Schedule of Disaggregation of Revenue |
The following table presents a disaggregation of our consolidated revenues by type: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (in thousands) | 2025 | | 2024 | | 2025 | | 2024 | Revenue Type: | | | | | | | | Merchant card fees | $ | 180,483 | | | $ | 169,246 | | | $ | 347,562 | | | $ | 327,193 | | Money transmission services | 39,273 | | | 31,340 | | | 76,722 | | | 60,484 | | Outsourced services and other services(2) | 16,853 | | | 16,256 | | | 33,855 | | | 31,921 | | Equipment | 3,203 | | | 3,025 | | | 6,303 | | | 5,988 | | Total revenues(1) | $ | 239,812 | | | $ | 219,867 | | | $ | 464,442 | | | $ | 425,586 | |
(1)Includes contracts with an original duration of one year or less and variable consideration under a stand-ready series of distinct days of service. The aggregate fixed consideration portion of customer contracts with an initial contract duration greater than one year is not material. (2)Approximately $14.1 million and $26.7 million of interest income on customer funds for the three and six months ended June 30, 2025, respectively, and $13.1 million and $25.0 million for the three and six months ended June 30, 2024, respectively, is included in outsourced services and other services revenue in the table above. Approximately $1.0 million and $2.1 million of interest income on corporate funds for the three and six months ended June 30, 2025 and $0.6 million and $1.2 million for the three and six months ended June 30, 2024, respectively, is included in other income, net on the Company's Unaudited Consolidated Statements of Operations and Comprehensive Income (Loss) and not reflected in the table above. The following table presents a disaggregation of our consolidated revenues by segment: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | (in thousands) | Merchant Card Fees | | Money Transmission Services | | Outsourced and Other Services | | Equipment | | Total | Segment | | | | | | | | | | SMB Payments | $ | 158,825 | | | $ | — | | | $ | 1,202 | | | $ | 3,203 | | | $ | 163,230 | | B2B Payments | 21,488 | | | — | | | 3,545 | | | — | | | 25,033 | | Enterprise Payments | 968 | | | 39,273 | | | 12,417 | | | — | | | 52,658 | | Eliminations | (798) | | | — | | | (311) | | | — | | | (1,109) | | Total revenues | $ | 180,483 | | | $ | 39,273 | | | $ | 16,853 | | | $ | 3,203 | | | $ | 239,812 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | (in thousands) | Merchant Card Fees | | Money Transmission Services | | Outsourced and Other Services | | Equipment | | Total | Segment | | | | | | | | | | SMB Payments | $ | 306,307 | | | $ | — | | | $ | 2,310 | | | $ | 6,303 | | | $ | 314,920 | | B2B Payments | 41,257 | | | — | | | 7,694 | | | — | | | 48,951 | | Enterprise Payments | 1,575 | | | 76,722 | | | 24,449 | | | — | | | 102,746 | | Eliminations | (1,577) | | | — | | | (598) | | | — | | | (2,175) | | Total revenues | $ | 347,562 | | | $ | 76,722 | | | $ | 33,855 | | | $ | 6,303 | | | $ | 464,442 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | (in thousands) | Merchant Card Fees | | Money Transmission Services | | Outsourced and Other Services | | Equipment | | Total | Segment | | | | | | | | | | SMB Payments | $ | 150,696 | | | $ | — | | | $ | 1,380 | | | $ | 3,025 | | | $ | 155,101 | | B2B Payments | 18,682 | | | — | | | 3,199 | | | — | | | 21,881 | | Enterprise Payments | 451 | | | 31,340 | | | 11,879 | | | — | | | 43,670 | | Eliminations | (583) | | | — | | | (202) | | | — | | | (785) | | Total revenues | $ | 169,246 | | | $ | 31,340 | | | $ | 16,256 | | | $ | 3,025 | | | $ | 219,867 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2024 | (in thousands) | Merchant Card Fees | | Money Transmission Services | | Outsourced and Other Services | | Equipment | | Total | Segment | | | | | | | | | | SMB Payments | $ | 290,496 | | | $ | — | | | $ | 2,621 | | | $ | 5,988 | | | $ | 299,105 | | B2B Payments | 36,971 | | | — | | | 6,254 | | | — | | | 43,225 | | Enterprise Payments | 804 | | | 60,484 | | | 23,372 | | | — | | | 84,660 | | Eliminations | (1,078) | | | — | | | (326) | | | — | | | (1,404) | | Total revenues | $ | 327,193 | | | $ | 60,484 | | | $ | 31,921 | | | $ | 5,988 | | | $ | 425,586 | |
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