ZipRecruiter Inc(NYSE:ZIP) 
ZipRecruiter is an American employment marketplace for job seekers and employers. The company is headquartered in Santa Monica, California with offices in Tempe, AZ; London, UK and Tel Aviv, Israel.
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 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 | 111,673,000 | 114,982,000 | 112,232,000 | 110,065,000 | 111,020,000 | 117,084,000 | 123,658,000 | 122,239,000 | 135,922,000 | 155,630,000 | 170,421,000 | 183,749,000 | 210,478,000 | 226,968,000 | 239,943,000 | 227,260,000 | 220,137,000 | 212,672,000 | 182,960,000 |
yoy | 0.59% | -1.80% | -9.24% | -9.96% | -18.32% | -24.77% | -27.44% | -33.48% | -35.42% | -31.43% | -28.97% | -19.15% | -4.39% | 6.72% | 31.15% | ||||
qoq | -2.88% | 2.45% | 1.97% | -0.86% | -5.18% | -5.32% | 1.16% | -10.07% | -12.66% | -8.68% | -7.25% | -12.70% | -7.27% | -5.41% | 5.58% | 3.24% | 3.51% | 16.24% | |
cost of revenue | 12,139,000 | 12,515,000 | 11,963,000 | 11,655,000 | 11,504,000 | 12,382,000 | 12,943,000 | 13,321,000 | 13,478,000 | 14,533,000 | 15,676,000 | 20,622,000 | 21,096,000 | 21,839,000 | 21,757,000 | 21,606,000 | 19,776,000 | 22,277,000 | 21,600,000 |
gross profit | 99,534,000 | 102,467,000 | 100,269,000 | 98,410,000 | 99,516,000 | 104,702,000 | 110,715,000 | 108,918,000 | 122,444,000 | 141,097,000 | 154,745,000 | 163,127,000 | 189,382,000 | 205,129,000 | 218,186,000 | 205,654,000 | 200,361,000 | 190,395,000 | 161,360,000 |
yoy | 0.02% | -2.13% | -9.44% | -9.65% | -18.73% | -25.79% | -28.45% | -33.23% | -35.35% | -31.22% | -29.08% | -20.68% | -5.48% | 7.74% | 35.22% | ||||
qoq | -2.86% | 2.19% | 1.89% | -1.11% | -4.95% | -5.43% | 1.65% | -11.05% | -13.22% | -8.82% | -5.14% | -13.86% | -7.68% | -5.98% | 6.09% | 2.64% | 5.23% | 17.99% | |
gross margin % | 89.13% | 89.12% | 89.34% | 89.41% | 89.64% | 89.42% | 89.53% | 89.10% | 90.08% | 90.66% | 90.80% | 88.78% | 89.98% | 90.38% | 90.93% | 90.49% | 91.02% | 89.53% | 88.19% |
operating expenses | |||||||||||||||||||
sales and marketing | 51,423,000 | 59,952,000 | 58,065,000 | 58,468,000 | 54,723,000 | 54,928,000 | 51,464,000 | 54,693,000 | 49,082,000 | 55,648,000 | 72,171,000 | 88,352,000 | 97,634,000 | 112,574,000 | 136,631,000 | 137,590,000 | 120,840,000 | 112,178,000 | 114,171,000 |
research and development | 28,350,000 | 30,854,000 | 32,095,000 | 33,266,000 | 31,740,000 | 33,705,000 | 33,310,000 | 36,076,000 | 32,754,000 | 32,136,000 | 38,617,000 | 38,294,000 | 34,160,000 | 33,008,000 | 30,925,000 | 29,644,000 | 28,391,000 | 27,155,000 | 37,909,000 |
general and administrative | 15,761,000 | 16,688,000 | 16,771,000 | 18,345,000 | 17,069,000 | 19,308,000 | 16,518,000 | 19,055,000 | 27,321,000 | 20,647,000 | 21,433,000 | 25,521,000 | 29,152,000 | 30,076,000 | 25,533,000 | 24,196,000 | 25,639,000 | 33,094,000 | 77,597,000 |
total operating expenses | 95,534,000 | 107,494,000 | 106,931,000 | 110,079,000 | 103,532,000 | 107,941,000 | 101,292,000 | 109,824,000 | 109,157,000 | 108,431,000 | 132,221,000 | 152,167,000 | 160,946,000 | 175,658,000 | 193,089,000 | 191,430,000 | 174,870,000 | 172,427,000 | 229,677,000 |
income from operations | 4,000,000 | -5,027,000 | -6,662,000 | -11,669,000 | -4,016,000 | -3,239,000 | 9,423,000 | -906,000 | 13,287,000 | 32,666,000 | 22,524,000 | 10,960,000 | 28,436,000 | 29,471,000 | 25,097,000 | 14,224,000 | 25,491,000 | 17,968,000 | -68,317,000 |
yoy | -199.60% | 55.20% | -170.70% | 1187.97% | -130.23% | -109.92% | -58.16% | -108.27% | -53.27% | 10.84% | -10.25% | -22.95% | 11.55% | 64.02% | -136.74% | ||||
qoq | -179.57% | -24.54% | -42.91% | 190.56% | 23.99% | -134.37% | -1140.07% | -106.82% | -59.32% | 45.03% | 105.51% | -61.46% | -3.51% | 17.43% | 76.44% | -44.20% | 41.87% | -126.30% | |
