v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 654,608 $ 349,177
Restricted cash 0 2,000
Accounts receivable, net 18,215 13,697
Unbilled receivables 10,689 5,268
Funds receivable from payment partners 113,945 62,970
Prepaid expenses and other current assets 18,227 17,531
Total current assets 815,684 450,643
Property and equipment, net 15,134 13,317
Intangible assets, net 108,178 97,616
Goodwill 121,646 97,766
Other assets 19,089 14,945
Total assets 1,079,731 674,287
Current liabilities:    
Accounts payable 12,587 13,325
Funds payable to clients 210,922 124,305
Accrued expenses and other current liabilities 43,315 34,423
Deferred revenue 6,968 5,223
Total current liabilities 273,792 177,276
Deferred tax liabilities 15,391 12,149
Other liabilities 4,431 2,959
Total liabilities 293,614 192,384
Commitments and contingencies (Note 16)
Stockholders equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of December 31, 2023 and 2022; and no shares issued and outstanding as of December 31, 2023 and 2022 0 0
Voting common stock, $0.0001 par value; 2,000,000,000 shares authorized as of December 31, 2023 and 2022; 123,016,501 shares issued and 120,701,456 shares outstanding as of December 31, 2023; 109,790,702 shares issued and 107,472,980 shares outstanding as of December 31, 2022 11 10
Non-voting common stock, $0.0001 par value; 10,000,000 shares authorized as of December 31, 2023 and 2022; 1,873,320 shares issued and outstanding as of December 31, 2023 and 2022 1 1
Treasury voting common stock, 2,315,045 and 2,317,722 shares as of December 31, 2023 and 2022, respectively, held at cost (747) (748)
Additional paid-in capital 959,302 649,756
Accumulated other comprehensive loss 1,320 (1,912)
Accumulated deficit (173,770) (165,204)
Total stockholders' equity 786,117 481,903
Total liabilities and stockholders' equity $ 1,079,731 $ 674,287