Company research
SHIFT TECHNOLOGIES, INC.
CIK 1762322Updated Sep 24, 2026
Securities
Name history
Insurance Acquisition Corp. · through Oct 13, 2020
SFT price & chart
Historical security
This listing closed Oct 18, 2023. Live provider charts are shown only for current listings.
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Recent filings
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Financials
FY 2022 · USDSource
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balance sheet · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 248,018,000Source | 365,740,000Source | 312,093,000Source | 153,718,844Source |
| Property, Plant and Equipment, NetUSD | 6,797,000Source | 7,940,000Source | 2,123,000Source | 2,120,000Source |
| GoodwillUSD | 2,070,000Source | — | — | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 10,657,000Source | 9,262,000Source | 6,542,000Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 96,159,000Source | 182,616,000Source | 233,936,000Source | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 4,558,000Source | 20,084,000Source | 8,426,000Source | — |
| Inventory, NetUSD | 40,925,000Source | 122,743,000Source | 49,086,000Source | — |
| Assets, CurrentUSD | 178,421,000Source | 332,835,000Source | 296,926,000Source | 480,658Source |
| Prepaid Expense and Other Assets, CurrentUSD | 7,657,000Source | 7,392,000Source | 5,478,000Source | 73,934Source |
| Operating Lease, Right-of-Use AssetUSD | 44,568,000Source | — | — | — |
| Other Assets, NoncurrentUSD | 3,323,000Source | 3,414,000Source | 2,748,000Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 307,804,000Source | 290,468,000Source | 74,911,000Source | 7,131,175Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | — |
| Common Stock, Value, IssuedUSD | 2,000Source | 8,000Source | 8,000Source | — |
| Additional Paid in CapitalUSD | 552,968,000Source | 515,975,000Source | 511,617,000Source | 3,675,170Source |
| Retained Earnings (Accumulated Deficit)USD | -612,753,000Source | -440,711,000Source | -274,443,000Source | 1,324,153Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -3,000Source | — | — | — |
| Stockholders' Equity Attributable to ParentUSD | -59,786,000Source | 75,272,000Source | 237,182,000Source | 5,000,002Source |
| Liabilities and EquityUSD | 248,018,000Source | 365,740,000Source | 312,093,000Source | 153,718,844Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 95,356,000Source | 142,371,000Source | 46,831,000Source | 712,175Source |
| Operating Lease, Liability, CurrentUSD | 8,865,000Source | — | — | — |
| Accounts Payable, CurrentUSD | 12,085,000Source | 15,175,000Source | 10,675,000Source | — |
| Operating Lease, Liability, NoncurrentUSD | 44,985,000Source | — | — | — |
| Other Liabilities, NoncurrentUSD | 111,000Source | 3,762,000Source | 2,850,000Source | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 33,872,000Source | 43,944,000Source | 22,286,000Source | — |
| Long-term DebtUSD | 163,363,000Source | — | — | — |
| Redeemable Noncontrolling Interest, Equity, Common, Carrying AmountUSD | — | — | — | 141,587,667Source |
cash flow · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 1,325,822Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 11,787,000Source | 6,253,000Source | 4,536,000Source | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 13,029,000Source | 25,130,000Source | 2,614,000Source | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -18,158,000Source | 11,658,000Source | 6,587,000Source | — |
| Increase (Decrease) in InventoriesUSD | -88,409,000Source | 73,657,000Source | 30,888,000Source | — |
| Increase (Decrease) in Accounts PayableUSD | -4,352,000Source | 4,359,000Source | 8,094,000Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -110,416,000Source | -211,046,000Source | -85,852,000Source | -629,588Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 65,995,000Source | -14,143,000Source | -4,879,000Source | -150,644,900Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 4,665,000Source | 7,524,000Source | 984,000Source | — |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 2,861,000Source | — | — | — |
