Paysafe Limited (PSFE) 6-K 13 Nov 24 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	Nov. 13, 2024
Document Information [Line Items]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Nov. 13, 2024
Entity Registrant Name	PAYSAFE LIMITED
Entity Central Index Key	0001833835
Current Fiscal Year End Date	--12-31
Entity File Number	001-40302
Entity Address, Address Line One	2 Gresham Street
Entity Address, City or Town	London
Entity Address, Country	GB
Contact Personnel Name	Paysafe Limited
Entity Address, Postal Zip Code	EC2V 7AD

Condensed Consolidated Statemen

Condensed Consolidated Statement of Comprehensive (Loss) /Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Revenue	$ 427,103	$ 396,410	$ 1,284,765	$ 1,186,597
Cost of services (excluding depreciation and amortization)	178,099	164,077	532,297	489,630
Selling, general and administrative	143,907	121,195	438,774	383,106
Depreciation and amortization	70,088	67,074	207,028	197,046
Impairment expense on goodwill and intangible assets	119	0	795	275
Restructuring and other costs	340	835	1,520	4,165
Loss on disposal of subsidiaries and other assets, net	187	0	508	0
Operating income	34,363	43,229	103,843	112,375
Other (expense) / income, net	(14,742)	9,661	2,010	19,584
Interest expense, net	(35,546)	(38,421)	(107,646)	(112,639)
(Loss) / income before taxes	(15,925)	14,469	(1,793)	19,320
Income tax (benefit) / expense	(2,948)	17,018	9,558	27,442
Net loss	$ (12,977)	$ (2,549)	$ (11,351)	$ (8,122)
Net loss per share - basic	$ (0.21)	$ (0.04)	$ (0.19)	$ (0.13)
Net loss per share - diluted	$ (0.21)	$ (0.04)	$ (0.19)	$ (0.13)
Net loss	$ (12,977)	$ (2,549)	$ (11,351)	$ (8,122)
Gain / (loss) on foreign currency translation	18,108	(8,853)	4,441	1,525
Total comprehensive (loss) / income	$ 5,131	$ (11,402)	$ (6,910)	$ (6,597)

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Financial Position (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 241,381	$ 202,322
Customer accounts and other restricted cash	1,052,698	1,295,947
Accounts receivable, net of allowance for credit losses of $6,673 and $5,240, respectively	180,298	162,081
Settlement receivables, net of allowance for credit losses of $4,661 and $5,197, respectively	157,828	171,224
Prepaid expenses and other current assets	65,971	74,919
Total current assets	1,698,176	1,906,493
Deferred tax assets	77,273	77,273
Property, plant and equipment, net	22,567	17,213
Operating lease right-of-use assets	38,251	22,120
Derivative financial assets	4,794	10,427
Intangible assets, net	1,038,937	1,163,935
Goodwill	2,029,948	2,023,402
Other assets – non-current	11,900	6,838
Total assets	4,921,846	5,227,701
Current liabilities
Accounts payable and other liabilities	205,386	202,699
Short-term debt	10,190	10,190
Funds payable and amounts due to customers	1,252,369	1,477,017
Operating lease liabilities – current	7,592	8,233
Contingent consideration payable - current	9,884	11,828
Liability for share-based compensation – current	6,494	2,701
Total current liabilities	1,491,915	1,712,668
Non-current debt	2,421,228	2,491,643
Operating lease liabilities - non-current	34,725	16,963
Deferred tax liabilities	92,590	111,705
Warrant liabilities	1,342	1,423
Derivative financial liabilities non-current	377	0
Liability for share-based compensation – non-current	2,320	3,108
Contingent consideration payable - non-current	325	6,878
Total non-current liabilities	2,552,907	2,631,720
Total liabilities	4,044,822	4,344,388
Commitments and contingent liabilities
Shareholder’s equity
Common shares - $0.012 par value; 1,600,000,000 shares authorized; 62,448,787 shares issued and 60,772,972 outstanding as of September 30, 2024 and 61,719,443 shares issued and outstanding as of December 31, 2023	750	741
Additional paid in capital	3,191,624	3,166,012
Accumulated deficit	(2,271,045)	(2,259,694)
Treasury shares - at cost; 1,675,815 shares as of September 30, 2024 and 0 shares as of December 31, 2023	(25,000)	0
Accumulated other comprehensive loss	(19,305)	(23,746)
Total shareholder's equity	877,024	883,313
Total liabilities and shareholder’s equity	$ 4,921,846	$ 5,227,701

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Financial Position (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accounts Receivable, Allowance for Credit Loss, Current	$ 6,673	$ 5,240
Settlement Receivable, Allowance for Credit Loss, Current	$ 4,661	$ 5,197
Ordinary shares, Par or Stated Value Per Share	$ 0.012	$ 0.012
Common Stock, Shares Authorized	1,600,000,000	1,600,000,000
Common Stock, Shares, Issued	62,448,787	61,719,443
Common Stock, Shares, Outstanding	60,772,972	61,719,443
Treasury stock share issue	1,675,815	0

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common shares	Additional paid in capital	Accumulated deficit	Treasury shares [Member]	Accumulated other comprehensive loss
Beginning balance at Dec. 31, 2022	$ 859,637	$ 730	$ 3,136,426	$ (2,239,443)		$ (38,076)
Net loss / (income)	(3,808)			(3,808)
Gain (loss) on foreign currency translation, net of tax of $0	2,174					2,174
Restricted stock units issued		6	(6)
Shared based compensation	2,925		2,925
Conversion of liability classified award to equity	6,276		6,276
Capital contribution	3,707		3,707
Ending balance at Mar. 31, 2023	870,911	736	3,149,328	(2,243,251)		(35,902)
Beginning balance at Dec. 31, 2022	859,637	730	3,136,426	(2,239,443)		(38,076)
Net loss / (income)	(8,122)
Gain (loss) on foreign currency translation, net of tax of $0	1,525
Ending balance at Sep. 30, 2023	877,907	740	3,161,283	(2,247,565)		(36,551)
Beginning balance at Mar. 31, 2023	870,911	736	3,149,328	(2,243,251)		(35,902)
Net loss / (income)	(1,765)			(1,765)
Gain (loss) on foreign currency translation, net of tax of $0	8,204					8,204
Restricted stock units issued		4	(4)
Shared based compensation	6,814		6,814
Ending balance at Jun. 30, 2023	884,164	740	3,156,138	(2,245,016)		(27,698)
Net loss / (income)	(2,549)			(2,549)
Gain (loss) on foreign currency translation, net of tax of $0	(8,853)					(8,853)
Shares issued upon warrants exercised	5		5
Restricted stock units issued		0	0
Shared based compensation	5,140		5,140
Ending balance at Sep. 30, 2023	877,907	740	3,161,283	(2,247,565)		(36,551)
Beginning balance at Dec. 31, 2023	883,313	741	3,166,012	(2,259,694)	$ 0	(23,746)
Net loss / (income)	3,056			3,056
Gain (loss) on foreign currency translation, net of tax of $0	(7,612)					(7,612)
Restricted stock units issued		1	(1)
Shared based compensation	9,149		9,149
Common shares repurchased	(14,000)				(14,000)
Ending balance at Mar. 31, 2024	873,906	742	3,175,160	(2,256,638)	(14,000)	(31,358)
Beginning balance at Dec. 31, 2023	883,313	741	3,166,012	(2,259,694)	0	(23,746)
Net loss / (income)	(11,351)
Gain (loss) on foreign currency translation, net of tax of $0	4,441
Ending balance at Sep. 30, 2024	877,024	750	3,191,624	(2,271,045)	(25,000)	(19,305)
Beginning balance at Mar. 31, 2024	873,906	742	3,175,160	(2,256,638)	(14,000)	(31,358)
Net loss / (income)	(1,430)			(1,430)
Gain (loss) on foreign currency translation, net of tax of $0	(6,055)					(6,055)
Restricted stock units issued		7	(7)
Shared based compensation	5,589		5,589
Capital contribution	1,843		1,843
Common shares repurchased	(11,000)				(11,000)
Ending balance at Jun. 30, 2024	862,853	749	3,182,585	(2,258,068)	(25,000)	(37,413)
Net loss / (income)	(12,977)			(12,977)
Gain (loss) on foreign currency translation, net of tax of $0	18,108					18,108
Restricted stock units issued		1	(1)
Shared based compensation	9,040		9,040
Ending balance at Sep. 30, 2024	$ 877,024	$ 750	$ 3,191,624	$ (2,271,045)	$ (25,000)	$ (19,305)

Condensed Consolidated Statem_5

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024
Statement of Stockholders' Equity [Abstract]
Gain (loss) on foreign currency translation, net of tax	$ 0	$ 0	$ 0	$ 0	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net loss	$ (11,351)	$ (8,122)
Adjustments for non-cash items:
Depreciation and amortization	208,006	197,046
Unrealized foreign exchange loss	7,139	4,907
Deferred tax (benefit) / expense	(17,751)	17,453
Interest expense, net	(1,662)	5,392
Share-based compensation	35,015	23,061
Other income, net	(6,939)	(19,828)
Impairment expense on goodwill and intangible assets	795	275
Allowance for credit losses and other	28,841	13,857
Loss on disposal of subsidiary and other assets, net	508	0
Non-cash lease expense	6,718	6,686
Movements in working capital:
Accounts receivable, net	(42,214)	(15,857)
Prepaid expenses and other current assets	(7,635)	(1,332)
Accounts payable and other liabilities	(7,769)	(26,623)
Income tax receivable	3,208	(24,485)
Net cash flows provided by operating activities	194,909	172,430
Cash flows from investing activities
Purchase of property, plant & equipment	(11,434)	(12,129)
Purchase of merchant portfolios	(7,224)	(26,749)
Other intangible asset expenditures	(68,409)	(69,393)
Cash inflow / (outflow) from merchant reserves	6,510	(24,400)
Receipts under derivative financial instruments	7,234	7,520
Other investing activities	1,958	(410)
Net cash flows used in investing activities	(71,365)	(125,561)
Cash flows from financing activities
Cash settled equity awards	0	(484)
Proceeds from exercise of warrants	0	5
Repurchases of shares withheld for taxes	(6,641)	(7,857)
Proceeds from Employee Share Purchase Plan	159	0
Purchase of treasury shares	(25,000)	0
Settlement funds - merchants and customers, net	(220,123)	(527,798)
Repurchases of borrowings	(80,253)	(124,344)
Proceeds from loans and borrowings	159,291	90,138
Repayment of loans and borrowings	(124,916)	(68,592)
Payment of debt issuance costs	(491)	0
Proceeds under line of credit	650,000	675,000
Repayments under line of credit	(675,000)	(675,000)
Contingent consideration paid	(8,949)	(9,210)
Net cash provided by financing activities	(331,923)	(648,142)
Effect of foreign exchange rate changes	4,189	(7,809)
Decrease in cash and cash equivalents, including customer accounts and other restricted cash during the period	(204,190)	(609,082)
Cash and cash equivalents, including customer accounts and other restricted cash at beginning of the period	1,498,269	2,127,195
Cash and cash equivalents at end of the period, including customer accounts and other restricted cash	1,294,079	1,518,113
Supplemental cash flow disclosures:
Cash paid for interest	109,308	107,247
Cash paid for income taxes, net	24,101	34,474
Cash and cash equivalents	241,381	226,451
Customer accounts and other restricted cash	1,052,698	1,291,662
Total cash and cash equivalents, including customer accounts and other restricted cash	$ 1,294,079	$ 1,518,113

