← Public Policy Holding Company, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net loss | ($1.5m) | ($2.2m) | ($1.8m) | ($231.5m) | ($175.9m) | ($193.2m) | ($132.8m) | $13.9m | ($24.0m) | ($39.0m) | — | |
| Net loss from disposal of fixed assets | — | — | — | — | — | — | — | $19k | — | $44k | — | |
| Change in fair value of equity investment at fair value through profit or loss | — | — | — | — | — | — | $1.0m | — | — | — | — | |
| Investment in an unlisted equity investment at fair value through profit or loss | — | — | — | $0 | $0 | ($1.0m) | — | — | — | — | — | |
| Depreciation | $82k | $79k | $89k | $56k | $28k | $20k | $14k | — | $136k | $192k | $5.8m | |
| Amortization expense - intangibles | — | — | — | $17.9m | $15.7m | $11.7m | $11.7m | $24.6m | $4.7m | $6.0m | — | |
| Amortization of right of use assets | — | — | — | — | — | — | $11.7m | $24.6m | $4.1m | $5.5m | — | |
| Amortization of prepaid post-combination compensation | — | — | — | — | — | — | — | — | $5.1m | $9.0m | — | |
| Amortization of debt discount | $7k | $22k | $348k | $406k | $179k | — | — | — | $182k | $236k | — | |
| Depreciation of property and equipment and right-of-use financial assets | $19k | — | — | — | — | — | — | $1.3m | $2.0m | $2.9m | $12.2m | |
| Amortization | — | — | — | — | — | — | — | $31k | $35k | $38k | $6.4m | |
| Depreciation of property, plant and equipment | — | — | — | — | $2.3m | $10.7m | $15.0m | $2.0m | $16k | — | $12.2m | |
| Depreciation of right-of-use assets | — | — | — | $1.3m | $4.5m | $4.1m | $3.4m | $2.2m | $1.1m | — | $12.2m | |
| Depreciation and amortization expense | $13.9m | $21.0m | $30.2m | $3.2m | $4.6m | $7.1m | $7.7m | $7.8m | $6.4m | $5.2m | $12.2m | |
| Net amortization of premiums (accretion of discounts) on available-for-sale securities | — | — | ($443k) | ($2.2m) | ($1.8m) | $347k | $381k | ($5.4m) | ($4.4m) | ($2.0m) | — | |
| Amortization of debt issuance costs | — | — | — | — | $154k | $171k | $185k | $286k | — | — | — | |
| Provision for deferred income taxes | — | — | — | — | — | — | — | — | ($1.3m) | ($2.7m) | — | |
| Deferred income taxes | $150k | $152k | ($21.9m) | ($141k) | ($661k) | ($1.9m) | ($989k) | $381k | $801k | ($801k) | ($5.5m) | |
| Share-based accounting charge | — | — | — | — | — | — | — | — | $31.8m | $29.6m | — | |
| Stock-based compensation | $17.6m | $26.7m | $30.4m | $38.8m | $47.5m | $55.0m | $14.4m | ($7.7m) | $7.0m | $10.2m | $48.5m | |
| Recognition of equity-settled share-based payment expenses | — | — | — | $0 | $19.4m | $53.9m | $15.2m | $5.7m | $1.5m | — | — | |
| Excess tax benefits from stock-based compensation | — | $447k | — | — | — | — | — | — | — | — | — | |
| Impairment of goodwill and other intangible assets | — | — | — | — | — | — | — | — | $0 | $9.1m | — | |
| Impairment of trade receivables, net | — | — | — | $2.3m | $35.0m | $18.7m | $99.6m | $1.9m | $3.8m | — | — | |
| Impairment of other receivables and other assets, net | — | — | — | — | $257k | — | $20k | $3.0m | $3.4m | — | — | |
| Impairment of amount due from related parties | — | — | — | — | — | $2.0m | $19k | — | $252k | — | — | |
| Impairment of inventories | — | — | — | — | — | — | $7.8m | $20.5m | — | — | — | |
| Impairment of property, plant and equipment | — | $1k | — | ($10.0m) | $4k | $1.1m | $34.9m | $3.2m | $243k | $48k | — | |
| Impairment of intangible assets | — | — | — | — | — | — | $427.3m | — | $35k | — | — | |
| Impairment of goodwill | — | — | — | — | — | — | $237.2m | $40.7m | $764k | — | — | |
| Impairment of investment in associate and joint ventures | — | — | — | — | — | — | — | $20.5m | $2.4m | — | — | |
| Impairment of an amount due from a related party | — | — | — | $0 | $0 | $2.0m | — | — | — | — | — | |
| Impairment of other receivables, net | — | — | — | $806k | $257k | $0 | — | — | — | — | — | |
| Credit losses on accounts receivable | $87k | ($161k) | $27k | $92k | $271k | ($107k) | $213k | $133k | $0 | $2.4m | — | |
| Accounts receivable | $21k | — | — | ($10.5m) | ($16.0m) | ($880k) | ($6.1m) | ($27.5m) | ($3.1m) | ($5.1m) | ($12.2m) | |
| Accounts receivable and other receivables | — | — | — | — | — | — | — | ($8.5m) | ($8.2m) | $3.0m | ($12.2m) | |
