Quarterly
Annual
| Unit: USD | 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 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||
cash and cash equivalents | 260,838,000 | 291,070,000 | 304,449,000 | 305,757,000 | 288,464,000 | 182,803,000 | 24,667,000 | 79,641,000 | 146,827,000 | 154,106,000 | 101,985,000 | 129,384,000 | 156,423,000 | 135,370,000 | 121,174,000 | 187,205,000 | 600,077,000 | 131,448,000 | 104,316,000 | 94,081,000 | 88,436,000 | 76,755,000 | 65,635,000 | 48,392,000 | 71,160,000 | 67,092,000 | 49,220,000 | 129,128,000 | |
marketable securities | 382,259,000 | 343,509,000 | 317,619,000 | 316,344,000 | 312,719,000 | 314,941,000 | 465,939,000 | 470,457,000 | 408,417,000 | 362,561,000 | 407,643,000 | 557,230,000 | 519,383,000 | 532,258,000 | 551,781,000 | 497,566,000 | 96,764,000 | 40,990,000 | 65,513,000 | 75,570,000 | 67,051,000 | 69,606,000 | 79,693,000 | 85,481,000 | 60,404,000 | 62,442,000 | 71,999,000 | ||
funds held in escrow, including funds in transit | 211,373,000 | 212,033,000 | 215,942,000 | 195,736,000 | 214,302,000 | 218,656,000 | 222,937,000 | 212,387,000 | 177,970,000 | 177,655,000 | 179,420,000 | 161,457,000 | 169,966,000 | 188,445,000 | 196,379,000 | 160,813,000 | 172,691,000 | 165,082,000 | 161,403,000 | 135,042,000 | 128,131,000 | 129,553,000 | 123,556,000 | 108,721,000 | 114,593,000 | 118,302,000 | 120,085,000 | 98,186,000 | 107,479,000 |
trade and client receivables – net of allowance of 6,485 and 4,646 as of september 30, 2025 and december 31, 2024, respectively | 76,433,000 | ||||||||||||||||||||||||||||
prepaid expenses and other current assets | 18,048,000 | 21,141,000 | 22,086,000 | 17,727,000 | 19,359,000 | 22,743,000 | 20,073,000 | 17,825,000 | 16,537,000 | 19,396,000 | 19,481,000 | 17,947,000 | 16,860,000 | 18,374,000 | 18,152,000 | 17,243,000 | 12,156,000 | 12,526,000 | 10,742,000 | 9,090,000 | 8,487,000 | 9,009,000 | 8,387,000 | 7,885,000 | 7,606,000 | 6,554,000 | 6,681,000 | 6,253,000 | 5,326,000 |
total current assets | 948,951,000 | 938,983,000 | 938,013,000 | 911,054,000 | 904,291,000 | 855,665,000 | 848,019,000 | 883,371,000 | 810,013,000 | 780,027,000 | 767,820,000 | 930,906,000 | 929,702,000 | 944,305,000 | 949,534,000 | 929,653,000 | 939,919,000 | 412,278,000 | 393,868,000 | 360,801,000 | 331,958,000 | 318,153,000 | 312,531,000 | 280,635,000 | 285,797,000 | 305,837,000 | 296,250,000 | 255,882,000 | 181,452,000 |
property and equipment | 40,373,000 | 38,109,000 | 34,927,000 | 30,056,000 | 29,875,000 | 28,149,000 | 27,128,000 | 27,140,000 | 26,659,000 | 24,867,000 | 23,104,000 | 22,063,000 | 21,487,000 | 20,823,000 | 20,930,000 | 21,329,000 | 22,344,000 | 23,683,000 | 27,868,000 | 28,139,000 | 27,680,000 | 27,284,000 | 24,989,000 | 21,454,000 | 20,668,000 | 19,207,000 | 12,604,000 | 10,815,000 | 6,260,000 |
goodwill | 150,471,000 | 141,473,000 | 121,064,000 | 121,064,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 | 118,219,000 |
intangible assets | 39,656,000 | 9,525,000 | 11,174,000 | 12,989,000 | 1,859,000 | 2,258,000 | 2,656,000 | 3,048,000 | 667,000 | 1,334,000 | 2,001,000 | 2,668,000 | 3,335,000 | 4,002,000 | 4,670,000 | 5,337,000 | 6,004,000 | 6,671,000 | |||||||||||
operating lease asset | 5,188,000 | 5,367,000 | 5,550,000 | 5,752,000 | 6,441,000 | 2,627,000 | 3,486,000 | 4,333,000 | 5,168,000 | 5,992,000 | 6,803,000 | 7,603,000 | 8,387,000 | 9,164,000 | 9,930,000 | 10,682,000 | 12,736,000 | 13,674,000 | 18,818,000 | 19,729,000 | 20,662,000 | 21,645,000 | 22,620,000 | 21,908,000 | |||||
