v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 304,449 $ 305,757
Marketable securities 317,619 316,344
Funds held in escrow, including funds in transit 215,942 195,736
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 75,490
Prepaid expenses and other current assets 22,086 17,727
Total current assets 938,013 911,054
Property and equipment, net 34,927 30,056
Goodwill 121,064 121,064
Intangible assets, net 11,174 12,989
Operating lease asset 5,550 5,752
Deferred tax asset 127,762 128,779
Other assets, noncurrent 1,576 1,919
Total assets 1,240,066 1,211,613
Current liabilities    
Accounts payable 4,115 6,128
Escrow funds payable 215,942 195,736
Accrued expenses and other current liabilities 47,143 59,300
Deferred revenue 7,496 7,269
Total current liabilities 274,696 268,433
Debt, noncurrent 358,389 357,928
Operating lease liability, noncurrent 10,385 9,567
Other liabilities, noncurrent 2,254 308
Total liabilities 645,724 636,236
Commitments and contingencies (Note 6)
Stockholders’ equity    
Common stock, $0.0001 par value; 490,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 134,048,900 and 135,348,453 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 13 14
Additional paid-in capital 634,527 653,575
Accumulated and other comprehensive income 548 264
Accumulated deficit (40,746) (78,476)
Total stockholders’ equity 594,342 575,377
Total liabilities and stockholders’ equity $ 1,240,066 $ 1,211,613