| Decrease/(increase) in trade receivables | — | — | — | ($67.4m) | ($25.9m) | $52.0m | $2.5m | ($15.5m) | $11.7m | — | — | |
| Decrease/(increase) in prepayments, other receivables and other assets | — | — | — | — | ($6.0m) | ($17.3m) | $2.1m | ($3.1m) | $7.7m | — | — | |
| Increase in prepayments, other receivables and other assets | — | — | — | ($41.0m) | ($6.0m) | ($17.3m) | — | — | — | — | — | |
| Repayments on loan receivables from third parties | — | — | — | — | — | $44.8m | $2.6m | $1.1m | $4.2m | $2.9m | — | |
| Repayments on loan receivables from related parties | $208k | — | — | — | — | — | $35.2m | $3.9m | $3.2m | $2.0m | — | |
| Loan receivables advanced to third parties | — | — | — | ($11.9m) | ($37.7m) | ($49.4m) | ($2.4m) | ($7.9m) | — | — | — | |
| Loan receivables advanced to related parties | — | — | — | — | — | ($4.8m) | ($36.0m) | ($4.1m) | — | — | — | |
| Repayments on loan receivables from a third party | — | — | — | $2.5m | $12.0m | $44.8m | $2.6m | — | — | — | — | |
| Decrease (increase) in accounts receivable | ($44k) | $228k | ($27k) | $166k | ($2k) | ($81k) | $110k | ($9.4m) | ($8.2m) | ($3.6m) | — | |
| Decrease/(increase) in inventories | — | — | — | ($116k) | $859k | ($6.4m) | ($1.1m) | $778k | — | — | — | |
| Provision for inventories obsolescence/(reversal) | — | — | — | $527k | $273k | ($8k) | $311k | $35k | ($223k) | $154k | — | |
| Inventories | ($90k) | — | — | $14.5m | $15.5m | ($38.8m) | ($23.2m) | $30.6m | $26.5m | $15.1m | — | |
| Accounts payable and accrued expenses | $92k | — | — | — | — | — | — | $2.5m | ($2.1m) | $6.3m | — | |
| Increase in trade payables | — | — | — | $11.7m | ($7.7m) | $3.2m | $4.5m | $3.4m | $18.0m | — | — | |
| (Increase)/decrease in other payables and accruals | — | — | — | — | — | ($6.8m) | ($2.5m) | $10.8m | ($85.1m) | — | — | |
| (Decrease)/increase in other payables and accruals | — | — | — | $42.4m | $2.0m | ($6.8m) | ($2.5m) | — | — | — | — | |
| Accounts payable | $75k | ($299k) | $57k | ($15.8m) | ($19.5m) | ($22.0m) | $18.1m | ($36.3m) | ($31.5m) | ($4.6m) | — | |
| Change in Accounts Payable | $72k | $219k | $740k | ($75k) | ($93k) | ($33k) | $5k | ($1.6m) | $2.4m | $7.3m | — | |
| Accounts payable, related party | — | ($75k) | $6k | $28 | $15k | — | — | — | — | — | — | |
| Accounts payable settled through advances | $12k | — | — | — | — | — | — | — | — | — | — | |
| Deferred revenue | — | — | — | $2.6m | $1.9m | ($5.2m) | $3.1m | ($2.5m) | $959k | $149k | — | |
| Accrued deferred equity offering costs | — | — | — | — | — | — | — | — | $0 | $2.6m | — | |
| Accrued payroll liabilities | — | — | — | ($1.5m) | $355k | $2.5m | $293k | $134k | $142k | ($122k) | — | |
| Accrued liabilities and other current liabilities | — | — | — | $916k | $574k | $667k | $2.0m | $2.7m | ($4.8m) | ($4.3m) | — | |
| Increase in accrued compensation to officer | $183k | $180k | $180k | $137k | $162k | $162k | $162k | — | — | — | — | |
| Change in Accrued Liabilities | $37k | $62k | $112k | $410k | $272k | $31k | $6k | — | — | — | — | |
| Increase in accrued expenses and advances, related parties | — | — | — | — | — | $30k | $38k | — | — | — | — | |
| Issuance of common stock upon conversion of convertible debt and accrued interest | — | — | — | — | — | $155k | — | — | — | — | — | |
| Accrued expenses, related party | $450k | $27k | $5k | $33k | $30k | $30k | — | — | — | — | — | |
| Accrued expenses and other | — | — | $11.6m | $13.6m | $17.7m | $20.3m | $16.9m | $18.4m | $13.3m | $18.5m | — | |
| Purchases of property and equipment and internal-use software, accrued but not paid | $607k | $667k | $659k | $4.3m | $164k | $581k | $2.1m | $0 | $1.1m | $1.8m | ($11k) | |
| Prepaid expenses and other assets | — | — | — | ($430k) | $3.3m | ($48.9m) | ($35.1m) | $47.8m | $573k | ($1.1m) | — | |
| Other liabilities | — | — | — | — | — | — | — | — | ($982k) | ($1.7m) | — | |
| Other current assets | — | — | — | — | — | — | — | ($1.4m) | $12k | $626k | $472k | |
| Other | — | — | — | $454k | $395k | $632k | $503k | $1.7m | ($962k) | $1.0m | — | |
| Net Cash Provided by Operating Activities | ($334k) |
($823k)