operating margin % | 3.58% | -4.37% | -5.94% | -10.60% | -3.62% | -2.77% | 7.62% | -0.74% | 9.78% | 20.99% | 13.22% | 5.96% | 13.51% | 12.98% | 10.46% | 6.26% | 11.58% | 8.45% | -37.34% |
other income | 3,942,000 | 4,119,000 | 4,953,000 | 5,355,000 | 5,040,000 | 6,320,000 | 5,599,000 | 4,879,000 | 5,775,000 | 4,695,000 | 5,014,000 | 5,022,000 | 5,022,000 | 321,000 | 36,000 | -25,000 | -19,000 | -154,000 | -40,000 |
interest expense | -7,430,000 | -7,406,000 | -7,401,000 | -7,392,000 | -7,405,000 | -7,475,000 | -7,361,000 | -7,356,000 | -7,355,000 | -7,351,000 | -7,346,000 | -7,341,000 | -7,341,000 | -7,361,000 | -7,511,000 | -6,285,000 | -220,000 | -221,000 | -266,000 |
total other income | -3,488,000 | -3,287,000 | -2,448,000 | -2,037,000 | -2,365,000 | -1,155,000 | -1,762,000 | -2,477,000 | -1,580,000 | -2,656,000 | -2,332,000 | -6,310,000 | -239,000 | -375,000 | |||||
income before income taxes | 512,000 | -8,314,000 | -9,110,000 | -13,706,000 | -6,381,000 | -4,394,000 | 7,661,000 | -3,383,000 | 11,707,000 | 30,010,000 | 20,192,000 | 8,641,000 | 26,117,000 | 22,431,000 | 17,622,000 | 7,914,000 | 25,252,000 | 17,593,000 | -68,764,000 |
income tax expense | 1,347,000 | 1,508,000 | 396,000 | -875,000 | 4,412,000 | -1,824,000 | 647,000 | 3,122,000 | 6,076,000 | 5,934,000 | 5,812,000 | 3,630,000 | 6,706,000 | 1,875,000 | 4,512,000 | -503,000 | 4,263,000 | -4,467,000 | -15,917,000 |
net income | -835,000 | -9,822,000 | -9,506,000 | -12,831,000 | -10,793,000 | -2,570,000 | 7,014,000 | -6,505,000 | 5,631,000 | 24,076,000 | 14,380,000 | 5,011,000 | 19,411,000 | 20,556,000 | 13,110,000 | 8,417,000 | 20,989,000 | 22,060,000 | -52,847,000 |
yoy | -92.26% | 282.18% | -235.53% | 97.25% | -291.67% | -110.67% | -51.22% | -229.81% | -70.99% | 17.12% | 9.69% | -40.47% | -7.52% | -6.82% | -124.81% | ||||
qoq | -91.50% | 3.32% | -25.91% | 18.88% | 319.96% | -136.64% | -207.82% | -215.52% | -76.61% | 67.43% | 186.97% | -74.18% | -5.57% | 56.80% | 55.76% | -59.90% | -4.85% | -141.74% | |
net income margin % | -0.75% | -8.54% | -8.47% | -11.66% | -9.72% | -2.20% | 5.67% | -5.32% | 4.14% | 15.47% | 8.44% | 2.73% | 9.22% | 9.06% | 5.46% | 3.70% | 9.53% | 10.37% | -28.88% |
net income per share | |||||||||||||||||||
basic | -0.02 | -0.11 | -0.1 | -0.11 | -0.03 | 0.07 | -0.07 | 0.06 | 0.24 | 0.14 | 0.05 | 0.18 | 0.18 | 0.11 | 0.07 | 0.21 | 0.19 | -0.55 | |
diluted | -0.02 | -0.11 | -0.1 | -0.11 | -0.03 | 0.07 | -0.07 | 0.05 | 0.23 | 0.14 | 0.05 | 0.17 | 0.17 | 0.11 | 0.07 | 0.21 | 0.17 | -0.55 | |
weighted-average shares used for eps calculation | |||||||||||||||||||
basic | 89,867 | 86,295 | 90,569 | 98,588 | 98,485 | 99,171 | 98,962 | 100,730 | 99,800 | 100,212 | 104,261 | 114,272 | 113,059 | 116,791 | 118,806 | 102,230 | 115,372 | 96,726 | |
diluted | 89,867 | 86,295 | 90,569 | 98,588 | 98,485 | 103,045 | 98,962 | 105,781 | 104,707 | 105,419 | 109,984 | 121,398 | 119,810 | 124,091 | 127,050 | 115,471 | 126,474 | 96,726 | |
net income per share | |||||||||||||||||||
basic and diluted | -0.13 | ||||||||||||||||||
weighted-average shares used for eps calculation | |||||||||||||||||||
basic and diluted | 98,066 | ||||||||||||||||||
total other expense | -2,319,000 | -2,319,000 | -7,040,000 | -7,475,000 | -447,000 | ||||||||||||||
less: accretion of redeemable convertible preferred stock | -483,000 | ||||||||||||||||||
net income attributable to class a and class b common stockholders | 19,411,000 | 20,556,000 | 13,110,000 | 8,417,000 | 20,821,000 | 22,060,000 | -53,330,000 | ||||||||||||
sublease income | -141,000 | ||||||||||||||||||
less: undistributed earnings attributable to participating securities | |||||||||||||||||||
