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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 154,106 $ 129,384
Marketable securities 362,561 557,230
Funds held in escrow, including funds in transit 177,655 161,457
Trade and client receivables – net of allowance of $6,761 and $12,464 as of June 30, 2023 and December 31, 2022, respectively 66,309 64,888
Prepaid expenses and other current assets 19,396 17,947
Total current assets 780,027 930,906
Property and equipment, net 24,867 22,063
Goodwill 118,219 118,219
Operating lease asset 5,992 7,603
Other assets, noncurrent 1,467 1,454
Total assets 930,572 1,080,245
Current liabilities    
Accounts payable 4,178 7,549
Escrow funds payable 177,655 161,457
Accrued expenses and other current liabilities 48,817 53,611
Deferred revenue 24,079 25,075
Total current liabilities 254,729 247,692
Debt, noncurrent 355,166 564,261
Operating lease liability, noncurrent 8,219 11,177
Other liabilities, noncurrent 5,535 8,236
Total liabilities 623,649 831,366
Commitments and contingencies (Note 6)
Stockholders’ equity    
Common stock, $0.0001 par value; 490,000,000 shares authorized as of June 30, 2023 and December 31, 2022; 134,883,597 and 132,368,265 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 13 13
Additional paid-in capital 635,548 592,900
Accumulated other comprehensive loss (865) (3,085)
Accumulated deficit (327,773) (340,949)
Total stockholders’ equity 306,923 248,879
Total liabilities and stockholders’ equity $ 930,572 $ 1,080,245