279,000 | -145,809,000 | 0 | -11,700,000 | -47,833,000 | -110,806,000 | -166,733,000 | -142,362,000 | -97,164,000 | -23,435,000 | -38,178,000 | -30,545,000 | -34,744,000 | -59,867,000 | -20,996,000 | -7,000,000 | -21,335,000 | -62,146,000 | -38,986,000 | |||||
sale of marketable securities | 102,941,000 | 57,321,000 | 73,365,000 | 29,633,000 | 63,382,000 | 76,885,000 | 28,856,000 | 140,099,000 | 131,000,000 | 74,000,000 | 79,000,000 | 39,000,000 | 40,813,000 | 37,726,000 | 29,909,000 | 33,975,000 | 21,099,000 | 15,296,000 | 30,092,000 | 52,989,000 | 23,995,000 | 50,970,000 | ||||
acquisition of business, net of cash acquired | 0 | 0 | 0 | -9,340,000 | 0 | 0 | ||||||||||||||||||||
net cash from investing activities | 96,594,000 | 8,256,000 | -42,744,000 | -29,915,000 | -94,610,000 | 15,362,000 | 86,096,000 | 19,344,000 | -93,414,000 | -64,315,000 | -58,923,000 | 16,127,000 | -1,173,000 | -1,876,000 | -1,259,000 | -39,558,000 | -6,312,000 | 22,374,000 | 31,224,000 | -38,520,000 | 11,887,000 | -9,148,000 | -42,077,000 | -693,000 | -2,278,000 | |
financing activities | ||||||||||||||||||||||||||
repurchase of common stock | -118,607,000 | -55,102,000 | -61,453,000 | -159,959,000 | -23,764,000 | -3,000 | ||||||||||||||||||||
proceeds from exercise of stock options | 30,000 | 63,000 | 5,000 | -21,000 | 39,000 | 2,000 | 109,000 | 26,000 | 962,000 | 1,277,000 | 449,000 | 1,449,000 | 1,675,000 | 943,000 | 921,000 | 379,000 | 830,000 | 1,171,000 | 562,000 | 652,000 | 539,000 | 251,000 | 649,000 | |||
payment of employee taxes related to equity awards | -4,844,000 | -7,028,000 | -2,625,000 | -2,612,000 | -3,583,000 | -1,612,000 | -2,217,000 | -3,213,000 | -4,959,000 | -6,696,000 | -3,078,000 | -3,611,000 | -3,815,000 | -4,132,000 | -2,322,000 | -2,647,000 | -2,988,000 | -4,860,000 | -3,815,000 | -5,768,000 | -3,523,000 | -2,511,000 | -2,323,000 | |||
proceeds from contributions to employee stock purchase plan | 307,000 | 363,000 | 221,000 | 304,000 | 256,000 | 385,000 | 208,000 | 357,000 | 350,000 | 394,000 | 267,000 | 323,000 | 294,000 | 403,000 | 173,000 | 190,000 | 386,000 | 375,000 | 193,000 | 292,000 | 487,000 | 176,000 | 167,000 | |||
net cash from financing activities | -123,114,000 | -88,259,000 | -5,486,000 | -2,329,000 | -3,288,000 | -56,327,000 | -63,353,000 | -162,789,000 | -27,411,000 | -5,025,000 | -2,362,000 | -1,839,000 | -1,846,000 | -2,786,000 | -1,228,000 | -2,078,000 | -1,772,000 | -3,314,000 | -3,060,000 | -4,824,000 | -2,497,000 | -2,084,000 | -1,608,000 | -2,363,000 | -194,000 | 80,485,000 |
effect of exchange rate changes on cash, cash equivalents, and restricted cash | -51,000 | 13,000 | -3,000 | 37,000 | 15,000 | |||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | 19,378,000 | -48,075,000 | ||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of period | 114,193,000 | 0 | 0 | 162,314,000 | ||||||||||||||||||||||
cash, cash equivalents, and restricted cash, end of period | 133,571,000 | 2,438,000 | 23,303,000 | 114,239,000 | ||||||||||||||||||||||
cash and cash equivalents | 131,607,000 | -21,744,000 | 1,476,000 | 23,267,000 | 109,239,000 | |||||||||||||||||||||
restricted cash included within prepaid expenses and other current assets | 1,039,000 | |||||||||||||||||||||||||
restricted cash included within other noncurrent assets | 925,000 | |||||||||||||||||||||||||
total cash, cash equivalents, and restricted cash | 133,571,000 | -25,787,000 | 2,438,000 | 23,303,000 | 114,239,000 | |||||||||||||||||||||
supplemental disclosure of cash flow information | ||||||||||||||||||||||||||
cash paid for income taxes, net of refunds received | 640,000 | 15,592,000 | 15,556,000 | 23,942,000 | 400,000 | 5,577,000 | 17,555,000 | 17,679,000 | -362,000 | 3,863,000 | 1,620,000 | 718,000 | -20,000 | -13,000 | 86,000 | 55,000 | 5,000 | |||||||||
supplemental disclosure of non-cash investing and financing activities | ||||||||||||||||||||||||||
additions of property and equipment, net included in accounts payable and accrued expenses | 812,000 | -100,000 | 313,000 | -778,000 | 1,246,000 | 105,000 | -14,000 | 3,000 | 155,000 | 293,000 | -310,000 | 237,000 | 201,000 | 560,000 | -227,000 | 52,000 | 251,000 | -58,000 | 164,000 | 78,000 | 20,000 | -9,000 | ||||
foreign currency exchange rate loss | -5,000 | 35,000 | -20,000 | |||||||||||||||||||||||
issuance costs on credit facility | 0 | |||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of year | ||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, end of year | ||||||||||||||||||||||||||