operating expenses: |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 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 | 188,028,000 | 211,809,000 | 203,456,000 | 221,077,000 | 218,432,000 | 225,614,000 | 271,688,000 | 282,500,000 | 283,043,000 | 243,339,000 | 238,663,000 | 214,526,000 | 227,380,000 | 482,978,000 | |||||
marketable securities | 221,109,000 | 199,161,000 | 217,711,000 | 247,147,000 | 287,449,000 | 271,959,000 | 251,651,000 | 230,481,000 | 237,074,000 | 253,665,000 | 258,565,000 | 304,561,000 | 342,975,000 | 186,723,000 | |||||
accounts receivable | 25,666,000 | 24,871,000 | 25,777,000 | 24,809,000 | 23,454,000 | 24,314,000 | 27,829,000 | 26,255,000 | 27,247,000 | 32,990,000 | 32,899,000 | 36,262,000 | 44,421,000 | 47,640,000 | 51,996,000 | 51,680,000 | 41,657,000 | 43,502,000 | 36,312,000 |
prepaid expenses and other assets | 11,097,000 | 11,041,000 | 10,028,000 | 9,905,000 | 10,059,000 | 17,986,000 | 12,683,000 | 7,913,000 | 9,853,000 | 11,031,000 | 9,924,000 | 9,697,000 | 11,334,000 | 13,102,000 | 10,599,000 | 11,066,000 | 13,106,000 | ||
deferred commissions, current portion | 2,951,000 | 2,898,000 | 2,707,000 | 3,984,000 | 4,279,000 | 4,524,000 | 4,796,000 | 4,982,000 | 5,071,000 | 5,090,000 | 4,958,000 | 4,910,000 | 4,870,000 | 4,740,000 | 4,652,000 | 4,608,000 | 4,640,000 | 4,397,000 | 4,103,000 |
total current assets | 448,851,000 | 449,780,000 | 459,679,000 | 506,922,000 | 543,673,000 | 544,397,000 | 568,647,000 | 552,131,000 | 562,288,000 | 546,115,000 | 545,009,000 | 569,956,000 | 632,294,000 | 733,415,000 | 769,673,000 | 812,280,000 | 310,639,000 | 263,846,000 | 206,863,000 |
property and equipment | 4,076,000 | 4,343,000 | 4,684,000 | 4,676,000 | 4,889,000 | 5,053,000 | 5,336,000 | 5,755,000 | 6,213,000 | 6,746,000 | 7,147,000 | 7,828,000 | 8,103,000 | 8,521,000 | 8,884,000 | 9,050,000 | 8,702,000 | 9,096,000 | 8,935,000 |
operating lease right-of-use assets | 9,715,000 | 10,180,000 | 11,191,000 | 5,738,000 | 6,007,000 | 7,021,000 | 8,015,000 | 8,990,000 | 8,744,000 | 9,766,000 | 10,854,000 | 11,925,000 | 12,179,000 | 13,145,000 | 14,220,000 | 15,900,000 | 18,515,000 | 18,387,000 | 19,709,000 |
internal-use software | 16,050,000 | 16,564,000 | 17,678,000 | 18,222,000 | 18,510,000 | 18,889,000 | 19,484,000 | 18,359,000 | 18,609,000 | 18,186,000 | 17,130,000 | 16,737,000 | 15,433,000 | ||||||
deferred commissions, net of current portion | 3,770,000 | 4,036,000 | 4,039,000 | 2,673,000 | 2,915,000 | 3,151,000 | 3,565,000 | 3,901,000 | 4,114,000 | 4,383,000 | 4,495,000 | 4,704,000 | 4,813,000 | 4,522,000 | 4,135,000 | 3,962,000 | 4,011,000 | 3,718,000 | 3,474,000 |
intangible assets | 3,369,000 | 3,865,000 | 4,362,000 | 4,853,000 | 5,339,000 | 5,836,000 | |||||||||||||
goodwill | 8,518,000 | 8,518,000 | 8,518,000 | 8,518,000 | 8,518,000 | 8,518,000 | 1,724,000 | 1,724,000 | 1,724,000 | 1,724,000 | 1,724,000 | 1,724,000 | 1,724,000 | 1,724,000 | 1,724,000 | 1,724,000 | 1,724,000 | 1,724,000 | 1,724,000 |
deferred tax assets | 75,192,000 | 75,959,000 | 81,839,000 | 77,280,000 | 73,737,000 | 58,628,000 | 57,909,000 | 70,736,000 | 57,050,000 | 55,487,000 | 46,953,000 | 43,260,000 | 38,653,000 | 40,626,000 | 43,385,000 | 43,388,000 | 38,029,000 | 41,355,000 | 36,526,000 |
other assets | 202,000 | 307,000 | 408,000 | 494,000 | 472,000 | 539,000 | 593,000 | 848,000 | 758,000 | 823,000 | 896,000 | 973,000 | 1,039,000 | 1,025,000 | 1,091,000 | 1,151,000 | 3,342,000 | 1,233,000 | 1,300,000 |
total assets | 569,743,000 | 573,552,000 | 592,398,000 | 629,376,000 | 664,060,000 | 652,032,000 | 665,273,000 | 662,444,000 | 659,500,000 | 643,230,000 | 634,208,000 | 657,107,000 | 714,563,000 | 818,411,000 | 858,129,000 | 901,921,000 | 398,619,000 | 352,169,000 | 290,741,000 |
liabilities and stockholders' equity | |||||||||||||||||||
current liabilities | |||||||||||||||||||
