Financial Data and Key Metrics Changes - In Q4 2024, revenue was $78.3 million, representing a 3% year-over-year increase, while full-year revenue increased by 6% [35] - Gross profit grew by 2% year-over-year in Q4, with the consumer payments segment gross profit declining approximately 5% during Q4 and growing 3% for the full year [35] - Adjusted EBITDA for Q4 was $36.5 million, reflecting a 9% growth, with full-year adjusted EBITDA growth at 11% [37] - Free cash flow conversion improved to 64% in Q4 and 75% for the full year, benefiting from strong cash generation and management of operating expenses [38][39] Business Line Data and Key Metrics Changes - The consumer payments segment saw growth from existing clients and new client signings, with 16 new credit unions added in Q4, bringing the total to 329 [10] - The business payments segment gross profit grew 60% year-over-year in Q4, driven by strength in the core AP business and contributions from new clients [16] - Core AP business increased in the low teens in Q4 when excluding client attrition and strategic migrations [22] Market Data and Key Metrics Changes - The consumer payments segment faced challenges due to client losses and macroeconomic factors affecting the auto and ARM sectors [14][49] - The business payments segment benefited from strong ad spending during the 2024 presidential election cycle, positively impacting revenue [19] Company Strategy and Development Direction - The company is undergoing a comprehensive strategic review to assess alternatives for enhancing shareholder value, including potential M&A opportunities [30][31] - Focus on vertical-specific growth opportunities, particularly in accounts receivable management and credit card servicing [12] - Plans to reinvest in organic growth opportunities and strengthen market position through targeted sales and relationship management [32] Management's Comments on Operating Environment and Future Outlook - Management noted that client losses were primarily due to acquisitions and in-house transitions, with no significant changes in market dynamics [46][47] - The company remains confident in its sales pipeline and is focused on improving client experiences to enhance retention and growth [15] - Management refrained from providing a 2025 outlook due to the ongoing strategic review [40][41] Other Important Information - The company has made eight acquisitions since going public in 2019, expanding its consumer payment segment and diversifying its business payment platform [27][28] - The company has approximately $190 million in cash and $250 million in undrawn revolver capacity, totaling $440 million in liquidity [39] Q&A Session Summary Question: What changes are being seen in client attrition drivers? - Management indicated that client losses were due to acquisitions and in-house transitions, with no major trends suggesting increased attrition [46][47] Question: Can you elaborate on consumer softness mentioned in Q4? - Management noted ongoing challenges in the auto sector and ARM recovery, leading to depressed volumes [49] Question: What is the expected growth trend for 2025? - Management refrained from providing specific guidance but indicated that growth rates could normalize to mid to high single digits, excluding client losses [52] Question: What is the focus regarding the mortgage vertical? - The mortgage vertical is viewed as a multi-year organic opportunity, with ongoing progress expected [66] Question: What are the strategic review goals? - The strategic review aims to evaluate all aspects of the company to enhance shareholder value, including go-to-market strategies and potential M&A [58][59] Question: How is the competitive landscape evolving? - Management believes they are well-positioned in the market, with strong sales pipelines and ongoing investments in enterprise sales and product technology [65] Question: What are the trends in personal lending? - Positive momentum is noted in personal lending, with indications of loosening underwriting standards [72] Question: What is the rationale behind the total pay volume migration? - The migration aims to monetize total payment volume more effectively, despite some initial volume loss [75] Question: What are the hurdles to achieving double-digit top-line growth? - Timing of client losses and macro impacts in specific sectors have hindered growth, but strong bookings indicate potential for recovery [124][126]

