v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (6,188) $ (11,957)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 4,598 4,041
Reduction of operating lease right-of-use assets 272 279
Loss on impairment, receivables and sale or disposal of equipment 720 334
Stock-based compensation expense 13,188 14,917
Amortization of debt issuance costs 83 57
Deferred income taxes 51 (4)
Changes in assets and liabilities:    
Accounts receivable, net 819 212
Settlement assets, net (3,321) (5,994)
Prepaid expenses 1,189 9,565
Other current assets 6,525 (2,186)
Other assets (97) (19)
Accounts payable 329 1,336
Accrued expenses and other liabilities (9,995) 962
Operating lease liabilities (287) (281)
Settlement liabilities 478 4,947
Other liabilities 187 (169)
Net cash provided by operating activities 8,551 16,040
Cash flows from investing activities:    
Purchase of property and equipment 0 (17)
Software development costs (2,491) (1,655)
Net cash used in investing activities (2,491) (1,672)
Cash flows from financing activities:    
Change in customer funds, net 4,251 (2,319)
Principal payments of finance leases (74) (68)
Payments for debt issuance costs (114) (88)
Proceeds from common stock purchased under the Matching Plan 3,283 2,610
Proceeds from issuance of common stock upon exercise of stock options 39 117
Repurchase and retirement of common stock (8,451) (3,026)
Net cash used in financing activities (1,066) (2,774)
Net increase in cash and cash equivalents and restricted cash 4,994 11,594
Cash and cash equivalents and restricted cash at beginning of period 104,624 90,834
Cash and cash equivalents and restricted cash at end of period 109,618 102,428
Noncash investing and financing items:    
Stock-based compensation capitalized as software development costs 710 775
Repurchases and retirement of common stock in accounts payable and accrued expenses 774 0
Purchases of property and equipment and capitalized software in accounts payable and accrued expenses 26 31
Fair value of common stock issued to settle liability-classified restricted stock units 718 343
Reconciliation of cash and cash equivalents and restricted cash to the Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 65,760 60,519
Restricted cash included in other current assets 20,074 21,132
Restricted cash included in settlement assets, net 23,784 20,777
Total cash and cash equivalents and restricted cash $ 109,618 $ 102,428