v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 307,310 $ 355,637
Restricted funds held for customers 1,149,523 1,250,346
Marketable securities 81,966 33,663
Accounts receivable, net of allowances of $4,236 and $4,279, respectively 53,439 51,671
Supplier advances receivable, net of allowances of $1,593 and $1,644 respectively 16,186 14,080
Prepaid expenses and other current assets 17,417 15,317
Total current assets 1,625,841 1,720,714
Property and equipment, net 97,099 97,592
Deferred customer origination costs, net 28,138 28,119
Goodwill 165,921 165,921
Intangible assets, net 68,012 71,068
Other noncurrent assets and deposits 6,806 6,297
Total assets 1,991,817 2,089,711
Current liabilities    
Accounts payable 19,511 15,494
Accrued expenses 38,464 46,849
Payment service obligations 1,149,523 1,250,346
Deferred revenue 14,559 13,967
Current maturities of lease obligations under finance leases 56 103
Current maturities of lease obligations under operating leases 1,002 1,207
Current maturities of long-term debt 4,800 4,800
Total current liabilities 1,227,915 1,332,766
Long-term liabilities    
Deferred revenue, less current portion 11,258 11,856
Obligations under finance leases, less current maturities 63,191 63,025
Obligations under operating leases, less current maturities 1,796 1,969
Long-term debt 4,300 4,300
Other long-term liabilities 4,185 3,962
Total liabilities 1,312,645 1,417,878
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.001 par value; 50,000,000 shares authorized, no shares issued and outstanding as of March 31, 2025 and December 31, 2024
Common stock, $0.001 par value; 1,600,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 206,195,425 and 204,335,860 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 206 204
Additional paid-in capital 1,700,292 1,685,644
Accumulated deficit (1,021,326) (1,014,015)
Total stockholders' equity 679,172 671,833
Total liabilities and stockholders' equity $ 1,991,817 $ 2,089,711