v3.26.1
Accrued Expenses & Other Current Liabilities
 3 Months Ended
Mar. 31, 2026
Payables and Accruals [Abstract]  
Accrued Expenses & Other Current Liabilities Accrued Expenses & Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following as of March 31, 2026 and December 31, 2025:
March 31,December 31,
(in thousands)20262025
Trade settlement liability(1)
$34,636 $34,884 
Accrued transaction expense25,599 34,673 
Accrued marketing expense20,030 17,307 
Accrued salary, benefits, and related taxes
17,572 12,996 
Accrued taxes and taxes payable
6,904 9,772 
Reserve for transaction losses
6,041 5,440 
Accrued interest expense
2,231 2,342 
Accrued share repurchase
1,750 — 
ESPP employee contributions
1,009 5,099 
Other accrued expenses20,513 19,435 
Accrued expenses & other current liabilities
$136,285 $141,948 
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(1) The trade settlement liability amount represents the total of disbursement postfunding liabilities and book overdrafts owed to the Company’s disbursement partners. Refer to Note 2. Basis of Presentation and Summary of Significant Accounting Policies within the notes to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 for further discussion.