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	1. Basis of presentation and summary of significant accounting policies Description of the Business In these unaudited condensed consolidated financial statements and related notes, Paysafe Limited, and its consolidated subsidiaries are referred to collectively as “Paysafe,” “we,” “us,” and “the Company” unless the context requires otherwise. Paysafe is a leading global provider of end-to-end payment solutions. Our core purpose is to enable businesses and consumers to connect and transact seamlessly through our payment platforms. Paysafe Limited was incorporated as an exempted limited company under the laws of Bermuda on November 23, 2020 for purposes of effectuating the merger (the “Transaction”) with Foley Trasimene Acquisition Corp. II (“FTAC”), a special purpose acquisition company that completed its Initial Public Offering (“IPO”) in August 2020, and Pi Jersey 1.5 Limited (“Legacy Paysafe”). In connection with the Transaction, which was consummated on March 31, 2021, the Company’s common shares and warrants were listed on the New York Stock Exchange under the symbols PSFE and PSFE.WS, respectively. Subsequent to the Transaction, Pi Jersey Topco Limited (“Topco”), funds advised by affiliates of CVC Capital Partners (such funds collectively, “CVC”) and The Blackstone Group Inc. (“Blackstone”) continue to retain ownership in the Company. Basis of Presentation The accompanying unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2024 and the comparative financial information for the three and nine months ended September 30, 2023 and for the year ended December 31, 2023 include the accounts of the Company, and its subsidiaries, based upon information of Paysafe Limited. All intercompany transactions have been eliminated in consolidation. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for the fair statement of the Company’s financial position, results of operations and cash flows have been included. These unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and notes required by GAAP for annual financial statements and should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2023 on Form 20-F filed on March 20, 2024. The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reported period. Operating results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024 or any other interim period. Disaggregation of Revenue The Company provides payment solutions through two primary lines of business: Merchant Solutions and Digital Wallets. For each primary source of revenue within these business lines, the Company’s main performance obligation is to stand ready to provide payment services to merchants and consumers. Due to the concentration of economic factors, products and services in each of the business lines, the Company has presented disaggregated revenue at the segment level (See Note 15). We do no t have any material contract balances associated with our contracts with customers as of September 30, 2024 and December 31, 2023 . The Company has elected to exclude disclosing any contracts with an original duration of one year or less and any variable consideration that meets specified criteria. The Company’s most significant performance obligations consist of variable consideration under a stand-ready series of distinct days of service, which typically represent all or almost all of the total transaction price for the related contract. The variable consideration that will be allocated to future days of service is not required to be disclosed as these days of services are wholly unsatisfied at the Company’s reporting date. The aggregate fixed consideration portion of customer contracts with an initial contract duration greater than one year is not material. Reclassifications Certain prior period amounts have been reclassified in order to conform with the current period presentation. These reclassifications have no impact on the Company’s previously reported consolidated net loss. Changes in presentation During the fourth quarter of 2023, the Company elected to change its presentation of the cash flows associated with "Settlement receivables, net" and "Funds payable and amounts due to customers" from operating activities, to present them as financing activities within its consolidated statement of cash flows. Comparative amounts have been recast to conform to current period presentation. These recasts had no impact on the consolidated statement of comprehensive loss, consolidated statement of financial position or consolidated statement of shareholders' equity. The following tables present the effects of the changes in presentation within the consolidated statement of cash flows: For the nine months ended September 30, 2023 As Previously Reported Adjustment As Adjusted Consolidated Statement of Cash Flows Cash flows from operating activities Settlement receivables, net $ 2,090 $ ( 2,090 ) $ - Funds payable and amounts due to customers ( 529,888 ) 529,888 - Net cash (used in) / provided by operating activities $ ( 355,368 ) $ 527,798 $ 172,430 Cash flows from financing activities Settlement funds - merchants and customers, net $ - $ ( 527,798 ) $ ( 527,798 ) Net cash used in financing activities $ ( 120,344 ) $ ( 527,798 ) $ ( 648,142 ) Significant Accounting Policies There have been no material changes in our significant accounting policies during the three and nine months ended September 30, 2024. A detailed discussion of our significant accounting policies is included within the audited consolidated financial statements for the year ended December 31, 2023 on Form 20-F filed on March 20, 2024. Accounting Pronouncements not yet Adopted Segment Reporting In November 2023, the FASB issued ASU 2023-07, which amends Segment reporting (Topic 280). This update enhances reportable segment disclosure requirements, primarily by requiring disclosure of the significant segment expenses for each reportable segment that are regularly provided to the Chief Operating Decision Maker, and aligning the segment reporting disclosure requirements in interim and annual reporting periods. This update is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company expects to adopt this guidance in our December 31, 2024 annual financial statements and this guidance is not expected to have a material impact on the Company’s consolidated financial statements. Crypto Assets In December 2023, the FASB issued ASU 2023-08, Intangibles – Goodwill and Other – Crypto assets. This update provides guidance on the accounting for and disclosure of crypto assets by requiring that crypto assets that meet criteria defined by the ASU to 1) be measured at fair value separately from other intangible assets in the statement of financial position, 2) to present remeasurement separately from other changes in other intangible assets in the statement of comprehensive income / (loss), and 3) to enhance disclosure requirements related to the crypto assets, including providing roll-forward information of crypto asset holdings. This update is effective for fiscal years beginning after December 15, 2024, including interim periods within those fiscal years, with early adoption permitted. The Company purchases cryptocurrency assets on behalf of its customers. All the risks and rewards associated with those assets are transferred to the customer at the time of purchase and the Company has no ability to control these assets and no requirement to safeguard these assets. As a result, the Company does not recognize either the cryptocurrency asset or liability to the customer on its balance sheet. The Company expects to adopt ASU 2023-08 on January 1, 2025 which is not expected to have a material impact on the Company’s consolidated financial statements. Income Taxes In December 2023, the FASB issued ASU 2023-09, which amends Income taxes (Topic 270). This update enhances income tax disclosure requirements, primarily by requiring public companies to provide disclosures regarding the statutory tax rate and effective tax rate in tabular format with specific categories identified, and to provide additional disclosures for reconciling items that meet quantitative thresholds. This update is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company expects to adopt this guidance on January 1, 2025 which is not expected to have a material impact on the Company’s consolidated financial statements. Disaggregation of Income Statement Expenses In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40). This update requires public companies to expand disclosures about specific expense categories in the notes to the financial statements, including inventory, employee compensation, depreciation, and intangible asset amortization, among others. This update is effective for annual periods beginning after December 15, 2026 and for interim reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is evaluating the impact of the adoption of this update on the consolidated financial statements.

Net loss per share

Net loss per share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Net income / (loss) per share attributable to the Company	2. Net loss per share The following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to the Company. The Company uses the treasury stock method of calculating diluted net loss per share. For the three and nine months ended September 30, 2024 and 2023, we excluded all potentially dilutive restricted stock units, stock options and warrants in calculating diluted net loss per share as the effect was antidilutive (See Notes 10 and 12). For the three months ended September 30, For the nine months ended September 30, 2024 2023 2024 2023 Numerator Net loss - basic $ ( 12,977 ) $ ( 2,549 ) $ ( 11,351 ) $ ( 8,122 ) Net loss - diluted $ ( 12,977 ) $ ( 2,549 ) $ ( 11,351 ) $ ( 8,122 ) Denominator Weighted average shares – basic 60,748,810 61,623,820 61,023,855 61,349,985 Weighted average shares – diluted 60,748,810 61,623,820 61,023,855 61,349,985 Net loss per share Basic $ ( 0.21 ) $ ( 0.04 ) $ ( 0.19 ) $ ( 0.13 ) Diluted $ ( 0.21 ) $ ( 0.04 ) $ ( 0.19 ) $ ( 0.13 )

Taxation

Taxation	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Taxation	3. Taxation For the three and nine months ended September 30, 2024, we have utilized the discrete effective tax method as allowed under ASC 740, Income Taxes, to calculate the interim tax provision. The discrete method treats the year to date period as if it was the annual period and determines the income tax expense or benefit on that basis. For all periods, preceding the third quarter of 2024, we accounted for income taxes in interim periods by applying an estimated annual effective tax rate to year to date pre-tax book income, with the effects of any discrete income tax items recognized in the periods when they occurred. We believe that the use of the discrete method is more appropriate than the annual effective tax rate method as small changes in estimated pre-tax book income or loss would result in significant changes in the estimated annual effective tax rate. Our effective tax rate for the three and nine months ended September 30, 2024 was 18.5 % and 533.1 %, respectively. The difference between our effective tax rate and the U.K. statutory rate of 25 % for the three months ended September 30, 2024 was primarily the result of charges relating to U.S. Base Erosion and Anti-Abuse Tax ("BEAT") that is applicable in the United States on payments made to foreign related parties. The difference between our effective tax rate and the U.K. statutory rate of 25 % for the nine months ended September 30, 2024 was primarily the result of changes to our valuation allowance related to our recoverability of deferred tax assets on restricted interest carryforwards, charges relating to BEAT and items identified as discrete during the year. Our effective tax rate for the three and nine months ended September 30, 2023 was 117.6 % and 142.0 %, respectively. The difference between our effective tax rate and the U.K. statutory rate for the three and nine months ended September 30, 2023 was primarily the result of our valuation allowance on restricted interest carryforwards and items identified as discrete during the year. On December 12, 2022, the European Union ("EU") Member States agreed in principle on the introduction of a global minimum tax rate of 15 %. On December 15, 2022, the written procedure for formal adoption of a directive was signed and transposed into the national law of EU Member States with effectiveness beginning January 1, 2024. The application of the minimum tax rate did not have a material impact on the Company’s consolidated financial statements.

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2024
Goodwill [Abstract]
Goodwill	4. Goodwill Changes in the carrying amount of goodwill are as follows: Merchant Solutions (1) Digital Wallets (2) Total Balance as of December 31, 2023 $ 637,446 $ 1,385,956 $ 2,023,402 Foreign exchange — 6,546 6,546 Balance as of September 30, 2024 $ 637,446 $ 1,392,502 $ 2,029,948 (1) Accumulated impairment loss was $ 1,159,145 as of September 30, 2024 and December 31, 2023 within the Merchant Solutions segment. (2) Accumulated impairment loss was $ 723,042 as of September 30, 2024 and December 31, 2023 within the Digital Wallets segment. The Company performs its annual goodwill impairment test for all reporting units as of October 1st, or when events and circumstances have occurred that would indicate the carrying amount of goodwill exceeds its fair value. No such events and circumstances were identified during the three and nine months ended September 30, 2024 . However, we have performed our annual goodwill impairment test as of October 1st , which did not result in an impairment. The Company considers its reporting units to be at the operating segment level. We performed our goodwill impairment test using a weighting of both market and income approaches. The market approach was based on guideline comparable companies and the key assumptions included selected Earnings Before Interest Tax Depreciation and Amortization ("EBITDA") multiples. The income approach was based on a discounted cash flow model and the key assumptions included the discount rate and future cash flows such as long-term growth rates. These valuation methods use assumptions which are considered Level 3 inputs in the fair value hierarchy (See Note 12). Selected multiples were determined based on guideline comparable companies and discounted based on business-specific considerations. The cash flow forecast, including long term growth rates, considers past experience and future market expectations. Discount rate assumptions are based on determining a cost of debt and equity and an assessment as to whether there are risks not adjusted for in the future cash flows of the respective reporting unit. Failure to achieve the future cash flows, changes in key assumptions or decline in the stock price may cause a future impairment of goodwill at the reporting unit level.

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	5. Intangible assets The Company’s intangible assets consisted of the following: September 30, 2024 December 31, 2023 Brands $ 169,341 $ 168,508 Software development costs 945,178 880,764 Customer relationships 1,551,967 1,541,507 Computer software 38,595 39,311 Gross carrying value $ 2,705,081 $ 2,630,090 Brands 114,064 101,197 Software development costs 661,742 578,383 Customer relationships 858,201 756,463 Computer software 32,137 30,112 Accumulated amortization $ 1,666,144 $ 1,466,155 Intangible assets, net $ 1,038,937 $ 1,163,935 Amortization expense on intangible assets for the three months ended September 30, 2024 and 2023 , was $ 67,991 and $ 65,294 , respectively. Amortization expense on intangible assets for the nine months ended September 30, 2024 and 2023 , was $ 201,156 and $ 192,451 , respectively. The increase in gross intangible assets during the nine months ended September 30, 2024 mainly relates to the purchase of merchant portfolios and software development costs. The Company performs an impairment analysis on intangible assets with finite lives when events and circumstances have occurred that would indicate the carrying amount of intangible assets may not be recoverable. No such events and circumstances were identified during the three and nine months ended September 30, 2024 and 2023. For the three and nine months ended September 30, 2024 impairment expenses of $ 119 and $ 795 , respectively, were recognized re lated to software development costs which had no future economic benefit. For the three and nine months ended September 30, 2023 impairment expenses of $ 0 and $ 275 , respectively, were recognized related to software development costs.

Allowance for Credit Losses

Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2024
Credit Loss [Abstract]
Allowance for Credit Losses	6. Allowance for credit losses The Company has exposure to credit losses for financial assets, including settlement receivables, accounts receivable, and financial guarantee contracts to the extent that a chargeback claim is made against the Company directly or to the Company’s merchants on card purchases. The following table summarizes the expected credit allowance activity for settlement receivables, net, accounts receivable, net, and financial guarantee contracts and other, for the nine months ended September 30, 2024: Accounts Settlement (2) Financial Total Balance as of December 31, 2023 $ 5,240 $ 5,197 $ 11,650 $ 22,087 Credit loss expense 19,385 1,996 2,306 23,687 Recoveries 2,848 2,146 - 4,994 Write-Offs ( 20,829 ) ( 4,445 ) ( 3,197 ) ( 28,471 ) Other (1) 29 ( 233 ) 12 ( 192 ) Balance as of September 30, 2024 $ 6,673 $ 4,661 $ 10,771 $ 22,105 (1) Other mainly relates to the impact of foreign exchange. (2) Recoveries / (losses) from freestanding credit enhancements related to Settlement receivables, net, were $ 177 and ($ 160 ) for the three and nine months ended September 30, 2024 , respectively, and $ 401 and ($ 276 ) for the three and nine months ended September 30, 2023 , respectively. Recoveries from freestanding credit enhancements related to Settlement receivables, net are recorded separately from expected credit losses in "Selling, general and administrative" in the unaudited condensed consolidated statement of comprehensive loss. Credit loss expense for the three months ended September 30, 2024 and 2023 was $ 8,961 and $ 5,017 , respectively and for the nine months ended September 30, 2024 and 2023 was $ 23,687 and $ 13,581 , respectively. The increase in credit loss expense was due to an increase in aged balances, and for the nine month period, also attributable to an increase in the volume of transactions in the Merchant Solutions segment. Write-offs for the three months ended September 30, 2024 and 2023 were $ 8,446 and $ 5,320 , respectively and for the nine months ended September 30, 2024 and 2023 were $ 28,471 and $ 20,489 , respectively. Including recoveries, write offs were comparable period over period.