accounts payable | 9,115,000 | 11,377,000 | 8,126,000 | 8,790,000 | 10,519,000 | 8,993,000 | 7,549,000 | 9,846,000 | 11,839,000 | 8,614,000 | 12,761,000 | 16,145,000 | 21,175,000 | 13,736,000 | 25,302,000 | 22,000,000 | 24,862,000 | 32,458,000 | 31,978,000 |
accrued expenses | 36,610,000 | 42,747,000 | 43,086,000 | 40,765,000 | 43,493,000 | 42,532,000 | 38,074,000 | 34,982,000 | 41,741,000 | 41,406,000 | 45,630,000 | 51,834,000 | 69,115,000 | 75,761,000 | 71,000,000 | 72,371,000 | 86,213,000 | 67,466,000 | 54,699,000 |
accrued interest | 12,864,000 | 5,989,000 | 12,862,000 | 5,985,000 | 12,866,000 | 5,989,000 | 12,837,000 | 5,935,000 | 12,837,000 | 5,964,000 | 12,682,000 | 5,935,000 | 12,837,000 | 5,938,000 | 13,040,000 | 5,957,000 | |||
deferred revenue | 9,731,000 | 11,268,000 | 11,710,000 | 11,724,000 | 10,837,000 | 12,215,000 | 12,471,000 | 13,019,000 | 12,860,000 | 16,224,000 | 17,660,000 | 19,486,000 | 19,580,000 | 24,059,000 | 25,173,000 | 25,498,000 | 23,253,000 | 25,414,000 | 23,081,000 |
operating lease liabilities, current portion | 2,213,000 | 2,429,000 | 2,183,000 | 2,085,000 | 2,786,000 | 3,749,000 | 4,699,000 | 4,959,000 | 4,429,000 | 4,464,000 | 4,944,000 | 5,392,000 | 5,429,000 | 5,677,000 | 6,051,000 | 6,033,000 | 6,109,000 | 5,684,000 | 5,137,000 |
other current liabilities | 363,000 | 1,501,000 | 5,779,000 | 2,901,000 | 1,093,000 | 16,000 | 141,000 | 14,384,000 | 1,164,000 | 14,148,000 | 7,479,000 | 4,362,000 | 1,527,000 | 2,456,000 | 7,756,000 | 5,735,000 | |||
total current liabilities | 70,896,000 | 75,311,000 | 83,746,000 | 72,250,000 | 81,594,000 | 73,494,000 | 75,771,000 | 83,125,000 | 84,870,000 | 90,820,000 | 101,156,000 | 103,154,000 | 129,663,000 | 127,627,000 | 148,322,000 | 137,594,000 | 142,894,000 | 132,831,000 | 116,686,000 |
operating lease liabilities, net of current portion | 10,688,000 | 11,328,000 | 11,964,000 | 6,286,000 | 6,286,000 | 6,672,000 | 7,047,000 | 8,120,000 | 8,721,000 | 9,935,000 | 11,133,000 | 12,291,000 | 13,018,000 | 14,339,000 | 15,934,000 | 17,530,000 | 19,179,000 | 19,856,000 | 21,479,000 |
long-term borrowings | 544,780,000 | 544,491,000 | 544,207,000 | 543,926,000 | 543,649,000 | 543,376,000 | 543,106,000 | 542,840,000 | 542,577,000 | 542,317,000 | 542,061,000 | 541,808,000 | 541,559,000 | 541,313,000 | 541,070,000 | 540,862,000 | |||
other long-term liabilities | 20,580,000 | 18,570,000 | 18,349,000 | 18,240,000 | 19,101,000 | 14,899,000 | 14,918,000 | 15,709,000 | 14,967,000 | 12,090,000 | 5,710,000 | 3,717,000 | 1,703,000 | 1,870,000 | 3,223,000 | 2,318,000 | |||
total liabilities | 646,944,000 | 649,700,000 | 658,266,000 | 640,702,000 | 650,630,000 | 638,441,000 | 640,842,000 | 649,794,000 | 651,135,000 | 655,162,000 | 660,060,000 | 660,970,000 | 685,943,000 | 685,149,000 | 708,549,000 | 698,304,000 | 163,651,000 | 156,140,000 | 141,839,000 |
commitments and contingencies | |||||||||||||||||||
stockholders' equity | |||||||||||||||||||
preferred stock, 0.00001 par value... | |||||||||||||||||||
class a common stock, 0.00001 par value... | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
class b convertible common stock, 0.00001 par value... | |||||||||||||||||||
class b treasury stock, 195 shares outstanding as of december 31, 2025 and december 31, 2024 | -644,000 | ||||||||||||||||||
additional paid-in capital | 20,549,000 | 32,402,000 | 21,656,000 | 30,147,000 | 25,396,000 | 14,526,000 | 35,926,000 | 159,752,000 | 196,480,000 | 263,627,000 | 303,395,000 | 285,445,000 | 260,378,000 | ||||||
accumulated deficit | -76,590,000 | -75,573,000 | -65,234,000 | -31,216,000 | -18,385,000 | -7,592,000 | -5,022,000 | -12,036,000 | -5,531,000 | -11,162,000 | -24,933,000 | -3,008,000 | -6,290,000 | -25,701,000 | -46,257,000 | -59,367,000 | -67,784,000 | -88,773,000 | -110,833,000 |