-146.54%
|
($758k)
+7.89%
|
($206.2m)
-27103.86%
|
($165.9m)
+19.55%
|
($247.5m)
-49.17%
|
($147.5m)
+40.40%
|
$11.8m
+108.00%
|
$16.4m
+38.97%
|
$24.8m
+51.01%
|
$21.7m
-12.26%
|
|
| Net cash flows used in operating activities | ($334k) |
$156k
+146.78%
|
$131k
-16.33%
|
$17.4m
+13209.76%
|
$26.3m
+51.18%
|
$64.7m
+146.09%
|
($26.5m)
-140.93%
|
($20.8m)
+21.57%
|
($18.8m)
+9.38%
|
$24.8m
+231.61%
|
$21.7m
-12.26%
|
|
| Net Cash from Operating Activities | $2.0m |
$156k
-92.33%
|
$131k
-16.33%
|
$17.4m
+13209.76%
|
$26.3m
+51.18%
|
$64.7m
+146.09%
|
($26.5m)
-140.93%
|
$422k
+101.59%
|
$16.4m
+3789.69%
|
$24.8m
+51.01%
|
$21.7m
-12.26%
|
|
| Purchases of property and equipment | ($65k) | ($21.3m) | ($21.7m) | ($2.0m) | ($1.2m) | ($6.5m) | ($3.1m) | ($1.8m) | ($56k) | ($11k) | ($11k) | |
| Proceeds from sale of property and equipment | — | $2k | — | $286k | $5k | $4k | $125k | $16k | $213k | $48k | — | |
| Loss on disposal of property, plant and equipment | — | $1k | — | $41k | $4k | $1.1m | $809k | $3.2m | $243k | $48k | — | |
| Property, plant and equipment written off | — | $1k | — | ($10.0m) | $4k | $1.1m | $809k | $3.2m | $243k | $48k | — | |
| Purchase of property, plant and equipment | $65k | $21.3m | $21.7m | ($3.5m) | ($948k) | ($16.4m) | ($158k) | $1.8m | $56k | $11k | — | |
| Deposit withdrawal for property, plant and equipment | — | $1k | — | ($10.0m) | $4k | $1.1m | $4.9m | $3.2m | $243k | $48k | — | |
| Proceeds from disposal of items of property, plant and equipment | — | $1k | — | $3k | $0 | $298k | $866k | $38k | $243k | $48k | — | |
| Deposits paid for property, plant and equipment | — | $1k | — | ($10.0m) | ($9.9m) | ($41.6m) | $4.9m | $3.2m | $243k | $48k | — | |
| Loss/(gain) on disposal of property and equipment and intangible assets | $19k | ($4k) | $227k | $67k | $31k | $20k | ($104k) | ($7k) | $46k | ($463k) | — | |
| Disposal of property and equipment | — | $1k | — | ($10.0m) | $5k | $4k | $125k | $16k | $243k | $48k | — | |
| Gain on sale of property | — | — | — | — | — | — | ($32k) | — | — | — | — | |
| Proceeds from sale of property | — | — | — | — | — | — | $96k | — | — | — | — | |
| Payment of deposits on equipment (discontinued operations) | — | — | — | ($5.7m) | ($197k) | — | — | — | — | — | — | |
| Gain on sale of property and equipment | — | $1k | — | ($3k) | $4k | $1.1m | $809k | $3.2m | $243k | $48k | — | |
| Receipt of the principal portion of net investments in subleases | — | — | — | $521k | $219k | $73k | $261k | — | — | — | — | |
| Decrease/(increase) in short-term investments, net | — | — | — | — | — | ($168.5m) | $40.5m | $58.3m | $69.8m | ($4.0m) | — | |
| Disposal of long-term investments | — | — | — | — | — | — | — | — | $8.1m | $300k | — | |
| Proceeds from disposal of short-term investments | — | — | — | — | — | — | $40.5m | $58.3m | $69.8m | — | — | |
| Acquisitions of long-term investments | — | — | — | ($10.7m) | ($50.0m) | — | ($15.8m) | — | — | — | — | |
| Cash paid for acquisitions, net of cash acquired | — | — | ($6.7m) | — | ($16.7m) | ($15.0m) | ($107.6m) | ($2.9m) | ($19.8m) | ($21.1m) | — | |
| Contingent consideration issued for acquisitions | — | — | — | — | — | — | — | — | $3.8m | $0 | — | |
| Common stock issued for acquisitions | — | — | — | — | — | — | — | — | $1.4m | $1.3m | — | |
| Deposits to be used in connection with future acquisitions | — | — | — | — | — | — | — | — | ($29.1m) | $29.1m | — | |
| Unpaid cash consideration for business acquisitions | — | — | — | ($8.3m) | — | — | ($2.9m) | ($2.9m) | ($2.9m) | ($2.9m) | — | |
| Non-cash consideration paid for business acquisitions | — | — | — | — | ($33.4m) | — | — | — | — | — | — | |
| Liabilities assumed for acquisitions | — | — | — | — | $674k | $281k | $4.6m | $117k | $378k | $55.7m | — | |
| Other investing activities | — | — | — | — | $0 | $0 | ($2.5m) | ($1.1m) | ($1.1m) | ($1.3m) | — | |
| Net Cash Used in Investing Activities | ($65k) | $2k | ($179.3m) | ($22.6m) | ($75.1m) | ($184.4m) | $21.1m | ($4.3m) | ($19.5m) | ($21.6m) | ($5.5m) | |
| Net cash flows used in investing activities | — | — | — | ($37.3m) | ($121.3m) | ($291.2m) | ($38.5m) | ($176k) | ($55.5m) | — | — | |