Debt

Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt	7. Debt The Company's current facilities include the following: (i) $ 305,000 senior secured revolving credit facility (the “Revolving Credit Facility”); (ii) $ 1,018,000 aggregate principal amount senior secured USD first lien term loan facility (the “Term Loan Facility (USD)”)(comprising the original $ 628,000 and incremental $ 390,000 facility); (iii) € 710,000 aggregate principal amount senior secured EUR first lien term loan facility (the “Term Loan Facility (EUR)”) (comprising the original € 435,000 and an incremental € 275,000 facility); and (iv) $ 400,000 aggregate principal amount of USD secured notes and € 435,000 aggregate principal amount of EUR secured notes (the “Secured Notes”). The Company has made drawdowns and repayments on the Revolving Credit Facility throughout the year. As of September 30, 2024 and December 31, 2023, $ 78,269 and $ 35,640 , respectively, was drawn down on the Revolving Credit Facility. On April 13, 2023, the Company entered into a debt amendment agreement to replace LIBOR with SOFR, following the Financial Conduct Authority's ("FCA") decision to phase out the use of LIBOR by June 30, 2023. The Term Loan Facility (USD) and Revolving Credit Facility (USD) previously bore interest at LIBOR plus margin. This contract modification qualified for the relief provided in ASU 2021-01. The Company applied the optional expedient in the standard, accounting for the amendment as if the modification was not substantial and thus a continuation of the existing contract, with the change in rate accounted for prospectively. Line of Credit The Company has a Line of Credit of $ 75,000 which is restricted for use in funding settlements in the Merchant Solutions business and is secured agai nst known transactions. As of September 30, 2024 and December 31, 2023 , the Company had an outstanding balance on the Line of Credit of $ 50,000 and $ 75,000 , respectively . During the third quarter, an amendment was signed to extend the maturity of the Line of Credit from June 2025 to July 2027. The key terms of these facilities were as follows: Facility Currency Interest Rate (1) Effective Interest Rate (2) Facility Principal Principal Term Loan Facility (USD) (3) USD USD SOFR (6) + 0.11% (4) + 2.75% 7.3 % Jun-28 $ 846,421 $ 846,421 Term Loan Facility (EUR) (5) EUR EURIBOR + 3.00% (0% floor) 5.7 % Jun-28 607,644 676,589 Secured Loan Notes (EUR) EUR 3.00% 3.2 % Jun-29 421,362 469,170 Secured Loan Notes (USD) USD 4.00% 4.2 % Jun-29 337,206 337,206 Revolving Credit Facility (USD) USD BASE + 0.10% (4) + 2.25% 7.4 % Dec-27 56,000 56,000 Revolving Credit Facility (EUR) EUR BASE + 2.25% (0% floor) 5.8 % Dec-27 20,000 22,269 Line of Credit USD Term SOFR (6) + 2.70% 8.0 % Jul-27 50,000 50,000 Total Principal Outstanding $ 2,457,655 (1) For facilities which utilize the EURIBOR and SOFR rates, a rate floor of 0 % and 0.5 % applies, respectively . (2) The effective interest rate is as of September 30, 2024. (3) Represents Term Loan Facility (USD) and USD Incremental Term Loan as defined under the current facilities . (4) Represents a credit spread adjustment to reflect the historical difference between LIBOR and SOFR. (5) Represent Term Loan Facility (EUR) and EUR Incremental Term Loan as defined under the current facilities . (6) The Term Secured Overnight Financing Rate ("Term SOFR") is the forward-looking term rate based on the SOFR. The Term SOFR is administered by the CME Group Benchmark Association Limited . September 30, 2024 December 31, 2023 Principal Outstanding $ 2,457,655 $ 2,519,857 Unamortized debt issuance cost ( 26,237 ) ( 18,024 ) Total 2,431,418 2,501,833 Short-term debt 10,190 10,190 Non-current debt $ 2,421,228 $ 2,491,643 For the three months ended September 30, 2024 and 2023 , interest expense, including amortization of deferred debt issuance cost, was $ 35,546 and $ 38,421 , respectively. For the nine months ended September 30, 2024 and 2023 , interest expense, including amortization of deferred debt issuance cost, was $ 107,646 and $ 112,639 , respectively. Maturity requirements on debt as of September 30, 2024 by year are as follows: Remainder 2024 $ 2,547 2025 10,190 2026 10,190 2027 138,459 2028 1,489,893 2029 and thereafter 806,376 Total $ 2,457,655 During both the three months ended September 30, 2024 and 2023 , the Company made principal payments under its Term Loan Facility of $ 2,547 . In addition, during the three months ended September 30, 2024 and 2023 , the Company repurchased $ 3,375 and $ 0 , respectively, of Secured Loan Notes, and $ 9,275 and $ 42,389 , respectively, under the Term Loan Facility. This resulted in a gain on repurchases of $ 325 and $ 1,680 for the three months ended September 30, 2024 and 2023, respectively. During both the nine months ended September 30, 2024 and 2023, the Company made principal payments u nder its Term Loan Facility of $ 7,642 . In addition, during the nine months ended September 30, 2024 and 2023 , the Company repurchased $ 8,375 and $ 24,837 , respectively, of Secured Loan Notes and $ 73,499 and $ 109,139 , respectively, under the Term Loan Facility. This resulted in a gain on repurchase of $ 1,621 and $ 9,632 for the nine months ended September 30, 2024 and 2023, respectively. Gain on repurchases are recognized within "Other (expense) / income, net" within the condensed consolidated statement of comprehensive loss (See Note 14). As of September 30, 2024 , we have committed to future repurchases of debt of $ 4,834 which have a face value of $ 4,858 . Compliance with Covenants The Company’s facilities as described above contain affirmative, restrictive and incurrence-based covenants, including, among others, financial covenants based on the Company’s leverage and Revolving Credit Facility utilization, as defined in the debt agreement. The financial covenants under the facilities require the Company to test its Consolidated First Lien Debt Ratio if the principal amount of the Revolving Credit Facility, less any cash and cash equivalents, at the reporting date exceeds 40 % of the total Revolving Credit Facility Commitment. If the Revolving Credit Facility utilization is greater than 40 % at the reporting date, there is an additional requirement that the Consolidated First Lien Debt Ratio is not permitted to exceed 7.5 to 1.0. The Consolidated First Lien Debt Ratio is the ratio of (a) consolidated senior secured net debt of the Company and restricted subsidiaries as of the last day of such relevant period to (b) Last Twelve Months ("LTM") EBITDA, as defined in the Senior Credit Facility, of the Company and the restricted subsidiaries for the relevant period. The Company was in compliance with its covenants as of the date of issuance of these unaudited condensed consolidated financial statements. Letters of Credit As of September 30, 2024 and December 31, 2023 , the Company had issued approximately $ 147,548 and $ 135,413 letters of credit, respectively, for use in the ordinary course of business.

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	8. Derivative Instruments The Company’s derivative instruments consist of interest rate swaps, which mitigate the exposure to the variable-rate debt by effectively converting the floating-rate payments to fixed-rate payments. The derivative financial instrument arrangements were entered into to manage the Company's interest rate risk related to its variable rate Term Loan Facility. During the nine months ended September 30, 2024, the Company entered into a forward starting interest rate swap. The interest rate swaps are measured at fair value and not designated as a hedge for accounting purposes; as such, any fair value changes are recorded in “Other (expense) / income, net” in the unaudited condensed consolidated statement of comprehensive loss in the respective period of the change. The following table summarized the notional amount at inception and fair value of these instruments recognized as "Derivative financial assets" or "Derivative financial liabilities" in the unaudited condensed consolidated statement of financial position: Derivative financial instrument Fixed rate Notional amount Index Effective date Maturity Date Fair value of asset / (liability) as at Fair value of asset as at Interest rate swap 2.1 % $ 245,811 USD-1 month SOFR March 31, 2022 March 31, 2026 $ 4,794 $ 10,427 Forward starting interest rate swap 3.3 % $ 110,047 USD-1 month SOFR March 31, 2026 December 31, 2027 $ ( 377 ) $ - During the three months ended September 30, 2024 and 2023 the Company recognized a (loss) / gain of ($ 3,186 ) and $ 2,054 , respectively, of which ($ 5,471 ) and ($ 682 ), respectively, is associated with remeasuring the derivative instrument to fair value at the end of the reporting period. The fair value remeasurement is netted by monthly cash receipts on the interest rate contracts for the three months ended September 30, 2024 and 2023 of $ 2,285 and $ 2,736 , respectively . During the nine months ended September 30, 2024 and 2023 the Company recognized a gain of $ 1,224 and $ 6,252 , respectively, of which $ 6,010 and $ 1,268 , respectively, is associated with remeasuring the derivative instrument to fair value at the end of the reporting period. The fair value remeasurement is netted by monthly cash receipts on the interest rate contracts for the nine months ended September 30, 2024 and 2023 of $ 7,234 and $ 7,520 , respectively . For further information regarding the fair value of the derivative instruments see discussion in Notes 12 and 14.

Contingent consideration payabl

Contingent consideration payable	9 Months Ended
	Sep. 30, 2024
Contingent And Deferred Consideration Payable [Abstract]
Contingent consideration payable	9. Contingent consideration payable Contingent consideration payable is comprised of the following balances: Balance as of December 31, 2023 $ 18,706 Payments made during the period ( 8,949 ) Additions in the period — Fair value loss and other 452 Balance as of September 30, 2024 $ 10,209 Current $ 9,884 Non-current $ 325 During the nine months ended September 30, 2024 the Company paid $ 8,949 of the continge nt consideration payable, a majority of which related to a prior period acquisition. This contingent consideration arose as part of the consideration of merchant buyouts, as well as prior year acquisitions, and is payable in cash subject to the future financial performance of the acquisitions. During the nine months ended September 30, 2023, the Company paid $ 9,210 of the contingent consideration payable related to a prior period acquisition.

Share-based Compensation

Share-based Compensation	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share-based payments	10. Share-based Compensation The Company operates two share-based employee compensation plans: the 2018 Pi Jersey Topco Limited Plan ("2018 Plan") for which a majority of the shares vested upon completion of the Transaction (See Note 1) and the 2021 Omnibus Incentive Plan ("2021 Plan"). The 2021 Plan serves as the successor to the 2018 Plan. The 2021 Plan became effective as of March 30, 2021 upon closing of the Transaction. Outstanding awards under the 2018 Plan continue to be subject to the terms and conditions of the 2018 Plan. No additional awards are expected to be granted in the future under the 2018 Plan. Share-based compensation expense recognized during the three months ended September 30, 2024 and 2023 under both plans was $ 12,690 and $ 4,938 , respectively. Share-based compensation expense recognized during the nine months ended September 30, 2024 and 2023 under both plans was $ 35,015 and $ 23,061 , respectively. As of September 30, 2024 , unrecognized stock-based compensation expense was $ 50,830 . 2021 Omnibus Incentive Plan (“2021 Plan”) During the nine months ended September 30, 2024 , the Company increased the number of shares available for issuance under the 2021 Plan by 4,628,958 , and as of September 30, 2024, there were 15,209,712 share s authorized for award under the 2021 Plan. Under the 2021 Plan, restricted stock units (“RSUs”) that have a service condition only, generally vest ratably over three years . Performance restricted stock units (“PRSUs”) generally vest at the end of one to three years . The number of PRSUs that vest is variable depending upon the probability of achievement of certain internal performance targets and may vest between 0 % and 200 % of the target share amount. In prior years, certain PRSUs were granted which were liability-classified share-based payment awards under ASC 718 as the value of the award was fixed and would be settled in a variable number of shares. These awards were settled during the nine months ended September 30, 2023, which resulted in conversion of the full liability to additional paid in capital in the unaudited condensed consolidated statement of shareholders' equity. This conversion of $ 6,276 represents a non-cash investing and financing activity within the unaudited condensed consolidated statement of cash flows. The following table summarizes restricted stock unit activity during the nine months ended September 30, 2024: Restricted Stock Units Weighted average grant date fair value Nonvested as of December 31, 2023 2,860,058 $ 27.43 Granted (1) 2,676,262 16.00 Vested (2) ( 1,129,877 ) 29.71 Forfeited ( 477,183 ) 19.23 Performance adjustments (3) ( 11,942 ) - Nonvested as of September 30, 2024 3,917,318 $ 18.30 (1) Represents RSUs and PRSUs granted based on performance target achievement of 100 % . (2) Represents the total number of shares vested during the period. Common shares issued, as presented within the unaudited condensed consolidated statement of shareholders' equity, are net of shares withheld for taxes. The total grant date fair value of units vested was $33,551. (3) Represents the adjustment to the number of PRSUs based on actual performance compared to target. Stock options There were no stock options granted during the nine months ended September 30, 2024 and 2023 . There are 166,666 stock options outstanding as of September 30, 2024 , of which 111,108 are exercisable. The exercise price of each option is based on either one or two times the fair market value of the Company’s stock at the date of grant. The options have a contractual ten-year life and vest annually in equal increments over three years . Other shared based payment awards During the nine months ended September 30, 2024, the Company adopted a short-term incentive program pursuant to which fully-vested shares of the Company’s common stock would be issued at or around the time of determining the Company’s performance under such program in early 2025, if the Company achieves certain performance target. The potential issuance of these shares of common stock are accounted for as share-based payment awards granted under the 2021 Plan. Share-based compensation expense associated with these awards for the three and nine months ended September 30, 2024 was $ 2,589 and $ 4,283 , respectively. These awards are liability-classified share-based payment awards under ASC 718 as the value of the award is fixed and will be settled in a variable number of shares and were classified as a current liability within the unaudited condensed consolidated statement of financial position based on the expected timing of the vesting of shares. Share-based compensation liability (2018 Plan) Certain employee equity-based awards were modified in conjunction with the Transaction. Their settlement terms changed such that instead of Topco's shares, the awardees received Paysafe Limited common shares as well as Topco’s shares. The modification resulted in a change in the classification of the modified awards, with the Topco shares being accounted for as a liability-classified share-based payment award under ASC 718 as they will be settled in cash. The corresponding liability was measured at fair value at the modification date (i.e. the Transaction date), and subsequently it will be remeasured at fair value at each reporting date, with changes in its value reported as share-based compensation expense. The awards settled in Paysafe Limited common shares continue to be accounted for as equity-based awards. As of September 30, 2024 and December 31, 2023, the share-based compensation liability was $ 4,531 and $ 5,809 , respectively, which is classified as a current or non-current liability within the unaudited condensed consolidated statement of financial position based on the expected timing of the redemption of shares. During the nine months ended September 30, 2024 , the liability decreased by $ 1,842 related to the redemption of shares and increased by $ 564 related to fair value loss. The redemption is recorded as a capital contribution in the unaudited condensed consolidated statement of shareholders' equity and represents a non-cash investing and financing activity within the unaudited condensed consolidated statement of cash flows. Employee Share Purchase Plan Employees are eligible to contribute to the Company’s Employee Share Purchase Plan (the “Purchase Plan”). The Purchase Plan is not intended to be an employee benefit plan under the Employee Retirement Income Security Act of 1974, as amended, nor qualify as an “employee stock purchase plan” under Section 423 of the Internal Revenue Code. Under the Purchase Plan, eligible employees may designate from one percent to fifteen percent of their compensation to be withheld for the purchase of PSFE shares at the market price of the shares at the end of each one-month offering period. The Company grants restricted stock units equal to 25 % of the PSFE shares that are purchased by participating employees on each purchase date (“Match RSU Award”). The Match RSU Award cliff vests either six months or one year from the last day of the offering period, subject to the employee’s continued employment at the vesting date. The fair value of the Match RSU Award is recognized on a straight-line basis over the vesting period. The maximum number of shares of common stock authorized under the Purchase Plan for participant contributions and Match RSU Awards is 2,083,333 . Preference Shares We have authorized 233,333,333 shares in the Co mpany that have not yet been issued, the rights and restrictions attached to which are not defined by the Company bylaws. Pursuant to the Company bylaws, preference shares may be issued by the Company from time to time, and the Company Board is authorized (without any requirement for further shareholder action) to determine the rights, preferences, powers, qualifications, limitations and restrictions attached to those shares.