Financial Data and Key Metrics Changes - In Q4 2024, revenue was $78.3 million, a 3% year-over-year increase, while full-year revenue increased by 6% [35] - Q4 gross profit grew by 2% year-over-year, with consumer payments segment gross profit declining approximately 5% in Q4 but growing 3% for the full year [35] - Adjusted EBITDA for Q4 was $36.5 million, representing a 9% increase, with full-year adjusted EBITDA growth at 11% [37] - Free cash flow for Q4 was $23.5 million, reflecting a 64% conversion rate, while full-year free cash flow conversion improved to 75% [38] Business Line Data and Key Metrics Changes - The consumer payments segment experienced growth from existing clients and new client signings, with 16 new credit unions added in Q4, totaling 329 credit union clients [10] - The business payments segment gross profit grew 60% year-over-year in Q4, driven by strength in the core AP business and contributions from new clients [16] - Core AP business increased in the low teens in Q4 when excluding one-off client attrition and strategic migrations [22] Market Data and Key Metrics Changes - The consumer payments segment faced challenges due to client losses and macroeconomic factors affecting the auto and ARM sectors [14][49] - The business payments segment benefited from strong demand in verticals such as healthcare, hospitality, and political media, particularly during the 2024 presidential election cycle [19] Company Strategy and Development Direction - The company is undergoing a comprehensive strategic review to assess alternatives for enhancing shareholder value, including potential M&A opportunities and capital allocation strategies [30][31] - Focus on vertical-specific growth opportunities, particularly in accounts receivable management and credit card servicing [12] - Plans to reinvest in organic growth opportunities and strengthen market position through targeted sales and relationship management investments [32] Management's Comments on Operating Environment and Future Outlook - Management noted that client losses were primarily due to acquisitions and in-house transitions, with no significant changes in market dynamics expected [46][47] - The company remains confident in its sales pipeline and client retention strategies, aiming for improved growth in 2025 despite refraining from providing specific guidance [40][52] Other Important Information - The company has made eight acquisitions since going public in 2019, expanding its consumer payment segment and diversifying its business payment platform [27][28] - The company has approximately $190 million in cash and $250 million in undrawn revolver capacity, totaling $440 million in liquidity [39] Q&A Session Summary Question: What are the drivers of client attrition? - Management indicated that client losses were due to acquisitions and in-house transitions, with no significant trends suggesting increased attrition [46][47] Question: Can you elaborate on consumer softness mentioned in Q4? - Management noted ongoing challenges in the auto sector and ARM recovery, leading to continued depressed volumes [49] Question: What is the outlook for 2025? - Management refrained from providing specific guidance but indicated that growth rates could normalize to mid to high single digits, excluding client losses [52] Question: How is the competitive landscape evolving? - Management expressed confidence in their competitive position, highlighting investments in enterprise sales and product technology [65] Question: What are the expectations for the personal lending vertical? - Management noted positive momentum in personal lending, with indications of loosening underwriting standards [72] Question: What is the strategy behind the total pay volume migration? - Management explained that migrating clients to the total pay solution aims to enhance monetization opportunities despite some initial volume loss [75] Question: What are the M&A opportunities being considered? - Management is focused on consumer bill pay verticals and B2B AP opportunities, looking for tuck-in acquisitions to expand their network [105][106]

Q4 2024 Earnings Supplement March 2025 Disclaimer 1 Repay Holdings Corporation ("REPAY" or the "Company") is required to file annual, quarterly and current reports, proxy statements and other information with the Securities and Exchange Commission ("SEC") Such filings, which you may obtain for free at the SEC's website at http://www.sec.gov, discuss some of the important risk factors that may affect REPAY's business, results of operations and financial condition. On July 11, 2019, Thunder Bridge Acquisition ...

