XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 313,506 $ 296,051
Funds held for customers 25,287 30,015
Accounts receivable, net of allowance of $15,069 and $16,838, respectively 131,502 164,432
Prepaid expenses and other current assets 48,532 36,678
Investment securities available-for-sale, at fair value (amortized cost of $0 and $9,147, respectively)   9,157
Total current assets 518,827 536,333
Property and equipment, net of accumulated depreciation 202,655 177,559
Capitalized software, net of accumulated amortization 35,917 36,350
Goodwill and other intangible assets 396,997 363,021
Deferred commissions 28,812 27,480
Deferred income tax asset 22 19
Operating lease right-of-use assets 10,496 11,956
Long-term investment 15,000  
Other assets 13,132 14,073
Total assets 1,221,858 1,166,791
Current liabilities:    
Accounts payable 35,374 36,215
Accrued expenses 39,788 35,169
Customer funds obligations 22,904 27,406
Accrued salaries and benefits 23,729 14,581
Accrued variable compensation 29,101 45,507
Deferred revenue, current 333,636 339,326
Current portion of operating lease liabilities 4,236 3,995
Current portion of finance lease liabilities 71 77
Purchase commitment and contingent consideration liabilities, current 27,100 35,100
Total current liabilities 515,939 537,376
Deferred revenue, net of current portion 5,407 4,840
Debt, net of current portion 336,913 335,220
Operating lease liabilities, net of current portion 10,093 12,585
Finance lease liabilities, net of current portion 61 10
Purchase commitment and contingent consideration liabilities, net of current portion 79,000 87,400
Deferred income tax liabilities 7,950 9,918
Deferred other liabilities 2,023 90
Total liabilities 957,386 987,439
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred shares, $0.001 par value, 30,000 shares authorized; no shares issued and outstanding
Additional paid in capital 304,177 278,389
Accumulated deficit (39,101) (53,315)
Accumulated other comprehensive loss (763) (45,879)
Total stockholders' equity 264,472 179,352
Total liabilities and stockholders' equity 1,221,858 1,166,791
Class A common stock    
Stockholders' equity:    
Common stock 77 71
Class B common stock    
Stockholders' equity:    
Common stock $ 82 $ 86