| Payment of debt issuance costs | — | — | — | — | ($701k) | ($64k) | ($87k) | ($428k) | ($215k) | ($128k) | — | |
| Loss on debt extinguishment | — | — | — | — | ($10.1m) | ($6.8m) | — | — | $1.4m | $1.2m | — | |
| Proceeds from bank borrowings | — | — | — | $5.0m | $10.0m | $10.0m | $30.0m | $34.5m | $18.7m | — | — | |
| Repayment of bank borrowings | — | — | — | ($39.7m) | ($5.0m) | ($10.0m) | ($10.0m) | ($32.0m) | ($33.7m) | — | — | |
| Proceeds from other borrowings | — | — | — | — | — | $23.0m | $37.9m | $19.0m | $74.0m | — | — | |
| Repayment of other borrowings | — | — | — | — | — | — | ($36.4m) | ($4.7m) | ($36.6m) | — | — | |
| Interest paid related to borrowings | — | — | $25k | ($1.5m) | ($2.8m) | ($9.6m) | ($10.4m) | ($3.3m) | ($3.6m) | $3.2m | — | |
| Interest expense of other debts | — | — | — | $17.1m | $53.9m | $21.6m | $17.1m | $9.7m | $5.1m | $6.0m | — | |
| Proceeds from short-term and long-term borrowings | — | — | — | $57.6m | $162.5m | $87.8m | $185.6m | $110.6m | $15.0m | $31.5m | — | |
| Repayments of short-term and long-term borrowings | — | — | — | ($65.8m) | ($43.5m) | ($74.0m) | ($176.9m) | ($187.2m) | ($86.0m) | ($37.7m) | — | |
| Proceeds from issuance of other debts, net of issuance costs | — | — | — | $139.3m | $134.9m | $16.9m | $262.9m | $88.0m | $8.8m | $9.8m | — | |
| Repayments of other debts | — | — | — | — | — | ($130.8m) | ($270.9m) | ($88.0m) | ($6.8m) | ($10.0m) | — | |
| Proceeds from Debt Issuance | $16k | — | — | — | — | $36k | — | — | — | — | — | |
| Loss on settlement of convertible debt | — | — | — | $31k | — | — | — | — | — | — | — | |
| Repayment of convertible debt | — | — | ($5k) | ($150k) | — | — | — | — | — | — | — | |
| Issuance of common stock upon conversion of convertible debt | — | — | $26k | $331k | — | — | — | — | — | — | — | |
| Debt discounts on convertible notes payable | — | — | $366k | — | — | — | — | — | — | — | — | |
| Loss on conversion of convertible debt | — | $13k | — | — | — | — | — | — | — | — | — | |
| Assumption of convertible debt from reverse merger | — | $834k | — | — | — | — | — | — | — | — | — | |
| Convertible debt issued for operating expenses | $42k | — | — | — | — | — | — | — | — | — | — | |
| Settlement of related party advances with the issuance of convertible debt | $75k | — | — | — | — | — | — | — | — | — | — | |
| Debt Discount on convertible notes payable | $32k | — | — | — | — | — | — | — | — | — | — | |
| Borrowings under credit facility | — | — | — | — | $100.0m | $0 | $50.0m | $0 | $0 | $325.0m | — | |
| Common stock received for repayment of note receivable with Alpine Group | — | — | — | — | — | — | — | — | $0 | $532k | — | |
| Issuance of common stock for settlement of other liability | — | — | — | — | — | — | — | — | $0 | $342k | — | |
| Settlement of amounts due to related party with issuance of common stock | — | $450k | — | — | — | — | — | — | — | — | — | |
| Common stock issued for services | $396k | — | — | — | — | — | — | — | — | — | — | |
| Dividends paid | — | — | — | — | — | — | — | — | ($16.8m) | ($8.7m) | ($8.7m) | |
| Deemed dividend to preferred shareholders | — | — | — | ($723k) | ($1.1m) | ($12.5m) | — | — | — | — | — | |
| Dividends payable, related party | $3k | $9k | $6k | $69k | — | — | — | — | — | — | — | |
| Taxes paid related to net share settlement of equity awards | ($5.9m) | ($11.3m) | ($10.6m) | ($24.2m) | ($38.9m) | ($64.2m) | ($69.8m) | ($88.3m) | ($52.5m) | ($60.0m) | — | |
| Other financing activities | — | — | — | — | — | — | ($87k) | ($885k) | ($72k) | ($408k) | — | |
| Net Cash Provided by Financing Activities | $470k |
$786k
+67.16%
|
$707k
-10.05%
|
$199.3m
+28084.16%
|
$295.0m
+48.02%
|
$259.8m
-11.93%
|
$11.3m
-95.64%
|
($3.2m)
-128.04%
|
$3.3m
+204.97%
|
$2.5m
-23.56%
|
$17.0m
+568.16%
|
|
| Net cash flows from financing activities | — | — | — | $11.8m |
$97.8m
+728.33%
|
$259.8m
+165.80%
|
$11.3m
-95.64%
|
— | — | — | — | |
| Net Cash from Financing Activities | $235k |
($7k)
-103.03%
|
($122)
+98.28%
|
$7k
+6029.51%
|
— | — | — | — | — | — | — | |
| NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS | ($8.1m) | $2.7m | $33.3m | ($53.6m) | $2.1m | ($5.0m) | ||||||