Core Insights - Repay Holdings (RPAY) reported quarterly earnings of $0.24 per share, matching the Zacks Consensus Estimate, but down from $0.27 per share a year ago [1] - The company posted revenues of $78.27 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 4.68%, compared to $75.99 million in the same quarter last year [2] - Repay Holdings shares have declined approximately 5.5% year-to-date, while the S&P 500 has gained 1.2% [3] Earnings Performance - The company has surpassed consensus EPS estimates two times over the last four quarters [1] - Repay Holdings has topped consensus revenue estimates three times in the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is $0.24 on revenues of $85.51 million, and for the current fiscal year, it is $0.97 on revenues of $333.89 million [7] Market Outlook - The estimate revisions trend for Repay Holdings is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The outlook for the Financial Transaction Services industry, where Repay Holdings operates, is relatively strong, ranking in the top 34% of over 250 Zacks industries [8]

Revenue Segmentation - The Consumer Payments segment represented approximately 83% of total revenue for the year ended December 31, 2024[32]. - The Business Payments segment accounted for approximately 17% of total revenue for the year ended December 31, 2024[33]. - The top 10 clients contributed approximately 20% and 18% of total gross profit for the years ended December 31, 2024 and 2023, respectively[28]. Chargeback and Fraud Management - The chargeback rate was under 1% of total payment volume for the year ended December 31, 2024[51]. - The chargeback rate for the year ended December 31, 2024, was less than 1% of payment volume, indicating effective fraud management[138]. - The company is exposed to risks associated with fraudulent transactions, which could lead to increased chargeback liabilities[136]. Acquisitions and Market Expansion - The company has successfully acquired eleven businesses from January 1, 2016 through December 31, 2024[38]. - The company has completed eleven acquisitions from January 1, 2016, to December 31, 2024, focusing on integrated payments companies to expand its market presence and product offerings[62]. - The acquisition of Sigma Payment Solutions on January 1, 2016, marked the company's entry into the automotive finance space, enhancing its integration with automotive finance software platforms[63]. - The acquisition of PaidSuite on September 28, 2017, accelerated growth into the receivable management space through client and software integration partner relationships[64]. - The acquisition of TriSource Solutions on August 14, 2019, provided further control over the transaction processing ecosystem and improved product delivery capabilities[66]. - The company intends to expand into new verticals where it currently has limited operations or does not operate[35]. - The company is focused on expanding into new vertical markets and increasing market penetration through acquisitions and partnerships[154]. Operational Efficiency and Technology - The company plans to continue driving operational efficiencies to process larger payment volumes without significant increases in personnel and operating expenses[37]. - The company aims to strengthen and extend its solution portfolio through continued innovation and investment in technology capabilities[36]. - The electronic payments market is characterized by rapid technological evolution, and the company must continuously develop new products to remain competitive[116]. - The company’s future growth depends on its ability to adapt technology to meet the needs of new vertical markets, which may require additional resources[155]. - There is a risk that the company may not successfully implement new technologies or upgrades, which could impact operations and financial results[144]. Competition and Market Risks - The company is facing significant competition from various payment processing companies, including ACI Worldwide and traditional merchant acquirers like Bank of America Merchant Services[58]. - There is a notable digital shift in the industry, with a transition from cash and check to electronic payments, accelerated by changes in consumer behavior due to the COVID-19 pandemic[59]. - The company faces risks from industry consolidation within its vertical markets, which may limit market opportunities and demand[121]. - Sales efforts to large enterprises