v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 511 $ 7,769
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,685 3,629
Share-based compensation 2,526 2,112
Provision for credit losses 2,891 2,066
Debt origination costs amortization 254 256
Deferred income tax benefit, net (129) (268)
Non-cash lease expense 1,798 1,745
Loss on disposal of property and equipment 383 249
Total adjustments 12,408 9,789
Changes in operating assets and liabilities:    
Accounts receivable (3,862) (25,911)
Prepaid wires, net (47,192) 17,151
Prepaid expenses and other assets 1,248 726
Wire transfers and money orders payable, net (3,390) 29,774
Lease liabilities (1,787) (1,993)
Accounts payable and accrued and other liabilities 4,700 3,977
Net cash (used in) provided by operating activities (37,364) 41,282
Cash flows from investing activities:    
Purchases of property and equipment (5,493) (5,275)
Acquisition of agent locations 0 (38)
Net cash used in investing activities (5,493) (5,313)
Cash flows from financing activities:    
Borrowings under revolving credit facility 1,961,500 1,916,000
Repayments under revolving credit facility (1,915,500) (1,925,235)
Payments for stock-based awards (928) (929)
Repurchases of common stock 0 (4,981)
Other financing activities (11) 0
Net cash provided by (used in) financing activities 45,061 (15,145)
Effect of exchange rate changes on cash and cash equivalents (562) 437
Net increase in cash and cash equivalents 1,642 21,261
Cash and cash equivalents, beginning of period 168,682 130,503
Cash and cash equivalents, end of period 170,324 151,764
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,942 2,446
Cash paid for income taxes 965 1,294
Supplemental disclosure of non-cash investing activities:    
Lease liabilities arising from obtaining right-of-use assets $ 1,248 $ 478