Company research
BTRS Holdings Inc.
CIK 1774155Updated Oct 6, 2026
Securities
Name history
South Mountain Merger Corp. · through Jan 12, 2021
BTRS price & chart
Historical security
This listing closed Dec 16, 2022. Live provider charts are shown only for current listings.
In the news
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Recent filings
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Financials
FY 2021 · USDSource
Source
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balance sheet · annual statements
| Line item | Q3 2022 | Q3 2021 | Q3 2020 | Q2 2022 | Q2 2021 | Q2 2020 | Q1 2022 | Q1 2021 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| AssetsUSD | 417,419,000Source | 423,046,000Source | 253,990,117Source | 439,927,000Source | 426,175,000Source | 254,013,010Source | 447,320,000Source | 422,197,000Source | 470,649,000Source | 253,568,166Source | 253,616,835Source |
| Property, Plant and EquipmentUSD | 9,768,000Source | 15,953,000Source | — | 11,359,000Source | 16,194,000Source | — | 11,813,000Source | 16,380,000Source | — | — | — |
| GoodwillUSD | 115,970,000Source | 36,956,000Source | — | 122,120,000Source | 36,956,000Source | — | 127,369,000Source | 36,956,000Source | 88,148,000Source | — | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 42,116,000Source | 8,026,000Source | — | 46,130,000Source | 8,423,000Source | — | 49,827,000Source | 8,978,000Source | 24,339,000Source | — | — |
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 145,915,000Source | 243,448,000Source | 10,219,000Source | 147,970,000Source | 241,607,000Source | 7,164,000Source | 107,839,000Source | 261,013,000Source | 187,672,000Source | — | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 43,979,000Source | 29,454,000Source | — | 42,305,000Source | 29,009,000Source | — | 39,226,000Source | 26,699,000Source | 34,394,000Source | — | — |
| Inventory, NetUSD | — | — | — | — | — | — | — | — | 800,000Source | — | — |
| Assets, CurrentUSD | 219,328,000Source | 348,559,000Source | 1,702,868Source | 227,049,000Source | 351,081,000Source | 1,652,087Source | 225,325,000Source | 348,895,000Source | 299,663,000Source | 1,275,211Source | 1,750,894Source |
| Operating Lease, Right-of-Use AssetUSD | 15,378,000Source | — | — | 19,261,000Source | — | — | 19,852,000Source | — | 28,623,000Source | — | — |
| Other Assets, NoncurrentUSD | 5,173,000Source | 5,148,000Source | — | 4,768,000Source | 5,068,000Source | — | 4,152,000Source | 2,437,000Source | 5,122,000Source | — | — |
| LIABILITIES AND EQUITY | |||||||||||
| LiabilitiesUSD | 165,639,000Source | 102,581,000Source | 8,546,726Source | 167,121,000Source | 101,801,000Source | 8,422,138Source | 161,610,000Source | 94,687,000Source | 161,015,000Source | 12,741,227Source | 8,336,936Source |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | — | 0Source | 0Source | 0Source |
| Additional Paid in CapitalUSD | 540,506,000Source | 510,050,000Source | 3,432,285Source | 532,409,000Source | 502,765,000Source | 3,284,806Source | 523,860,000Source | 522,857,000Source | 516,987,000Source | 8,048,689Source | 3,595,780Source |
| Retained Earnings (Accumulated Deficit)USD | -271,524,000Source | -189,601,000Source | 1,566,979Source | -250,315,000Source | -178,407,000Source | 1,714,460Source | -235,104,000Source | -195,363,000Source | -206,077,000Source | -3,049,473Source | 1,403,487Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -17,219,000Source | — | — | -9,305,000Source | — | — | -3,063,000Source | — | -1,292,000Source | — | — |
| Stockholders' Equity Attributable to ParentUSD | 251,780,000Source | 320,729,000Source | 6,039,000Source | 272,806,000Source | 324,638,000Source | 7,880,000Source | 285,710,000Source | 327,774,000Source | 309,634,000Source | 5,000,005Source | 5,000,006Source |
| Liabilities and EquityUSD | 417,419,000Source | 423,046,000Source | 253,990,117Source | 439,927,000Source | 426,175,000Source | 254,013,010Source | 447,320,000Source | 422,197,000Source | 470,649,000Source | 253,568,166Source | 253,616,835Source |
| Current liabilities: | |||||||||||
| Liabilities, CurrentUSD | 102,163,000Source | 65,528,000Source | — | 97,431,000Source | 66,112,000Source | — | 90,242,000Source | 59,757,000Source | 88,825,000Source | 4,770,852Source | — |
| Operating Lease, Liability, CurrentUSD | 3,476,000Source | — | — | 3,495,000Source | — | — | 3,458,000Source | — | 3,225,000Source | — | — |
| Accounts Payable, CurrentUSD | 2,633,000Source | 2,202,000Source | — | 2,099,000Source | 1,841,000Source | — | 3,872,000Source | 2,314,000Source | 2,968,000Source | — | — |
| Operating Lease, Liability, NoncurrentUSD | 31,302,000Source | — | — | 32,412,000Source | — | — | 33,346,000Source | — | 32,461,000Source | — | — |
| Deferred Income Tax Liabilities, NetUSD | 8,817,000Source | 873,000Source | — | 9,648,000Source | 859,000Source | — | 10,537,000Source | 859,000Source | 4,338,000Source | — | — |
