Company research
SHIFT TECHNOLOGIES, INC.
CIK 1762322Updated Oct 6, 2026
Securities
Name history
Insurance Acquisition Corp. · through Oct 13, 2020
SFTGQ price & chart
Historical security
This listing closed Oct 14, 2024. 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 | Q3 2022 | Q3 2021 | Q2 2023 | Q2 2022 | Q2 2021 | Q1 2023 | Q1 2022 | Q1 2021 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 189,365,000Source | 372,863,000Source | 110,089,000Source | 329,245,000Source | 402,636,000Source | 169,496,000Source | — | 298,152,000Source | 248,018,000Source | 365,740,000Source | 312,093,000Source | 153,718,844Source |
| Property, Plant and Equipment, NetUSD | 7,361,000Source | 5,972,000Source | 1,823,000Source | 10,131,000Source | 4,591,000Source | 2,012,000Source | — | 3,440,000Source | 6,797,000Source | 7,940,000Source | 2,123,000Source | — |
| GoodwillUSD | 2,524,000Source | — | 2,070,000Source | 2,524,000Source | — | 2,070,000Source | — | — | 2,070,000Source | — | — | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 17,953,000Source | 8,495,000Source | 9,255,000Source | 24,047,000Source | 7,993,000Source | 9,633,000Source | — | 7,207,000Source | 10,657,000Source | 9,262,000Source | 6,542,000Source | — |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 44,093,000Source | 247,532,000Source | 23,256,000Source | 88,482,000Source | 238,235,000Source | 58,784,000Source | — | 176,985,000Source | 96,159,000Source | 182,616,000Source | 233,936,000Source | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 15,360,000Source | 12,789,000Source | 3,943,000Source | 8,899,000Source | 18,332,000Source | 4,393,000Source | — | 21,208,000Source | 4,558,000Source | 20,084,000Source | 8,426,000Source | — |
| Inventory, NetUSD | 48,665,000Source | 88,885,000Source | 24,007,000Source | 136,566,000Source | 122,451,000Source | 34,019,000Source | — | 74,253,000Source | 40,925,000Source | 122,743,000Source | 49,086,000Source | — |
| Assets, CurrentUSD | 113,257,000Source | 354,464,000Source | 77,935,000Source | 239,087,000Source | 385,515,000Source | 124,109,000Source | — | 282,053,000Source | 178,421,000Source | 332,835,000Source | 296,926,000Source | 480,658Source |
| Prepaid Expense and Other Assets, CurrentUSD | 5,139,000Source | 5,258,000Source | 6,357,000Source | 5,140,000Source | 6,497,000Source | 6,257,000Source | — | 9,607,000Source | 7,657,000Source | 7,392,000Source | 5,478,000Source | 73,934Source |
| Operating Lease, Right-of-Use AssetUSD | 33,363,000Source | — | 16,460,000Source | 38,110,000Source | — | 28,366,000Source | — | — | 44,568,000Source | — | — | — |
| Other Assets, NoncurrentUSD | 2,816,000Source | 2,307,000Source | 1,323,000Source | 3,132,000Source | 2,430,000Source | 1,971,000Source | — | 2,331,000Source | 3,323,000Source | 3,414,000Source | 2,748,000Source | — |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 284,977,000Source | 256,033,000Source | 240,845,000Source | 353,352,000Source | 254,184,000Source | 275,965,000Source | — | 95,514,000Source | 307,804,000Source | 290,468,000Source | 74,911,000Source | 7,131,175Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | — | 0Source | 0Source | 0Source | 0Source | — |
| Common Stock, Value, IssuedUSD | 9,000Source | 8,000Source | 2,000Source | 9,000Source | 8,000Source | 2,000Source | — | 8,000Source | 2,000Source | 8,000Source | 8,000Source | — |
| Additional Paid in CapitalUSD | 530,146,000Source | 503,070,000Source | 555,868,000Source | 525,841,000Source | 497,303,000Source | 554,379,000Source | — | 519,828,000Source | 552,968,000Source | 515,975,000Source | 511,617,000Source | 3,675,170Source |
| Retained Earnings (Accumulated Deficit)USD | -625,767,000Source | -386,248,000Source | -686,626,000Source | -549,957,000Source | -348,859,000Source | -660,850,000Source | — | -317,198,000Source | -612,753,000Source | -440,711,000Source | -274,443,000Source | 1,324,153Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | — | — | 0Source | — | — | 0Source | — | — | -3,000Source | — | — | — |
