v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 407,173 $ 330,303
Short-term investments 3,043 24,692
Accounts receivable, net of allowance of $2,402 and $834, respectively 48,294 34,776
Unbilled receivables, net of allowance of $43 and $45, respectively 19,305 20,522
Funds receivable from payment partners 158,772 155,455
Prepaid expenses and other current assets 47,436 36,540
Total current assets 684,023 602,288
Property and equipment, net 29,089 22,125
Intangible assets, net 177,229 189,050
Goodwill 407,646 406,507
Other assets 72,326 33,343
Total assets 1,370,313 1,253,313
Current liabilities:    
Accounts payable 21,420 15,298
Funds payable to clients 334,974 310,799
Accrued expenses and other current liabilities 67,788 55,715
Deferred revenue 23,100 19,951
Total current liabilities 447,282 401,763
Deferred tax liabilities 11,015 12,900
Other liabilities 2,618 3,479
Total liabilities 460,915 418,142
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, none issued and outstanding as of September 30, 2026 and December 31, 2025 0 0
Voting common stock, $0.0001 par value; 2,000,000,000 shares authorized, 134,837,558 shares issued and 122,494,955 shares outstanding as of September 30, 2026; 130,335,519 shares issued and 120,086,090 shares outstanding as of December 31, 2025 13 13
Non-voting common stock, $0.0001 par value; 10,000,000 shares authorized, none issued and outstanding as of September 30, 2026, and 1,873,320 shares issued and outstanding as of December 31, 2025, respectively 0 0
Treasury voting common stock, at cost; 12,342,603 and 10,249,429 shares as of September 30, 2026 and December 31, 2025, respectively (147,828) (118,636)
Additional paid-in capital 1,130,086 1,108,679
Accumulated other comprehensive income 5,586 2,488
Accumulated deficit (78,459) (157,373)
Total stockholders’ equity 909,398 835,171
Total liabilities and stockholders’ equity $ 1,370,313 $ 1,253,313