Share Repurchase Program

Share Repurchase Program	9 Months Ended
	Sep. 30, 2024
Disclosure Text Block [Abstract]
Share Repurchase Program	11. Share Repurchase Program In November 2023, the Board approved a share repurchase program (the “Share Repurchase Program”), authorizing the Company to repurchase up to $ 50,000 of common shares outstanding. Under the Share Repurchase Program, management is authorized to purchase common shares from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements, and subject to market conditions and other factors. No shares were repurchased during the three months ended September 30, 2024. During the nine months ended September 30, 2024 , we repurchased 1,675,815 of our common shares for $ 25,000 at an average price of $ 14.92 per share. These repurchases are recorded at cost as treasury shares within the unaudited condensed consolidated statement of financial position and unaudited condensed consolidated statement of shareholders' equity. As of September 30, 2024 , a total of $ 25,000 remained available for future repurchases of our common shares under our Share Repurchase Program.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	12. Fair Value Measurements The Company uses the hierarchy prescribed in ASC 820, Fair Value Measurements, for fair value measurements, based on the available inputs to the valuation and the degree to which they are observable or not observable in the market. The three levels of the hierarchy are as follows: • Level 1 Inputs—Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date, • Level 2 Inputs—Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability if it has a specified or contractual term, and • Level 3 Inputs—Unobservable inputs for the asset or liability used to measure fair value allowing for inputs reflecting the Company’s assumptions about what other market participants would use in pricing the asset or liability, including assumptions about risk. The fair value hierarchy of financial instruments measured at fair value as of September 30, 2024 is provided below. Level 1 Level 2 Level 3 Financial assets measured at fair value: Derivative financial assets - 4,794 - $ - $ 4,794 $ - Financial liabilities measured at fair value: Contingent consideration payable - - 10,209 Derivative financial liabilities - 377 - Warrant liabilities (1) 1,342 - - Liability for share-based compensation (2) - - 8,814 $ 1,342 $ 377 $ 19,023 The fair value hierarchy of financial instruments measured at fair value as of December 31, 2023 is provided below. Level 1 Level 2 Level 3 Financial assets measured at fair value: Derivative financial asset - 10,427 - $ - $ 10,427 $ - Financial liabilities measured at fair value: Contingent consideration payable - - 18,706 Warrant liabilities (1) 1,423 - - Liability for share-based compensation (2) - - 5,809 $ 1,423 $ - $ 24,515 (1) The Wa rrants represent the right to purchase one share of the Company’s common shares at a price of $ 138.0 per share. The Warrants became exercisable on August 21, 2021 and will expire on the fifth anniversary of the Transaction, or upon an earlier redemption. As of September 30, 2024 and December 31, 20 23, 53,900,329 warrants were ou tstanding, all of which were considered public warrants. (2) As of December 31, 2023, the liability for share-based compensation relates to the share-based compensation awards modified in connection with the Transaction and as of September 30, 2024 , the liability also includes certain performance awards to be issued in a variable number of shares (Note 10). There were no transfers between levels during the nine months ended September 30, 2024 and 2023. A reconciliation of the movements in level 3 financial instruments in the period are described in Notes 9 and 10. The valuation techniques and significant unobservable inputs used in determining the fair value measurement of Level 3 financial instruments are set out in the table below. Financial instrument Valuation technique used Significant unobservable inputs Contingent consideration payable Discounted cashflow Discount rate of 4.4 % Liability for share-based compensation Market and income approach Discount rate of 16.5 % The Company considers that the carrying value of cash and cash equivalents, customer accounts and other restricted cash, accounts receivable, settlement receivables, prepaid expenses and other assets, accounts payable and accrued expenses, and liabilities to customers and merchants approximate fair value given the short-term nature of these items. As of September 30, 2024 , the carrying amount of our debt approximated fair value (a Level 2 measurement) based on market yields for similar debt facilities and observable trading data related to the Company’s debt securities.

Commitments, Contingencies and

Commitments, Contingencies and Guarantees	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments Contingencies and Guarantees	13. Commitments, Contingencies and Guarantees Litigation provision Through the normal course of the Company’s business, the Company is subject to a number of litigation proceedings both brought against and brought by the Company. The Company maintains liabilities for losses from legal actions that are recorded when they are determined to be both probable in their occurrence and can be reasonably estimated. On this basis, we have recognized a provision of $ 1,203 as of September 30, 2024 and $ 2,200 as of December 31, 2023 related to certain litigation proceedings. The decrease in the provision is related to a settlement payment during the nine months ended September 30, 2024. This amount is presented within “Accounts payable and other liabilities” in the Company’s unaudited condensed consolidated statement of financial position. On December 10, 2021, a class action complaint, Lisa Wiley v Paysafe Limited was filed, naming among others the Company, our former Chief Executive Officer, and our former Chief Financial Officer, as defendants. The complaint asserts claims, purportedly brought on behalf of a class of shareholders, under Sections 10(b) of the Exchange Act, and Rule 10b-5 promulgated thereunder, and alleges that the Company and individual defendants made false and misleading statements to the market. In addition, the complaint asserts claims against the individual defendants, under Sections 20(a) of the Exchange Act, alleging that the individual defendants misled the public. On January 21, 2022, a related complaint was brought in the Southern District of New York, which named additional defendants. In May 2022, the securities cases were consolidated into a single matter now captioned In Re: Paysafe Ltd. Securities Litigation . The complaints seek unspecified damages and an award of costs and expenses, including reasonable attorneys’ fees, on behalf of a purported class of purchasers of our ordinary shares between December 7, 2020, and November 10, 2021. The Company intends to vigorously defend against the foregoing complaints. At this time, the Company is unable to estimate the potential loss or range of loss, if any, associated with these lawsuits, which could be material. The Company vigorously defends its position on all open cases. While the Company considers a material outflow for any one individual case unlikely, it is noted that there is uncertainty over the final timing and amount of any potential settlements. Management believes the disposition of all claims currently pending, including potential losses from claims that may exceed the liabilities recorded, and claims for loss contingencies that are considered reasonably possible to occur, will not have a material effect, either individually or in the aggregate, on the Company's consolidated financial condition, results of operations or liquidity. Financial guarantee contracts Through services offered in our Merchant Solutions segment, the Company is exposed to potential losses from merchant-related liabilities, including chargebacks. A chargeback occurs when a dispute between a cardholder and a merchant, including a claim for non-delivery of the product or service by the merchant, is not resolved in favor of the merchant and the transaction is charged back to the merchant resulting in a refund of the purchase price to the cardholder. If the Company is unable to collect this chargeback amount from the merchant due to closure, bankruptcy or other reasons, the Company bears the loss for the refund paid to the cardholder. The risk of chargebacks is typically greater for those merchants that promise future delivery of goods and services rather than delivering goods or rendering services at the time of payment. The Company has recorded an accrual for current expected credit losses on financial guarantees as of September 30, 2024 and December 31, 2023 (See Note 6). As of September 30, 2024 and December 31, 2023 , $ 5,690 and $ 12,200 , respectively, of cash held in reserve at a partner bank for certain merchant chargebacks, fees and other liabilities is presented within "Prepaid expenses and other current assets" in the consolidated statement of financial position. This reserve is restricted in use until it is replaced with a letter of credit or the related merchant agreement is terminated. During the three and nine months ended September 30, 2024 , $ 0 and $ 6,510 , respectively , was returned to the Company upon obtaining a letter of credit. These cash flows are presented as an investing activity within the consolidated statement of cash flows. Contingencies Following an internal review of the disclosures in our terms and conditions of foreign exchange rates in our Digital Wallets business for the period January 2018 to August 2022, and pursuant to discussions with our regulator that were initiated by us and concluded in September 2022, we agreed to provide payments to certain customers. The accrual was $ 2,206 as at December 31, 2023 and was fully settled to customers during the nine months ended September 30, 2024. There was no additional provision recorded for the nine months ended September 30, 2024 and the Company does not expect any additional liability or impact to our ongoing operating results in relation to this matter. Leases The Company has operating leases for offices, data centers, and corporate apartments. Leases have remaining lease terms of less than one year to ten years, some of which have the option to extend the lease term for an additional five years. Certain leases also include the option to terminate the lease within one year. We recognize lease extension and termination options that we are reasonably certain to exercise when determining the lease term used to establish our right-of-use assets and lease liabilities. During the nine months ended September 30, 2024, the Company entered into new lease agreements for office space in the United Kingdom, Bulgaria, Ireland, Canada and Austria and has recorded right of use assets of $ 21,289 and associated lease liabilities of $ 22,043 related to these agreements. As of September 30, 2024, maturities of lease liabilities on an undiscounted cash flow basis were as follows: Remainder 2024 $ 2,153 2025 9,186 2026 9,143 2027 7,742 2028 4,968 2029 and beyond 18,868 Total lease payments 52,060 Less: interest ( 9,743 ) Total lease liability $ 42,317 As of September 30, 2024 , we entered into a lease for office space in the United States with estimated future lease payments of $ 6,161 . This lease is expected to commence in the fourth quarter of 2024.

Other (expense) _ income, net

Other (expense) / income, net	9 Months Ended
	Sep. 30, 2024
Other Income and Expenses [Abstract]
Other Income, Net	14. Other (expense) / income, net A summary of the amounts recorded in Other income, net is as follows: For the three months ended September 30, For the nine months ended September 30, 2024 2023 2024 2023 Foreign exchange (loss) / gain $ ( 12,139 ) $ 4,460 $ ( 4,929 ) $ ( 244 ) Fair value loss on contingent consideration ( 96 ) ( 220 ) ( 492 ) ( 620 ) (Loss) / gain on derivative instruments (1) ( 3,186 ) 2,054 1,224 6,252 Fair value (loss) / gain on warrant liability (2) ( 59 ) 313 81 830 Gain on debt repurchases (3) 325 1,680 1,621 9,632 Other (4) 413 1,374 4,505 3,734 Other (expense) / income, net $ ( 14,742 ) $ 9,661 $ 2,010 $ 19,584 (1) In the nine months ended September 30, 2024, the Company entered into an additional derivative financial instrument arrangement to mitigate interest rate risk on its variable-rate debt (See Note 8). (2) The Company accounts for warrants as derivative liabilities. The warrants were initially recorded at fair value based on the public warrants listed trading price and are subsequently remeasured at the balance sheet date with the changes in fair value recognized in the unaudited condensed consolidated statement of comprehensive loss (See Note 12). (3) Relates to gain on repurchases of the Company's debt (See Note 7). (4) Mainly relates to the release of certain provisions, offset by banking fees.