| Stockholders' Equity Attributable to ParentUSD | -95,612,000Source | 116,830,000Source | -130,756,000Source | -24,107,000Source | 148,452,000Source | -106,469,000Source | 20,617,000Source | 202,638,000Source | -59,786,000Source | 75,272,000Source | 237,182,000Source | 5,000,002Source |
| Liabilities and EquityUSD | 189,365,000Source | 372,863,000Source | 110,089,000Source | 329,245,000Source | 402,636,000Source | 169,496,000Source | — | 298,152,000Source | 248,018,000Source | 365,740,000Source | 312,093,000Source | 153,718,844Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 88,638,000Source | 101,196,000Source | 58,813,000Source | 154,552,000Source | 87,720,000Source | 83,280,000Source | — | 69,419,000Source | 95,356,000Source | 142,371,000Source | 46,831,000Source | 712,175Source |
| Operating Lease, Liability, CurrentUSD | 6,435,000Source | — | 3,594,000Source | 6,663,000Source | — | 5,490,000Source | — | — | 8,865,000Source | — | — | — |
| Accounts Payable, CurrentUSD | 10,255,000Source | 11,696,000Source | 8,423,000Source | 24,049,000Source | 12,572,000Source | 14,280,000Source | — | 12,906,000Source | 12,085,000Source | 15,175,000Source | 10,675,000Source | — |
| Operating Lease, Liability, NoncurrentUSD | 31,866,000Source | — | 16,084,000Source | 34,814,000Source | — | 27,245,000Source | — | — | 44,985,000Source | — | — | — |
| Other Liabilities, NoncurrentUSD | 1,624,000Source | 3,150,000Source | 51,000Source | 1,645,000Source | 3,090,000Source | 65,000Source | — | 3,018,000Source | 111,000Source | 3,762,000Source | 2,850,000Source | — |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 30,188,000Source | 39,250,000Source | 16,526,000Source | 30,010,000Source | 25,466,000Source | 23,136,000Source | — | 25,170,000Source | 33,872,000Source | 43,944,000Source | 22,286,000Source | — |
| Long-term DebtUSD | 162,849,000Source | — | 164,408,000Source | 162,341,000Source | — | 163,879,000Source | — | — | 163,363,000Source | — | — | — |
| Redeemable Noncontrolling Interest, Equity, Common, Carrying AmountUSD | — | — | — | — | — | — | — | — | — | — | — | 141,587,667Source |
cash flow · annual statements
| Line item | Q4 2022 | Q4 2021 | Q3 2022 | Q3 2021 | Q2 2023 | Q2 2022 | Q1 2023 | Q1 2022 | 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 | — | — | — | — | — | — | 4,447,000Source | 2,019,000Source | 11,787,000Source | 6,253,000Source | 4,536,000Source | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 1,233,000Source | 4,192,000Source | 13,029,000Source | 25,130,000Source | 2,614,000Source | — |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | -845,000Source | -130,000Source | -18,158,000Source | 11,658,000Source | 6,587,000Source | — |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | -6,379,000Source | 37,762,000Source | -88,409,000Source | 73,657,000Source | 30,888,000Source | — |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | 1,934,000Source | -543,000Source | -4,352,000Source | 4,359,000Source | 8,094,000Source | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -36,314,000Source | -98,370,000Source | -110,416,000Source | -211,046,000Source | -85,852,000Source | -629,588Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -945,000Source | -3,772,000Source | 65,995,000Source | -14,143,000Source | -4,879,000Source | -150,644,900Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 390,000Source | 1,444,000Source | 4,665,000Source | 7,524,000Source | 984,000Source | — |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 19,000Source | 2,162,000Source | 2,861,000Source | — | — | — |
