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 
      
    		                
      cash flows from operating activities
    		                
      net income
    		8,829,000 6,536,000 11,352,000 -5,724,000 1,917,000 -12,091,000 -21,080,000 -35,021,000 -35,655,000 -18,850,000 -28,314,000 -19,395,000 -33,069,000 -38,245,000 -23,310,000 -16,576,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                
      depreciation, amortization, and other
    		                
      stock-based compensation expense
    		39,974,000 38,066,000 35,792,000 41,614,000 39,278,000 37,157,000 34,088,000 35,960,000 36,573,000 35,200,000 29,234,000 27,413,000 25,745,000 32,541,000 9,594,000 8,051,000 
      donation of common stock
    		858,000 907,000 959,000 0    0    0    0 
      changes in operating assets and liabilities:
    		                
      disbursement prefunding
    		-49,549,000 21,258,000 71,385,000 -69,291,000 -68,933,000 51,332,000 -6,194,000 20,384,000 65,708,000 -73,713,000 -44,157,000 -2,519,000 3,964,000 -102,323,000 62,450,000 -10,857,000 
      customer funds receivable
    		-44,778,000 -39,595,000 -16,283,000 85,818,000 182,618,000 -22,647,000 -59,432,000 -114,869,000 -122,798,000 -15,363,000 69,608,000 -74,395,000 -22,679,000 -15,415,000 -14,453,000 11,790,000 
      prepaid expenses and other assets
    		16,652,000 -13,342,000 -6,272,000 -5,437,000 450,000 3,140,000 -10,377,000 -3,383,000 692,000 1,734,000 -12,078,000 -1,243,000 -668,000 3,534,000 -6,221,000 -3,068,000 
      operating lease right-of-use assets
    		1,110,000 1,659,000 2,041,000 1,506,000 1,580,000 1,503,000 1,392,000 1,390,000 1,362,000 1,250,000 1,184,000 1,020,000 1,000,000 936,000 807,000 757,000 
      accounts payable
    		11,713,000 -17,739,000 22,182,000 -2,538,000 -4,244,000 8,666,000 -22,707,000 17,111,000 268,000 14,692,000 -4,512,000 -1,328,000 2,546,000 -540,000 4,857,000 -4,264,000 
      customer liabilities
    		26,867,000 -7,633,000 2,487,000 -4,145,000 27,512,000 -25,445,000 14,744,000 32,507,000 41,688,000 -5,029,000 -7,448,000 6,176,000 -23,476,000 50,022,000 10,257,000 -34,187,000 
      accrued expenses and other liabilities
    		-24,591,000 36,038,000 -198,000 9,022,000 -39,142,000 5,192,000 10,429,000 13,193,000 35,682,000 5,323,000 -6,841,000 -14,101,000 -9,996,000 54,757,000 -4,362,000 10,058,000 
      operating lease liabilities
    		1,071,000 8,227,000 4,066,000 -1,159,000 -1,623,000 -1,761,000 -1,598,000 -1,263,000 -1,664,000 -1,451,000 -355,000 -921,000 -1,090,000 -1,093,000 -969,000 -978,000 
      net cash from operating activities
    		1,370,000 41,191,000 132,903,000 55,635,000 146,759,000 48,899,000 -56,808,000 -34,468,000 32,345,000 -51,900,000 433,000 -77,351,000 -53,819,000 -14,220,000 40,250,000 -37,816,000 
      capex
    		-3,326,000 -15,653,000 -16,912,000 -5,222,000 -3,910,000 -4,256,000 -4,314,000 -2,587,000 -2,607,000 -1,750,000 -2,160,000 -2,420,000 -1,461,000 -1,555,000 -1,625,000 -1,246,000 
      free cash flows
    		-1,956,000 25,538,000 115,991,000 50,413,000 142,849,000 44,643,000 -61,122,000 -37,055,000 29,738,000 -53,650,000 -1,727,000 -79,771,000 -55,280,000 -15,775,000 38,625,000 -39,062,000 
      cash flows from investing activities
    		                
