v3.26.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 30,820 $ 61,355
Restricted cash 24,161 15,454
Investment securities 246,075 24,877
Accounts receivable, net of allowance of $4,130 at September 30, 2026 and $6,170 at December 31, 2025 187,007 177,037
Income tax receivable 0 6,437
Prepaid expenses 22,834 20,078
Other current assets 4,551 3,174
Total current assets 515,448 308,412
Property, plant and equipment, net 73,172 51,649
Operating lease right-of-use assets, net 11,922 12,972
Intangible assets, net 1,189,418 1,292,839
Goodwill 4,014,868 4,016,818
Deferred costs 110,720 93,951
Other long-term assets 7,292 8,459
Total assets 5,922,840 5,785,100
Current liabilities    
Accounts payable 68,078 50,949
Accrued compensation 31,025 40,942
Aggregated funds payable 23,369 15,104
Other accrued expenses 38,020 22,990
Deferred revenue 64,773 67,855
Current portion of long-term debt 14,194 14,194
Current portion of operating lease liabilities 5,713 6,029
Total current liabilities 245,172 218,063
Long-term liabilities    
Deferred tax liability 174,539 211,320
Long-term debt, net, less current portion 1,449,525 1,458,709
Operating lease liabilities, net of current portion 11,163 11,994
Deferred revenue - long-term 5,572 5,496
Other long-term liabilities 278 692
Total liabilities 1,886,249 1,906,274
Commitments and contingencies (Note 20)
Stockholders’ equity    
Preferred stock $0.01 par value - 100,000,000 and 100,000,000 shares authorized as of September 30, 2026 and December 31, 2025, respectively; zero shares issued or outstanding as of both September 30, 2026 and December 31, 2025 0 0
Common stock $0.01 par value - 2,500,000,000 and 2,500,000,000 shares authorized at September 30, 2026 and December 31, 2025, respectively; 193,813,805 and 191,587,193 shares issued at September 30, 2026 and December 31, 2025, respectively; 192,265,522 and 191,587,193 shares outstanding at September 30, 2026 and December 31, 2025, respectively 1,938 1,916
Treasury stock, at cost (33,487) 0
Additional paid-in capital 4,060,817 3,986,353
Accumulated other comprehensive income (loss) 959 (632)
Retained earnings (accumulated deficit) 6,364 (108,811)
Total stockholders’ equity 4,036,591 3,878,826
Total liabilities and stockholders’ equity 5,922,840 5,785,100
Nonrelated Party    
Current liabilities    
Current portion of long-term debt 13,404 13,537
Long-term liabilities    
Long-term debt, net, less current portion 1,374,057 1,394,523
Related Party    
Current liabilities    
Current portion of long-term debt 790 657
Long-term liabilities    
Long-term debt, net, less current portion $ 75,468 $ 64,186