deferred tax asset | 125,065,000 | 126,715,000 | 127,762,000 | 128,779,000 | |||||||||||||||||||||||||
other assets, noncurrent | 1,505,000 | 1,544,000 | 1,576,000 | 1,919,000 | 1,974,000 | 1,645,000 | 1,311,000 | 1,430,000 | 1,379,000 | 1,467,000 | 2,120,000 | 1,454,000 | 1,431,000 | 1,503,000 | 1,663,000 | 1,178,000 | 1,269,000 | 1,406,000 | 1,560,000 | 1,672,000 | 1,784,000 | 1,546,000 | 1,040,000 | 829,000 | 904,000 | 976,000 | 1,389,000 | 653,000 | 6,240,000 |
total assets | 1,311,209,000 | 1,261,716,000 | 1,240,066,000 | 1,211,613,000 | 1,062,659,000 | 1,008,563,000 | 1,000,819,000 | 1,037,541,000 | 961,438,000 | 930,572,000 | 918,066,000 | 1,080,245,000 | 1,079,226,000 | 1,094,014,000 | 1,100,276,000 | 1,081,061,000 | 1,094,487,000 | 569,260,000 | 560,333,000 | 529,227,000 | 501,637,000 | 488,848,000 | 482,067,000 | 446,380,000 | 429,590,000 | 448,909,000 | 433,799,000 | 391,573,000 | 318,842,000 |
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||
accounts payable | 8,514,000 | 1,027,000 | 4,115,000 | 6,128,000 | 5,601,000 | 5,863,000 | 5,916,000 | 5,063,000 | 1,747,000 | 4,178,000 | 4,248,000 | 7,549,000 | 5,354,000 | 5,281,000 | 10,327,000 | 4,996,000 | 3,370,000 | 8,625,000 | 12,080,000 | 6,455,000 | 5,708,000 | 5,180,000 | 1,719,000 | 652,000 | 2,934,000 | 1,521,000 | 1,542,000 | 2,073,000 | 5,471,000 |
escrow funds payable | 211,373,000 | 212,033,000 | 215,942,000 | 195,736,000 | 214,302,000 | 218,656,000 | 222,937,000 | 212,387,000 | 177,970,000 | 177,655,000 | 179,420,000 | 161,457,000 | 169,966,000 | 188,445,000 | 196,379,000 | 160,813,000 | 172,691,000 | 165,082,000 | 161,403,000 | 135,042,000 | 128,131,000 | 129,553,000 | 123,556,000 | 108,721,000 | 114,593,000 | 118,302,000 | 120,085,000 | 98,186,000 | 107,479,000 |
debt, current | 359,310,000 | 6,344,000 | 7,586,000 | 7,581,000 | 7,576,000 | 7,594,000 | 22,589,000 | 7,584,000 | 7,579,000 | 32,574,000 | 32,569,000 | 5,671,000 | 29,594,000 | ||||||||||||||||
accrued expenses and other current liabilities | 73,336,000 | 58,762,000 | 47,143,000 | 59,300,000 | 55,754,000 | 49,811,000 | 46,682,000 | 58,192,000 | 52,111,000 | 48,817,000 | 47,595,000 | 53,611,000 | 51,781,000 | 45,678,000 | 33,033,000 | 45,742,000 | 45,048,000 | 33,211,000 | 26,762,000 | 32,868,000 | 28,766,000 | 25,364,000 | 23,394,000 | 18,342,000 | 21,898,000 | 19,132,000 | 15,606,000 | 20,948,000 | 16,911,000 |
deferred revenue | 7,943,000 | 7,802,000 | 7,496,000 | 7,269,000 | 8,782,000 | 10,766,000 | 13,957,000 | 17,361,000 | 21,237,000 | 24,079,000 | 25,557,000 | 25,075,000 | 24,910,000 | 23,983,000 | 23,548,000 | 22,083,000 | 20,742,000 | 19,164,000 | 18,157,000 | 16,801,000 | 15,892,000 | 14,984,000 | 14,386,000 | 13,799,000 | 1,587,000 | 1,130,000 | 891,000 | 722,000 | 717,000 |
total current liabilities | 660,476,000 | 279,624,000 | 274,696,000 | 268,433,000 | 284,439,000 | 285,096,000 | 289,492,000 | 293,003,000 | 253,065,000 | 254,729,000 | 256,820,000 | 247,692,000 | 252,011,000 | 263,387,000 | 263,287,000 | 233,634,000 | 241,851,000 | 232,426,000 | 225,988,000 | 198,747,000 | 186,073,000 | 182,675,000 | 185,644,000 | 149,098,000 | 148,591,000 | 172,659,000 | 170,693,000 | 127,600,000 | 160,172,000 |
