v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 182,133 $ 35,580
Restricted cash 22,449 9,848
Accounts receivable, net of allowance of $5,885 as of December 31, 2024 and $5,335 as of December 31, 2023 145,235 126,089
Income tax receivable 2,838 6,811
Prepaid expenses 14,414 13,296
Other current assets 3,972 30,426
Total current assets 371,041 222,050
Property, plant and equipment, net 46,731 61,259
Operating lease right-of-use assets, net 10,820 10,353
Intangible assets, net 1,039,049 1,186,936
Goodwill 3,019,999 3,030,013
Deferred costs 82,815 65,811
Other long-term assets 6,549 6,552
Total assets 4,577,004 4,582,974
Current liabilities    
Accounts payable 47,365 45,484
Accrued compensation 31,589 23,286
Aggregated funds payable 22,059 9,659
Other accrued expenses 15,930 10,923
Deferred revenue 10,527 10,935
Current portion of long-term debt 11,668 17,983
Current portion of operating lease liabilities 5,591 4,398
Current portion of finance lease liabilities 904 821
Total current liabilities 145,633 123,489
Long-term liabilities    
Deferred tax liability 100,523 174,480
Long-term debt, net, less current portion 1,220,622 2,199,678
Operating lease liabilities, net of current portion 13,133 14,278
Finance lease liabilities, net of current portion 11,290 12,194
Deferred revenue-LT 5,739 6,173
Other long-term liabilities 278 2,750
Total liabilities 1,497,218 2,533,042
Commitments and contingencies (Note 20)
Stockholders' equity    
Preferred stock $0.01 par value - 100,000,000 and zero shares authorized as of December 31, 2024 and December 31, 2023, respectively; zero shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively
Common stock $0.01 par value - 2,500,000,000 and 227,000,000 shares authorized as of December 31, 2024 and December 31, 2023, respectively; 172,108,240 and 121,679,902 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 1,722 1,217
Additional paid-in capital 3,298,083 2,234,688
Accumulated other comprehensive income (loss) 881 15,802
Accumulated deficit (220,900) (201,775)
Total stockholders' equity 3,079,786 2,049,932
Total liabilities and stockholders' equity 4,577,004 4,582,974
Nonrelated Party    
Current liabilities    
Current portion of long-term debt 11,311 17,454
Long-term liabilities    
Long-term debt, net, less current portion 1,185,411 2,134,920
Related Party    
Current liabilities    
Current portion of long-term debt 357 529
Long-term liabilities    
Long-term debt, net, less current portion $ 35,211 $ 64,758