involve long and unpredictable cycles, requiring significant time and expense[123]. - Failure to adapt to changes in consumer behavior and emerging payment methods could lead to a loss of revenue[117]. Compliance and Regulatory Environment - The Dodd-Frank Act has imposed regulations on debit interchange transaction fees, affecting the company's cost structure and operational flexibility[75]. - The company is subject to various federal and state data privacy and information security laws, requiring continuous monitoring and compliance efforts[78]. - The company may act as a Business Associate under HIPAA regulations, necessitating compliance with privacy and security rules regarding Protected Health Information[80]. - The company faces potential regulatory enforcement proceedings and monetary liabilities if it fails to comply with laws prohibiting unfair or deceptive acts[183]. - The regulatory environment for interchange fees has intensified, potentially impacting transaction volumes and pricing[171]. - The company may incur significant compliance costs as it expands into new jurisdictions, such as Canada[176]. - The company is exposed to risks associated with the regulatory environment affecting its clients, particularly in consumer lending[177]. - The company must maintain effective internal controls to provide reliable financial reports and prevent fraud, with potential material weaknesses identified[188]. Employee Engagement and Culture - The company employed approximately 465 full-time employees as of December 31, 2024[95]. - 82% of employees reported that the company is a great place to work in the 2024 engagement survey[97]. - The company has been certified as a Great Place to Work® for the last eight consecutive years[97]. - The company offers a comprehensive benefits package, including 100% coverage of employee healthcare premiums[101]. - The Employee Stock Purchase Plan (ESPP) allows employees to become shareholders at a discounted price[101]. - The company emphasizes a culture of rewards and recognition, providing multiple opportunities for performance-based awards[99]. - The company has a dedicated human resources team focused on attracting, developing, and retaining top talent[98]. - The company provides tuition assistance and reimbursement for certain pre-approved continuing education programs[101]. Financial Position and Debt Management - The company increased its senior secured credit facilities to a $250.0 million revolving credit facility as of July 10, 2024[191]. - On January 19, 2021, the company issued $440.0 million in aggregate principal amount of 0.00% convertible senior notes due 2026[191]. - On July 8, 2024, the company repurchased $220.0 million of the 2026 Notes and issued $287.5 million in aggregate principal amount of 2.875% convertible senior notes due 2029[191]. - The company’s ability to service its debt obligations depends on future performance, which is subject to various external factors[191]. - The conditional conversion feature of the 2026 and 2029 Notes may adversely affect the company's liquidity if triggered[198][199]. - Payments under the Tax Receivable Agreement may exceed actual tax benefits realized, potentially impairing the company's financial condition[211]. - The company may incur additional indebtedness to finance payments under the Tax Receivable Agreement if cash resources are insufficient[211]. Stockholder Rights and Governance - The company has anti-takeover provisions that could limit stockholders' ability to take certain actions and may depress the trading price of its Class A common stock[220]. - Certain stockholders holding 15% or more of the outstanding capital stock are prohibited from engaging in business combination transactions for a specified period unless conditions are met[221]. - The board of directors has the ability to issue preferred stock without stockholder approval, which could significantly dilute the ownership of a hostile acquirer[221]. - Stockholder action by written consent is prohibited, requiring actions to be taken at annual or special meetings, potentially delaying proposals[221]. - Special meetings of stockholders can only be called by the board of directors, chairman, or CEO, which may delay stockholder proposals[221]. - The board of directors can amend bylaws to prevent unsolicited takeovers, inhibiting acquirers from facilitating takeover attempts[221]. - Exclusive forum provisions designate Delaware courts for disputes, potentially limiting stockholders' choice of judicial forum[222]. - These exclusive-forum provisions may discourage lawsuits against the company or its directors, potentially impacting operational results[223].

