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 2021-09-30 
      
    		                 
      operating activities:
    		                 
      net income
    		45,144,000 37,875,000 38,583,000 116,571,000 38,024,000 38,591,000 32,088,000 23,264,000 26,863,000 8,034,000 -8,273,000 -18,760,000 -65,559,000 -12,323,000 -18,794,000 -31,157,000 -32,787,000 
      adjustments to reconcile net income to net cash provided from operating activities:
    		                 
      depreciation of property and equipment
    		6,387,000 5,710,000 5,432,000  5,619,000 5,560,000 5,168,000  4,417,000 4,171,000 4,345,000       
      amortization of intangible assets
    		1,037,000 1,058,000 1,100,000  1,351,000 881,000 924,000  843,000 818,000 822,000       
      noncash lease expense
    		1,540,000 1,613,000 1,606,000 1,803,000 1,624,000 1,598,000 1,582,000 1,572,000 1,581,000 1,567,000 1,748,000 1,524,000 788,000 736,000 721,000   
      impairment of strategic investment
    		0                 
      equity-based compensation
    		9,583,000 10,293,000 7,798,000 8,301,000 6,143,000 10,230,000 10,665,000 2,191,000 4,165,000 14,288,000 16,649,000 40,007,000 73,052,000 12,307,000 13,129,000 15,869,000 14,138,000 
      deferred income tax
    		18,372,000 1,724,000 -790,000  673,000 -687,000 715,000  -561,000 -72,000 84,000       
      amortization of revolver loan costs
    		33,000 34,000 32,000 33,000 33,000 49,000 87,000 87,000 88,000 54,000 110,000 -158,000 201,000 199,000 198,000 -200,000  
      gain on divestiture of a business
    		0                 
      premium amortization and (discount accretion), net on marketable securities
    		-659,000 -341,000 256,000  -1,841,000 -2,156,000 -2,333,000  -2,346,000 -3,415,000 -4,074,000       
      changes in operating assets and liabilities:
    		                 
      accounts receivable
    		-577,000 -707,000 -1,000 128,000 485,000 -503,000 -95,000 210,000 193,000 33,000 207,000 933,000 914,000 4,509,000 -2,194,000 -1,199,000 -2,481,000 
      prepaid expenses and other assets
    		-7,183,000 3,945,000 2,738,000 -2,147,000 -3,723,000 1,605,000 -2,261,000 906,000 -2,249,000 406,000 -2,255,000 -2,147,000 -5,306,000 1,972,000 6,472,000 -7,604,000  
      prepaid revenue share fee
    		-2,637,000 1,224,000 -429,000 527,000 -2,588,000 1,372,000 439,000 -3,863,000 -1,106,000 -1,659,000 -189,000 -1,575,000 -2,979,000 -1,459,000 -1,300,000 -1,353,000 -2,002,000 
      accounts payable
    		711,000 850,000 -7,721,000 2,673,000 2,149,000 1,565,000 -4,189,000 -1,374,000 8,562,000 -5,211,000 2,548,000 19,000 -2,304,000 3,670,000 -2,137,000 -1,345,000 4,092,000 
      accrued and other long term liabilities
    		-148,586,000 56,756,000 55,683,000 147,268,000 -111,334,000 47,612,000 37,418,000 44,704,000 -75,186,000 34,494,000 29,702,000 28,545,000 -18,623,000     
      deferred revenue
    		30,870,000 3,432,000 -4,256,000 22,675,000 29,057,000 10,261,000 1,507,000 24,362,000 31,262,000 22,806,000 14,371,000 27,723,000 29,743,000 20,191,000 17,232,000 28,974,000 31,742,000 
      operating lease liabilities
    		-1,334,000 -4,566,000 -1,684,000 -1,457,000 -1,540,000 -1,394,000 -1,366,000 -1,287,000 -1,386,000 -1,383,000 1,329,000 500,000 -1,150,000 -849,000 -846,000   
      net cash from operating activities
    		-47,299,000 122,984,000 98,347,000 136,612,000 -35,868,000 114,584,000 80,349,000 94,131,000 -4,860,000 75,005,000 60,757,000 79,280,000 13,175,000 50,923,000 24,932,000 31,730,000 34,893,000 
      capex
    		-6,171,000 -5,063,000 -7,084,000 -2,750,000 -2,043,000 -4,440,000 -2,776,000 -3,730,000 -4,035,000 -8,380,000 -9,410,000 -8,289,000 -7,859,000 -9,681,000 -5,533,000 -6,106,000 -6,832,000 
      free cash flows
    		-53,470,000 117,921,000 91,263,000 133,862,000 -37,911,000 110,144,000 77,573,000 90,401,000 -8,895,000 66,625,000 51,347,000 70,991,000 5,316,000 41,242,000 19,399,000 25,624,000 28,061,000 
      investing activities:
    		                 
      purchases of marketable securities
    		-233,057,000 -145,533,000 -97,381,000 -267,965,000 -347,053,000 -141,261,000 -214,818,000 -317,904,000 -223,101,000 -153,420,000 -258,230,000 -881,287,000 -240,191,000 -192,006,000 -149,066,000   
      sales of marketable securities
    		295,606,000 71,718,000 197,748,000  470,639,000 146,008,000 245,036,000  261,562,000 154,479,000 223,049,000 562,080,000 231,712,000 192,006,000 149,066,000   
      proceeds from divestiture
    		0                 
      purchase of strategic investment
    		0   0 0 0 -1,000,000 0 0 0 -6,000,000       
      purchases of property and equipment
    		-6,171,000 -5,063,000 -7,084,000 -2,750,000 -2,043,000 -4,440,000 -2,776,000 -3,730,000 -4,035,000 -8,380,000 -9,410,000 -8,289,000 -7,859,000 -9,681,000 -5,533,000 -6,106,000 -6,832,000 
      purchases of intangible assets
    		   0 0 -103,000 -215,000           
      net cash from investing activities
    		56,378,000 -76,692,000 93,283,000 -34,197,000 121,543,000 204,000 26,227,000 11,857,000 30,636,000 -7,396,000 -50,605,000 -327,705,000 -16,417,000 -9,838,000 -5,633,000 -82,720,000 -305,020,000 
      financing activities:
    		                 