| Payments for Repurchase of Common StockUSD | 81,000Source | 73,000Source | 6,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -42,074,000Source | 183,989,000Source | 281,696,000Source | 151,656,212Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -86,495,000Source | -41,200,000Source | 190,965,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 107,846,000Source | 194,341,000Source | 235,541,000Source | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 10,338,000Source | 4,230,000Source | 871,000Source | — |
| Income Taxes Paid, NetUSD | 214,000Source | — | — | 5,100Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 13,000,000Source | 25,100,000Source | 2,600,000Source | — |
| Amortization of Intangible AssetsUSD | 8,800,000Source | 4,400,000Source | 3,600,000Source | — |
| DepreciationUSD | 2,800,000Source | 1,800,000Source | 1,000,000Source | — |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | 0Source | — | — | — |
| GoodwillUSD | 2,070,000Source | — | — | — |
| Goodwill, Impairment LossUSD | 454,000Source | — | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | 6,500,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | 326,000Source | 226,000Source | 0Source | 502,488Source |
| Inventory Write-downUSD | — | 2,500,000Source | 500,000Source | — |
| Investment Income, InterestUSD | — | — | — | 2,593,286Source |
| Net Income (Loss) Attributable to ParentUSD | -172,042,000Source | -166,268,000Source | -59,146,000Source | 1,325,822Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -172,042,000Source | -166,268,000Source | — | — |
| Operating ExpensesUSD | 262,784,000Source | 225,641,000Source | 88,432,000Source | 764,976Source |
| Other Nonoperating Income (Expense)USD | -10,950,000Source | -8,082,000Source | -7,646,000Source | — |
| Payments for Repurchase of WarrantsUSD | 0Source | 497,000Source | 7,193,000Source | — |
| Proceeds from Issuance of Common StockUSD | — | — | — | 148,030,000Source |
| Proceeds from Stock Options ExercisedUSD | 0Source | 506,000Source | 2,753,000Source | — |
| Restructuring Costs and Asset Impairment ChargesUSD | 30,692,000Source | — | — | — |
| Unrealized Gain (Loss) on DerivativesUSD | 0Source | 18,893,000Source | 24,751,000Source | — |
income statement · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Total RevenueUSD | 670,753,000Source | 636,869,000Source | 195,718,000Source | — |
| Cost of RevenueUSD | 645,420,000Source | 588,081,000Source | 183,537,000Source | — |
| Selling, General and Administrative ExpenseUSD | 214,008,000Source | 220,055,000Source | 83,896,000Source | — |
| Operating Income (Loss)USD | -237,451,000Source | -176,853,000Source | -76,251,000Source | -764,976Source |
| Other Nonoperating Income (Expense)USD | -10,950,000Source | -8,082,000Source | -7,646,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -171,716,000Source | -166,042,000Source | — | 1,828,310Source |
| Income Tax Expense (Benefit)USD | 326,000Source | 226,000Source | 0Source | 502,488Source |
| Net Income (Loss) Attributable to ParentUSD | -172,042,000Source | -166,268,000Source | -59,146,000Source | 1,325,822Source |
| Earnings Per Share, BasicUSD per share | -19.92Source | -2.13Source | — | — |
| Earnings Per Share, DilutedUSD per share | -19.92Source | -2.13Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 8,638,073Source | 78,114,142Source | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 8,638,073Source | 78,114,142Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 8,800,000Source | 4,400,000Source | 3,600,000Source | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 10,456,000Source | 5,586,000Source | 4,536,000Source | — |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | 0Source | — | — | — |
| Goodwill, Impairment LossUSD | 454,000Source | — | — | — |
| Gross ProfitUSD | 25,333,000Source | 48,788,000Source | 12,181,000Source | — |
| Investment Income, InterestUSD | — | — | — | 2,593,286Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -172,042,000Source | -166,268,000Source | — | — |
| Operating ExpensesUSD | 262,784,000Source | 225,641,000Source | 88,432,000Source | 764,976Source |
| Selling ExpenseUSD | 8,700,000Source | 8,100,000Source | 1,900,000Source | — |