v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 16,780 $ 25,244
Accounts receivable, net of allowance for credit losses of $8,716 and $7,206 at September 30, 2026, and December 31, 2025, respectively 12,830 15,859
Inventory 2,737 2,826
Prepaid expenses and other current assets 9,866 6,329
Total current assets before funds held for clients 42,213 50,258
Funds held for clients 194,746 228,111
Total current assets 236,959 278,369
Property and equipment, net 32,798 27,810
Goodwill 115,759 115,759
Intangible assets, net 79,297 87,911
Operating lease assets, net 4,865 6,028
Other assets, net 21,126 15,542
Total assets 490,804 531,419
Current liabilities:    
Current portion of notes payable 5,301 4,344
Accounts payable 2,078 2,174
Accrued compensation and benefits 6,073 4,723
Lease liabilities, current 2,067 1,956
Other accrued liabilities 6,776 6,422
Deferred revenue 5,864 11,622
Total current liabilities before client fund obligations 28,159 31,241
Client fund obligations 197,381 228,482
Total current liabilities 225,540 259,723
Long-term liabilities:    
Deferred revenue 1,228 1,909
Deferred tax liability 3,413 3,264
Notes payable, net of current portion 59,358 63,282
Lease liabilities, noncurrent 3,578 5,221
Other liabilities 319 224
Total long-term liabilities 67,896 73,900
Total liabilities 293,436 333,623
Stockholders’ equity:    
Preferred stock, $0.01 par value; 1,500 shares authorized; none issued or outstanding 0 0
Common stock, $0.01 par value; 44,000 shares authorized; 28,921 and 28,076 shares issued, 28,921 and 28,076 shares outstanding at September 30, 2026, and December 31, 2025, respectively 289 281
Treasury stock at cost, zero(1) shares at September 30, 2026, and December 31, 2025 0 0
Additional paid-in capital 523,936 517,432
Accumulated deficit (324,774) (320,352)
Accumulated other comprehensive income (loss) (2,083) 435
Total stockholders’ equity 197,368 197,796
Total liabilities and stockholders’ equity $ 490,804 $ 531,419
Treasury stock, common (in shares) [1] 0 0
[1]   (1) The aggregate Treasury stock of prior repurchases of our own common stock was retired and subsequently issued effective January 1, 2024. See the Condensed
           Consolidated Statement of Changes in Stockholders’ Equity for the impact of this transaction.