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 income $ 4,716 $ 18,776
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,477 8,083
Share-based compensation 5,155 4,245
Provision for credit losses 5,476 3,924
Debt origination costs amortization 507 512
Deferred income tax benefit, net (439) (1,377)
Non-cash lease expense 3,557 3,493
Loss on disposal of property and equipment 639 507
Total adjustments 24,372 19,387
Changes in operating assets and liabilities:    
Accounts receivable 221 (39,298)
Prepaid wires, net 43,385 27,229
Prepaid expenses and other assets 1,449 9
Wire transfers and money orders payable, net (2,771) 57,504
Lease liabilities (3,663) (4,119)
Accounts payable and accrued and other liabilities 7,645 1,696
Net cash provided by operating activities 75,354 81,184
Cash flows from investing activities:    
Purchases of property and equipment (10,986) (9,845)
Acquisition of agent locations 0 (188)
Net cash used in investing activities (10,986) (10,033)
Cash flows from financing activities:    
Borrowings under revolving credit facility 3,866,000 4,035,000
Repayments under revolving credit facility (3,947,000) (4,047,486)
Payments for stock-based awards (954) (942)
Repurchases of common stock 0 (16,334)
Other financing activities (11) (5)
Net cash used in financing activities (81,965) (29,767)
Effect of exchange rate changes on cash and cash equivalents (449) 2,836
Net (decrease) increase in cash and cash equivalents (18,046) 44,220
Cash and cash equivalents, beginning of period 168,682 130,503
Cash and cash equivalents, end of period 150,636 174,723
Supplemental disclosure of cash flow information:    
Cash paid for interest 4,032 5,284
Cash paid for income taxes 4,708 11,998
Supplemental disclosure of non-cash investing activities:    
Lease liabilities arising from obtaining right-of-use assets 2,925 660
Settlement of receivables from agent acquisitions 0 1,634
Accrued liabilities related to agent acquisitions $ 0 $ 493