| Cash and Cash Equivalents as of Beginning of Period | — | $1.3b | $1.0b | $50.2m | $27.2m | $88.4m | $292.2m | $2.2m | $14.5m | $20.4m | — | |
| Cash and cash equivalents at beginning of year | — | — | — | $23.0m | $25.7m | $59.0m | $59.0m | $5.4m | $7.6m | — | $9.5m | |
| Net increase in cash and cash equivalents and restricted cash | — | — | — | ($29.5m) | $54.1m | $216.6m | ($124.4m) | $4.3m | $3.4m | $3.6m | — | |
| Restricted cash – non-current | — | — | — | — | — | — | — | — | $2.1m | $4.4m | — | |
| Effects of exchange rate changes on cash, cash equivalents and restricted cash | — | — | — | — | — | — | ($5.0m) | $11.2m | ($6.4m) | $20k | — | |
| Effect of foreign exchange rate changes on cash and cash equivalents | — | — | — | $6.5m | $7.1m | ($12.7m) | ($5.0m) | $11.2m | ($54k) | $156k | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Accretion of other liability | — | — | — | — | — | — | — | — | $3.7m | $8.5m | — | |
| Change in fair value of contingent consideration | — | — | — | — | — | — | — | — | $1.9m | $5.1m | — | |
| Gain on bargain purchase | — | — | — | — | — | — | — | — | ($2.5m) | ($2.0m) | — | |
| Employee loan forgiveness | — | — | — | — | — | — | — | — | $0 | $250k | — | |
| Prepaid post-combination expense | — | — | — | — | — | — | — | — | ($4.6m) | ($10.5m) | — | |
| Income taxes payable and receivable | — | — | — | — | — | — | — | — | ($2.2m) | $1.1m | — | |
| Contingent consideration | — | — | — | — | — | — | — | — | ($269k) | ($4k) | — | |
| Operating lease liability | — | — | — | — | — | — | ($12.8m) | ($26.4m) | ($4.3m) | ($6.0m) | — | |
| Transactions with members and related parties | — | — | — | — | — | — | $490k | ($3.8m) | $1.6m | ($822k) | — | |
| Proceeds issued for notes receivable - related parties | — | — | — | — | — | — | — | — | $0 | ($500k) | — | |
| Proceeds received for notes receivable - related parties | — | — | — | — | — | — | $35.2m | $3.9m | $350k | $0 | — | |
| Proceeds from notes payable | — | — | — | $8.5m | — | — | — | — | $25.0m | $24.0m | — | |
| Payment of deferred equity offering costs | — | — | — | — | — | — | — | — | $0 | ($2.9m) | — | |
| Principal payment of note payable | ($25k) | ($36k) | ($26k) | ($61k) | — | — | — | — | ($3.9m) | ($9.2m) | — | |
| Payment of contingent considerations | — | — | — | ($1.0m) | — | — | — | — | ($750k) | ($582k) | — | |
| Net Change in Cash and Cash Equivalents | $5.2m | ($280.2m) | ($51k) | $1.7m | ($1.7m) | $13k | $78k | ($1.4b) | $195k | $5.9m | — | |
| Cash paid for interest | — | — | $25k | $368k | $451k | $870k | $311k | $404k | $1.7m | $3.2m | — | |
| Cash paid for income taxes | ($5.9m) | $28k | ($53k) | $412k | $84k | ($136k) | $11k | ($2.7m) | $10.0m | $5.9m | — | |
| Right of use assets obtained with lease liabilities | — | — | — | $19.6m | $10.1m | $26.0m | $21.0m | $15.3m | $797k | $4.1m | — | |
| Right of use assets obtained with business combinations | — | — | — | — | — | — | — | — | $268k | $1.8m | — | |
| Stock issued for settlement of contingent consideration | — | — | — | — | — | — | — | — | $691k | $0 | — | |
| Non-cash operating leases expense | ($334k) | $156k | $131k | $17.4m | $26.3m | $64.7m | ($26.5m) | $422k | $5.2m | $7.5m | $21.7m | |
| Current estimated credit loss | — | — | — | — | — | — | — | $579k | $95k | $276k | — | |
| Interest income | — | — | — | — | — | — | — | — | ($109k) | ($145k) | — | |
| Prepaid expenses | ($3.3m) | ($2.1m) | ($2.1m) | $389k | ($71k) | ($4.0m) | ($14.8m) | ($397k) | ($333k) | ($246k) | — | |
| Other non-current assets | — | — | — | ($974k) | ($7.9m) | $11.3m | $4.0m | ($1.7m) | ($712k) | ($28k) | — | |
| Income tax payable | — | — | — | — | — | — | — | $2.3m | ($2.6m) | ($58k) | — | |
| Net changes in derecognized ROU and operating lease liability | — | — | — | — | — | — | — | — | — | ($64k) | — | |
| Loan disbursement amounts | — | — | — | — | — | — | — | ($2.4m) | ($4.8m) | ($1.0m) | — | |
| Proceeds from loan repayments | — | — | — | — | — | — | — | — | $2.5m | $2.0m | — | |
| Net proceeds received from related parties | $546k | $321k | — | — | — | — | — | — | $1k | — | — | |