accumulated other comprehensive income | 32,000 | 68,000 | 9,000 | -16,000 | 56,000 | 170,000 | -51,000 | -67,000 | 13,000 | ||||||||||
total stockholders' equity | -77,201,000 | -76,148,000 | -65,868,000 | -11,326,000 | 13,430,000 | 13,591,000 | 24,431,000 | 12,650,000 | 8,365,000 | -11,932,000 | -25,852,000 | -3,863,000 | 28,620,000 | 133,262,000 | 149,580,000 | 203,617,000 | 234,968,000 | 196,029,000 | 148,902,000 |
total liabilities and stockholders' equity | 569,743,000 | 573,552,000 | 592,398,000 | 629,376,000 | 664,060,000 | 652,032,000 | 665,273,000 | 662,444,000 | 659,500,000 | 643,230,000 | 634,208,000 | 657,107,000 | 714,563,000 | 818,411,000 | 858,129,000 | 901,921,000 | |||
class b treasury stock, 195 shares outstanding as of september 30, 2025 and december 31, 2024 | -644,000 | ||||||||||||||||||
class b treasury stock, 195 shares outstanding as of june 30, 2025 and december 31, 2024 | -644,000 | ||||||||||||||||||
class b treasury stock, 195 shares outstanding as of march 31, 2025 and december 31, 2024 | -644,000 | ||||||||||||||||||
class b treasury stock, 195 shares outstanding as of december 31, 2024 and december 31, 2023 | -644,000 | ||||||||||||||||||
class b common stock, 0.00001 par value... | |||||||||||||||||||
class b treasury stock, 195 shares outstanding as of september 30, 2024 and december 31, 2023 | -644,000 | ||||||||||||||||||
class b treasury stock, 195 shares outstanding as of june 30, 2024 and december 31, 2023 | -644,000 | ||||||||||||||||||
class b treasury stock, 195 shares outstanding as of march 31, 2024 and december 31, 2023 | -644,000 | ||||||||||||||||||
class b treasury stock, 195 shares outstanding as of december 31, 2023 and december 31, 2022 | -644,000 | ||||||||||||||||||
class b treasury stock, 195 shares outstanding as of september 30, 2023 and december 31, 2022 | -644,000 | ||||||||||||||||||
accumulated other comprehensive loss | -127,000 | -276,000 | -212,000 | -373,000 | -146,000 | ||||||||||||||
class b treasury stock, 195 shares outstanding as of june 30, 2023 and december 31, 2022 | -644,000 | ||||||||||||||||||
class b treasury stock, 195 shares outstanding as of march 31, 2023 and december 31, 2022 | -644,000 | ||||||||||||||||||
prepaid expenses and other current assets | 12,648,000 | 9,721,000 | |||||||||||||||||
internal use software | 15,758,000 | 15,017,000 | 14,466,000 | 13,657,000 | 12,810,000 | 12,210,000 | |||||||||||||
class b treasury stock, 195 shares outstanding as of december 31, 2022 and december 31, 2021 | -644,000 | ||||||||||||||||||
class b treasury stock, 195 shares outstanding as of september 30, 2022 and december 31, 2021 | -644,000 | ||||||||||||||||||
cash | 699,923,000 | 745,393,000 | 254,621,000 | 204,881,000 | 153,342,000 | ||||||||||||||
class b treasury stock, 195 shares outstanding as of june 30, 2022 and december 31, 2021 | -644,000 | ||||||||||||||||||
class b treasury stock, 195 shares outstanding as of march 31, 2022 and december 31, 2021 | -644,000 | ||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders' equity | |||||||||||||||||||
other liabilities | 2,457,000 | 132,000 | 114,000 | ||||||||||||||||
convertible notes and accrued interest with related parties | |||||||||||||||||||
redeemable convertible preferred stock | |||||||||||||||||||
series a, 0.00001 par value... | |||||||||||||||||||
series b, 0.00001 par value... | |||||||||||||||||||
total redeemable convertible preferred stock | |||||||||||||||||||
class b treasury stock, 195 shares outstanding as of december 31, 2021 and december 31, 2020 | -644,000 | ||||||||||||||||||
total liabilities, redeemable convertible preferred stock, and stockholders' equity | 398,619,000 | 352,169,000 | 290,741,000 | ||||||||||||||||