Financial Performance - Q4 2024 revenue increased by 3% year-over-year to $78.3 million, with full year revenue growth of 6% to $313.0 million[2]. - Gross profit for Q4 2024 grew by 2% year-over-year to $59.7 million, with full year gross profit increasing by 6% to $241.4 million[2]. - Adjusted EBITDA for Q4 2024 rose by 9% year-over-year to $36.5 million, reflecting strong operational performance[2]. - Revenue for Q4 2024 was $78,271,000, representing a 3.9% increase from $75,987,000 in Q4 2023[26]. - Total revenue for the year 2024 reached $313,042,000, up 5.5% from $296,627,000 in 2023[26]. - Adjusted EBITDA for the full year 2024 was $140,810,000, compared to $126,806,000 in 2023, marking an increase of 11%[35]. - The company reported a net loss of $10,345,000 for the full year 2024, an improvement from a net loss of $117,420,000 in 2023[35]. - Adjusted Net Income for the full year 2024 was $87,818,000, up from $84,942,000 in 2023, an increase of 2.1%[35]. Cash Flow and Expenses - Free Cash Flow for Q4 2024 was $23.5 million, an 8% increase year-over-year, with Free Cash Flow Conversion at 64%[2]. - Adjusted Free Cash Flow Conversion improved from 42% in 2023 to 75% in 2024, showcasing enhanced cash flow efficiency[5]. - Net cash provided by operating activities for 2024 was $150,090,000, compared to $103,614,000 in 2023, marking a 44.8% increase[30]. - Free cash flow for the three months ended December 31, 2024, was $23,459,000, compared to $21,787,000 in 2023, reflecting an increase of 7.7%[36]. - Free cash flow conversion rate for the year ended December 31, 2024, was 75%, up from 42% in 2023[36]. - Total capital expenditures for the year ended December 31, 2024, were $44,853,000, a decrease from $50,816,000 in 2023, indicating a reduction of 11.7%[36]. Operating Performance - Operating expenses for Q4 2024 were $79,441,000, a significant decrease from $154,401,000 in Q4 2023, primarily due to the absence of impairment losses[26]. - Total operating expenses for the full year 2024 were $320,812,000, down from $408,040,000 in 2023, a decrease of 21.4%[35]. - Total depreciation and amortization for the year ended December 31, 2024, was $103,710,000, consistent with $103,857,000 in 2023[38]. Segment Performance - Consumer Payments segment revenue decreased by 7% year-over-year in Q4 2024, while Business Payments segment revenue increased by 76% year-over-year[14]. - The Company experienced a 60% year-over-year growth in Business Payments gross profit, driven by strong contributions from the political media vertical[12]. - Instant funding volumes increased by approximately 34% year-over-year, indicating strong demand for payment solutions[12]. Strategic Initiatives - The Company is undergoing a strategic review process to explore various alternatives, including potential M&A opportunities[6]. - The Board has not set a deadline for the strategic review process, which aims to enhance shareholder value[6]. Balance Sheet Highlights - Cash and cash equivalents increased to $189,530,000 as of December 31, 2024, up from $118,096,000 in 2023[28]. - Total assets as of December 31, 2024, were $1,571,908,000, compared to $1,519,833,000 in 2023, reflecting a growth of 3.4%[28]. - Long-term debt increased to $496,778,000 in 2024 from $434,166,000 in 2023, indicating a rise of 14.4%[28]. - The Company issued $287,500,000 in long-term debt during 2024, which contributed to its cash flow[30]. Shareholder Information - The weighted-average shares of Class A common stock outstanding were 88,392,571 for Q4 2024, down from 91,206,870 in Q4 2023[26]. - Weighted average shares of Class A common stock outstanding for the year ended December 31, 2024, were 89,915,137, down from 90,048,638 in 2023[41].

Exhibit 99.3 Investor Presentation November 2024 1 Disclaimer On July 11, 2019 (the "Closing Date"), Thunder Bridge Acquisition Ltd. ("Thunder Bridge") and Hawk Parent Holdings LLC ("Hawk Parent") completed a business combination (the "Business Combination") under which Thunder Bridge acquired Hawk Parent, upon which Thunder Bridge changed its name to Repay Holdings Corporation ("REPAY" or the "Company"). The Company's filings with the Securities and Exchange Commission ("SEC"), which you may obtain for fre ...