      purchases of property and equipment
    		   -2,806,000 -1,116,000 -1,131,000 -945,000 -589,000 -702,000 -702,000 -864,000 -1,482,000 -705,000 -620,000 -872,000 -609,000 
      capitalized internal-use software costs
    		-3,326,000 -3,063,000 -2,949,000 -2,416,000 -2,794,000 -3,125,000 -3,369,000 -1,998,000 -1,905,000 -1,048,000 -1,296,000 -938,000 -756,000 -935,000 -753,000 -637,000 
      net collections (originations) from consumer receivables
    		                
      net cash from investing activities
    		-19,017,000 -15,653,000 -16,912,000 -5,222,000 -3,910,000 -4,256,000 -4,314,000 -2,587,000 -2,607,000 -1,750,000 -43,093,000 -2,293,000 -1,836,000 -1,555,000 -1,625,000 -1,246,000 
      cash flows from financing activities
    		                
      proceeds from exercise of stock options
    		1,637,000 2,186,000 2,392,000 2,913,000 1,560,000 1,711,000 2,483,000 2,030,000 3,925,000 3,489,000 4,844,000 3,309,000 3,778,000 1,866,000 2,601,000 826,000 
      proceeds from issuance of common stock in connection with espp
    		5,379,000 0 5,768,000 0 4,378,000 0 5,004,000          
      cash paid for repurchase of common stock
    		                
      proceeds from revolving credit facility borrowings
    		1,611,000,000 1,434,000,000 1,059,000,000 590,000,000 293,000,000 295,000,000 275,000,000 340,000,000 90,000,000        
      repayments of revolving credit facility borrowings
    		-1,611,000,000 -1,434,000,000 -1,059,000,000 -590,000,000 -308,000,000 -430,000,000 -255,000,000 -210,000,000 -124,000,000        
      taxes paid related to net share settlement of equity awards
    		-14,494,000 -10,528,000 -1,089,000 -1,454,000 -1,206,000 -1,202,000 -1,366,000 -1,991,000 -2,600,000 -698,000 -1,413,000 -44,000 -25,000    
      cash paid for settlement of amounts previously held back for acquisition consideration
    		   0 0            
      payment of debt issuance costs
    		-450,000               -385,000 
      net cash from financing activities
    		-19,804,000 -10,970,000 7,071,000 1,459,000 -10,268,000 -144,752,000 26,121,000 136,171,000 -32,675,000 36,791,000 -13,637,000 2,881,000 3,753,000 1,836,000 2,601,000 -1,462,000 
      effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash
    		-1,715,000 7,454,000 2,728,000 -8,496,000 5,170,000 -130,000 -1,099,000 1,871,000 -1,262,000 444,000 219,000      
      net increase in cash, cash equivalents, and restricted cash
    		-39,166,000 22,022,000 125,790,000 43,376,000      -16,415,000 -56,078,000      
      cash, cash equivalents, and restricted cash at beginning of period
    		0 0 369,817,000 0 0 0 325,029,000 0 0 -1,000 300,735,000 0 0 0 403,313,000 0 
      cash, cash equivalents, and restricted cash at end of period
    		-39,166,000 22,022,000 495,607,000 43,376,000 137,751,000 -100,239,000 288,929,000 100,987,000 -4,199,000 -16,416,000 244,657,000 -75,798,000 -53,228,000 -14,896,000 444,656,000 -40,302,000 
      reconciliation of cash, cash equivalents, and restricted cash
    		                
      cash and cash equivalents
    		-39,000,000 21,991,000 493,905,000 43,663,000 139,247,000 -100,810,000 285,997,000 100,437,000 -4,234,000 -16,652,000 244,159,000 -75,816,000 -53,258,000 -14,896,000 444,605,000 -40,051,000 
      restricted cash included in prepaid expenses and other current assets
    		-80,000 32,000 632,000 -376,000 -1,659,000 503,000 2,190,000 59,000 35,000        
      restricted cash included in other noncurrent assets
    		-86,000 -1,000 1,070,000 89,000 163,000 68,000 742,000 491,000 0        
      total cash, cash equivalents, and restricted cash
    		-39,166,000 22,022,000 495,607,000 43,376,000 137,751,000 -100,239,000 288,929,000 100,987,000         
      depreciation and amortization
    		 6,326,000 5,396,000 5,814,000 4,655,000 3,907,000 3,678,000 3,484,000 3,418,000 3,187,000 3,029,000 1,854,000 1,843,000 1,510,000 1,517,000 1,366,000 
      other
    		 483,000 -4,000 155,000 104,000 -54,000 249,000 -3,961,000 2,471,000 1,120,000 1,083,000 88,000 89,000 96,000 83,000 92,000 
      purchases of property and equipment, and other
    		 -12,590,000 -13,963,000              
      cash paid for acquisition, net of acquired cash, cash equivalents, and restricted cash
    		       0 0 0 -40,933,000      
      repayment of assumed indebtedness
    		       0 0 0 -17,068,000      
      net decrease in cash, cash equivalents, and restricted cash
    		     -100,239,000 -36,100,000          
      proceeds from issuance of common stock upon initial public offering and private placements, net of offering costs, underwriting discounts and commissions
    		                
