v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 94,551 $ 113,607
Restricted cash 90,383 54,981
Accounts receivable, net of allowance for credit losses of $2,271 and $1,589, respectively 146,193 87,692
Prepaids and other assets 13,830 11,692
TOTAL CURRENT ASSETS 344,957 267,972
Property and equipment, net 13,434 11,615
Other noncurrent assets 22,075 11,679
Intangible assets, net 5,338 6,456
Deferred tax assets, net 77,557 75,774
Goodwill 17,885 17,226
TOTAL ASSETS 481,246 390,722
CURRENT LIABILITIES    
Accounts payable 11,286 10,478
Customer deposits 90,004 55,660
Accrued expenses 144,576 85,661
Litigation contingency 17,000 34,000
Other current liabilities 14 54
TOTAL CURRENT LIABILITIES 262,880 185,853
TOTAL LIABILITIES 262,880 185,853
EQUITY    
Common Stock, $0.00001 par value 900,000,000 shares authorized; 201,449,583 issued and 157,232,312 outstanding at June 30, 2025; 195,028,207 issued and 154,133,385 outstanding at December 31, 2024 2 2
Additional paid-in capital 1,031,660 962,758
Treasury stock, at cost: 44,217,271 and 40,894,822 shares held, respectively (716,549) (686,680)
Accumulated deficit (96,723) (68,135)
Accumulated other comprehensive (loss) (24) (3,076)
TOTAL EQUITY 218,366 204,869
TOTAL LIABILITIES AND EQUITY $ 481,246 $ 390,722