debt, noncurrent | 358,849,000 | 358,389,000 | 357,928,000 | 357,468,000 | 357,008,000 | 356,547,000 | 356,087,000 | 355,626,000 | 355,166,000 | 354,705,000 | 564,261,000 | 563,520,000 | 562,780,000 | 562,040,000 | 561,299,000 | 560,559,000 | 633,000 | 1,263,000 | 3,142,000 | 5,021,000 | 6,929,000 | 8,814,000 | 10,699,000 | 12,584,000 | 14,469,000 | 16,354,000 | 18,239,000 | 19,304,000 | |
operating lease liability, noncurrent | 10,131,000 | 10,351,000 | 10,385,000 | 9,567,000 | 9,220,000 | 4,835,000 | 5,308,000 | 6,088,000 | 6,932,000 | 8,219,000 | 9,713,000 | 11,177,000 | 12,619,000 | 14,044,000 | 15,412,000 | 16,753,000 | 18,075,000 | 18,757,000 | 19,714,000 | 20,506,000 | 21,693,000 | 22,105,000 | 22,489,000 | 21,186,000 | |||||
other liabilities, noncurrent | 12,476,000 | 4,238,000 | 2,254,000 | 308,000 | 361,000 | 528,000 | 596,000 | 1,288,000 | 2,876,000 | 5,535,000 | 7,872,000 | 8,236,000 | 8,493,000 | 7,484,000 | 10,188,000 | 9,858,000 | 9,169,000 | 8,916,000 | 7,867,000 | 7,522,000 | 7,276,000 | 6,996,000 | 6,384,000 | 5,973,000 | 5,816,000 | 4,148,000 | 2,780,000 | 1,989,000 | 6,110,000 |
total liabilities | 683,083,000 | 653,062,000 | 645,724,000 | 636,236,000 | 651,488,000 | 647,467,000 | 651,943,000 | 656,466,000 | 618,499,000 | 623,649,000 | 629,110,000 | 831,366,000 | 836,643,000 | 847,695,000 | 850,927,000 | 821,544,000 | 829,654,000 | 260,732,000 | 254,832,000 | 229,917,000 | 220,063,000 | 218,705,000 | 223,331,000 | 186,956,000 | 166,991,000 | 191,276,000 | 189,827,000 | 147,828,000 | 185,586,000 |
commitments and contingencies | |||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||
common stock | 13,000 | 13,000 | 13,000 | 14,000 | 13,000 | 13,000 | 13,000 | 14,000 | 14,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 12,000 | 12,000 | 12,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 4,000 |
additional paid-in capital | 605,931,000 | 615,937,000 | 634,527,000 | 653,575,000 | 635,578,000 | 615,012,000 | 627,007,000 | 674,918,000 | 654,754,000 | 635,548,000 | 613,887,000 | 592,900,000 | 571,636,000 | 550,711,000 | 528,516,000 | 510,568,000 | 493,328,000 | 527,712,000 | 508,147,000 | 494,122,000 | 477,311,000 | 463,133,000 | 440,703,000 | 431,370,000 | 415,669,000 | 407,876,000 | 392,188,000 | 387,233,000 | 104,900,000 |
accumulated and other comprehensive income | 867,000 | 724,000 | 548,000 | 264,000 | |||||||||||||||||||||||||
retained earnings | 21,315,000 | ||||||||||||||||||||||||||||
total stockholders’ equity | 628,126,000 | 608,654,000 | 594,342,000 | 575,377,000 | 411,171,000 | 361,096,000 | 348,876,000 | 381,075,000 | 342,939,000 | 306,923,000 | 288,956,000 | 248,879,000 | 242,583,000 | 246,319,000 | 249,349,000 | 259,517,000 | 264,833,000 | 308,528,000 | 305,501,000 | 299,310,000 | 281,574,000 | 270,143,000 | 258,736,000 | 259,424,000 | 262,599,000 | 243,745,000 | |||
total liabilities and stockholders’ equity | 1,311,209,000 | 1,261,716,000 | 1,240,066,000 | 1,211,613,000 | 1,062,659,000 | 1,008,563,000 | 1,000,819,000 | 1,037,541,000 | 961,438,000 | 930,572,000 | 918,066,000 | 1,080,245,000 | 1,079,226,000 | 1,094,014,000 | 1,100,276,000 | 1,081,061,000 | 1,094,487,000 | 569,260,000 | 560,333,000 | 529,227,000 | 501,637,000 | 488,848,000 | 482,067,000 | 446,380,000 | 429,590,000 | ||||
