v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 284,386 $ 296,051
Funds held for customers 26,376 30,015
Accounts receivable, net of allowance of $16,389 and $16,838, respectively 143,660 164,432
Prepaid expenses and other current assets 48,309 36,678
Investment securities available-for-sale, at fair value (amortized cost of $0 and $9,147, respectively)   9,157
Total current assets 502,731 536,333
Property and equipment, net of accumulated depreciation 195,034 177,559
Capitalized software, net of accumulated amortization 35,659 36,350
Goodwill and other intangible assets 397,312 363,021
Deferred commissions 27,737 27,480
Deferred income tax asset 20 19
Operating lease right-of-use assets 11,344 11,956
Long-term investment 15,000  
Other assets 13,352 14,073
Total assets 1,198,189 1,166,791
Current liabilities:    
Accounts payable 30,440 36,215
Accrued expenses 42,155 35,169
Customer funds obligations 23,913 27,406
Accrued salaries and benefits 14,873 14,581
Accrued variable compensation 19,000 45,507
Deferred revenue, current 341,754 339,326
Current portion of operating lease liabilities 4,228 3,995
Current portion of finance lease liabilities 61 77
Purchase commitment and contingent consideration liabilities, current 29,900 35,100
Total current liabilities 506,324 537,376
Deferred revenue, net of current portion 5,496 4,840
Debt, net of current portion 336,349 335,220
Operating lease liabilities, net of current portion 11,253 12,585
Finance lease liabilities, net of current portion   10
Purchase commitment and contingent consideration liabilities, net of current portion 80,200 87,400
Deferred income tax liabilities 9,369 9,918
Deferred other liabilities 1,156 90
Total liabilities 950,147 987,439
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred shares, $0.001 par value, 30,000 shares authorized; no shares issued and outstanding
Additional paid in capital 292,078 278,389
Accumulated deficit (43,146) (53,315)
Accumulated other comprehensive loss (1,049) (45,879)
Total stockholders' equity 248,042 179,352
Total liabilities and stockholders' equity 1,198,189 1,166,791
Class A common stock    
Stockholders' equity:    
Common stock 77 71
Class B common stock    
Stockholders' equity:    
Common stock $ 82 $ 86