| Other Liabilities, NoncurrentUSD | 4,617,000Source | 7,296,000Source | — | 4,660,000Source | 7,361,000Source | — | 3,389,000Source | 7,778,000Source | 2,808,000Source | — | — |
| Additional Financial Items | |||||||||||
| Accrued Liabilities, CurrentUSD | 55,486,000Source | 37,693,000Source | 576,351Source | 47,322,000Source | 31,055,000Source | 451,763Source | 42,429,000Source | 24,160,000Source | 46,263,000Source | — | 366,561Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 4,338,000Source | 0Source | — |
| Short-term Investments | — | — | — | — | —Source | — | — | —Source | — | — | — |
cash flow · annual statements
| Line item | Q4 2021 | Q4 2020 | Q3 2022 | Q3 2021 | Q2 2022 | Q2 2021 | Q1 2022 | Q1 2021 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | 2,191,000Source | 1,205,000Source | 2,166,000Source | 1,359,000Source | 1,861,000Source | 1,360,000Source | 5,516,000Source | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 6,078,000Source | 8,826,000Source | 26,151,000Source | — | — |
| Changes in operating assets and liabilities: | |||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 2,694,000Source | 3,743,000Source | 10,420,000Source | — | — |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | -430,000Source | 92,000Source | -137,000Source | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -20,128,000Source | -9,917,000Source | -9,560,000Source | -1,071,206Source | -712,642Source |
| Cash flows from investing activities: | |||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -59,949,000Source | -25,503,000Source | -103,583,000Source | 482,347Source | -249,527,884Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 454,000Source | 503,000Source | 1,633,000Source | — | — |
| Cash flows from financing activities: | |||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 49,000Source | 4,013,000Source | 4,013,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -2,940,000Source | 281,689,000Source | 287,115,000Source | 0Source | 251,846,787Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | — | — | — | -3,156,000Source | 261,000Source | 1,617,000Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -82,987,000Source | 246,269,000Source | 173,966,000Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 165,470,000Source | 265,332,000Source | 173,620,000Source | 268,821,000Source | 129,822,000Source | 285,112,000Source | 212,809,000Source | 1,017,402Source | 1,606,261Source |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 0Source | 133,000Source | 135,000Source | — | — |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 0Source | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | 30,000Source | 0Source | -6,000Source | — | — |
| Additional Financial Items | |||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 6,940,000Source | 5,914,000Source | 7,275,000Source | 5,706,000Source | 6,078,000Source | 8,826,000Source | 26,151,000Source | — | — |
| Amortization of Intangible AssetsUSD | — | — | 1,200,000Source | 400,000Source | 1,300,000Source | 600,000Source | 1,000,000Source | 600,000Source | 2,200,000Source | — | — |
| Capitalized Computer Software, AmortizationUSD | — | — | — | — | — | — | — | — | 300,000Source | — | — |
| General and Administrative ExpenseUSD | — | — | 19,613,000Source | 9,838,000Source | 15,085,000Source | 10,478,000Source | 14,728,000Source | 12,450,000Source | 48,282,000Source | — | — |
| GoodwillUSD | — | — | 115,970,000Source | 36,956,000Source | 122,120,000Source | 36,956,000Source | 127,369,000Source | 36,956,000Source | 88,148,000Source | — | — |
| Goodwill, Impairment LossUSD | — | — | — | 0Source | — | — | — | — | 0Source | — | — |
| Income Tax Expense (Benefit)USD | — | — | -251,000Source | 27,000Source | -295,000Source | 11,000Source | -425,000Source | 92,000Source | -113,000Source | 2,645Source | 373,079Source |
| Investment Income, InterestUSD | — | — | — | 115,000Source | — | 131,000Source | — | 103,000Source | 440,000Source | 909,361Source | 2,338,057Source |
| Marketable Securities, Unrealized Gain (Loss)USD | — | — | — | — | — | — | — | — | 0Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | -21,209,000Source | -11,194,000Source | -15,211,000Source | -10,736,000Source | -29,027,000Source | -22,794,000Source | -61,200,000Source | -4,452,960Source | 1,403,487Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | — | — | — | — | — | — | — | -311,472Source |
| Nonoperating Income (Expense)USD | — | — | 1,261,000Source | 275,000Source | -78,000Source | 133,000Source | 88,000Source | -12,829,000Source | -12,295,000Source | 909,361Source | — |
| Operating ExpensesUSD | — | — | 53,974,000Source | 34,806,000Source | 44,878,000Source | 33,087,000Source | 56,264,000Source | 33,739,000Source | 143,549,000Source | 5,359,676Source | 561,491Source |
