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Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Total revenue $ 151,207 $ 128,042 $ 299,510 $ 247,048
Operating expenses:        
Asset-based expenses 40,266 35,818 81,953 71,912
Spread-based expenses 641 868 1,046 1,544
Employee compensation 39,973 39,447 80,263 106,749
General and operating expenses 22,223 16,316 44,282 33,805
Professional fees 5,494 5,018 11,227 9,278
Depreciation and amortization 7,711 9,730 15,180 19,201
Total operating expenses 116,308 107,197 233,951 242,489
Interest expense 1,488 774 2,647 1,545
Other expenses, net 78 (22) 206 (37)
Income before income taxes 33,333 20,093 62,706 3,051
Provision for income taxes 7,993 10,107 15,147 1,981
Net income 25,340 9,986 47,559 1,070
Net comprehensive income $ 25,340 $ 9,986 $ 47,559 $ 1,070
Net income per share attributable to common stockholders:        
Basic $ 0.34 $ 0.14 $ 0.65 $ 0.02
Diluted $ 0.34 $ 0.14 $ 0.65 $ 0.02
Weighted average number of common shares outstanding, basic 73,631,588 71,922,179 73,601,852 71,176,386
Weighted average number of common shares outstanding, diluted 73,692,278 72,155,068 73,651,172 71,231,337
Asset Based Revenue        
Revenue:        
Total revenue $ 139,249 $ 124,690 $ 281,325 $ 240,503
Spread Based Revenue        
Revenue:        
Total revenue 7,150 2,672 9,105 5,278
Subscription Based Revenue        
Revenue:        
Total revenue 3,259   6,577  
Other Revenue        
Revenue:        
Total revenue $ 1,549 $ 680 $ 2,503 $ 1,267