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 1,000Source | 10,000Source | 81,000Source | 73,000Source | 6,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -2,866,000Source | 14,584,000Source | -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 | — | — | — | — | — | — | -40,125,000Source | -87,558,000Source | -86,495,000Source | -41,200,000Source | 190,965,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 55,843,000Source | 249,157,000Source | 32,166,000Source | 100,282,000Source | 67,721,000Source | 106,783,000Source | 107,846,000Source | 194,341,000Source | 235,541,000Source | — |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 1,114,000Source | 496,000Source | 10,338,000Source | 4,230,000Source | 871,000Source | — |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 214,000Source | — | — | 5,100Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 4,200,000Source | 5,300,000Source | 1,300,000Source | 4,900,000Source | 1,200,000Source | 4,200,000Source | 13,000,000Source | 25,100,000Source | 2,600,000Source | — |
| Amortization of Intangible AssetsUSD | — | — | 2,400,000Source | 1,200,000Source | 1,100,000Source | 2,100,000Source | 3,200,000Source | 1,400,000Source | 8,800,000Source | 4,400,000Source | 3,600,000Source | — |
| DepreciationUSD | — | — | 700,000Source | 400,000Source | 200,000Source | 900,000Source | 500,000Source | 600,000Source | 2,800,000Source | 1,800,000Source | 1,000,000Source | — |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | — | — | — | — | — | — | -3,100,000Source | — | 0Source | — | — | — |
| GoodwillUSD | — | — | 2,524,000Source | — | 2,070,000Source | 2,524,000Source | 2,070,000Source | — | 2,070,000Source | — | — | — |
| Goodwill, Impairment LossUSD | — | — | 0Source | — | 0Source | 0Source | — | — | 454,000Source | — | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | 6,498,000Source | — | — | — | — | — | 6,500,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | — | — | 18,000Source | 0Source | -145,000Source | 27,000Source | 55,000Source | 41,000Source | 326,000Source | 226,000Source | 0Source | 502,488Source |
| Inventory Write-downUSD | — | — | 8,545,000Source | — | — | — | — | — | — | 2,500,000Source | 500,000Source | — |
| Investment Income, InterestUSD | — | — | — | — | — | — | — | — | — | — | — | 2,593,286Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -75,810,000Source | -37,389,000Source | -25,776,000Source | -52,198,000Source | -48,097,000Source | -57,048,000Source | -172,042,000Source | -166,268,000Source | -59,146,000Source | 1,325,822Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -75,810,000Source | -37,389,000Source | -25,776,000Source | -52,198,000Source | -48,097,000Source | -57,048,000Source | -172,042,000Source | -166,268,000Source | — | — |
| Operating ExpensesUSD | — | — | 73,412,000Source | 59,261,000Source | 25,911,000Source | 61,203,000Source | 47,921,000Source | 65,217,000Source | 262,784,000Source | 225,641,000Source | 88,432,000Source | 764,976Source |
| Other Nonoperating Income (Expense)USD | — | — | -2,789,000Source | -3,047,000Source | -2,700,000Source | -2,846,000Source | -2,791,000Source | -2,578,000Source | -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 | 3,000Source | 0Source | 506,000Source | 2,753,000Source | — |
| Restructuring Costs and Asset Impairment ChargesUSD | — | — | — | — | — | — | 931,000Source | 0Source | 30,692,000Source | — | — | — |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | — | — | — | — | — | — | 0Source | 18,893,000Source | 24,751,000Source | — |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | — | — | — | — |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | —Source | — | — | — | — | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Operating Lease, Impairment Loss | — | — | — | — | —Source | —Source | — | — | — | — | — | — |
| Restructuring Costs | — | — | —Source | — | — | — | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2022 | Q4 2021 | Q3 2022 | Q3 2021 | Q2 2023 | Q2 2022 | Q1 2023 | Q1 2022 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 161,869,000Source | 179,800,000Source | 47,258,000Source | 223,733,000Source | 54,108,000Source | 219,580,000Source | 670,753,000Source | 636,869,000Source | 195,718,000Source | — |