Operating Segments

Operating Segments	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Operating Segments	15. Operating segments Operating segments are defined as components of an enterprise that engage in business activities and for which discrete financial information is available that is evaluated on a regular basis by the Chief Operating Decision Maker (“CODM”) to make decisions about how to allocate resources and assess performance. Our CODM is defined as our Chief Executive Officer (“CEO”), Chief Financial Officer (“CFO”), and Chief Operating Officer (“COO”). Our operating segments are: Merchant Solutions, which focuses on card not present and card present solutions for small to medium size business merchants; and Digital Wallets, which provides wallet based online payment solutions through our Skrill and NETELLER brands, enables consumers to use cash to facilitate online purchases through paysafecard prepaid vouchers under the paysafecard and Paysafecash brands, and also offers alternative payment platforms under the SafetyPay and PagoEfectivo brands in Latin America. These two operating segments, which are also reportable segments, as they have not been aggregated, are based on how the Company is organized, reflecting the difference in nature of the products and services they each sell. Shared costs are the cost of people and other resources consumed in activities that provide a benefit across more than one segment and are allocated to each segment and Corporate primarily based on applicable drivers including headcount, revenue and Adjusted EBITDA. The CODM evaluates performance and allocates resources based on Adjusted EBITDA of each operating segment. Adjusted EBITDA of each operating segment includes the revenues of the segment less ordinary operating expenses that are directly related to those revenues and an allocation of shared costs. Corporate overhead costs and Corporate’s allocation of shared costs are included in Corporate in the following table. Corporate overhead costs are costs consumed in the execution of corporate activities that are not directly factored into the production of any service provided by the Company’s segments. The CODM does not receive segment asset data to evaluate performance or allocate resources and therefore such information is not presented. The information below summarizes revenue and Adjusted EBITDA by segment for the three months ended September 30, 2024: Merchant Solutions Digital Wallets Corporate (1) Intersegment Total Revenue from external customers $ 235,534 $ 183,397 $ — $ — $ 418,931 Interest Revenue 639 7,533 — — 8,172 Intersegment Revenue (2) 4,969 — — ( 4,969 ) — Total Revenue $ 241,142 $ 190,930 $ — $ ( 4,969 ) $ 427,103 Adjusted EBITDA $ 52,646 $ 84,119 $ ( 18,978 ) $ — $ 117,787 The information below summarizes revenue and Adjusted EBITDA by segment for the three months ended September 30, 2023: Merchant Solutions Digital Wallets Corporate (1) Intersegment Total Revenue from external customers $ 213,106 $ 172,317 $ — $ — $ 385,423 Interest Revenue 449 10,538 — — 10,987 Intersegment Revenue (2) 3,292 — — ( 3,292 ) — Total Revenue $ 216,847 $ 182,855 $ — $ ( 3,292 ) $ 396,410 Adjusted EBITDA $ 57,467 $ 79,930 $ ( 21,321 ) $ — $ 116,076 The information below summarizes revenue and Adjusted EBITDA by segment for the nine months ended September 30, 2024: Merchant Solutions Digital Wallets Corporate (1) Intersegment Total Revenue from external customers $ 711,770 $ 546,498 $ — $ — $ 1,258,268 Interest Revenue 1,939 24,558 — — 26,497 Intersegment Revenue (2) 13,809 4 — ( 13,813 ) — Total Revenue $ 727,518 $ 571,060 $ — $ ( 13,813 ) $ 1,284,765 Adjusted EBITDA $ 158,335 $ 249,806 $ ( 59,432 ) $ — $ 348,709 The information below summarizes revenue and Adjusted EBITDA by segment for the nine months ended September 30, 2023: Merchant Solutions Digital Wallets Corporate (1) Intersegment Total Revenue from external customers $ 642,001 $ 515,976 $ — $ — $ 1,157,977 Interest Revenue 1,214 27,406 — — 28,620 Intersegment Revenue (2) 7,851 — — ( 7,851 ) — Total Revenue $ 651,066 $ 543,382 $ — $ ( 7,851 ) $ 1,186,597 Adjusted EBITDA $ 165,572 $ 236,350 $ ( 65,000 ) $ — $ 336,922 (1) Corporate consists of corporate overhead and unallocated shared costs of people and other resources consumed in activities that provide a benefit across the Company. (2) Intersegment revenue and related eliminations are primarily for processing of credit card transactions between segments. A reconciliation of total segments Adjusted EBITDA to the Company’s income before taxes is as follows: For the three months ended September 30, For the nine months ended September 30, 2024 2023 2024 2023 Segments Adjusted EBITDA $ 136,765 $ 137,397 $ 408,141 $ 401,922 Corporate costs ( 18,978 ) ( 21,321 ) ( 59,432 ) ( 65,000 ) Depreciation and amortization ( 70,088 ) ( 67,074 ) ( 207,028 ) ( 197,046 ) Share-based compensation ( 12,690 ) ( 4,938 ) ( 35,015 ) ( 23,061 ) Restructuring and other costs ( 340 ) ( 835 ) ( 1,520 ) ( 4,165 ) Impairment expense on goodwill and intangible assets ( 119 ) — ( 795 ) ( 275 ) Other (expense) / income, net ( 14,742 ) 9,661 2,010 19,584 Loss on disposal of subsidiaries and other assets, net ( 187 ) — ( 508 ) — Interest expense, net ( 35,546 ) ( 38,421 ) ( 107,646 ) ( 112,639 ) (Loss) / income before taxes $ ( 15,925 ) $ 14,469 $ ( 1,793 ) $ 19,320

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Related party transactions	16. Related party transactions The Company has provided and purchased services to and from various affiliates of certain directors or entities under common control. The dollar amounts related to these related party activities are not significant to our unaudited condensed consolidated financial statements. Intercompany balances and transactions between the Company and its subsidiaries, which are related parties, have been eliminated on consolidation and are not disclosed in this note. During 2022, the Company entered into a lease with the affiliate of one of our directors. The balance of the right of use asset and lease liability as of September 30, 2024 w as $ 2,412 and $ 2,808 , respectively. The balance of the right of use asset and lease liability as of December 31, 2023 was $ 2,867 and $ 3,327 , respectively. We have a ten-year license and risk management agreement to provide data license and risk management solution services with this affiliate.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2024 and the comparative financial information for the three and nine months ended September 30, 2023 and for the year ended December 31, 2023 include the accounts of the Company, and its subsidiaries, based upon information of Paysafe Limited. All intercompany transactions have been eliminated in consolidation. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for the fair statement of the Company’s financial position, results of operations and cash flows have been included. These unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and notes required by GAAP for annual financial statements and should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2023 on Form 20-F filed on March 20, 2024. The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reported period. Operating results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024 or any other interim period.
Disaggregation of Revenue	Disaggregation of Revenue The Company provides payment solutions through two primary lines of business: Merchant Solutions and Digital Wallets. For each primary source of revenue within these business lines, the Company’s main performance obligation is to stand ready to provide payment services to merchants and consumers. Due to the concentration of economic factors, products and services in each of the business lines, the Company has presented disaggregated revenue at the segment level (See Note 15). We do no t have any material contract balances associated with our contracts with customers as of September 30, 2024 and December 31, 2023 . The Company has elected to exclude disclosing any contracts with an original duration of one year or less and any variable consideration that meets specified criteria. The Company’s most significant performance obligations consist of variable consideration under a stand-ready series of distinct days of service, which typically represent all or almost all of the total transaction price for the related contract. The variable consideration that will be allocated to future days of service is not required to be disclosed as these days of services are wholly unsatisfied at the Company’s reporting date. The aggregate fixed consideration portion of customer contracts with an initial contract duration greater than one year is not material.
Reclassifications	Reclassifications Certain prior period amounts have been reclassified in order to conform with the current period presentation. These reclassifications have no impact on the Company’s previously reported consolidated net loss. Changes in presentation During the fourth quarter of 2023, the Company elected to change its presentation of the cash flows associated with "Settlement receivables, net" and "Funds payable and amounts due to customers" from operating activities, to present them as financing activities within its consolidated statement of cash flows. Comparative amounts have been recast to conform to current period presentation. These recasts had no impact on the consolidated statement of comprehensive loss, consolidated statement of financial position or consolidated statement of shareholders' equity. The following tables present the effects of the changes in presentation within the consolidated statement of cash flows: For the nine months ended September 30, 2023 As Previously Reported Adjustment As Adjusted Consolidated Statement of Cash Flows Cash flows from operating activities Settlement receivables, net $ 2,090 $ ( 2,090 ) $ - Funds payable and amounts due to customers ( 529,888 ) 529,888 - Net cash (used in) / provided by operating activities $ ( 355,368 ) $ 527,798 $ 172,430 Cash flows from financing activities Settlement funds - merchants and customers, net $ - $ ( 527,798 ) $ ( 527,798 ) Net cash used in financing activities $ ( 120,344 ) $ ( 527,798 ) $ ( 648,142 )
Significant accounting policies	Significant Accounting Policies There have been no material changes in our significant accounting policies during the three and nine months ended September 30, 2024. A detailed discussion of our significant accounting policies is included within the audited consolidated financial statements for the year ended December 31, 2023 on Form 20-F filed on March 20, 2024.
Recently Adopted Accounting Pronouncements	Accounting Pronouncements not yet Adopted Segment Reporting In November 2023, the FASB issued ASU 2023-07, which amends Segment reporting (Topic 280). This update enhances reportable segment disclosure requirements, primarily by requiring disclosure of the significant segment expenses for each reportable segment that are regularly provided to the Chief Operating Decision Maker, and aligning the segment reporting disclosure requirements in interim and annual reporting periods. This update is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company expects to adopt this guidance in our December 31, 2024 annual financial statements and this guidance is not expected to have a material impact on the Company’s consolidated financial statements. Crypto Assets In December 2023, the FASB issued ASU 2023-08, Intangibles – Goodwill and Other – Crypto assets. This update provides guidance on the accounting for and disclosure of crypto assets by requiring that crypto assets that meet criteria defined by the ASU to 1) be measured at fair value separately from other intangible assets in the statement of financial position, 2) to present remeasurement separately from other changes in other intangible assets in the statement of comprehensive income / (loss), and 3) to enhance disclosure requirements related to the crypto assets, including providing roll-forward information of crypto asset holdings. This update is effective for fiscal years beginning after December 15, 2024, including interim periods within those fiscal years, with early adoption permitted. The Company purchases cryptocurrency assets on behalf of its customers. All the risks and rewards associated with those assets are transferred to the customer at the time of purchase and the Company has no ability to control these assets and no requirement to safeguard these assets. As a result, the Company does not recognize either the cryptocurrency asset or liability to the customer on its balance sheet. The Company expects to adopt ASU 2023-08 on January 1, 2025 which is not expected to have a material impact on the Company’s consolidated financial statements. Income Taxes In December 2023, the FASB issued ASU 2023-09, which amends Income taxes (Topic 270). This update enhances income tax disclosure requirements, primarily by requiring public companies to provide disclosures regarding the statutory tax rate and effective tax rate in tabular format with specific categories identified, and to provide additional disclosures for reconciling items that meet quantitative thresholds. This update is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company expects to adopt this guidance on January 1, 2025 which is not expected to have a material impact on the Company’s consolidated financial statements. Disaggregation of Income Statement Expenses In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40). This update requires public companies to expand disclosures about specific expense categories in the notes to the financial statements, including inventory, employee compensation, depreciation, and intangible asset amortization, among others. This update is effective for annual periods beginning after December 15, 2026 and for interim reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is evaluating the impact of the adoption of this update on the consolidated financial statements.

Basis of presentation and sum_3

Basis of presentation and summary of significant accounting policies (Tables)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Schedule of changes in presentation of consolidated statements of cash flows	The following tables present the effects of the changes in presentation within the consolidated statement of cash flows: For the nine months ended September 30, 2023 As Previously Reported Adjustment As Adjusted Consolidated Statement of Cash Flows Cash flows from operating activities Settlement receivables, net $ 2,090 $ ( 2,090 ) $ - Funds payable and amounts due to customers ( 529,888 ) 529,888 - Net cash (used in) / provided by operating activities $ ( 355,368 ) $ 527,798 $ 172,430 Cash flows from financing activities Settlement funds - merchants and customers, net $ - $ ( 527,798 ) $ ( 527,798 ) Net cash used in financing activities $ ( 120,344 ) $ ( 527,798 ) $ ( 648,142 )

Net loss per share (Tables)

Net loss per share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Loss per Share	For the three and nine months ended September 30, 2024 and 2023, we excluded all potentially dilutive restricted stock units, stock options and warrants in calculating diluted net loss per share as the effect was antidilutive (See Notes 10 and 12). For the three months ended September 30, For the nine months ended September 30, 2024 2023 2024 2023 Numerator Net loss - basic $ ( 12,977 ) $ ( 2,549 ) $ ( 11,351 ) $ ( 8,122 ) Net loss - diluted $ ( 12,977 ) $ ( 2,549 ) $ ( 11,351 ) $ ( 8,122 ) Denominator Weighted average shares – basic 60,748,810 61,623,820 61,023,855 61,349,985 Weighted average shares – diluted 60,748,810 61,623,820 61,023,855 61,349,985 Net loss per share Basic $ ( 0.21 ) $ ( 0.04 ) $ ( 0.19 ) $ ( 0.13 ) Diluted $ ( 0.21 ) $ ( 0.04 ) $ ( 0.19 ) $ ( 0.13 )

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill [Abstract]
Schedule of Changes in Carrying Amount of Goodwill	Changes in the carrying amount of goodwill are as follows: Merchant Solutions (1) Digital Wallets (2) Total Balance as of December 31, 2023 $ 637,446 $ 1,385,956 $ 2,023,402 Foreign exchange — 6,546 6,546 Balance as of September 30, 2024 $ 637,446 $ 1,392,502 $ 2,029,948 (1) Accumulated impairment loss was $ 1,159,145 as of September 30, 2024 and December 31, 2023 within the Merchant Solutions segment. (2) Accumulated impairment loss was $ 723,042 as of September 30, 2024 and December 31, 2023 within the Digital Wallets segment.

