← Ambow Education Holding Ltd.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net loss from disposal of fixed assets | — | — | — | — | — | — | — | $19k | — | $44k | — | |
| Net Income (Loss) Attributable to Parent | ($5.1m) |
$7.1m
+238.94%
|
$6.5m
-8.39%
|
($14.4m)
-319.38%
|
($9.6m)
+33.04%
|
$470k
+104.89%
|
$90.8m
+19214.26%
|
$140.8m
+55.13%
|
$206.8m
+46.83%
|
$1.4m
-99.34%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($3.9m) |
$6.7m
+274.45%
|
$38.6m
+474.55%
|
$53.8m
+39.45%
|
$64.5m
+19.75%
|
$70.8m
+9.87%
|
($14.1m)
-119.87%
|
($3.2m)
+77.44%
|
$309k
+109.73%
|
$1.4m
+339.81%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($5.3m) | $7.1m | $6.5m | ($14.4m) | ($9.8m) | $313k | ($14.3m) | ($3.2m) | $309k | $1.4m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($7k) | ($70k) | ($194k) | ($157k) | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $3.6m | $3.5m | $3.8m | $3.9m | $4.8m | $2.8m | $226k | $18k | $16k | $77k | $865k | |
| Amortization | — | — | — | — | — | — | — | $31k | $90k | $38k | $50k | |
| Amortization of Intangible Assets | $6.8m | $4.8m | $4.7m | $6.0m | $5.6m | $1.6m | $36k | $15k | $10k | $50k | — | |
| Depreciation | $17.6m | $17.1m | $20.0m | $18.5m | $24.5m | $15.0m | $1.4m | $3k | $6k | $27k | $815k | |
| Amortization of operating lease right-of-use asset | — | — | — | $30.6m | $36.7m | $35.6m | $24.3m | $2.1m | $2.2m | $9.5m | — | |
| Depreciation and amortization expense | $13.9m | $21.0m | $30.2m | $34.6m | $37.9m | $43.0m | $50.2m | $60.9m | $76.4m | $99.6m | $865k | |
| 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 | — | — | — | |
| Amortization of right-of-use assets | — | — | — | $17.9m | $15.7m | $11.7m | $11.7m | $24.6m | — | — | — | |
| Deferred Income Tax Expense (Benefit) | $1.0m | $152k | ($21.9m) | $964k | ($744k) | $1.7m | ($7.2m) | $13.5m | $27.8m | ($3.2m) | $0 | |
| Deferred income taxes | — | — | — | — | — | — | — | — | $801k | ($1.5m) | $0 | |
| Share-based Payment Arrangement, Noncash Expense | $1.1m | $713k | $1.2m | $233k | $145k | $139k | $1.1m | — | — | $154k | $154k | |
| Share-based compensation expense | $7.8m | $4.6m | $8.1m | $1.6m | $947k | $883k | $7.5m | $0 | $146.0m | $142.8m | $154k | |
| Goodwill, Impairment Loss | $19.7m | — | — | $33.7m | $35.3m | — | — | — | — | — | $0 | |
| Impairment of Intangible Assets, Finite-lived | $3.2m | $0 | $0 | $5.6m | $5.6m | $1.7m | $657k | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | $4.4m | $5.6m | $513k | $0 | $0 | — | — | — | |
| Impairment loss | $22.4m | $0 | $0 | $38.8m | $36.7m | $10.5m | $4.5m | — | — | — | — | |
| Income (Loss) from Equity Method Investments | ($1k) | ($2k) | ($132k) | ($74k) | ($24k) | ($264k) | — | — | — | — | — | |
| Nonoperating Income (Expense) | $1.9m | $8.2m | $4.8m | $1.5m | $9.4m | $5.7m | $236k | $1.1m | $192k | $1.3m | — | |
| Other Nonoperating Income (Expense) | $370k | $254k | $210k | $57k | ($191k) | $260k | $500k | ($199k) | $255k | ($342k) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $331k | $1.6m | ($256k) | $435k | $593k | $2.0m | $415k | $1.4m | $171k | ($89k) | $89k | |
| Accounts receivable | ($2.3m) | ($10.3m) | $1.8m | ($3.0m) | ($3.9m) | ($12.7m) | ($2.9m) | ($1.4m) | ($171k) | ($3.6m) | $89k | |
| Repayments on loan receivables from third parties | — | — | — | — | — | $44.8m | $2.6m | $1.1m | $4.2m | $2.9m | — | |