| Cost of RevenueUSD | — | — | 161,460,000Source | 166,848,000Source | 44,146,000Source | 211,855,000Source | 50,944,000Source | 208,792,000Source | 645,420,000Source | 588,081,000Source | 183,537,000Source | — |
| Selling, General and Administrative ExpenseUSD | — | — | 49,805,000Source | 57,886,000Source | 22,643,000Source | 58,744,000Source | 42,591,000Source | 63,537,000Source | 214,008,000Source | 220,055,000Source | 83,896,000Source | — |
| Operating Income (Loss)USD | — | — | -73,003,000Source | -46,309,000Source | -22,799,000Source | -49,325,000Source | -44,757,000Source | -54,429,000Source | -237,451,000Source | -176,853,000Source | -76,251,000Source | -764,976Source |
| Other Nonoperating Income (Expense)USD | — | — | -2,789,000Source | -3,047,000Source | -2,700,000Source | -2,846,000Source | -2,791,000Source | -2,578,000Source | -10,950,000Source | -8,082,000Source | -7,646,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | -75,792,000Source | -37,389,000Source | -25,499,000Source | -52,171,000Source | -47,548,000Source | -57,007,000Source | -171,716,000Source | -166,042,000Source | — | 1,828,310Source |
| Income Tax Expense (Benefit)USD | — | — | 18,000Source | 0Source | -145,000Source | 27,000Source | 55,000Source | 41,000Source | 326,000Source | 226,000Source | 0Source | 502,488Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -75,810,000Source | -37,389,000Source | -25,776,000Source | -52,198,000Source | -48,097,000Source | -57,048,000Source | -172,042,000Source | -166,268,000Source | -59,146,000Source | 1,325,822Source |
| Earnings Per Share, BasicUSD per share | — | — | — | — | -1.52Source | -6.45Source | -2.84Source | -6.97Source | -19.92Source | -2.13Source | — | — |
| Earnings Per Share, DilutedUSD per share | — | — | — | — | -1.52Source | -6.45Source | -2.84Source | -6.97Source | -19.92Source | -2.13Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | — | — | 16,954,995Source | 8,095,278Source | 16,920,600Source | 8,182,525Source | 8,638,073Source | 78,114,142Source | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | — | — | 16,954,995Source | 8,095,278Source | 16,920,600Source | 8,182,525Source | 8,638,073Source | 78,114,142Source | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 2,400,000Source | 1,200,000Source | 1,100,000Source | 2,100,000Source | 3,200,000Source | 1,400,000Source | 8,800,000Source | 4,400,000Source | 3,600,000Source | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 2,958,000Source | 1,375,000Source | 1,928,000Source | 2,459,000Source | 4,399,000Source | 1,680,000Source | 10,456,000Source | 5,586,000Source | 4,536,000Source | — |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | — | — | — | — | — | — | -3,100,000Source | — | 0Source | — | — | — |
| Goodwill, Impairment LossUSD | — | — | 0Source | — | 0Source | 0Source | — | — | 454,000Source | — | — | — |
| Gross ProfitUSD | — | — | 409,000Source | 12,952,000Source | 3,112,000Source | 11,878,000Source | 3,164,000Source | 10,788,000Source | 25,333,000Source | 48,788,000Source | 12,181,000Source | — |
| Investment Income, InterestUSD | — | — | — | — | — | — | — | — | — | — | — | 2,593,286Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -75,810,000Source | -37,389,000Source | -25,776,000Source | -52,198,000Source | -48,097,000Source | -57,048,000Source | -172,042,000Source | -166,268,000Source | — | — |
| Operating ExpensesUSD | — | — | 73,412,000Source | 59,261,000Source | 25,911,000Source | 61,203,000Source | 47,921,000Source | 65,217,000Source | 262,784,000Source | 225,641,000Source | 88,432,000Source | 764,976Source |
| Selling ExpenseUSD | — | — | — | — | — | — | — | — | 8,700,000Source | 8,100,000Source | 1,900,000Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Restructuring and Related Cost, Incurred Cost | — | — | —Source | — | — | — | — | — | — | — | — | — |
| Restructuring Costs | — | — | —Source | — | — | — | — | — | — | — | — | — |