      repayment of non-recourse promissory note
    		               0 
      proceeds from issuance of series e and f convertible preferred stock, net of issuance costs
    		                
      supplemental disclosure of cash flow information
    		                
      cash paid for interest
    		        558,000 430,000 341,000 216,000 225,000 238,000 227,000 -2,000 
      cash paid for income taxes
    		        3,887,000 680,000 124,000 885,000 568,000 224,000 605,000 453,000 
      supplemental disclosure of noncash investing and financing activities
    		                
      operating lease right-of-use assets obtained in exchange for operating lease liabilities
    		        0 0 5,414,000 0 509,000 4,102,000 2,830,000 0 
      vesting of early exercised options
    		        66,000 96,000 149,000 162,000 161,000 188,000 205,000 219,000 
      noncash issuance of common stock in connection with espp
    		        3,317,000 0 2,729,000 0     
      stock-based compensation expense capitalized to internal-use software
    		        820,000 833,000 541,000 453,000     
      issuance of common stock for acquisition consideration
    		        0 0 6,635,000      
      issuance of common stock, subject to service-based vesting conditions, in connection with acquisition
    		                
      amounts held back for acquisition consideration
    		        0 0 11,899,000      
      settlement of preexisting net receivable in exchange for net assets acquired in business combination
    		        0 0 2,401,000      
      issuance of unvested common stock, subject to service-based vesting conditions, in connection with acquisition
    		         0 581,000      
      total cash, cash equivalents and restricted cash
    		         -16,416,000 244,657,000 -75,798,000 -53,228,000 -14,896,000 444,656,000 -40,302,000 
      adjustments to reconcile net income to net cash from operating activities
    		                
      restricted cash
    		          498,000 18,000 30,000 0 51,000 -251,000 
      cash paid for acquisition, net of acquired cash and cash equivalents
    		           127,000     
      proceeds from (repayments of) revolving credit facility borrowings
    		                
      repayment of long-term debt
    		                
      effect of foreign exchange rate changes on cash, cash equivalents and restricted cash
    		             -957,000 117,000 222,000 
      net increase in cash, cash equivalents and restricted cash
    		             -14,896,000 41,343,000 -40,302,000 
      ipo and debt issuance costs incurred but not yet paid
    		                
      conversion of redeemable convertible preferred stock to common stock in connection with initial public offering
    		                
      reconciliation of cash, cash equivalents and restricted cash
    		                
      proceeds from issuance of common stock upon initial public offering and private placements, net of underwriting discounts and commissions and other offering costs
    		                
      proceeds from issuance of series f convertible preferred stock, net of issuance costs
    		                
      noncash issuance shares through employee stock purchase plan
    		                
      stock compensation capitalized to internal-use software
    		                
      ipo costs incurred but not yet paid
    		                
      supplemental disclosure of non-cash investing and financing activities
    		                
      non-cash issuance shares through employee stock purchase plan
    		              1,882,000  
      proceeds from issuance of common stock upon initial public offering and the private placement, net of underwriting discounts and commissions and other offering costs
    		               -1,903,000 
      repurchase and retirement of common stock in connection with tender offer
    		                
      repurchase and retirement of redeemable convertible preferred stock in connection with tender offer
    		                
      repayment of term loan
    		                
      conversion of preferred stock to common stock
    		               0 
      repayments on borrowings
    		                
    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.