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	The Company’s intangible assets consisted of the following: September 30, 2024 December 31, 2023 Brands $ 169,341 $ 168,508 Software development costs 945,178 880,764 Customer relationships 1,551,967 1,541,507 Computer software 38,595 39,311 Gross carrying value $ 2,705,081 $ 2,630,090 Brands 114,064 101,197 Software development costs 661,742 578,383 Customer relationships 858,201 756,463 Computer software 32,137 30,112 Accumulated amortization $ 1,666,144 $ 1,466,155 Intangible assets, net $ 1,038,937 $ 1,163,935

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2024
Credit Loss [Abstract]
Summary of Expected Credit Allowance Activity	The following table summarizes the expected credit allowance activity for settlement receivables, net, accounts receivable, net, and financial guarantee contracts and other, for the nine months ended September 30, 2024: Accounts Settlement (2) Financial Total Balance as of December 31, 2023 $ 5,240 $ 5,197 $ 11,650 $ 22,087 Credit loss expense 19,385 1,996 2,306 23,687 Recoveries 2,848 2,146 - 4,994 Write-Offs ( 20,829 ) ( 4,445 ) ( 3,197 ) ( 28,471 ) Other (1) 29 ( 233 ) 12 ( 192 ) Balance as of September 30, 2024 $ 6,673 $ 4,661 $ 10,771 $ 22,105 (1) Other mainly relates to the impact of foreign exchange. (2) Recoveries / (losses) from freestanding credit enhancements related to Settlement receivables, net, were $ 177 and ($ 160 ) for the three and nine months ended September 30, 2024 , respectively, and $ 401 and ($ 276 ) for the three and nine months ended September 30, 2023 , respectively. Recoveries from freestanding credit enhancements related to Settlement receivables, net are recorded separately from expected credit losses in "Selling, general and administrative" in the unaudited condensed consolidated statement of comprehensive loss.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The key terms of these facilities were as follows: Facility Currency Interest Rate (1) Effective Interest Rate (2) Facility Principal Principal Term Loan Facility (USD) (3) USD USD SOFR (6) + 0.11% (4) + 2.75% 7.3 % Jun-28 $ 846,421 $ 846,421 Term Loan Facility (EUR) (5) EUR EURIBOR + 3.00% (0% floor) 5.7 % Jun-28 607,644 676,589 Secured Loan Notes (EUR) EUR 3.00% 3.2 % Jun-29 421,362 469,170 Secured Loan Notes (USD) USD 4.00% 4.2 % Jun-29 337,206 337,206 Revolving Credit Facility (USD) USD BASE + 0.10% (4) + 2.25% 7.4 % Dec-27 56,000 56,000 Revolving Credit Facility (EUR) EUR BASE + 2.25% (0% floor) 5.8 % Dec-27 20,000 22,269 Line of Credit USD Term SOFR (6) + 2.70% 8.0 % Jul-27 50,000 50,000 Total Principal Outstanding $ 2,457,655 (1) For facilities which utilize the EURIBOR and SOFR rates, a rate floor of 0 % and 0.5 % applies, respectively . (2) The effective interest rate is as of September 30, 2024. (3) Represents Term Loan Facility (USD) and USD Incremental Term Loan as defined under the current facilities . (4) Represents a credit spread adjustment to reflect the historical difference between LIBOR and SOFR. (5) Represent Term Loan Facility (EUR) and EUR Incremental Term Loan as defined under the current facilities . (6) The Term Secured Overnight Financing Rate ("Term SOFR") is the forward-looking term rate based on the SOFR. The Term SOFR is administered by the CME Group Benchmark Association Limited .
Schedule of Long-Term Debt	September 30, 2024 December 31, 2023 Principal Outstanding $ 2,457,655 $ 2,519,857 Unamortized debt issuance cost ( 26,237 ) ( 18,024 ) Total 2,431,418 2,501,833 Short-term debt 10,190 10,190 Non-current debt $ 2,421,228 $ 2,491,643
Schedule of Maturities of Non Current Debt	Maturity requirements on debt as of September 30, 2024 by year are as follows: Remainder 2024 $ 2,547 2025 10,190 2026 10,190 2027 138,459 2028 1,489,893 2029 and thereafter 806,376 Total $ 2,457,655

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Assets	The following table summarized the notional amount at inception and fair value of these instruments recognized as "Derivative financial assets" or "Derivative financial liabilities" in the unaudited condensed consolidated statement of financial position: Derivative financial instrument Fixed rate Notional amount Index Effective date Maturity Date Fair value of asset / (liability) as at Fair value of asset as at Interest rate swap 2.1 % $ 245,811 USD-1 month SOFR March 31, 2022 March 31, 2026 $ 4,794 $ 10,427 Forward starting interest rate swap 3.3 % $ 110,047 USD-1 month SOFR March 31, 2026 December 31, 2027 $ ( 377 ) $ -

Contingent consideration paya_2

Contingent consideration payable (Tables)	9 Months Ended
	Sep. 30, 2024
Contingent And Deferred Consideration Payable [Abstract]
Schedule of Contingent Consideration Payable	Contingent consideration payable is comprised of the following balances: Balance as of December 31, 2023 $ 18,706 Payments made during the period ( 8,949 ) Additions in the period — Fair value loss and other 452 Balance as of September 30, 2024 $ 10,209 Current $ 9,884 Non-current $ 325

Share-based Compensation (Table

Share-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Restricted Stock Unit Activity	The following table summarizes restricted stock unit activity during the nine months ended September 30, 2024: Restricted Stock Units Weighted average grant date fair value Nonvested as of December 31, 2023 2,860,058 $ 27.43 Granted (1) 2,676,262 16.00 Vested (2) ( 1,129,877 ) 29.71 Forfeited ( 477,183 ) 19.23 Performance adjustments (3) ( 11,942 ) - Nonvested as of September 30, 2024 3,917,318 $ 18.30 (1) Represents RSUs and PRSUs granted based on performance target achievement of 100 % . (2) Represents the total number of shares vested during the period. Common shares issued, as presented within the unaudited condensed consolidated statement of shareholders' equity, are net of shares withheld for taxes. The total grant date fair value of units vested was $33,551. (3) Represents the adjustment to the number of PRSUs based on actual performance compared to target.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Hierarchy of Financial Instruments	The fair value hierarchy of financial instruments measured at fair value as of September 30, 2024 is provided below. Level 1 Level 2 Level 3 Financial assets measured at fair value: Derivative financial assets - 4,794 - $ - $ 4,794 $ - Financial liabilities measured at fair value: Contingent consideration payable - - 10,209 Derivative financial liabilities - 377 - Warrant liabilities (1) 1,342 - - Liability for share-based compensation (2) - - 8,814 $ 1,342 $ 377 $ 19,023 The fair value hierarchy of financial instruments measured at fair value as of December 31, 2023 is provided below. Level 1 Level 2 Level 3 Financial assets measured at fair value: Derivative financial asset - 10,427 - $ - $ 10,427 $ - Financial liabilities measured at fair value: Contingent consideration payable - - 18,706 Warrant liabilities (1) 1,423 - - Liability for share-based compensation (2) - - 5,809 $ 1,423 $ - $ 24,515 (1) The Wa rrants represent the right to purchase one share of the Company’s common shares at a price of $ 138.0 per share. The Warrants became exercisable on August 21, 2021 and will expire on the fifth anniversary of the Transaction, or upon an earlier redemption. As of September 30, 2024 and December 31, 20 23, 53,900,329 warrants were ou tstanding, all of which were considered public warrants. As of December 31, 2023, the liability for share-based compensation relates to the share-based compensation awards modified in connection with the Transaction and as of September 30, 2024 , the liability also includes certain performance awards to be issued in a variable number of shares (Note 10).
Schedule of Fair Value Measurement Inputs and Valuation Techniques	The valuation techniques and significant unobservable inputs used in determining the fair value measurement of Level 3 financial instruments are set out in the table below. Financial instrument Valuation technique used Significant unobservable inputs Contingent consideration payable Discounted cashflow Discount rate of 4.4 % Liability for share-based compensation Market and income approach Discount rate of 16.5 %

Commitments, Contingencies an_2

Commitments, Contingencies and Guarantees (Tables)	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Maturities of Lease Liabilities	As of September 30, 2024, maturities of lease liabilities on an undiscounted cash flow basis were as follows: Remainder 2024 $ 2,153 2025 9,186 2026 9,143 2027 7,742 2028 4,968 2029 and beyond 18,868 Total lease payments 52,060 Less: interest ( 9,743 ) Total lease liability $ 42,317

Other (expense) _ income, net (

Other (expense) / income, net (Tables)	9 Months Ended
	Sep. 30, 2024
Other Income and Expenses [Abstract]
Schedule of Summary of Other Income, Net	A summary of the amounts recorded in Other income, net is as follows: For the three months ended September 30, For the nine months ended September 30, 2024 2023 2024 2023 Foreign exchange (loss) / gain $ ( 12,139 ) $ 4,460 $ ( 4,929 ) $ ( 244 ) Fair value loss on contingent consideration ( 96 ) ( 220 ) ( 492 ) ( 620 ) (Loss) / gain on derivative instruments (1) ( 3,186 ) 2,054 1,224 6,252 Fair value (loss) / gain on warrant liability (2) ( 59 ) 313 81 830 Gain on debt repurchases (3) 325 1,680 1,621 9,632 Other (4) 413 1,374 4,505 3,734 Other (expense) / income, net $ ( 14,742 ) $ 9,661 $ 2,010 $ 19,584 (1) In the nine months ended September 30, 2024, the Company entered into an additional derivative financial instrument arrangement to mitigate interest rate risk on its variable-rate debt (See Note 8). (2) The Company accounts for warrants as derivative liabilities. The warrants were initially recorded at fair value based on the public warrants listed trading price and are subsequently remeasured at the balance sheet date with the changes in fair value recognized in the unaudited condensed consolidated statement of comprehensive loss (See Note 12). (3) Relates to gain on repurchases of the Company's debt (See Note 7). (4) Mainly relates to the release of certain provisions, offset by banking fees.

Operating Segments (Tables)

Operating Segments (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The information below summarizes revenue and Adjusted EBITDA by segment for the three months ended September 30, 2024: Merchant Solutions Digital Wallets Corporate (1) Intersegment Total Revenue from external customers $ 235,534 $ 183,397 $ — $ — $ 418,931 Interest Revenue 639 7,533 — — 8,172 Intersegment Revenue (2) 4,969 — — ( 4,969 ) — Total Revenue $ 241,142 $ 190,930 $ — $ ( 4,969 ) $ 427,103 Adjusted EBITDA $ 52,646 $ 84,119 $ ( 18,978 ) $ — $ 117,787 The information below summarizes revenue and Adjusted EBITDA by segment for the three months ended September 30, 2023: Merchant Solutions Digital Wallets Corporate (1) Intersegment Total Revenue from external customers $ 213,106 $ 172,317 $ — $ — $ 385,423 Interest Revenue 449 10,538 — — 10,987 Intersegment Revenue (2) 3,292 — — ( 3,292 ) — Total Revenue $ 216,847 $ 182,855 $ — $ ( 3,292 ) $ 396,410 Adjusted EBITDA $ 57,467 $ 79,930 $ ( 21,321 ) $ — $ 116,076 The information below summarizes revenue and Adjusted EBITDA by segment for the nine months ended September 30, 2024: Merchant Solutions Digital Wallets Corporate (1) Intersegment Total Revenue from external customers $ 711,770 $ 546,498 $ — $ — $ 1,258,268 Interest Revenue 1,939 24,558 — — 26,497 Intersegment Revenue (2) 13,809 4 — ( 13,813 ) — Total Revenue $ 727,518 $ 571,060 $ — $ ( 13,813 ) $ 1,284,765 Adjusted EBITDA $ 158,335 $ 249,806 $ ( 59,432 ) $ — $ 348,709 The information below summarizes revenue and Adjusted EBITDA by segment for the nine months ended September 30, 2023: Merchant Solutions Digital Wallets Corporate (1) Intersegment Total Revenue from external customers $ 642,001 $ 515,976 $ — $ — $ 1,157,977 Interest Revenue 1,214 27,406 — — 28,620 Intersegment Revenue (2) 7,851 — — ( 7,851 ) — Total Revenue $ 651,066 $ 543,382 $ — $ ( 7,851 ) $ 1,186,597 Adjusted EBITDA $ 165,572 $ 236,350 $ ( 65,000 ) $ — $ 336,922 (1) Corporate consists of corporate overhead and unallocated shared costs of people and other resources consumed in activities that provide a benefit across the Company. (2) Intersegment revenue and related eliminations are primarily for processing of credit card transactions between segments.
Reconciliation Of Adjusted EBITDA From Segments	A reconciliation of total segments Adjusted EBITDA to the Company’s income before taxes is as follows: For the three months ended September 30, For the nine months ended September 30, 2024 2023 2024 2023 Segments Adjusted EBITDA $ 136,765 $ 137,397 $ 408,141 $ 401,922 Corporate costs ( 18,978 ) ( 21,321 ) ( 59,432 ) ( 65,000 ) Depreciation and amortization ( 70,088 ) ( 67,074 ) ( 207,028 ) ( 197,046 ) Share-based compensation ( 12,690 ) ( 4,938 ) ( 35,015 ) ( 23,061 ) Restructuring and other costs ( 340 ) ( 835 ) ( 1,520 ) ( 4,165 ) Impairment expense on goodwill and intangible assets ( 119 ) — ( 795 ) ( 275 ) Other (expense) / income, net ( 14,742 ) 9,661 2,010 19,584 Loss on disposal of subsidiaries and other assets, net ( 187 ) — ( 508 ) — Interest expense, net ( 35,546 ) ( 38,421 ) ( 107,646 ) ( 112,639 ) (Loss) / income before taxes $ ( 15,925 ) $ 14,469 $ ( 1,793 ) $ 19,320