net decrease in cash, cash equivalents, and restricted cash | 2,438,000 | |||||||||||||||||||||||||
restricted cash included within noncurrent assets | 962,000 | 36,000 | 5,000,000 | |||||||||||||||||||||||
non-cash interest income | 113,000 | -190,000 | -92,000 | |||||||||||||||||||||||
net cash provided (used in) by investing activities | ||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | 7,000 | -4,000 | 0 | -2,000 | ||||||||||||||||||||||
net increase in cash and cash equivalents | 70,834,000 | -3,480,000 | -19,999,000 | 17,663,000 | -60,779,000 | -12,495,000 | 15,250,000 | 35,242,000 | 47,558,000 | -811,000 | -40,485,000 | 16,340,000 | 4,573,000 | -42,242,000 | 11,252,000 | 72,718,000 | ||||||||||
cash and cash equivalents, beginning of year | 0 | |||||||||||||||||||||||||
cash and cash equivalents, end of year | 72,718,000 | |||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 97,296,000 | 0 | 0 | 120,078,000 | 0 | 0 | 91,413,000 | 0 | 0 | 70,305,000 | 0 | 0 | 80,382,000 | |||||||||||
cash and cash equivalents, end of period | -3,480,000 | -19,999,000 | 114,959,000 | -12,495,000 | 15,250,000 | 155,320,000 | 17,790,000 | 15,909,000 | 38,821,000 | 43,477,000 | 18,927,000 | 29,820,000 | 4,573,000 | -42,242,000 | 91,634,000 | |||||||||||
realized gains on sale of marketable securities | -3,592,000 | -3,395,000 | -502,000 | |||||||||||||||||||||||
realized gain on sale of marketable securities | -1,627,000 | -1,377,000 | ||||||||||||||||||||||||
foreign currency exchange rate gain | ||||||||||||||||||||||||||
deferred tax benefit | -1,347,000 | 127,000 | -1,672,000 | 85,000 | -5,155,000 | |||||||||||||||||||||
payment of initial public offering costs | 0 | -101,000 | 0 | -791,000 | ||||||||||||||||||||||
net decrease in cash and cash equivalents | 15,909,000 | -52,592,000 | ||||||||||||||||||||||||
change in fair value of warrant liabilities | 5,757,000 | |||||||||||||||||||||||||
net cash from continuing operations | 2,197,000 | 12,140,000 | -5,489,000 | |||||||||||||||||||||||
net cash from discontinued operations | ||||||||||||||||||||||||||
proceeds from issuance of common stock upon initial public offering | ||||||||||||||||||||||||||
proceeds from revolving line of credit | 24,175,000 | |||||||||||||||||||||||||
repayments made against revolving line of credit | -24,175,000 | |||||||||||||||||||||||||
proceeds from exercise of stock warrants | ||||||||||||||||||||||||||
cash paid for interest | 0 | |||||||||||||||||||||||||
deferred initial public offering costs in accounts payable and accrued expenses | ||||||||||||||||||||||||||
non-cash preferred stock warrant conversion to common stock warrant upon ipo | ||||||||||||||||||||||||||
prepaid expenses and current other assets | 445,000 | 1,046,000 | -3,945,000 | 1,949,000 | 1,109,000 | 561,000 | -3,666,000 | |||||||||||||||||||
net (decrease) in cash and cash equivalents | ||||||||||||||||||||||||||
less: income from discontinued operations, net of income tax | ||||||||||||||||||||||||||
loss on debt extinguishment | ||||||||||||||||||||||||||
accretion of debt discount and debt issuance costs | ||||||||||||||||||||||||||
net cash (used in) continuing operations | 11,887,000 | -9,148,000 | -42,077,000 | -693,000 | ||||||||||||||||||||||
repayment of term loan | ||||||||||||||||||||||||||
repurchase of convertible preferred stock | ||||||||||||||||||||||||||
exercise of stock warrants | ||||||||||||||||||||||||||
non-cash settlement of liability | ||||||||||||||||||||||||||
non-cash liability forgiveness related to divestiture | ||||||||||||||||||||||||||
purchases of marketable securities | ||||||||||||||||||||||||||
additions of property and equipment, net included in accrued expenses | 21,000 | 68,000 | ||||||||||||||||||||||||
non-cash deferred initial public offering costs in accounts payable and accrued liabilities | -1,402,000 | |||||||||||||||||||||||||
exercise of stock options | 597,000 | 1,529,000 | ||||||||||||||||||||||||
supplemental disclosure of non-cash investing activities | ||||||||||||||||||||||||||
other assets | 287,000 | |||||||||||||||||||||||||
proceeds from issuance of common stock upon initial public offering, net of issuance and offering costs | ||||||||||||||||||||||||||
proceeds from issuance of convertible preferred stock and warrants | ||||||||||||||||||||||||||
payment of deferred initial public offering costs |