| Repayments on loan receivables from related parties | — | — | — | — | — | — | $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 | — | — | — | — | |
| Accounts receivable and other receivables | — | — | — | — | — | — | — | ($8.5m) | ($8.2m) | $3.0m | $89k | |
| Increase (Decrease) in Inventories | — | — | — | — | — | — | — | — | — | $80k | ($80k) | |
| Provision for inventories obsolescence/(reversal) | — | — | — | $527k | $273k | ($8k) | $311k | $35k | ($223k) | $154k | — | |
| Inventories | — | — | — | $14.5m | $15.5m | ($38.8m) | ($23.2m) | $30.6m | $26.5m | $15.1m | ($80k) | |
| Increase (Decrease) in Accounts Payable | ($238k) | $660k | ($1.1m) | — | — | — | — | — | — | $98k | $98k | |
| Accounts payable | ($1.7m) | $4.3m | ($7.9m) | $1.1m | $4.9m | $13.5m | ($1.6m) | ($1.0m) | ($637k) | $7.3m | $98k | |
| Accounts payable & accrued liabilities | — | — | — | — | — | — | — | $2.5m | ($668k) | $2.1m | $98k | |
| Accrued and other liabilities | $2.6m | ($38.1m) | ($29.4m) | ($38.3m) | $19.8m | $31.4m | $5.9m | ($2.3m) | ($439k) | — | — | |
| Deferred revenue | ($6.4m) | $3.4m | $9.7m | $13.1m | ($5.4m) | $23.2m | ($5.4m) | ($2.5m) | ($2.9m) | $189k | — | |
| 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 | ($987k) | |
| Accrued liabilities and other current liabilities | — | — | — | $916k | $574k | $667k | $2.0m | $2.7m | ($4.8m) | ($4.3m) | ($987k) | |
| Prepaid and other current assets | $510k | $20.1m | ($6.8m) | $6.7m | $12.5m | ($30.1m) | $5.4m | $6.0m | ($62k) | ($26.6m) | — | |
| Other | — | — | — | $454k | $395k | $632k | $503k | $1.7m | ($962k) | $1.0m | — | |
| Other current assets | — | — | — | — | — | — | — | ($1.4m) | $12k | $626k | $327k | |
| Net Cash Provided by (Used in) Operating Activities | $2.5m |
$3.1m
+23.06%
|
$3.7m
+19.09%
|
($1.5m)
-139.69%
|
$738k
+150.27%
|
($2.5m)
-438.75%
|
($24.8m)
-893.72%
|
$0
+100.00%
|
$0 | $137k |
$137k
0.00%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $10.2m | $0 | $0 | ($8.7m) | ($2.9m) | ($8.5m) | ($18.1m) | ($21.9m) | $1.2m | $600k | ($987k) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($77k) | ($14k) | ($15k) | ($176k) | ($73k) | ($100k) | ($104k) | ($267k) | $46k | ($463k) | $267k | |
| Cash, Cash Equivalents, and Short-term Investments | $28.7m | $197.7m | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Investments | $624k | $1.3m | $154k | $172k | $533k | $378k | — | — | — | — | — | |
| 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) | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $128k | $0 | — | ($5.8m) | — | — | — | — | — | — | |
| Acquisitions of businesses, net of cash acquired | — | — | ($6.7m) | — | ($16.7m) | ($15.0m) | ($107.6m) | $0 | ($12.0m) | ($277.9m) | — | |
| Liabilities assumed for acquisitions | — | — | — | — | $674k | $281k | $4.6m | $117k | $378k | $55.7m | — | |
| 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) | — | |
| Other investing activities | — | — | — | — | $0 | $0 | ($2.5m) | ($1.1m) | ($1.1m) | ($1.3m) | — | |
| Net cash used in investing activities, continuing operations | ($673.4m) | — | — | — | $24.3m | $204k | $0 | $0 | ($2.0m) | — | ($987k) | |
| Net cash used in by investing activities, discontinued operations | — | — | — | — | ($122.8m) | $107.0m | ($134.4m) | $0 | $0 | — | — | |
