v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 24,667 $ 79,641
Marketable securities 465,939 470,457
Funds held in escrow, including funds in transit 222,937 212,387
Trade and client receivables – net of allowance of $4,790 and $5,141 as of March 31, 2024 and December 31, 2023, respectively 114,403 103,061
Prepaid expenses and other current assets 20,073 17,825
Total current assets 848,019 883,371
Property and equipment, net 27,128 27,140
Goodwill 118,219 118,219
Intangible assets, net 2,656 3,048
Operating lease asset 3,486 4,333
Other assets, noncurrent 1,311 1,430
Total assets 1,000,819 1,037,541
Current liabilities    
Accounts payable 5,916 5,063
Escrow funds payable 222,937 212,387
Accrued expenses and other current liabilities 46,682 58,192
Deferred revenue 13,957 17,361
Total current liabilities 289,492 293,003
Debt, noncurrent 356,547 356,087
Operating lease liability, noncurrent 5,308 6,088
Other liabilities, noncurrent 596 1,288
Total liabilities 651,943 656,466
Commitments and contingencies (Note 6)
Stockholders’ equity    
Common stock, $0.0001 par value; 490,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 133,118,345 and 137,272,754 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 13 14
Treasury stock, at cost; $175,000 shares as of March 31, 2024 (2,138) 0
Additional paid-in capital 627,007 674,918
Accumulated other comprehensive income (loss) (386) 205
Accumulated deficit (275,620) (294,062)
Total stockholders’ equity 348,876 381,075
Total liabilities and stockholders’ equity $ 1,000,819 $ 1,037,541