Financial Data and Key Metrics Changes - In Q3 2024, REPAY reported revenue of $79.1 million, a 6% increase year-over-year [22] - Gross profit grew by 9% year-over-year, with adjusted EBITDA increasing by approximately 10% [6][22] - Free cash flow conversion was 139%, with reported free cash flow of $48.8 million [6][23] Business Line Data and Key Metrics Changes - Consumer Payments segment gross profit grew by 2% in Q3 and 6% year-to-date [23] - Business Payments segment gross profit increased by 67% in Q3 and 33% year-to-date, driven by strength in core AP business and political media vertical [14][23] Market Data and Key Metrics Changes - The company added 13 new credit unions in Q3, bringing the total to 313 [9] - The Instant Funding product saw transaction volume increase by approximately 24% year-over-year [12] Company Strategy and Development Direction - The company is focused on three main strategic initiatives: go-to-market efficiency, client implementations, and product focus [7] - The company aims to leverage its 276 integrated software partners to enhance product offerings and sales pipelines [19] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer spending trends are normalizing, impacting growth in certain verticals [33] - The outlook for 2024 includes expected revenue between $314 million and $320 million, with adjusted EBITDA growth anticipated to outpace revenue growth [28][30] Other Important Information - The company completed a convertible notes offering and extended its revolving credit facility, maintaining a strong balance sheet with $419 million in total liquidity [20][25] - The company is open to strategic M&A opportunities while focusing on organic growth [66] Q&A Session Summary Question: Organic growth in consumer payments and headwinds faced - Management noted that consumer spending normalization and a client loss impacted organic growth, with expectations for mid to high single-digit growth in Q4 [33][34] Question: Business Payments growth and corporate spending patterns - Management highlighted strong growth in Business Payments, particularly from political media contributions, while acknowledging some softness in corporate spending [35] Question: Progress on mortgage debit service offerings - Management confirmed that processing for mortgage debit acceptance began in Q3, with expectations for multi-year growth starting in 2025 [38][39] Question: Framework for FY 2025 growth - Management indicated that while it's early to provide specifics, they are confident in their revenue model and are planning for growth opportunities [47][49] Question: Organic gross profit growth deceleration - Management attributed the deceleration to client loss, consumer spending softness, and implementation delays, quantifying the impact on growth [59] Question: Instant Funding growth drivers - Management noted that Instant Funding is primarily used for personal loans and represents about 20% of revenue in consumer payments, with significant monetization opportunities [61][63] Question: Current M&A strategy and valuation - Management stated that they are seeing increased activity in the M&A market and are focused on attractive valuations for embedded software and payments [64][66]

Core Viewpoint - Repay Holdings reported quarterly earnings of $0.23 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.21 per share a year ago [1] - The company also posted revenues of $79.15 million for the quarter, exceeding the Zacks Consensus Estimate by 0.58% and up from $74.32 million year-over-year [2] Earnings Performance - The earnings surprise for the previous quarter was 10%, with actual earnings of $0.22 per share compared to an expected $0.20 [1] - Over the last four quarters, Repay Holdings has surpassed consensus EPS estimates three times [1] Revenue Performance - The company has topped consensus revenue estimates four times over the last four quarters [2] - Current consensus EPS estimate for the upcoming quarter is $0.24 on revenues of $82.76 million, and for the current fiscal year, it is $0.92 on revenues of $317.8 million [7] Stock Performance - Repay Holdings shares have increased by approximately 5.4% since the beginning of the year, while the S&P 500 has gained 25.8% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6] Industry Outlook - The Financial Transaction Services industry is currently ranked in the bottom 47% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that tracking these revisions can be beneficial for investors [5]