      repurchase of class a common stock
    		0 -24,605,000 -101,740,000 -47,760,000 -75,160,000 -65,109,000 -84,891,000 -13,549,000 -11,027,000 -38,626,000 -6,471,000       
      payment of dividend
    		-12,119,000 -11,782,000 -11,720,000 -12,184,000 -9,398,000 -9,340,000 -8,480,000 -8,163,000          
      payment of special dividend
    		0 0 -25,316,000 0 0   -49,909,000 0 -18,095,000 -34,000       
      distributions to members
    		-4,471,000 -4,828,000 -5,011,000 -5,024,000 -4,532,000 -10,505,000 -5,077,000 -38,352,000          
      tax distribution to members
    		-110,000 -1,444,000 -24,542,000 0 -879,000 -23,538,000 -562,000 0 0 -13,742,000 -187,000       
      payment of taxes on net settled stock-based awards
    		-5,942,000 -2,318,000 -2,621,000 -2,305,000 -2,115,000 -2,504,000 -2,110,000 -2,120,000 -891,000 -1,395,000 -2,408,000 -3,030,000      
      other financing activities
    		0 0 -334,000  -1,000 1,000 -154,000           
      net cash from financing activities
    		-22,642,000 -44,977,000 -171,284,000 -68,365,000 -92,085,000 -139,823,000 -101,274,000 -112,093,000 -22,560,000 -72,254,000 -9,100,000 -41,123,000 -7,418,000   -643,000 439,519,000 
      net increase in cash, cash equivalents, and restricted cash
    		-13,563,000 1,315,000 20,346,000 34,050,000 -6,410,000 -25,035,000 5,302,000 -6,105,000 3,216,000 -4,645,000 1,052,000 -289,548,000 -10,660,000 40,752,000 19,299,000 -51,633,000 169,392,000 
      cash, cash equivalents, and restricted cash, beginning of period
    		0 0 70,348,000 0 0 0 62,401,000 0 0 0 68,884,000 0 0 0 309,126,000 0 0 
      exchange rate effect on cash and cash equivalents, and restricted cash
    		15,000 81,000 -11,000 3,000 0 16,000 21,000 -81,000 29,000 16,000 35,000 22,000 27,000 -84,000 -50,000   
      cash, cash equivalents, and restricted cash, end of period
    		-13,548,000 1,396,000 90,683,000 34,053,000 -6,410,000 -25,019,000 67,724,000 -6,186,000 3,245,000 -4,629,000 69,971,000 -289,526,000 -10,633,000 40,668,000 328,375,000 -51,500,000 169,392,000 
      cash flows from operating activities:
    		                 
      adjustments to reconcile net income to net cash from operating activities:
    		                 
      depreciation on property and equipment
    		           4,732,000 3,713,000 3,590,000 3,489,000   
      amortization on intangible assets
    		           818,000 816,000 739,000 895,000   
      impairment of assets
    		       1,268,000 0 74,000 3,633,000 1,851,000      
      deferred income tax expense
    		           -1,878,000 -572,000 -227,000 206,000   
      premium amortization (discount accretion) on marketable securities
    		                 
      cash flows from investing activities:
    		                 
      business combinations, net of cash acquired
    		                 
      proceeds from sales and maturities of marketable securities
    		                 
      cash flows used in financing activities:
    		                 
      deferred consideration payment
    		                 
      business combinations
    		                 
      debt issuance costs
    		       0 0         
      warrant liabilities
    		               0 0 
      deferred rent
    		               -95,000 -120,000 
      cash flows from financing activities:
    		                 
      ipo proceeds, net of underwriter fees and issuance costs
    		               -657,000  
      proceeds from issuance of members’ equity, net of issuance costs
    		                 
      issuance of warrants
    		               0 0 
      proceeds from the exercise of warrants
    		               0 0 
      purchase of intangible assets
    		        -40,000 -75,000 -14,000  -79,000     
      loss on asset disposal
    		                 
      cash flows used in investing activities:
    		                 
      issuance of loan
    		                 
      repurchase of class a common stock/members’ deficit
    		           0      
      distribution to post-reorganization members
    		               14,000  
      distribution to alclear members
    		                 
      payment of revolver loan costs
    		               0 0 
      distribution to members
    		            -135,000     
      proceeds from issuance of members’ deficit, net of cost
    		                 
      ipo proceeds, net of underwriter fees and payment of issuance costs
    		                 
      impairment of long-lived assets
    		             0 313,000   
      amortization, net on marketable securities
    		             72,000 287,000   
      repurchase of members’ deficit
    		                 
      payment of issuance costs
    		                 
      accrued liabilities
    		              7,261,000 21,430,000 23,896,000 
      capitalized intangible assets
    		              -100,000 -109,000 -450,000 
      repurchase of members’ equity
    		               0 0 
      proceeds from issuance of members’ equity, net of cost
    		                0 
      depreciation and amortization
    		               3,168,000 3,988,000 
      net exchange differences on cash and cash equivalents, and restricted cash
    		                 
      purchases of marketable debt securities
    		                -625,816,000 
      sales of marketable debt securities
    		                328,078,000 
      prepaid expenses and other current assets
    		                 
      payment of deferred issuance costs
    		                 
    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.