| Proceeds (lend to) from related parties | — | — | — | $3k | — | — | — | ($2.5m) | $511k | ($350k) | — | |
| Repayments of finance lease liabilities | — | — | — | — | — | — | — | ($208k) | ($164k) | ($360k) | — | |
| Repayment of convertible notes | — | — | — | — | — | — | — | — | — | ($3.3m) | — | |
| Proceeds from convertible notes | $158k | — | $282k | $200k | $500k | $500k | — | — | — | $8.1m | — | |
| Proceeds from IPO and share issuance, net | — | — | — | — | — | $393.7m | — | — | $7.5m | — | — | |
| Capital contributions from stockholders | — | — | — | — | — | — | — | $473k | $969k | — | — | |
| Cash and cash equivalents | $19k | $90k | $56k | $132.5m | $250.9m | $202.3m | $139.8m | $6.6m | $7.9m | $9.2m | $9.5m | |
| Cash paid for income tax | ($5.9m) | ($11.3m) | ($10.6m) | ($7.6m) | ($7.6m) | ($7.8m) | ($3.0m) | ($2.7m) | ($4.7m) | ($122k) | — | |
| Decrease in right-of-use assets due to remeasurement of lease terms | — | — | — | — | — | — | — | — | — | $1.1m | — | |
| Right-of-use assets acquired in exchange for operating lease liabilities | — | — | — | ($19.3m) | ($18.2m) | ($12.8m) | ($12.8m) | ($26.4m) | $81.9m | $27.9m | — | |
| Right-of-use assets acquired in exchange for finance lease liabilities | — | — | — | — | — | — | — | $110k | — | $819k | — | |
| Shares issued to settle commitment fee | $1.3m | $450k | — | — | — | — | — | — | — | $250k | — | |
| Shares issued pursuant to SEPA | — | — | — | — | — | — | — | — | — | $950k | — | |
| IPO expenses paid by stockholders | — | — | — | — | — | — | — | $350k | $300k | — | — | |
| Accretion of finance lease liabilities | — | — | — | — | — | — | — | $60k | $48k | — | — | |
| Contract liabilities | — | — | — | — | — | — | ($2k) | $424k | ($148k) | — | — | |
| Purchase of intangible assets | — | — | — | ($19.1m) | ($10.1m) | ($20.3m) | ($19.9m) | ($54k) | ($27.7m) | ($9k) | — | |
| Loss before tax | — | — | — | $65.9m | ($11.6m) | ($58.6m) | ($890.4m) | ($65.8m) | ($67.1m) | — | — | |
| Finance costs | — | — | — | $3.2m | $10.1m | $7.7m | $4.8m | $7.0m | $7.5m | — | — | |
| Finance income | — | — | — | ($258k) | ($1.6m) | ($79k) | ($34k) | ($9k) | ($2.4m) | — | — | |
| Amortisation of intangible assets | — | — | — | $3.8m | $5.4m | $8.4m | $18.6m | $5.7m | $10.3m | — | — | |
| Covid-19-related rent concessions from a lessor | — | — | — | $0 | ($778k) | $0 | ($859k) | — | — | — | — | |
| Expenses for the issuance of shares paid | — | — | — | — | — | — | — | — | $9.3m | — | — | |
| Operation profit (loss) before working capital changes | — | — | — | — | — | $48.5m | ($25.6m) | ($14.6m) | ($28.9m) | — | — | |
| Increase in amounts due to related parties | — | — | — | ($370k) | ($663k) | $357k | — | — | $55.1m | — | — | |
| Decrease/(increase) in contract liabilities | — | — | — | $1.0m | $8.4m | ($1.0m) | ($3.4m) | ($2.4m) | $3.4m | — | — | |
| Cash used in from operations | — | — | — | $24.9m | $33.9m | $72.5m | ($23.4m) | ($20.7m) | ($18.1m) | — | — | |
| Income tax paid | ($5.9m) | ($11.3m) | ($10.6m) | ($7.6m) | ($7.6m) | ($7.8m) | ($3.0m) | ($20k) | ($740k) | $5.9m | $5.9m | |
| Interest received | — | — | — | $258k | $45k | $63k | $33k | $9k | — | — | — | |
| Cash obtained from acqusition | — | — | — | $0 | $1.1m | $0 | $315k | — | — | — | — | |
| Advance to related parties | — | — | — | $0 | ($18.5m) | ($900k) | ($2.1m) | ($2.8m) | ($27.8m) | — | — | |
| Repayment of advance to related parties | — | — | — | $0 | $17.4m | $0 | — | $2.5m | — | — | — | |
| Increase in deposits paid for intangible assets | — | — | — | ($42.4m) | ($106.1m) | ($214.5m) | ($22.7m) | — | — | — | — | |
| Proceeds from issuance of ordinary shares | — | — | — | $0 | $90.4m | $293.0m | $828k | $88.0m | $53.5m | $14.5m | — | |
| Capital injection from non-controlling shareholder | — | — | — | — | — | — | — | — | $25k | — | — | |
| Advance from related parties | — | — | — | $0 | $7.2m | $0 | $488k | $22.0m | ($27.8m) | — | — | |
| Repayment of amount due to related parties | — | — | — | $0 | $105k | ($7.2m) | — | ($9.0m) | ($1.9m) | — | — | |
| Payment of the principal portion of lease liabilities | — | — | — | ($2.0m) | ($2.2m) | ($2.6m) | ($1.1m) | ($3.1m) | ($1.1m) | — | — | |
