v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 230,489 $ 314,009
Funds held for customers 26,497 24,286
Accounts receivable, net of allowance of $12,271 and $11,466, respectively 153,432 183,446
Prepaid expenses and other current assets 81,527 38,966
Total current assets 491,945 560,707
Property and equipment, net of accumulated depreciation 220,471 209,727
Capitalized software, net of accumulated amortization 34,262 35,480
Goodwill and other intangible assets 402,734 396,006
Deferred commissions 29,166 31,907
Deferred income tax asset 127 85
Operating lease right-of-use assets 8,366 9,678
Long-term investment 15,000 15,000
Other assets 8,076 12,245
Total assets 1,210,147 1,270,835
Current liabilities:    
Accounts payable 37,313 37,557
Accrued expenses 34,549 43,642
Customer funds obligations 24,639 21,802
Accrued salaries and benefits 20,612 23,992
Accrued variable compensation 27,552 34,593
Deferred revenue, current 382,151 382,839
Current portion of operating lease liabilities 4,470 4,283
Current portion of finance lease liabilities 33 55
Purchase commitment and contingent consideration liabilities, current 33,100 25,900
Total current liabilities 564,419 574,663
Deferred revenue, net of current portion 4,750 5,209
Debt, net of current portion 338,605 337,477
Operating lease liabilities, net of current portion 6,776 8,903
Finance lease liabilities, net of current portion 38 54
Purchase commitment and contingent consideration liabilities, net of current portion 40,900 79,600
Deferred income tax liabilities 13,172 5,664
Deferred other liabilities 380 345
Total liabilities 969,040 1,011,915
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred shares, $0.001 par value, 30,000 shares authorized; no shares issued and outstanding
Treasury stock, at cost, 3,888 and 504 shares, respectively (56,696) (10,094)
Additional paid in capital 347,768 316,327
Accumulated deficit (39,571) (46,104)
Accumulated other comprehensive loss (10,555) (1,368)
Total stockholders' equity 241,107 258,920
Total liabilities and stockholders' equity 1,210,147 1,270,835
Class A common stock    
Stockholders' equity:    
Common stock 79 77
Class B common stock    
Stockholders' equity:    
Common stock $ 82 $ 82