deferred payroll tax liability, current portion | 1,677,000 | 1,677,000 | |||||||||||||||||
deferred payroll tax liability, net of current portion | 1,828,000 | 1,829,000 | |||||||||||||||||
class b treasury stock, 195 shares outstanding as of september 30, 2021 and december 31, 2020 | -644,000 | ||||||||||||||||||
class b treasury stock, 195 shares outstanding as of june 30, 2021 and december 31, 2020 | -644,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 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 | -10,793,000 | -2,570,000 | 7,014,000 | -6,505,000 | 5,631,000 | 24,076,000 | 14,380,000 | 5,011,000 | 19,411,000 | 20,556,000 | 13,110,000 | 8,417,000 | 20,989,000 | 22,060,000 | ||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||
stock-based compensation expense | 9,347,000 | 11,060,000 | 12,612,000 | 14,627,000 | 15,200,000 | 15,033,000 | 15,589,000 | 18,576,000 | 25,930,000 | 19,095,000 | 17,639,000 | 21,571,000 | 19,478,000 | 19,324,000 | 17,660,000 | 20,494,000 | 19,633,000 | 22,033,000 |
depreciation and amortization | 2,877,000 | 3,216,000 | 3,393,000 | 2,976,000 | 3,205,000 | 3,139,000 | 2,837,000 | 3,110,000 | 3,165,000 | 2,619,000 | 3,109,000 | 2,731,000 | 2,693,000 | 2,867,000 | 2,637,000 | 2,485,000 | 2,464,000 | 2,464,000 |
provision for bad debts | -558,000 | 241,000 | 1,207,000 | 376,000 | 912,000 | 1,701,000 | 973,000 | 472,000 | 758,000 | 500,000 | 617,000 | |||||||
deferred income taxes | 1,459,000 | 5,880,000 | -4,575,000 | -4,607,000 | -13,953,000 | -719,000 | 12,827,000 | -13,686,000 | -1,563,000 | -8,534,000 | -3,693,000 | -4,607,000 | 1,923,000 | 2,809,000 | 3,000 | -5,359,000 | 3,326,000 | -4,829,000 |
non-cash lease expense | 466,000 | 589,000 | 968,000 | 1,047,000 | 1,015,000 | 993,000 | 975,000 | 986,000 | 1,022,000 | 1,088,000 | 1,071,000 | 1,031,000 | 966,000 | 1,014,000 | 1,149,000 | 1,304,000 | 1,274,000 | |
amortization and accretion of marketable securities | -1,357,000 | -1,447,000 | -1,876,000 | -2,256,000 | -2,658,000 | -2,735,000 | -2,692,000 | -2,564,000 | -2,747,000 | -2,773,000 | -2,780,000 | -3,020,000 | ||||||
other | 367,000 | 1,014,000 | 460,000 | 725,000 | 565,000 | 1,368,000 | 600,000 | 1,112,000 | 351,000 | 371,000 | 513,000 | 313,000 | 652,000 | 114,000 | 949,000 | 1,619,000 | ||
change in operating assets and liabilities: | ||||||||||||||||||
accounts receivable | -1,014,000 | 492,000 | -1,177,000 | -1,653,000 | 649,000 | 3,204,000 | -1,717,000 | 1,550,000 | 5,502,000 | -1,298,000 | 2,987,000 | 7,247,000 | 1,518,000 | 3,383,000 | -788,000 | -10,781,000 | 1,345,000 | -7,807,000 |
prepaid expenses and other assets | -56,000 | -1,017,000 | -119,000 | 72,000 | 7,936,000 | -5,278,000 | -4,768,000 | 1,978,000 | ||||||||||
deferred commissions | 213,000 | -188,000 | -89,000 | 537,000 | 482,000 | 685,000 | 522,000 | 302,000 | 289,000 | -21,000 | 160,000 | 70,000 | -421,000 | -475,000 | -217,000 | 81,000 | -536,000 | -538,000 |
other assets | -278,000 | 307,000 | 240,000 | 435,000 | 98,000 | 187,000 | 280,000 | 202,000 | -180,000 | 313,000 | 7,000 | 106,000 | -287,000 | -36,000 | -3,000 | 2,129,000 | -2,173,000 | 4,000 |
accounts payable | -2,272,000 | 3,256,000 | -638,000 | -1,718,000 | 1,514,000 | 1,427,000 | -2,310,000 | -2,014,000 | 3,255,000 | -4,121,000 | -3,451,000 | -5,019,000 | 7,429,000 | -11,425,000 | 3,299,000 | -2,882,000 | -7,445,000 | 192,000 |
accrued expenses and other liabilities | -5,929,000 | -3,456,000 | 4,405,000 | -148,000 | 4,863,000 | 2,746,000 | -12,455,000 | 7,613,000 | -9,888,000 | 8,237,000 | -334,000 | -13,899,000 | -7,998,000 | -1,585,000 | -272,000 | -9,306,000 | 17,334,000 | 13,137,000 |
accrued interest | 6,875,000 | -6,873,000 | 6,877,000 | -6,881,000 | 6,877,000 | -6,902,000 | -6,718,000 | 6,747,000 | -6,902,000 | 6,767,000 | -7,102,000 | 7,083,000 | 5,957,000 | |||||
