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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 296,051 $ 68,175
Funds held for customers 30,015 20,976
Accounts receivable, net of allowance of $16,838 and $16,272, respectively 164,432 141,752
Prepaid expenses and other current assets 36,678 26,173
Investment securities available-for-sale, at fair value (amortized cost of $9,147 and $9,550, respectively) 9,157 9,545
Total current assets 536,333 266,621
Property and equipment, net of accumulated depreciation 177,559 100,734
Capitalized software, net of accumulated amortization 36,350 38,771
Goodwill and other intangible assets 363,021 260,238
Deferred commissions 27,480 21,237
Deferred income tax assets 19 41,708
Operating lease right-of-use assets 11,956 14,605
Other assets 14,073 16,013
Total assets 1,166,791 759,927
Current liabilities:    
Current portion of long-term debt   2,500
Accounts payable 36,215 23,596
Accrued expenses 35,169 44,735
Customer funds obligations 27,406 17,731
Accrued salaries and benefits 14,581 12,277
Accrued variable compensation 45,507 34,105
Deferred revenue, current 339,326 290,143
Current portion of operating lease liabilities 3,995 3,717
Current portion of finance lease liabilities 77 74
Purchase commitment and contingent consideration liabilities, current 35,100 11,901
Total current liabilities 537,376 440,779
Deferred revenue, net of current portion 4,840 2,577
Debt, net of current portion 335,220 44,059
Operating lease liabilities, net of current portion 12,585 16,567
Finance lease liabilities, net of current portion 10 51
Purchase commitment and contingent consideration liabilities, net of current portion 87,400 2,600
Deferred income tax liabilities 9,918  
Deferred other liabilities 90 313
Total liabilities 987,439 506,946
Commitments and contingencies (Note 15)
Stockholders' equity:    
Preferred shares, $0.001 par value, 30,000 shares authorized; no shares issued and outstanding
Additional paid in capital 278,389 275,155
Accumulated deficit (53,315) (586)
Accumulated other comprehensive loss (45,879) (21,742)
Total stockholders' equity 179,352 252,981
Total liabilities and stockholders' equity 1,166,791 759,927
Class A    
Stockholders' equity:    
Common stock 71 61
Class B    
Stockholders' equity:    
Common stock $ 86 $ 93