| Net cash generated from investing activities | — | — | — | ($22.6m) | ($75.1m) | ($184.4m) | $21.1m | $46.5m | $47.8m | $24.6m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($9.4m) | ($9.4m) | ($4.1m) | ($4.8m) | ($15.1m) | $16.8m | ($479.8m) | ($220.2m) | ($101.9m) | ($987k) | ($987k) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $0 | — | — | — | — | $1.5m | — | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | $6.0m | $0 | — | $1.5m | — | — | — | — | — | $0 | |
| Bad debt provision | $1.7m | $5.1m | $5.6m | $6.0m | $8.9m | $7.8m | $1.1m | $389k | ($90k) | $1.4m | — | |
| Proceeds from short-term borrowing | — | — | — | — | $10.0m | $10.0m | $20.8m | $2.4m | $1.2m | — | — | |
| Repayments of short-term borrowing | ($2.3m) | $0 | $0 | ($41.2m) | — | ($10.0m) | — | ($1.5m) | ($2.4m) | — | — | |
| Borrowings under credit facility | — | — | — | — | $100.0m | $0 | $50.0m | $0 | $0 | $325.0m | — | |
| Payment of debt issuance costs | — | — | — | — | ($701k) | ($64k) | ($87k) | ($885k) | ($952k) | — | — | |
| Interest expense of other debts | — | — | — | $17.1m | $53.9m | $21.6m | $17.1m | $9.7m | $5.1m | $6.0m | — | |
| Loss on disposal of other debts | — | — | — | — | ($10.1m) | ($6.8m) | — | — | $1.4m | $1.2m | — | |
| 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 Issuance of Common Stock | — | — | $6.6m | — | $5.5m | — | — | — | — | — | $0 | |
| Deemed dividend to preferred shareholders | — | — | — | ($723k) | ($1.1m) | ($12.5m) | — | — | — | — | — | |
| Other financing activities | — | — | — | — | — | — | ($87k) | ($885k) | ($72k) | ($408k) | — | |
| Net cash provided by (used in) financing activities, continuing operations | $645.6m | — | — | — | $40.5m |
($531k)
-101.31%
|
$20.8m
+4015.44%
|
$2.8m
-86.52%
|
($1.2m)
-144.20%
|
— | $500k | |
| Net cash provided by financing activities, discontinued operations | — | — | — | — | $14.7m |
$6.4m
-56.54%
|
$14.1m
+120.91%
|
$0
-100.00%
|
$0 | — | $500k | |
| Net cash flows (used in) /generated from financing activities | — | — | — | $199.3m |
$295.0m
+48.02%
|
$648.5m
+119.80%
|
$2.0m
-99.69%
|
($76.7m)
-3942.41%
|
($33.1m)
+56.78%
|
$8.2m
+124.60%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | ($216k) |
$6.0m
+2889.81%
|
$6.8m
+13.13%
|
($5.8m)
-185.59%
|
$8.5m
+244.92%
|
$916k
-89.17%
|
$2.2b
+237049.89%
|
($1.4b)
-166.05%
|
$141.6m
+109.87%
|
$500k
-99.65%
|
$500k
0.00%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $6.4m | ($12.1m) | ($5.8m) | $6.2m | ($23.8m) | $2.4m | ($1.6m) | ($350k) | $6.9m | |
| Cash, cash equivalents and restricted cash at beginning of year | $248.4m | $197.7m | $35.1m | $157.6m | $119.6m | $159.2m | $52.9m | $10.1m | $8.4m | $2.8b | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $30.4m | $35.1m | $22.6m | $18.3m | $25.0m | $7.7m | $10.1m | $8.4m | $8.1m | $6.9m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $11k | $11k | $88k | $32k | — | — | — | — | $0 | |
| Effects of exchange rate changes on cash, cash equivalents and restricted cash | $84k | $66k | $58k | $75k | $574k | $206k | ($692k) | ($128k) | ($6.4m) | $20k | — | |
| Net change in cash, cash equivalents and restricted cash | ($49.1m) | ($1.6m) | $43.9m | ($83.9m) | ($38.0m) | $39.6m | ($164.0m) | $2.4m | ($1.6m) | ($363.1m) | — | |
| Cash, cash equivalents and restricted cash at end of year from continuing operations | — | — | — | — | $46.1m | $26.8m | $52.9m | $10.1m | $8.4m | — | — | |
| Net decrease in cash, cash equivalents and restricted cash | — | — | — | ($29.5m) | $54.1m | $216.6m | ($124.4m) | ($84.2m) | ($10.7m) | ($34.1m) | — | |
| Restricted cash – non-current | — | — | — | — | — | — | — | — | $2.1m | $4.4m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $17k | $0 | $0 | — | $21k | $50k | $1k | $164k | $171k | $168k | — | |
| Additional Financial Items | ||||||||||||
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $0 | $5.9m | $0 | — | $115k | $1.9m | $1.1m | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $12k | ($80k) | $54k | $3k | $150k | $35k | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | $1.4m | — | $1.5m | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | $756k | $0 | — | $1.5m | — | |
| General and Administrative Expense | $21.0m | $21.9m | $19.3m | $27.9m | $26.7m | $26.7m | $7.3m | $5.3m | $4.3m | $3.4m | — | |
| Goodwill | $9.8m | $11.2m | $10.6m | $8.7m | $3.9m | $3.4m | — | — | — | — | $0 | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | ($9.3m) | ($3.2m) | $309k | $1.4m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($5.3m) | $7.1m | — | — | — | — | ($9.3m) | ($3.2m) | $309k | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | $0 | — | — | — | — | ($5.1m) | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | ($4.8m) | — | — | — | — | |
| Income Tax Expense (Benefit) | $851k | $1.5m | $509k | $1.9m | $163k | ($9.3m) | — | $14k | ($839k) | $6k | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $63k | ($103k) | — | |
| Operating Expenses | $31.3m | $28.5m | $25.9m | $42.0m | $41.2m | $39.3m | $9.4m | $6.8m | $5.7m | $5.1m | — | |
| Operating Lease, Expense | — | — | — | $49.1m | $58.7m | $48.1m | $30.0m | $2.3m | — | — | — | |
| Proceeds from Noncontrolling Interests | $115k | $0 | $214k | $80k | — | $16k | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | — | — | — | — | — | $9.5m | — | |
| Net (loss) income from continuing operations | — | — | — | — | — | — | ($9.3m) | ($3.2m) | $309k | — | — | |
| Lease termination and modification gain | — | — | — | — | $0 | $0 | ($5.2m) | $0 | — | — | — | |
| Loss on disposal of subsidiaries | — | — | — | — | — | — | $1.1m | ($3.6m) | ($49k) | — | — | |
| Other non-current assets | ($189k) | ($5.8m) | ($3.2m) | ($13.5m) | ($150k) | $418k | $5.0m | $39k | $1.7m | $1.3m | — | |
| Income tax payable | $3.5m | $10.8m | $5.2m | $5.8m | $2.2m | ($71.8m) | — | ($18k) | ($498k) | ($58k) | — | |
| Operating lease liabilities | — | — | — | $12.4m | ($21.9m) | ($34.8m) | ($16.5m) | ($1.2m) | ($691k) | ($10.1m) | — | |
| Purchase of other non-current assets | ($1.0m) | ($640k) | ($1.6m) | ($54.1m) | ($16.7m) | — | — | — | ($810k) | — | — | |
| Proceeds from issuance of ordinary shares and warrants to purchase ordinary shares, net off expenses | $0 | $0 | $45.4m | — | $35.6m | $16k | $262.9m | $1.9m | $35.9m | $14.5m | — | |
| income tax paid | ($1.4m) | ($932k) | ($597k) | ($449k) | ($2.7m) | ($1.3m) | ($69.8m) | ($27k) | ($5k) | ($60.0m) | $18k | |
| Derecognition of assets other than cash of disposed subsidiaries/deregistered subsidiaries | $0 | $25.2m | $1.6m | $81k | $980k | $34.9m | $427k | — | — | — | — | |
| Derecognition of liabilities of disposed subsidiaries/deregistered subsidiaries, net of recognized amount due to the disposed subsidiaries/deregistered subsidiaries | $0 | $67.6m | $5.7m | $958k | $11.6m | $52.4m | $594k | — | — | — | — | |
| Operating lease right-of-use assets obtained in exchange for new operating lease liabilities | — | — | — | $150.6m | $96.1m | $17.1m | $21.0m | $129k | $4.5m | $3.6m | — | |
| Deferred contract costs | — | — | — | ($35.0m) | ($54.9m) | ($56.9m) | ($73.3m) | ($80.8m) | ($70.3m) | ($62.9m) | — | |