deferred revenue | -1,555,000 | -433,000 | 9,000 | 891,000 | -1,371,000 | -349,000 | -550,000 | 152,000 | -3,371,000 | -1,442,000 | -1,818,000 | -95,000 | -4,476,000 | -1,102,000 | -327,000 | 2,234,000 | -2,176,000 | 2,325,000 |
operating lease liabilities | -814,000 | -381,000 | -645,000 | -1,428,000 | -1,348,000 | -1,326,000 | -1,333,000 | -1,319,000 | -1,249,000 | -1,678,000 | -1,605,000 | -1,509,000 | -1,569,000 | -1,828,000 | -1,578,000 | -1,726,000 | -1,654,000 | -1,076,000 |
net cash from operating activities | 7,713,000 | 2,611,000 | 10,548,000 | -9,914,000 | 12,492,000 | 9,346,000 | 21,864,000 | 2,033,000 | 34,439,000 | 29,300,000 | 33,083,000 | 6,370,000 | 44,460,000 | 29,251,000 | 40,664,000 | 14,433,000 | 54,361,000 | 52,060,000 |
capital expenditures | -1,476,000 | -1,407,000 | -1,678,000 | -2,914,000 | -1,867,000 | -2,131,000 | -2,537,000 | -2,996,000 | -2,322,000 | -2,670,000 | -2,188,000 | -3,482,000 | -1,984,000 | -560,000 | -797,000 | -3,516,000 | -2,173,000 | -2,948,000 |
free cash flows | 6,237,000 | 1,204,000 | 8,870,000 | -12,828,000 | 10,625,000 | 7,215,000 | 19,327,000 | -963,000 | 32,117,000 | 26,630,000 | 30,895,000 | 2,888,000 | 42,476,000 | 28,691,000 | 39,867,000 | 10,917,000 | 52,188,000 | 49,112,000 |
cash flows from investing activities | ||||||||||||||||||
purchases of property and equipment | -102,000 | -374,000 | -307,000 | -295,000 | -449,000 | -190,000 | -157,000 | -126,000 | -109,000 | -357,000 | -38,000 | -414,000 | -468,000 | -560,000 | -678,000 | -986,000 | -399,000 | -1,255,000 |
acquisition of business, net of cash acquired | 0 | |||||||||||||||||
capitalized internal-use software costs | -1,374,000 | -1,033,000 | -1,371,000 | -2,619,000 | -1,418,000 | -1,941,000 | -2,380,000 | -2,870,000 | -2,213,000 | -2,313,000 | -2,150,000 | -3,068,000 | -1,516,000 | |||||
purchases of marketable securities | -123,482,000 | -131,570,000 | -123,405,000 | -146,657,000 | -152,515,000 | -182,263,000 | -155,105,000 | -142,717,000 | -97,503,000 | -122,023,000 | -84,646,000 | -117,122,000 | -180,336,000 | |||||
sales of marketable securities | 0 | 0 | 0 | 983,000 | ||||||||||||||
paydowns, maturities, and redemptions of marketable securities | 103,176,000 | 151,359,000 | 154,520,000 | 187,642,000 | 139,477,000 | 164,717,000 | 136,542,000 | 151,452,000 | 117,170,000 | 129,505,000 | 133,394,000 | 158,623,000 | ||||||
net cash from investing activities | -21,782,000 | 18,382,000 | 29,437,000 | 39,054,000 | -14,905,000 | -31,717,000 | -21,100,000 | 5,739,000 | 17,345,000 | 4,812,000 | 46,560,000 | 38,019,000 | -155,855,000 | -190,966,000 | -797,000 | -3,516,000 | -2,173,000 | -2,948,000 |
cash flows from financing activities | ||||||||||||||||||
repurchase of common stock | -8,000,000 | -10,012,000 | -56,618,000 | -27,475,000 | -2,711,000 | -22,627,000 | -8,635,000 | -6,373,000 | -8,412,000 | -28,269,000 | -52,144,000 | -58,740,000 | -140,578,000 | -53,451,000 | -82,878,000 | -62,349,000 | 0 | 0 |
proceeds from exercise of stock options | 336,000 | 79,000 | 911,000 | 1,516,000 | 422,000 | 906,000 | 345,000 | 271,000 | 282,000 | 979,000 | 1,223,000 | 1,787,000 | 797,000 | 553,000 | 1,206,000 | 2,191,000 | 2,791,000 | 2,427,000 |
payments of tax withholdings on net settlement of equity awards | -2,048,000 | -1,779,000 | -1,899,000 | -2,201,000 | -2,480,000 | -3,025,000 | -3,286,000 | -4,795,000 | -3,935,000 | -4,321,000 | -4,585,000 | -4,511,000 | -4,422,000 | |||||
proceeds from issuance of stock under employee stock purchase plan | 0 | 0 | 0 | 1,665,000 | 0 | 1,043,000 | 0 | 2,582,000 | -15,000 | 2,175,000 | 0 | 4,221,000 | 0 | 2,836,000 | 0 | 5,293,000 | ||
payment of acquisition-related non-employee investor holdback consideration | 0 | |||||||||||||||||