Basis of presentation and sum_4

Basis of presentation and summary of significant accounting policies - Schedule of changes in presentation of consolidated statement of cash flow (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net cash flows provided by operating activities	$ 194,909	$ 172,430
Cash flows from financing activities
Net cash provided by financing activities	$ (331,923)	(648,142)
As Previously Reported [Member]
Cash flows from operating activities
Settlement receivables, net		2,090
Funds payable and amounts due to customers		(529,888)
Net cash flows provided by operating activities		(355,368)
Cash flows from financing activities
Settlement funds - merchants and customers, net		0
Net cash provided by financing activities		(120,344)
Adjustment [Member]
Cash flows from operating activities
Settlement receivables, net		(2,090)
Funds payable and amounts due to customers		529,888
Net cash flows provided by operating activities		527,798
Cash flows from financing activities
Settlement funds - merchants and customers, net		(527,798)
Net cash provided by financing activities		(527,798)
As Adjusted [Member]
Cash flows from operating activities
Settlement receivables, net		0
Funds payable and amounts due to customers		0
Net cash flows provided by operating activities		172,430
Cash flows from financing activities
Settlement funds - merchants and customers, net		(527,798)
Net cash provided by financing activities		$ (648,142)

Basis of Presentation and Sum_5

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended	12 Months Ended
	Nov. 13, 2024	Sep. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Date of incorporation	Nov. 23, 2020
Contract balance			$ 0	$ 0
Material changes		$ 0	$ 0

Net loss per share - Schedule o

Net loss per share - Schedule of Basic and Diluted Net Loss per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator
Net income / (loss) attributable to the Company - basic	$ (12,977)	$ (2,549)	$ (11,351)	$ (8,122)
Net income / (loss) attributable to the Company - diluted	$ (12,977)	$ (2,549)	$ (11,351)	$ (8,122)
Denominator
Weighted average shares – basic	60,748,810	61,623,820	61,023,855	61,349,985
Weighted average shares – diluted	60,748,810	61,623,820	61,023,855	61,349,985
Net income / (loss) per share attributable to the Company
Basic	$ (0.21)	$ (0.04)	$ (0.19)	$ (0.13)
Diluted	$ (0.21)	$ (0.04)	$ (0.19)	$ (0.13)

Net loss per share - Company s

Net loss per share - Company s basic and diluted net loss per share attributable to the Company (Parenthetical) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted average shares – diluted	60,748,810	61,623,820	61,023,855	61,349,985

Taxation - Additional Informati

Taxation - Additional Information (Details)		3 Months Ended		9 Months Ended
	Dec. 12, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Operating Loss Carryforwards [Line Items]
Effective tax rate		18.50%	117.60%	533.10%	142%
United Kingdom
Operating Loss Carryforwards [Line Items]
Effective income tax rate reconciliation nondeductible expense share-based payment arrangement		25%		25%
U.K. statutory rate		25%		25%
European Union
Operating Loss Carryforwards [Line Items]
Global minimum tax rate	15%

Goodwill - Schedule of Changes

Goodwill - Schedule of Changes in Carrying Amount of Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Goodwill [Line Items]
Beginning balance	$ 2,023,402
Foreign exchange	6,546
Ending balance	2,029,948
Merchant Solutions [Member]
Goodwill [Line Items]
Beginning balance	637,446	[1]
Ending balance	637,446	[1]
Digital Wallet Segments [Member]
Goodwill [Line Items]
Beginning balance	1,385,956	[2]
Foreign exchange	6,546	[2]
Ending balance	$ 1,392,502	[2]
[1] Accumulated impairment loss was $ 1,159,145 as of September 30, 2024 and December 31, 2023 within the Merchant Solutions segment. Accumulated impairment loss was $ 723,042 as of September 30, 2024 and December 31, 2023 within the Digital Wallets segment.

Goodwill - Schedule of Change_2

Goodwill - Schedule of Changes in Carrying Amount of Goodwill (Parenthetical) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Merchant Solutions [Member]
Goodwill [Line Items]
Goodwill, Impaired, Accumulated Impairment Loss	$ 1,159,145	$ 1,159,145
Digital Wallet Segments [Member]
Goodwill [Line Items]
Goodwill, Impaired, Accumulated Impairment Loss	$ 723,042	$ 723,042

Goodwill - Additional Informati

Goodwill - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Goodwill [Line Items]
Goodwill impairment	$ 0	$ 0
New Date of Annual Goodwill Impairment Test		October 1st

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Finite Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 2,705,081	$ 2,630,090
Accumulated amortization of intangible assets	1,666,144	1,466,155
Finite-Lived Intangible Assets, Net, Total	1,038,937	1,163,935
Brands [Member]
Finite Lived Intangible Assets [Line Items]
Intangible assets, gross	169,341	168,508
Accumulated amortization of intangible assets	114,064	101,197
Software development costs [Member]
Finite Lived Intangible Assets [Line Items]
Intangible assets, gross	945,178	880,764
Accumulated amortization of intangible assets	661,742	578,383
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Intangible assets, gross	1,551,967	1,541,507
Accumulated amortization of intangible assets	858,201	756,463
Computer Software [Member]
Finite Lived Intangible Assets [Line Items]
Intangible assets, gross	38,595	39,311
Accumulated amortization of intangible assets	$ 32,137	$ 30,112

Intangible Assets - Additional

Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense on intangible assets	$ 67,991	$ 65,294	$ 201,156	$ 192,451
Loss On Intangible Of Impairment	$ 119	$ 0	$ 795	$ 275

Allowance for Credit Losses - A

Allowance for Credit Losses - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable Allowance For Credit Losses [Line Items]
Credit Loss Write Off	$ 8,446	$ 5,320	$ 28,471	$ 20,489
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for credit losses increase (decrease)	$ 8,961	$ 5,017	$ 23,687	$ 13,581

Allowance for Credit Losses - S

Allowance for Credit Losses - Summary of Expected Credit Allowance Activity (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	$ 22,087
Credit loss expense	23,687
Recoveries	4,994
Write-Offs	(28,471)
Other	(192)	[1]
Ending balance	22,105
Accounts Receivable, Net
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	5,240
Credit loss expense	19,385
Recoveries	2,848
Write-Offs	(20,829)
Other	29	[1]
Ending balance	6,673
Settlement Receivables, Net
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	5,197	[2]
Credit loss expense	1,996	[2]
Recoveries	2,146	[2]
Write-Offs	(4,445)	[2]
Other	(233)	[1],[2]
Ending balance	4,661	[2]
Financial Guarantee Contracts and Other
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	11,650
Credit loss expense	2,306
Recoveries	0
Write-Offs	(3,197)
Other	12	[1]
Ending balance	$ 10,771
[1] Other mainly relates to the impact of foreign exchange. Recoveries / (losses) from freestanding credit enhancements related to Settlement receivables, net, were $ 177 and ($ 160 ) for the three and nine months ended September 30, 2024 , respectively, and $ 401 and ($ 276 ) for the three and nine months ended September 30, 2023 , respectively. Recoveries from freestanding credit enhancements related to Settlement receivables, net are recorded separately from expected credit losses in "Selling, general and administrative" in the unaudited condensed consolidated statement of comprehensive loss.

Allowance for Credit Losses -_2

Allowance for Credit Losses - Summary of Expected Credit Allowance Activity (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Credit Loss [Abstract]
Recoveries (Losses) From Freestanding Credit Enhacements	$ 177	$ 401	$ (160)	$ (276)

Debt - Additional Information (

Debt - Additional Information (Details) € in Thousands, $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
		Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Sep. 30, 2024 EUR (€)
Debt Instrument [Line Items]
Term loan		$ 628,000		$ 628,000			€ 435,000
Line of credit		50,000		50,000		$ 75,000
Amortization of deferred debt issuance cost		35,546	$ 38,421	107,646	$ 112,639
Gain on debt repurchases	[1]	325	1,680	1,621	9,632
Line of Credit [Member]
Debt Instrument [Line Items]
Line of credit		75,000		$ 75,000
Credit facility utilization rate for debt covenants, percentage				40%
Secured Notes [Member]
Debt Instrument [Line Items]
Debt instrument issued		400,000		$ 400,000			435,000
Secured Loan Notes (Member)
Debt Instrument [Line Items]
Debt instrument, repurchase amount		8,375	24,837	8,375	24,837
Secured Debt Repurchase		3,375	0	3,375	0
First Lien Term Loan
Debt Instrument [Line Items]
Aggregate debt amount, borrowed		1,018,000		1,018,000			710,000
Term Loan Facility [Member]
Debt Instrument [Line Items]
Debt instrument, principal payment		2,547	2,547	7,642	7,642
Line of credit facility, amount outstanding				78,269		35,640
Term Loan Facility [Member] | Secured Loan Notes (Member)
Debt Instrument [Line Items]
Future repurchases face value		4,858		4,858
Gain on debt repurchases		325	1,680	1,621	9,632
Future Repurchase Amount		4,834		4,834
Senior Secure Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility available balance		305,000		305,000
USD Incremental Term Loan [Member]
Debt Instrument [Line Items]
Term loan		390,000		390,000
EUR Incremental Term Loan [Member]
Debt Instrument [Line Items]
Term loan | €							€ 275,000
New Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Letter of credit		147,548		$ 147,548		$ 135,413
Credit facility utilization rate for debt covenants, percentage				40%
First lien debt ratio, description				First Lien Debt Ratio is not permitted to exceed 7.5 to 1.0.
New Term Loan Facility [Member]
Debt Instrument [Line Items]
Debt instrument, repurchase amount		73,499	109,139	$ 73,499	109,139
Secured Debt Repurchase		$ 9,275	$ 42,389	$ 9,275	$ 42,389
[1] Relates to gain on repurchases of the Company's debt (See Note 7).

Debt - Schedule of Long-term De

Debt - Schedule of Long-term Debt Instruments (Details) € in Thousands, $ in Thousands		9 Months Ended
		Sep. 30, 2024 USD ($)	Sep. 30, 2024 EUR (€)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Principal Outstanding		$ 2,457,655		$ 2,519,857
Term loan facility USD [Member] | USD | Facility maturity date June 28
Debt Instrument [Line Items]
Interest rate	[1],[2],[3],[4]	USD SOFR (6) + 0.11%(4) + 2.75% (0.5% floor)
Effective Interest Rate	[2],[5]	7.30%
Facility maturity date	[2]	--06-28
Principal Outstanding	[2]	$ 846,421
Term Loan Facility EUR [Member] | EUR | Facility maturity date June 28
Debt Instrument [Line Items]
Interest rate	[1],[6]	EURIBOR + 3.00% (0% floor)
Effective Interest Rate	[5],[6]	5.70%
Facility maturity date	[6]	--06-28
Principal Outstanding	[6]	$ 676,589	€ 607,644
Secured Loan Notes E U R | EUR | Facility maturity date June 29
Debt Instrument [Line Items]
Interest rate	[1]	3.00%
Effective Interest Rate	[5]	3.20%
Facility maturity date		--06-29
Principal Outstanding		$ 469,170	421,362
Secured Loan Notes U S D | USD | Facility maturity date June 29
Debt Instrument [Line Items]
Interest rate	[1]	4.00%
Effective Interest Rate	[5]	4.20%
Facility maturity date		--06-29
Principal Outstanding		$ 337,206
Revolving Credit Facility (USD) [Member] | USD | Facility maturity date December 27
Debt Instrument [Line Items]
Interest rate	[1],[3]	BASE + 0.10%(4) + 2.25% (0% floor)
Effective Interest Rate	[5]	7.40%
Facility maturity date		--12-27
Principal Outstanding		$ 56,000
Revolving Credit Facility (EUR) [Member] | EUR | Facility maturity date December 27
Debt Instrument [Line Items]
Interest rate	[1]	BASE + 2.25% (0% floor)
Effective Interest Rate	[5]	5.80%
Facility maturity date		--12-27
Principal Outstanding		$ 22,269	€ 20,000
Line of Credit [Member] | USD | Facility maturity date June 25
Debt Instrument [Line Items]
Interest rate	[1],[4]	Term SOFR (6) + 2.70%
Effective Interest Rate	[5]	8%
Facility maturity date		--07-27
Principal Outstanding		$ 50,000
[1] For facilities which utilize the EURIBOR and SOFR rates, a rate floor of 0 % and 0.5 % applies, respectively Represents Term Loan Facility (USD) and USD Incremental Term Loan as defined under the current facilities Represents a credit spread adjustment to reflect the historical difference between LIBOR and SOFR. The Term Secured Overnight Financing Rate ("Term SOFR") is the forward-looking term rate based on the SOFR. The Term SOFR is administered by the CME Group Benchmark Association Limited The effective interest rate is as of September 30, 2024. Represent Term Loan Facility (EUR) and EUR Incremental Term Loan as defined under the current facilities

Debt - Schedule of Long-term _2

Debt - Schedule of Long-term Debt Instruments (Parenthetical) (Details)	Sep. 30, 2024
Euribor Future
Debt Instrument [Line Items]
Facilities interest rate	0%
SOFR [Member]
Debt Instrument [Line Items]
Facilities interest rate	0.50%

Debt - Schedule of Long-Term _3

Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Principal Outstanding	$ 2,457,655	$ 2,519,857
Unamortized debt issuance cost	(26,237)	(18,024)
Total	2,431,418	2,501,833
Short-term debt	10,190	10,190
Non-current debt	$ 2,421,228	$ 2,491,643

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Long-Term Debt, Rolling Maturity [Abstract]
Remainder 2024	$ 2,547
2025	10,190
2026	10,190
2027	138,459
2028	1,489,893
2029 and thereafter	806,376
Total	$ 2,457,655	$ 2,519,857