trade and client receivables – net of allowance of 5,325 and 4,646 as of june 30, 2025 and december 31, 2024, respectively | 71,230,000 | ||||||||||||||||||||||||||||
accumulated deficit | -8,020,000 | -40,746,000 | -78,476,000 | -225,642,000 | -253,400,000 | -275,620,000 | -294,062,000 | -311,436,000 | -327,773,000 | -323,782,000 | -340,949,000 | -324,449,000 | -299,622,000 | -275,802,000 | -251,064,000 | -228,508,000 | -219,197,000 | -202,659,000 | -194,824,000 | -195,749,000 | -193,002,000 | -181,978,000 | -171,957,000 | -153,081,000 | -150,254,000 | -148,227,000 | -143,499,000 | -138,134,000 | |
trade and client receivables – net of allowance of 5,326 and 4,646 as of march 31, 2025 and december 31, 2024, respectively | 77,917,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 4,646 and 5,141 as of december 31, 2024 and 2023, respectively | 75,490,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 4,170 and 5,141 as of september 30, 2024 and december 31, 2023, respectively | 69,447,000 | ||||||||||||||||||||||||||||
accumulated other comprehensive income | 1,222,000 | -529,000 | -386,000 | 205,000 | |||||||||||||||||||||||||
trade and client receivables – net of allowance of 4,893 and 5,141 as of june 30, 2024 and december 31, 2023, respectively | 116,522,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 4,790 and 5,141 as of march 31, 2024 and december 31, 2023, respectively | 114,403,000 | ||||||||||||||||||||||||||||
treasury stock | -2,138,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 5,141 and 12,464 as of december 31, 2023 and 2022, respectively | 103,061,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 5,216 and 12,464 as of september 30, 2023 and december 31, 2022, respectively | 60,262,000 | ||||||||||||||||||||||||||||
accumulated other comprehensive loss | -393,000 | -865,000 | -1,162,000 | -3,085,000 | -4,617,000 | -4,783,000 | -3,378,000 | ||||||||||||||||||||||
trade and client receivables – net of allowance of 6,761 and 12,464 as of june 30, 2023 and december 31, 2022, respectively | 66,309,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 9,018 and 12,464 as of march 31, 2023 and december 31, 2022, respectively | 59,291,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 12,464 and 3,410 as of december 31, 2022 and 2021, respectively | 64,888,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 16,099 and 3,410 as of september 30, 2022 and december 31, 2021, respectively | 67,070,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 8,182 and 3,410 as of june 30, 2022 and december 31, 2021, respectively | 69,858,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 4,031 and 3,410 as of march 31, 2022 and december 31, 2021, respectively | 62,048,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 3,410 and 1,661 as of december 31, 2021 and 2020, respectively | 66,826,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 2,274 and 1,661 as of september 30, 2021 and december 31, 2020, respectively | 58,231,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 1,886 and 1,661 as of june 30, 2021 and december 31, 2020, respectively | 62,232,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 1,792 and 1,661 as of march 31, 2021 and december 31, 2020, respectively | 51,894,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 1,661 and 2,215 as of december 31, 2020 and 2019, respectively | 47,018,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 