XML 17 R6.htm IDEA: XBRL DOCUMENT v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Operating Activities      
Net income $ 8,008 $ 35,548  
Adjustments to reconcile net income to cash used in operating activities:      
Depreciation and amortization 26,465 25,489  
Amortization of upfront incentive consideration 10,311 8,979  
Amortization of debt discount and issuance costs 9,862 7,718  
Stock-based compensation expense 5,661 12,312  
Provision for expected credit losses 4,182 1,237  
Other 2,953 (591)  
Loss on extinguishment of debt 2,728 0  
Deferred income taxes (1,631) (5,004)  
Loss (income) from discontinued operations 1,386 (38,925)  
Paid-in-kind interest 0 28,327  
Gain on sale of assets 0 (5,191)  
Changes in operating assets and liabilities:      
Accounts and other receivables (79,908) (106,658)  
Prepaid expenses and other current assets (18,830) (13,600)  
Capitalized implementation costs (1,061) (2,305)  
Upfront incentive consideration (4,621) (5,859)  
Other assets (4,291) 583  
Accrued compensation and related benefits (24,045) (56,197)  
Accounts payable and other accrued liabilities (64,604) 57,116  
Deferred revenue including upfront solution fees (6,725) (6,940)  
Cash used in operating activities (134,160) (63,961)  
Investing Activities      
Additions to property and equipment (21,230) (16,871)  
Proceeds from sale of assets 0 9,641  
Cash used in investing activities (21,230) (7,230)  
Financing Activities      
Payments on borrowings from lenders (94,290) (2,948)  
Payments on borrowings under Securitization Facility (72,300) (22,500)  
Proceeds from borrowings under Securitization Facility 73,400 41,100  
Debt prepayment fees and issuance costs (3,841) 0  
Net Receipts on Behalf under TSA 3,131 0  
Other financing activities 2,000 0  
Net payment on the settlement of equity-based awards (106) (2,444)  
Cash (used in) provided by financing activities (92,006) 13,208  
Cash Flows from Discontinued Operations      
Cash used in operating activities (971) (16,643)  
Cash provided by (used in) investing activities 4,389 (1,019)  
Cash provided by (used in) discontinued operations 3,418 (17,662)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,534) 2,295  
Decrease in cash, cash equivalents and restricted cash (245,512) (73,350)  
Cash, cash equivalents and restricted cash at beginning of period 910,113 745,518 $ 745,518
Cash, cash equivalents and restricted cash at end of period $ 664,601 $ 672,168 $ 910,113