Derivative Instruments - Schedu

Derivative Instruments - Schedule of Derivative Financial Assets (Details) - USD-1 month SOFR - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Interest Rate Swap
Derivatives, Fair Value [Line Items]
Derivative Notional Amount	$ 245,811
Derivative, Fixed rate	2.10%
Derivative, Maturity Date	Mar. 31, 2026
Derivative, Effective date	Mar. 31, 2022
Derivative, Fair Value	$ 4,794	$ 10,427
Forward Starting Interest Rate Swap
Derivatives, Fair Value [Line Items]
Derivative Notional Amount	$ 110,047
Derivative, Fixed rate	3.30%
Derivative, Maturity Date	Dec. 31, 2027
Derivative, Effective date	Mar. 31, 2026
Derivative, Fair Value	$ (377)	$ 0

Derivative instruments - Additi

Derivative instruments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Fair value gain (loss) on derivative instruments	$ (3,186)	$ 2,054	$ 1,224	$ 6,252
Cash Payment Of Fair Value Remeasurement	2,285	2,736	7,234	7,520
Gain (loss) on derivative instruments	$ (5,471)	$ (682)	$ 6,010	$ 1,268

Contingent consideration paya_3

Contingent consideration payable - Schedule of Contingent Consideration Payable (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Contingent And Deferred Consideration Payable [Abstract]
Balance as of December 31, 2023	$ 18,706
Payments made during the period	(8,949)
Additions in the period	0
Fair value loss and other	452
Balance as of September 30, 2024	10,209
Current	9,884
Non-current	$ 325

Contingent consideration paya_4

Contingent consideration payable - Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Contingent And Deferred Consideration Payable [Line Items]
Contingent Consideration Paid	$ 8,949	$ 9,210

Share-based Compensation - Addi

Share-based Compensation - Additional information (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($) shares	Sep. 30, 2023 USD ($) shares	Sep. 30, 2024 USD ($) Plan shares	Sep. 30, 2023 USD ($) shares	Dec. 31, 2021	Dec. 31, 2023 USD ($) shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of share-based employee compensation plans | Plan			2
Conversion of liability award to equity | $			$ 1,842
Liability Increased | $			564
Share-based compensation, unrecognized | $	$ 50,830		50,830
Liability for share-based compensation - current | $	4,531		4,531			$ 5,809
Share-based compensation | $	$ 12,690	$ 4,938	$ 35,015	$ 23,061
Common Stock, Shares Authorized | shares	1,600,000,000		1,600,000,000			1,600,000,000
Preferred stock, shares authorized | shares	233,333,333		233,333,333
Stock options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant | shares	0	0	0	0
Short Term Incentive Program (Member)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation | $	$ 2,589		$ 4,283
2021 Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares authorized | shares	15,209,712		15,209,712
Number of additional shares authorized | shares			4,628,958
Conversion of liability award to equity | $			$ 6,276
2021 Plan | Stock options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted average period compensation is expected			3 years
Contractual Life			10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant | shares	166,666		166,666
Shares Exercisable | shares	111,108		111,108
Employee Share Purchase Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Granted Stock Percentage			25%
Twenty Eighteen And Twenty Twenty One Plan Member
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation | $	$ 12,690	$ 4,938	$ 35,015	$ 23,061
Minimum | 2021 Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Internal performance targets					0%
Award Vesting Period					1 year
Maximum | 2021 Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Internal performance targets					200%
Award Vesting Period			3 years		3 years
Maximum | Employee Share Purchase Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common Stock, Shares Authorized | shares	2,083,333		2,083,333

Share-based Compensation - Summ

Share-based Compensation - Summary of Restricted Stock Unit Activity (Details) - 2021 Plan - Restricted Stock Units (RSUs)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Ordinary shares, Nonvested Beginning Balance | shares	2,860,058
Ordinary shares, Granted | shares	2,676,262	[1]
Ordinary shares, Vested | shares	(1,129,877)	[2]
Ordinary shares, Forfeited | shares	(477,183)
Restricted Stock Units, Performance adjustments | shares	(11,942)	[3]
Ordinary shares, Nonvested Ending Balance | shares	3,917,318
Weighted Average Grant Date Fair Value, Outstanding Beginning Balance | $ / shares	$ 27.43
Weighted Average Grant Date Fair Value, Granted | $ / shares	16	[1]
Weighted Average Grant Date Fair Value, Vested | $ / shares	29.71	[2]
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	19.23
Weighted Average Grant Date Fair Value, Performance adjustment | $ / shares	0	[3]
Weighted Average Grant Date Fair Value, Outstanding Ending balance | $ / shares	$ 18.3
[1] Represents RSUs and PRSUs granted based on performance target achievement of 100 % Represents the total number of shares vested during the period. Common shares issued, as presented within the unaudited condensed consolidated statement of shareholders' equity, are net of shares withheld for taxes. The total grant date fair value of units vested was $33,551. Represents the adjustment to the number of PRSUs based on actual performance compared to target.

Share-based Compensation - Su_2

Share-based Compensation - Summary of Restricted Stock Unit Activity ( Parenthetical) (Details)	9 Months Ended
	Sep. 30, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Performance target achievement percentage	100%

Share Repurchase Program (Addit

Share Repurchase Program (Additional Information) (Details) - Share Repurchase Program [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Nov. 30, 2023
Equity, Class of Treasury Stock [Line Items]
Repurchase common shares authorized value			$ 50,000
Treasury Stock, Shares Repurchased	0	1,675,815
Treasury Stock, Shares Repurchased Value		$ 25,000
Average Price Per Treasury Shares		$ 14.92
Available for future repurchases value	$ 25,000	$ 25,000

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value Hierarchy of Financial Instruments (Details) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total financial assets		$ 0	$ 0
Financial Liabilities Fair Value Disclosure, Total		1,342	1,423
Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total financial assets		4,794	10,427
Financial Liabilities Fair Value Disclosure, Total		377	0
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total financial assets		0	0
Financial Liabilities Fair Value Disclosure, Total		19,023	24,515
Warrant [Member] | Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total	[1]	1,342	1,423
Warrant [Member] | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total	[1]	0	0
Warrant [Member] | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total	[1]	0	0
Liability for Share-Based Compensation | Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total	[2]	0	0
Liability for Share-Based Compensation | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total	[2]	0	0
Liability for Share-Based Compensation | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total	[2]	8,814	5,809
Derivative Financial Instruments, Liabilities | Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total		0
Derivative Financial Instruments, Liabilities | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total		377
Derivative Financial Instruments, Liabilities | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total		0
Derivative Financial Instruments, Assets | Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total financial assets		0	0
Derivative Financial Instruments, Assets | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total financial assets		4,794	10,427
Derivative Financial Instruments, Assets | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total financial assets		0	0
Contingent Consideration Payable | Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total		0	0
Contingent Consideration Payable | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total		0	0
Contingent Consideration Payable | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Financial Liabilities Fair Value Disclosure, Total		$ 10,209	$ 18,706
[1] The Wa rrants represent the right to purchase one share of the Company’s common shares at a price of $ 138.0 per share. The Warrants became exercisable on August 21, 2021 and will expire on the fifth anniversary of the Transaction, or upon an earlier redemption. As of September 30, 2024 and December 31, 20 23, 53,900,329 warrants were ou tstanding, all of which were considered public warrants. As of December 31, 2023, the liability for share-based compensation relates to the share-based compensation awards modified in connection with the Transaction and as of September 30, 2024 , the liability also includes certain performance awards to be issued in a variable number of shares (Note 10).

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Fair Value Hierarchy of Financial Instruments (Parenthetical) (Details) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Exercise Price of Warrants	$ 138
Class of Warrant or Right, Outstanding	53,900,329	53,900,329

Fair Value Measurements - Sch_3

Fair Value Measurements - Schedule of Fair Value Measurement Inputs and Valuation Techniques (Details) - Level 3 - Market and income approach - Measurement Input, Discount Rate	Sep. 30, 2024
Liability for Share-Based Compensation
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liability for share-based compensation	16.5
Contingent Consideration Payable [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent consideration payable	4.4

Commitment, Contingencies and G

Commitment, Contingencies and Guarantees - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Loss Contingencies [Line Items]
Provision for litigation proceedings	$ 1,203	$ 1,203		$ 2,200
Cash held in reserve	5,690	5,690		12,200
Additional provision		0		2,206
Proceeds under line of credit		650,000	$ 675,000
Right of use asset	38,251	38,251		$ 22,120
Lease liabilities	42,317	42,317
Estimated future lease payment	6,161	6,161
Financial guarantee contracts
Loss Contingencies [Line Items]
Proceeds under line of credit	0	6,510
Lease Agreement [Member]
Loss Contingencies [Line Items]
Right of use asset	21,289	21,289
Lease liabilities	$ 22,043	$ 22,043

Commitments, Contingencies an_3

Commitments, Contingencies and Guarantees - Schedule of Maturities of Lease Liabilities (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder 2024	$ 2,153
2025	9,186
2026	9,143
2027	7,742
2028	4,968
2029 and beyond	18,868
Total lease payments	52,060
Less: interest	(9,743)
Total lease liability	$ 42,317

Other (expense) _ income, net -

Other (expense) / income, net - Schedule of Summary of Other Income, Net (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other Income and Expenses [Abstract]
Foreign exchange gain / (loss)		$ (12,139)	$ 4,460	$ (4,929)	$ (244)
Fair value loss on contingent consideration		(96)	(220)	(492)	(620)
(Loss) / gain on derivative instruments	[1]	(3,186)	2,054	1,224	6,252
Fair value (loss) / gain on warrant liability	[2]	(59)	313	81	830
Gain on debt repurchases	[3]	325	1,680	1,621	9,632
Other	[4]	413	1,374	4,505	3,734
Other (expense) / income, net		$ (14,742)	$ 9,661	$ 2,010	$ 19,584
[1] In the nine months ended September 30, 2024, the Company entered into an additional derivative financial instrument arrangement to mitigate interest rate risk on its variable-rate debt (See Note 8). The Company accounts for warrants as derivative liabilities. The warrants were initially recorded at fair value based on the public warrants listed trading price and are subsequently remeasured at the balance sheet date with the changes in fair value recognized in the unaudited condensed consolidated statement of comprehensive loss (See Note 12). Relates to gain on repurchases of the Company's debt (See Note 7). Mainly relates to the release of certain provisions, offset by banking fees.

Operating Segments - Schedule o

Operating Segments - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023		Sep. 30, 2024		Sep. 30, 2023
Segment Reporting Information [Line Items]
Revenue from external customers		$ 418,931	$ 385,423		$ 1,258,268		$ 1,157,977
Interest revenue		8,172	10,987		26,497		28,620
Intersegment Revenue	[1]	0	0		0		0
Total Revenue		427,103	396,410		1,284,765		1,186,597
Adjusted EBITDA		117,787	116,076		348,709		336,922
Merchant Solutions
Segment Reporting Information [Line Items]
Revenue from external customers		235,534	213,106		711,770		642,001
Interest revenue		639	449		1,939		1,214
Intersegment Revenue	[1]	4,969	3,292		13,809		7,851
Total Revenue		241,142	216,847		727,518		651,066
Adjusted EBITDA		52,646	57,467		158,335		165,572
Digital Wallet
Segment Reporting Information [Line Items]
Revenue from external customers		183,397	172,317		546,498		515,976
Interest revenue		7,533	10,538		24,558		27,406
Intersegment Revenue	[1]	0	0		4		0
Total Revenue		190,930	182,855		571,060		543,382
Adjusted EBITDA		84,119	79,930		249,806		236,350
Corporate Segment
Segment Reporting Information [Line Items]
Revenue from external customers	[2]	0	0		0		0
Interest revenue	[2]	0	0		0		0
Intersegment Revenue	[1]	0	0	[2]	0	[2]	0	[2]
Total Revenue	[2]	0	0		0		0
Adjusted EBITDA	[2]	(18,978)	(21,321)		(59,432)		(65,000)
Intersegment
Segment Reporting Information [Line Items]
Revenue from external customers		0	0		0		0
Interest revenue		0	0		0		0
Intersegment Revenue	[1]	(4,969)	(3,292)		(13,813)		(7,851)
Total Revenue		(4,969)	(3,292)		(13,813)		(7,851)
Adjusted EBITDA			$ 0		$ 0		$ 0
[1] Intersegment revenue and related eliminations are primarily for processing of credit card transactions between segments. Corporate consists of corporate overhead and unallocated shared costs of people and other resources consumed in activities that provide a benefit across the Company.

Operating Segments - Reconcilia

Operating Segments - Reconciliation Of Revenue From Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting [Abstract]
Segments Adjusted EBITDA	$ 136,765	$ 137,397	$ 408,141	$ 401,922
Corporate costs	(18,978)	(21,321)	(59,432)	(65,000)
Depreciation and amortization	(70,088)	(67,074)	(207,028)	(197,046)
Share-based compensation	(12,690)	(4,938)	(35,015)	(23,061)
Restructuring and other costs	(340)	(835)	(1,520)	(4,165)
Impairment expense on goodwill and intangible assets	(119)	0	(795)	(275)
Other (expense) / income, net	(14,742)	9,661	2,010	19,584
Loss on disposal of subsidiary and other assets, net	(187)	0	(508)	0
Interest expense, net	(35,546)	(38,421)	(107,646)	(112,639)
(Loss) / income before taxes	$ (15,925)	$ 14,469	$ (1,793)	$ 19,320

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Operating lease right-of-use assets	$ 38,251	$ 22,120
Operating lease liabilities - non-current	34,725	16,963
Directors Member
Related Party Transaction [Line Items]
Operating lease right-of-use assets	2,412	2,867
Operating lease liabilities - non-current	$ 2,808	$ 3,327

Subsequent events (Additional I

Subsequent events (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Subsequent Event [Line Items]
Company repurchased, Value	$ 11,000	$ 14,000