| Other Nonoperating Income (Expense)USD | — | — | 916,000Source | 277,000Source | 188,000Source | 136,000Source | 67,000Source | 108,000Source | -9,783,000Source | — | — |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | — | 0Source | 25,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | 845,000Source | 2,032,000Source | 6,742,000Source | — | — |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | —Source | —Source | — | — | — | — | — |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | — | — | —Source | — | — | — |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | — | — | — | — | — | — | — | — | — | — |
| Restructuring Costs and Asset Impairment Charges | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — |
income statement · annual statements
| Line item | Q4 2021 | Q4 2020 | Q3 2022 | Q3 2021 | Q2 2022 | Q2 2021 | Q1 2022 | Q1 2021 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 42,508,000Source | 32,732,000Source | 40,600,000Source | 31,589,000Source | 37,049,000Source | 33,119,000Source | 131,574,000Source | — | — |
| Cost of Goods and Services Sold | — | — | —Source | —Source | —Source | —Source | —Source | —Source | —Source | — | — |
| Operating Income (Loss)USD | — | — | -22,721,000Source | -11,442,000Source | -15,428,000Source | -10,858,000Source | -29,540,000Source | -9,873,000Source | -49,018,000Source | -5,359,676Source | -561,491Source |
| Other Nonoperating Income (Expense)USD | — | — | 916,000Source | 277,000Source | 188,000Source | 136,000Source | 67,000Source | 108,000Source | -9,783,000Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | -21,460,000Source | -11,167,000Source | -15,506,000Source | -10,725,000Source | -29,452,000Source | -22,702,000Source | -61,313,000Source | -4,450,315Source | 1,776,566Source |
| Income Tax Expense (Benefit)USD | — | — | -251,000Source | 27,000Source | -295,000Source | 11,000Source | -425,000Source | 92,000Source | -113,000Source | 2,645Source | 373,079Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -21,209,000Source | -11,194,000Source | -15,211,000Source | -10,736,000Source | -29,027,000Source | -22,794,000Source | -61,200,000Source | -4,452,960Source | 1,403,487Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.13Source | -0.07Source | -0.09Source | -0.07Source | -0.18Source | -0.16Source | -0.39Source | — | — |
| Earnings Per Share, DilutedUSD per share | — | — | -0.13Source | -0.07Source | -0.09Source | -0.07Source | -0.18Source | -0.16Source | -0.39Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 164,175,000Source | 158,316,000Source | 163,596,000Source | 157,197,000Source | 162,974,000Source | 144,207,000Source | 155,066,000Source | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 164,175,000Source | 158,316,000Source | 163,596,000Source | 157,197,000Source | 162,974,000Source | 144,207,000Source | 155,066,000Source | — | — |
| Additional Financial Items | |||||||||||
| Amortization of Intangible AssetsUSD | — | — | 1,200,000Source | 400,000Source | 1,300,000Source | 600,000Source | 1,000,000Source | 600,000Source | 2,200,000Source | — | — |
| Capitalized Computer Software, AmortizationUSD | — | — | — | — | — | — | — | — | 300,000Source | — | — |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | — | — | 11,255,000Source | 9,368,000Source | 11,150,000Source | 9,360,000Source | 10,325,000Source | 9,253,000Source | 37,043,000Source | — | — |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 24,000Source | — | — |
| General and Administrative ExpenseUSD | — | — | 19,613,000Source | 9,838,000Source | 15,085,000Source | 10,478,000Source | 14,728,000Source | 12,450,000Source | 48,282,000Source | — | — |
| Goodwill, Impairment LossUSD | — | — | — | 0Source | — | — | — | — | 0Source | — | — |
| Gross ProfitUSD | — | — | 31,253,000Source | 23,364,000Source | 29,450,000Source | 22,229,000Source | 26,724,000Source | 23,866,000Source | 94,531,000Source | — | — |
| Investment Income, InterestUSD | — | — | — | 115,000Source | — | 131,000Source | — | 103,000Source | 440,000Source | 909,361Source | 2,338,057Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | — | — | — | — | — | — | — | -311,472Source |
| Nonoperating Income (Expense)USD | — | — | 1,261,000Source | 275,000Source | -78,000Source | 133,000Source | 88,000Source | -12,829,000Source | -12,295,000Source | 909,361Source | — |
| Operating ExpensesUSD | — | — | 53,974,000Source | 34,806,000Source | 44,878,000Source | 33,087,000Source | 56,264,000Source | 33,739,000Source | 143,549,000Source | 5,359,676Source | 561,491Source |
| Research and Development ExpenseUSD | — | — | 15,943,000Source | 13,453,000Source | 15,874,000Source | 11,270,000Source | 15,105,000Source | 10,993,000Source | 50,127,000Source | — | — |
| Selling and Marketing ExpenseUSD | — | — | 11,591,000Source | 10,310,000Source | 11,723,000Source | 9,980,000Source | 10,716,000Source | 8,936,000Source | 39,624,000Source | — | — |
| Business Combination, Acquisition Related Costs | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — |