BTRS Holdings Inc. (BTRS) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1009 LENOX DRIVE LAWRENCEVILLE, NJ 08648 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7371 - Computer Programming Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 232,789 | 1,017 | 1,606 | |||
| Cash and cash equivalent | 187,672 | 1,017 | 1,606 | |||
| Short-term investments | 45,117 | |||||
| Receivables | 34,394 | |||||
| Inventory, net of allowances, customer advances and progress billings | 800 | |||||
| Inventory | 800 | |||||
| Prepaid expense | 3,715 | 258 | 145 | |||
| Capitalized contract cost | 5,060 | |||||
| Other current assets | 1,164 | |||||
| Other undisclosed current assets | 21,741 | |||||
| Total current assets: | 299,663 | 1,275 | 1,751 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 28,623 | |||||
| Property, plant and equipment | 32,096 | |||||
| Intangible assets, net (including goodwill) | 112,487 | |||||
| Goodwill | 88,148 | |||||
| Intangible assets, net (excluding goodwill) | 24,339 | |||||
| Capitalized contract cost, net | 9,238 | |||||
| Asset, held-in-trust | 252,293 | 251,866 | ||||
| Other noncurrent assets | 5,122 | |||||
| Other undisclosed noncurrent assets | (16,580) | |||||
| Total noncurrent assets: | 170,986 | 252,293 | 251,866 | |||
| TOTAL ASSETS: | 470,649 | 253,568 | 253,617 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 49,231 | 4,771 | 367 | |||
| Accounts payable | 2,968 | |||||
| Accrued liabilities | 46,263 | 367 | ||||
| Other undisclosed accounts payable and accrued liabilities | 4,771 | |||||
| Deferred revenue | 16,890 | |||||
| Debt | 163 | |||||
| Other undisclosed current liabilities | 22,541 | |||||
| Total current liabilities: | 88,825 | 4,771 | 367 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation, including: | 150 | |||||
| Finance lease, liability | 150 | |||||
| Other undisclosed long-term debt and lease obligation | (32,461) | |||||
| Liabilities, other than long-term debt | 29,498 | |||||
| Deferred revenue | 22,352 | |||||
| Deferred income tax liabilities | 4,338 | |||||
| Other liabilities | 2,808 | |||||
| Operating lease, liability | 32,461 | |||||
| Other undisclosed noncurrent liabilities | 42,542 | 7,970 | ||||
| Total noncurrent liabilities: | 72,190 | 7,970 | ||||
| Other undisclosed liabilities | 7,970 | |||||
| Total liabilities: | 161,015 | 12,741 | 8,337 | |||
| Temporary equity, including noncontrolling interest | 240,280 | |||||
| Equity | ||||||
| Equity, attributable to parent, including: | 309,634 | 5,000 | 5,000 | |||
| Additional paid in capital | 516,987 | 8,049 | 3,596 | |||
| Accumulated other comprehensive loss | (1,292) | |||||
| Retained earnings (accumulated deficit) | (206,077) | (3,049) | 1,403 | |||
| Other undisclosed equity, attributable to parent | 16 | 1 | 1 | |||
| Other undisclosed equity | 235,827 | |||||
| Total equity: | 309,634 | 240,827 | 5,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 470,649 | 253,568 | 253,617 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|
| Revenues | 166,405 | ||||
| Cost of revenue | (71,874) | ||||
| Cost of product and service sold | (37,043) | ||||
| Gross profit: | 94,531 | ||||
| Operating expenses | (143,549) | (5,360) | |||
| Operating loss: | (49,018) | (5,360) | |||
| Nonoperating income (expense) | (12,295) | 909 | |||
| Investment income, nonoperating | 440 | 909 | |||
| Other nonoperating expense | (9,783) | ||||
| Interest and debt expense | (2,952) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (64,265) | (4,450) | |||
| Other undisclosed income from continuing operations before income taxes | 2,952 | ||||
| Loss from continuing operations before income taxes: | (61,313) | (4,450) | |||
| Income tax expense (benefit) | 113 | (3) | |||
| Loss from continuing operations: | (61,200) | (4,453) | |||
| Loss before gain (loss) on sale of properties: | ✕ | (61,200) | (4,453) | ||
| Net loss available to common stockholders, diluted: | (61,200) | (4,453) | |||
Comprehensive Income ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|
| Net loss: | (61,200) | (4,453) | |||
| Comprehensive loss: | (61,200) | (4,453) | |||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (1,292) | ||||
| Comprehensive loss, net of tax, attributable to parent: | (62,492) | (4,453) | |||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.