Shift4 Payments, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
FOUR$45.01+2.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(Unaudited)(in millions, except share and per share amounts)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $1,511.5 | $1,211.9 |
| Settlement assets | 288.0 | 298.1 |
| Accounts receivable, net | 771.5 | 348.7 |
| Prepaid expenses and other current assets | 129.1 | 51.7 |
| Total current assets | 2,700.1 | 1,910.4 |
| Noncurrent assets | ||
| Equipment for lease, net | 208.7 | 165.1 |
| Property, plant and equipment, net | 45.3 | 27.2 |
| Right-of-use assets | 61.9 | 36.9 |
| Collateral held by the card networks | 41.6 | 37.5 |
| Goodwill | 2,465.5 | 1,455.6 |
| Residual commission buyouts, net | 107.8 | 157.2 |
| Capitalized customer acquisition costs, net | 80.2 | 65.3 |
| Other intangible assets, net | 2,827.5 | 758.4 |
| Deferred tax assets | 411.8 | 396.8 |
| Other noncurrent assets | 39.4 | 31.0 |
| Total assets | $8,989.8 | $5,041.4 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities | ||
| Current portion of debt | $699.4 | $686.9 |
| Settlement liabilities | 279.7 | 293.3 |
| Accounts payable | 670.0 | 248.3 |
| Accrued expenses and other current liabilities | 251.0 | 120.5 |
| Current portion of TRA liability | 25.9 | 4.3 |
| Deferred revenue | 14.0 | 15.5 |
| Current lease liabilities | 18.0 | 11.0 |
| Total current liabilities | 1,958.0 | 1,379.8 |
| Noncurrent liabilities | ||
| Long-term debt | 4,019.8 | 2,154.1 |
| Noncurrent portion of TRA liability | 336.3 | 361.2 |
| Deferred tax liabilities | 348.9 | 60.6 |
| Noncurrent lease liabilities | 51.2 | 29.3 |
| Other noncurrent liabilities | 43.6 | 38.7 |
| Total liabilities | 6,757.8 | 4,023.7 |
| Redeemable noncontrolling interests | 28.0 | — |
| Stockholders' equity | ||
| Series A Mandatory Convertible Preferred Stock, $0.0001 par value, 10,000,000 and no shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively, out of 20,000,000 shares authorized. | 973.2 | — |
| Class A common stock, $0.0001 par value per share, 300,000,000 shares authorized, 67,451,984 and 67,737,305 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively | — | — |
| Class B common stock, $0.0001 par value per share, 100,000,000 shares authorized, 19,801,028 and 19,801,028 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively. | — | — |
| Class C common stock, $0.0001 par value per share, 100,000,000 shares authorized, 1,253,566 and 1,519,826 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively. | — | — |
| Additional paid-in capital | 932.8 | 1,063.0 |
| Accumulated other comprehensive income (loss) | 47.1 | (28.2) |
| Retained deficit | (283.4) | (228.2) |
| Total stockholders' equity attributable to Shift4 Payments, Inc. | 1,669.7 | 806.6 |
| Non-redeemable noncontrolling interests | 534.3 | 211.1 |
| Total stockholders' equity | 2,204.0 | 1,017.7 |
| Total liabilities, redeemable noncontrolling interests and stockholders' equity | $8,989.8 | $5,041.4 |
| See accompanying notes to unaudited condensed consolidated financial statements. | ||
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