v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 227,986 $ 294,356
Marketable securities 76,346 378,425
Funds held in escrow, including funds in transit 164,606 180,752
Trade and client receivables – net of allowance of $5,688 and $5,919 as of September 30, 2026 and December 31, 2025, respectively 79,315 76,236
Prepaid expenses and other current assets 19,651 21,064
Total current assets 567,904 950,833
Property and equipment, net 61,625 44,421
Goodwill 149,192 149,192
Intangible assets, net 28,388 37,161
Operating lease asset 11,773 5,011
Deferred tax asset 108,305 111,495
Other assets, noncurrent 3,910 1,467
Total assets 931,097 1,299,580
Current liabilities    
Accounts payable 9,336 7,858
Escrow funds payable 164,606 180,752
Debt, current 0 359,770
Accrued expenses and other current liabilities 69,725 94,023
Deferred revenue 8,620 7,765
Total current liabilities 252,287 650,168
Operating lease liability, noncurrent 13,514 9,707
Other liabilities, noncurrent 11,271 9,390
Total liabilities 277,072 669,265
Commitments and contingencies (Note 8)
Stockholders’ equity    
Common stock, $0.0001 par value; 490,000,000 shares authorized as of September 30, 2026 and December 31, 2025; 125,690,310 and 130,545,236 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 13 13
Additional paid-in capital 528,633 592,599
Accumulated other comprehensive (loss) income (245) 754
Retained earnings 125,624 36,949
Total stockholders’ equity 654,025 630,315
Total liabilities and stockholders’ equity $ 931,097 $ 1,299,580