| Interest paid related to leases | — | — | $25k | ($1.5m) | ($2.8m) | ($9.6m) | ($10.4m) | ($264k) | ($106k) | $3.2m | — | |
| Share of loss of a joint venture | — | — | — | $0 | $9k | $491k | — | — | — | — | — | |
| Repayment from a loan receivable | — | — | — | $0 | $6.0m | $3.0m | — | — | — | — | — | |
| Total adjustments | — | — | — | $78.6m | $62.9m | $48.5m | ($25.6m) | — | — | — | — | |
| Investment in a joint venture | — | — | — | $0 | ($500k) | $0 | — | — | — | — | — | |
| Repayment of amount due to a related party | — | — | — | $0 | $0 | ($7.2m) | — | — | — | — | — | |
| Decrease in a pledged deposit | — | — | — | $36.9m | $0 | $0 | — | — | — | — | — | |
| Acquisition of non-controlling interests | — | — | — | ($10k) | $0 | $0 | — | — | — | — | — | |
| Interest receivable for issuance of ordinary shares | — | — | — | $0 | $90.4m | ($15.4m) | ($14.2m) | ($6.1m) | $53.5m | — | — | |
| Interest of lease liabilities | — | — | — | $1.6m | $1.4m | $1.6m | $1.9m | $1.8m | $199k | $318k | — | |
| Investment income/(loss) | — | — | — | — | — | — | $622k | $178k | ($1.8m) | ($61k) | — | |
| Share of results of equity investees | — | — | — | ($91k) | $520k | $131k | ($418k) | $82k | ($50k) | $22k | — | |
| Discount on the ordinary shares issued by public offering | — | — | — | — | — | — | — | — | $5.9m | — | — | |
| Gain from disposal of a subsidiary | — | — | — | — | — | — | — | ($3.6m) | ($49k) | — | — | |
| Fair value change of derivative liabilities | ($1.4m) | — | — | $2.3m | ($13.3m) | ($11.4m) | ($2.8m) | $2.3m | $1.0m | ($5.7m) | — | |
| Amounts due to related parties | — | — | — | ($2k) | ($105k) | $1.1m | ($808k) | $252k | ($471k) | — | — | |
| Loan advanced to third parties | — | — | — | — | — | — | ($2.4m) | ($7.9m) | ($3.2m) | ($701k) | — | |
| Loan advanced to related parties | — | — | — | — | — | — | ($36.0m) | ($4.1m) | ($4.8m) | ($2.0m) | — | |
| Acquisition of subsidiaries, net of cash acquired | — | — | — | — | — | — | — | ($2.9m) | — | — | — | |
| Proceeds from exercise of share option | — | $34k | — | $85k | $0 | $9k | $1.0m | $25k | $29k | — | — | |
| Accretion on redeemable non-controlling interests | — | — | — | — | — | ($138k) | ($575k) | ($675k) | ($766k) | ($841k) | — | |
| Cash paid for fixed operating lease costs included in the measurement of lease obligations in operating activities | ($334k) | $156k | $131k | $19.3m | $18.2m | $12.8m | $12.8m | $26.4m | $18.0m | $10.1m | $21.7m | |
| Gain from the re-measurement of the previously held equity interest to the fair value in the business acquisition | — | — | — | — | ($481k) | — | ($127k) | — | — | — | — | |
| Acquisition of additional interests in subsidiaries from non-controlling interests | — | — | — | $250k | $0 | $50k | $245k | — | — | — | — | |
| Amounts due from related parties | — | — | — | $13.3m | ($1.9m) | ($2.7m) | $490k | ($3.8m) | — | — | — | |
| Proceeds from issuance of convertible redeemable preferred shares, net of issuance costs | — | — | — | $68.1m | $41.2m | $354.8m | — | — | — | — | — | |
| Accretion on convertible redeemable preferred shares | — | — | — | ($392.6m) | ($204.8m) | $120.9m | — | — | — | — | — | |
| Acquisition of subsidiaries, net of cash and cash equivalents acquired | — | — | — | ($893k) | $1.8m | — | — | — | — | — | — | |
| Disposal of equity investees | — | — | — | — | $20k | — | — | — | — | — | — | |
| Net (loss) income | ($3.9m) | $6.7m | ($1.8m) | ($1.8m) | ($1.9m) | $3.0m | ($279k) | $140.8m | $206.8m | $227.1m | — | |
| Gain on deconsolidation | — | — | — | — | — | ($3.9m) | — | — | — | — | — | |
| Loan forgiveness | — | — | — | — | — | ($30k) | ($36k) | — | — | — | — | |
| Effect of discontinue operations on cash | — | — | — | — | ($179k) | $272k | — | — | — | — | — | |
| Cash and cash equivalents at end of year | — | — | $56k | $5k | $1.7m | $69k | $147k | — | — | — | $42.8m | |
| Note payable extension fee added to principal | — | — | — | — | $436k | $458k | — | — | — | — | — | |
| Gain on sale of vehicles | — | — | — | — | ($11k) | — | — | — | — | — | — | |
| Forgiveness of payroll protection loan | — | — | — | — | — | ($30k) | — | — | — | — | — | |