Financial Performance - Total revenue for the three months ended September 30, 2024, was $79,145,000, an increase of 6.3% compared to $74,320,000 for the same period in 2023[7]. - Net income attributable to the Company for the three months ended September 30, 2024, was $3,243,000, compared to a net loss of $6,168,000 for the same period in 2023[7]. - Operating expenses for the three months ended September 30, 2024, totaled $79,820,000, slightly up from $79,439,000 for the same period in 2023[7]. - The Company reported a basic income per share of $0.04 for the three months ended September 30, 2024, compared to a loss of $0.07 for the same period in 2023[6]. - The Company experienced a loss from operations of $675,000 for the three months ended September 30, 2024, compared to a loss of $5,119,000 for the same period in 2023[7]. - Net income for the three months ended September 30, 2024, was $3.2 million, compared to a net loss of $6.5 million for the same period in 2023[110]. - Adjusted Net Income for the three months ended September 30, 2024, was $21,245,000, compared to $19,896,000 in 2023, reflecting a 6.8% increase[148]. - Adjusted EBITDA for the three months ended September 30, 2024, was $35.1 million, a 10.2% year-over-year increase from $31.9 million in 2023[154]. Revenue Segmentation - Consumer Payments revenue for the nine months ended September 30, 2024, was $214,617, compared to $204,622 in 2023, indicating an increase of 4.9%[29]. - Business Payments revenue for the nine months ended September 30, 2024, was $35,566, up from $28,170 in 2023, showing a significant growth of 26.2%[30]. - The Consumer Payments segment generated approximately 81% of total revenue for the three months ended September 30, 2024, compared to 87% for the same period in 2023[89]. - The Business Payments segment contributed approximately 19% of total revenue for the three months ended September 30, 2024, up from 13% in the same period in 2023[91]. - Business Payments segment revenue surged by $5.6 million or 57.6% year-over-year to $15.3 million for the three months ended September 30, 2024[131]. Assets and Liabilities - Total current assets increased to $224,769,000 as of September 30, 2024, from $169,322,000 as of December 31, 2023, representing a growth of 32.7%[5]. - Total liabilities rose to $794,569,000 as of September 30, 2024, compared to $689,045,000 as of December 31, 2023, indicating an increase of 15.3%[5]. - Long-term debt increased to $496,214,000 as of September 30, 2024, from $434,166,000 as of December 31, 2023, reflecting a rise of 14.3%[5]. - Total equity decreased to $769,699,000 as of September 30, 2024, from $830,788,000 as of December 31, 2023, a decline of 7.3%[5]. - Total assets as of September 30, 2024, were $217,755,000, with cash and cash equivalents amounting to $168,715,000[38]. Cash Flow and Investments - Net cash provided by operating activities for the nine months ended September 30, 2024, was $115,838, compared to $68,751 for the same period in 2023, representing an increase of 68.4%[15]. - Cash, cash equivalents, and restricted cash at the end of the period increased to $215,255 from $141,390, marking a rise of 52.2%[15]. - Net cash used in investing activities was $34.1 million for the nine months ended September 30, 2024, primarily due to software development capitalization[165]. - The Company expects cash flow from operations and available borrowing capacity to be sufficient to fund operations and capital expenditures for the next twelve months[160]. Debt and Financing - The company issued long-term debt amounting to $287,500 during the nine months ended September 30, 2024[15]. - The Company repurchased $220.0 million of the 2026 Notes at a discount, resulting in a gain of $13.1 million for the three and nine months ended September 30, 2024[55]. - As of September 30, 2024, the Company had convertible senior notes outstanding of $496.2 million, net of deferred issuance costs[175]. - The company increased its senior secured credit facilities to a $250.0 million revolving credit facility on July 10, 2024[191]. Expenses - Selling, general and administrative expenses rose by $1.4 million or 4.0% to $36.7 million for the three months ended September 30, 2024, primarily due to increased legal and equity compensation expenses[112]. - Total operating expenses for the nine months ended September 30, 2024, were $241,371,000, down from $253,589,000 in 2023, a decrease of 4.8%[150]. - Stock-based compensation for the quarter was $5,686,000, showing an increase from $5,684,000 in the previous quarter[10]. Taxation - The effective tax rate for the three months ended September 30, 2024, was (18.2)%, compared to 24% for the same period in 2023, indicating a significant decrease[79]. - The Company recorded an income tax expense of $1.5 million for the three months ended September 30, 2024, and an income tax benefit of $0.1 million for the nine months ended September 30, 2024[79]. Strategic Initiatives - The company plans to continue its market expansion and product development initiatives in the upcoming quarters[12]. - The company is actively pursuing strategic acquisitions to enhance its market position and product offerings[12]. Shareholder Information - The Company repurchased 158,496 shares for approximately $1.3 million during the three months ended September 30, 2024, with $36.2 million remaining under the Share Repurchase Program[162]. - The number of Class A shares outstanding increased to 90,936,507 as of September 30, 2023, from 90,294,728 as of June 30, 2023[10].