Significant Accounting Policies (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Accounting Policies [Abstract] |
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| Summary of Operating Revenues |
Below is detail of operating revenues (in thousands):
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For the Three Months Ended, |
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For the Six Months Ended, |
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June 30, 2025 |
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June 30, 2024 |
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June 30, 2025 |
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June 30, 2024 |
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Service based revenue, net |
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Processing and service fees, net |
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$ |
113,464 |
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$ |
49,595 |
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$ |
196,912 |
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$ |
94,191 |
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Tips |
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- |
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16,077 |
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7,496 |
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30,987 |
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Subscriptions |
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8,053 |
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5,850 |
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14,870 |
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11,794 |
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Other |
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76 |
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129 |
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166 |
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241 |
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Transaction based revenue, net |
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Interchange revenue, net |
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6,011 |
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4,742 |
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11,896 |
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9,484 |
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ATM revenue, net |
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745 |
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760 |
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1,539 |
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1,570 |
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Other |
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3,408 |
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2,964 |
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6,857 |
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5,480 |
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Total operating revenues, net |
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$ |
131,757 |
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$ |
80,117 |
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$ |
239,736 |
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$ |
153,747 |
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| Schedule of Earnings Per Share Basic And Diluted |
The following table sets forth the computation of the Company’s basic and diluted net income per share attributable to holders of common stock (in thousands, except share data):
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For the Three Months Ended, |
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For the Six Months Ended, |
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June 30, 2025 |
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June 30, 2024 |
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June 30, 2025 |
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June 30, 2024 |
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Numerator |
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Net income attributed to common stockholders—basic and diluted |
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$ |
9,040 |
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$ |
6,358 |
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$ |
37,852 |
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$ |
40,601 |
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Denominator |
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Weighted-average shares of common stock—basic |
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13,364,926 |
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12,416,524 |
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13,246,266 |
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12,318,365 |
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Dilutive effect of stock options |
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221,925 |
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281,982 |
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193,126 |
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251,119 |
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Dilutive effect of RSU |
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967,367 |
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845,142 |
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1,036,043 |
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863,977 |
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Weighted-average shares of common stock—diluted |
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14,554,218 |
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13,543,648 |
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14,475,435 |
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13,433,461 |
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Net income per share |
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Basic |
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$ |
0.68 |
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$ |
0.51 |
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$ |
2.86 |
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$ |
3.30 |
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Diluted |
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$ |
0.62 |
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$ |
0.47 |
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$ |
2.61 |
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$ |
3.02 |
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| Summary of Computation of Diluted Net Income Per Share |
The following potentially dilutive shares were excluded from the computation of diluted net income per share for the periods presented because including them would have been antidilutive:
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For the Three Months Ended, |
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For the Six Months Ended, |
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June 30, 2025 |
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June 30, 2024 |
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June 30, 2025 |
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June 30, 2024 |
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Equity incentive awards |
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425,793 |
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808,055 |
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504,835 |
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|
852,782 |
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Total |
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425,793 |
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808,055 |
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504,835 |
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852,782 |
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