| Right-to-use asset and obligation | — | — | — | $3k | $20k | — | — | — | — | — | — | |
| Proceeds form sale of vehicles | — | — | — | — | $11k | — | — | — | — | — | — | |
| Proceeds from payroll protection loan | — | — | — | — | $30k | $36k | — | — | — | — | — | |
| Right-of-use asset and operating lease liability | — | — | — | $1.3m | — | — | — | — | — | — | — | |
| Prepaid expenses and deposits | — | — | — | $7k | ($71k) | — | — | — | — | — | — | |
| Cash released from escrow | — | — | — | $42k | — | — | — | — | — | — | — | |
| Stock issued for services | — | $397k | $84k | — | — | — | — | — | — | — | — | |
| Proceeds from advances from related parties | — | $321k | $24k | $3k | — | — | — | — | — | — | — | |
| Stock Repurchases (Issuances) | — | $501k | $173k | — | — | — | — | — | — | — | — | |
| Proceeds from project financing obligation | — | — | $260k | — | — | — | — | — | — | — | — | |
| Original issue discount on convertible notes | — | — | $68k | — | — | — | — | — | — | — | — | |
| Increase in convertible notes and discounts from extension | — | — | $50k | — | — | — | — | — | — | — | — | |
| Automatic redemption of preferred shares | — | — | $28 | — | — | — | — | — | — | — | — | |
| Loss on settlement of officer compensation | — | $1.2m | — | — | — | — | — | — | — | — | — | |
| Repayments of advances from related parties | ($208k) | — | — | — | — | — | — | — | — | — | — | |
| Net decrease in cash | $71k | ($34k) | ($51k) | — | — | — | — | — | — | — | — | |
| Gain on change in fair value of derivative liabilities | ($1.4m) | — | — | — | — | — | — | — | — | — | — | |
| Vendor deposits | ($62k) | — | — | — | — | — | — | — | — | — | — | |
| Other prepaid assets | $13k | — | — | — | — | — | — | — | — | — | — | |
| Deferred income and customer deposits | $30k | — | — | — | — | — | — | — | — | — | — | |
| Net cash paid to acquire EXO:EXO | ($22k) | — | ($8.3m) | — | — | — | — | — | — | — | — | |
| Repayments of short term notes payable | ($6k) | — | — | — | — | — | — | — | — | — | — | |
| Beneficial conversion feature relating to convertible note payable | $81k | — | — | — | — | — | — | — | — | — | — | |
| Deferred contract costs | — | — | — | ($35.0m) | ($54.9m) | ($56.9m) | ($73.3m) | ($80.8m) | ($70.3m) | ($62.9m) | — | |
| Purchases of available-for-sale securities | — | — | ($196.6m) | ($250.7m) | ($400.3m) | $0 | ($434.0m) | ($598.9m) | ($304.5m) | ($261.0m) | — | |
| Proceeds from sales and maturities of available-for-sale securities | — | — | $73.0m | $246.2m | $410.6m | $101.5m | $116.8m | $446.8m | $294.4m | $160.1m | — | |
| Capitalized internal-use software costs | ($8.4m) | ($13.6m) | ($15.6m) | ($20.1m) | ($25.7m) | ($28.6m) | ($34.5m) | ($45.0m) | ($60.7m) | ($62.4m) | — | |
| Net change in client fund obligations | $648.4m | ($297.2m) | $281.5m | $168.9m | ($67.2m) | $432.4m | $2.2b | ($1.4b) | $325.1m | ($297.9m) | — | |
| Repayment of credit facility | — | — | — | — | $0 | ($100.0m) | ($50.0m) | $0 | $0 | ($162.5m) | — | |
| Repurchases of common shares | — | — | — | ($35.0m) | — | — | $0 | $0 | ($150.0m) | ($149.6m) | — | |
| Proceeds from employee stock purchase plan | $3.0m | $3.7m | $4.3m | $6.0m | $8.9m | $12.2m | $14.1m | $16.9m | $19.1m | $19.7m | — | |
| Funds held for clients' cash and cash equivalents | — | $942.5m | $1.1b | $1.3b | $1.2b | $1.7b | $3.7b | $2.1b | $2.4b | $2.1b | — | |
| Total cash, cash equivalents and funds held for clients' cash and cash equivalents | — | $1.0b | $1.2b | $1.4b | $1.5b | $1.9b | $3.8b | $2.4b | $2.8b | $2.5b | — | |
| Tenant improvement allowance | — | $2.8m | $11.8m | $7.5m | — | — | — | — | — | — | — | |
| Lease allowances used for tenant improvements | — | ($2.8m) | ($11.8m) | ($7.5m) | — | — | — | — | — | — | — | |
| Build-out allowances received from landlords | $1.9m | — | $2.0m | $1.3m | — | — | — | — | — | — | — | |
| Net realized losses on sales of available-for-sale securities | — | — | $2k | — | — | — | — | — | — | — | — | |
| Acquisition of business, net of cash and funds held for clients' cash and cash equivalents | — | — | ($6.7m) | — | — | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.