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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 676,394 $ 542,426
Disbursement prefunding 234,640 441,335
Customer funds receivable, net 322,019 286,455
Prepaid expenses and other current assets 52,894 45,735
Total current assets 1,285,947 1,315,951
Property and equipment, net 60,097 61,521
Operating lease right-of-use assets 9,898 12,452
Goodwill 54,940 54,940
Intangible assets, net 1,063 2,125
Other noncurrent assets, net 155,510 11,724
Total assets 1,567,455 1,458,713
Current liabilities    
Accounts payable 39,893 28,450
Customer liabilities 195,521 219,667
Short-term debt 3,022 2,821
Accrued expenses and other current liabilities 158,072 141,948
Operating lease liabilities 7,806 6,166
Total current liabilities 404,314 399,052
Operating lease liabilities, noncurrent 27,436 28,135
Long-term debt 0 155,000
Other noncurrent liabilities 8,857 7,737
Total liabilities 440,607 589,924
Commitments and contingencies (Note 15)
Stockholders’ equity    
Common stock, $0.0001 par value; 725,000 shares authorized as of both June 30, 2026 and December 31, 2025; 211,671 and 210,626 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 21 21
Additional paid-in capital 1,329,975 1,325,520
Accumulated other comprehensive income 2,239 3,596
Accumulated deficit (205,387) (460,348)
Total stockholders’ equity 1,126,848 868,789
Total liabilities and stockholders’ equity $ 1,567,455 $ 1,458,713