| Prepaid expenses and other | ($3.3m) | ($2.1m) | ($2.1m) | $389k | ($196k) | ($4.0m) | ($14.8m) | ($4.0m) | ($5.8m) | ($7.8m) | — | |
| 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 | — | |
| Cash and cash equivalents | $81.3m | $103.5m | $137.2m | $132.5m | $250.9m | $202.3m | $139.8m | $288.8m | $401.8m | $398.1m | $7.4m | |
| 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 | — | |
| Proceeds from exercise of stock options | $137k | $34k | — | $85k | $0 | $146k | $0 | $0 | $29k | — | — | |
| 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 change in funds held for clients' cash and cash equivalents | ($648.4m) | $297.2m | ($158.4m) | — | — | — | — | — | — | — | — | |
| Acquisition of business, net of cash acquired | ($483k) | — | ($8.3m) | — | — | — | — | — | — | — | — | |
| Net Change in Cash and Cash Equivalents | $5.2m | $17.0m | $33.7m | — | — | — | — | — | — | — | — | |
| Proceeds from initial public offering, net of issuance costs | — | — | — | — | — | $393.7m | — | — | $7.5m | — | — | |
| Capital contribution | — | — | — | — | — | — | — | $473k | $969k | — | — | |
| Proceeds from issuance of Redeemable Convertible Preferred Series B Shares | — | — | — | $68.1m | $41.2m | $354.8m | — | — | — | — | — | |
| Interest receivable for issuance of ordinary shares | — | — | — | — | — | ($15.4m) | ($14.2m) | ($6.1m) | — | — | — | |
| 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 | — | |
| Fair value change of derivative liabilities | — | — | — | $2.3m | ($13.3m) | ($11.4m) | ($2.8m) | $2.3m | $1.0m | ($5.7m) | — | |
| Amounts due from related parties | — | — | — | $13.3m | ($1.9m) | ($2.7m) | $490k | ($3.8m) | $2.4m | ($13.3m) | — | |
| Salary and welfare payable | — | — | — | ($1.5m) | $355k | $2.5m | $293k | $6k | ($3.9m) | ($1.1m) | — | |
| 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) | — | |
| Purchase of intangible assets | — | — | — | ($34k) | ($2k) | — | ($24k) | ($50k) | ($36k) | ($9k) | — | |
| Accretion on redeemable non-controlling interests | — | — | — | — | — | ($138k) | ($575k) | ($675k) | ($766k) | ($841k) | — | |
| 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 | — | $50k | $245k | — | — | — | — | |
| 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 | — | — | — | — | — | — | |
| Current estimated credit loss | — | — | — | — | — | — | — | $579k | $95k | $276k | — | |
| Interest income | — | — | — | — | — | — | — | — | ($109k) | ($145k) | — | |
| Loan disbursement amounts | — | — | — | — | — | — | — | ($2.4m) | ($4.8m) | ($1.0m) | — | |
| Proceeds from loan repayments | — | — | — | — | — | — | — | — | $2.5m | $2.0m | — | |
| Proceeds (lend to) from related parties | — | — | — | — | — | — | — | ($2.5m) | $511k | ($350k) | — | |
| Repayments of finance lease liabilities | — | — | — | — | — | — | — | ($208k) | ($164k) | ($360k) | — | |
| Right-of-use assets acquired in exchange for operating lease liabilities | — | — | — | — | — | — | — | — | $81.9m | $27.9m | — | |
| Right-of-use assets acquired in exchange for finance lease liabilities | — | — | — | — | — | — | — | $110k | — | $819k | — | |
| IPO expenses paid by stockholders | — | — | — | — | — | — | — | $350k | $300k | — | — | |
| Accretion of finance lease liabilities | — | — | — | — | — | — | — | $60k | $48k | — | — | |
| Contract liabilities | — | — | — | — | — | — | — | $424k | ($148k) | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.