1,648 and 2,215 as of september 30, 2020 and december 31, 2019, respectively | 39,853,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 2,075 and 2,215 as of june 30, 2020 and december 31, 2019, respectively | 33,230,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 2,102 and 2,215 as of march 31, 2020 and december 31, 2019, respectively | 35,260,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 2,215 and 2,832 as of december 31, 2019 and 2018, respectively | 30,156,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 2,219 and 2,832 as of september 30, 2019 and december 31, 2018, respectively | 32,034,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 2,195 and 2,832 as of june 30, 2019 and december 31, 2018, respectively | 51,447,000 | ||||||||||||||||||||||||||||
total stockholders' equity | 257,633,000 | 243,972,000 | |||||||||||||||||||||||||||
total liabilities and stockholders' equity | 448,909,000 | 433,799,000 | |||||||||||||||||||||||||||
trade and client receivables – net of allowance of 2,406 and 2,832 as of march 31, 2019 and december 31, 2018, respectively | 48,265,000 | ||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 2,832 and 1,577 as of december 31, 2018 and 2017, respectively | 22,315,000 | ||||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders’ equity | |||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||
redeemable convertible preferred stock | 166,486,000 | ||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock, and stockholders' equity | 391,573,000 | ||||||||||||||||||||||||||||
cash | 27,055,000 | ||||||||||||||||||||||||||||
trade and client receivables – net of allowance of 2,703 as of september 30, 2018 and 1,577 as of december 31, 2017, respectively | 41,592,000 | ||||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders’ deficit | |||||||||||||||||||||||||||||
stockholders’ deficit: | |||||||||||||||||||||||||||||
total stockholders’ deficit | -33,230,000 | ||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock, and stockholders' deficit | 318,842,000 | ||||||||||||||||||||||||||||
revenue | 64,113,000 | ||||||||||||||||||||||||||||
cost of revenue | 20,504,000 | ||||||||||||||||||||||||||||
gross profit | 43,609,000 | ||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||
research and development | 14,377,000 | ||||||||||||||||||||||||||||
sales and marketing | 18,967,000 | ||||||||||||||||||||||||||||
general and administrative | 11,707,000 | ||||||||||||||||||||||||||||
benefit from transaction losses | 1,892,000 | ||||||||||||||||||||||||||||
total operating expenses | 46,943,000 | ||||||||||||||||||||||||||||
income from operations | -3,334,000 | ||||||||||||||||||||||||||||
interest expense | 589,000 | ||||||||||||||||||||||||||||
other income | 3,423,000 | ||||||||||||||||||||||||||||
income before income taxes | -7,346,000 | ||||||||||||||||||||||||||||
income tax provision | |||||||||||||||||||||||||||||
net income | -7,346,000 | ||||||||||||||||||||||||||||
undistributed earnings allocable to preferred stockholders | |||||||||||||||||||||||||||||
net income attributable to common stockholders | -7,346,000 | ||||||||||||||||||||||||||||
net income per share | -200 | ||||||||||||||||||||||||||||
weighted-average shares used for eps calculation | 36,070,000 |
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.