net cash from financing activities | -9,712,000 | -12,640,000 | -57,606,000 | -26,495,000 | -4,769,000 | -23,703,000 | -11,576,000 | -8,315,000 | -12,080,000 | -29,436,000 | -55,506,000 | -57,243,000 | -144,203,000 | -55,230,000 | -85,337,000 | 479,855,000 | -2,448,000 | 2,427,000 |
net increase in cash and cash equivalents | 2,645,000 | -7,182,000 | -46,074,000 | 39,704,000 | 4,676,000 | 24,137,000 | -12,854,000 | |||||||||||
cash and cash equivalents | ||||||||||||||||||
beginning of period | 0 | 0 | 0 | 218,432,000 | 0 | 0 | 0 | 283,043,000 | 0 | 0 | 0 | 227,380,000 | 0 | 0 | 0 | 254,621,000 | 0 | 0 |
end of period | -23,781,000 | 8,353,000 | -17,621,000 | 221,077,000 | -7,182,000 | -46,074,000 | -10,812,000 | 282,500,000 | 39,704,000 | 4,676,000 | 24,137,000 | 214,526,000 | -255,598,000 | -216,945,000 | -45,470,000 | 745,393,000 | 49,740,000 | 51,539,000 |
supplemental disclosure of cash flow information | ||||||||||||||||||
interest paid | ||||||||||||||||||
income taxes paid | ||||||||||||||||||
federal | ||||||||||||||||||
state and local | ||||||||||||||||||
foreign | ||||||||||||||||||
total income taxes paid | ||||||||||||||||||
supplemental disclosure of non-cash activities | ||||||||||||||||||
operating lease right-of-use assets obtained in exchange for operating lease liabilities | 0 | 0 | ||||||||||||||||
net loss | -12,831,000 | |||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||
provision (recovery) for bad debts | 414,000 | 209,000 | 298,000 | 389,000 | ||||||||||||||
net decrease in cash and cash equivalents | 8,353,000 | -543,000 | ||||||||||||||||
proceeds from issuance of senior unsecured notes | 0 | 0 | 0 | 550,000,000 | ||||||||||||||
payment of senior unsecured notes’ issuance fees | 0 | 0 | 0 | -9,378,000 | ||||||||||||||
payment of issuance costs for credit facility | 0 | 0 | ||||||||||||||||
conversion of redeemable convertible preferred stock | 0 | 0 | ||||||||||||||||
conversion of convertible notes and accrued interest with related parties | 0 | 0 | ||||||||||||||||
prepaid expenses and other current assets | -1,121,000 | -225,000 | 2,429,000 | -815,000 | 1,764,000 | -2,513,000 | -991,000 | 1,419,000 | 2,074,000 | |||||||||
repurchase of common stock accrued but not yet settled | 1,548,000 | |||||||||||||||||
proceeds from term loan | ||||||||||||||||||
repayment of term loan | ||||||||||||||||||
proceeds from revolving line | ||||||||||||||||||
repayment of revolving line | ||||||||||||||||||
proceeds from convertible notes with related parties | ||||||||||||||||||
net increase in cash | -45,470,000 | 490,772,000 | 49,740,000 | 51,539,000 | ||||||||||||||
capitalized assets included in accounts payable and accrued expenses | 313,000 | -1,798,000 | 1,832,000 | 1,019,000 | 159,000 | -188,000 | ||||||||||||
stock-based compensation capitalized for software | 482,000 | 520,000 | 540,000 | 618,000 | 592,000 | 474,000 | ||||||||||||
in-transit proceeds from exercise of stock options | 16,000 | 74,000 | 34,000 | |||||||||||||||
operating lease right-of-use assets obtained in exchange for new operating lease | ||||||||||||||||||
decrease in operating lease right-of-use asset and operating lease liability due to lease modification | ||||||||||||||||||
accretion of redeemable convertible preferred stock | 0 | 0 | ||||||||||||||||
capitalized internal use software costs | -119,000 | -2,530,000 | -1,774,000 | -1,693,000 | ||||||||||||||
payment for net settlement of taxes on restricted stock units | -3,665,000 | -5,902,000 | ||||||||||||||||
cash | ||||||||||||||||||
amortization of issuance costs for credit facility | 64,000 | 63,000 | ||||||||||||||||
loss on disposal of property and equipment | 7,000 | 9,000 | ||||||||||||||||
deferred payroll taxes | ||||||||||||||||||
noncash lease expense |