v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Gross revenue $ 848.3 $ 707.4
Cost of sales (exclusive of certain depreciation and amortization expense shown separately below) (591.3) (519.6)
General and administrative expenses (154.0) (107.1)
Revaluation of contingent liabilities 3.7 (2.1)
Depreciation and amortization expense [1] (56.0) (44.8)
Professional expenses (18.6) (8.0)
Advertising and marketing expenses (6.7) (4.4)
Income from operations 25.4 21.4
Interest income 12.4 5.4
Other income (expense), net (1.2) 1.4
Gain on investments in securities 0.3 11.0
Change in TRA liability 3.0 (1.2)
Interest expense (28.5) (8.1)
Income before income taxes 11.4 29.9
Income tax benefit (expense) 8.1 (1.4)
Net income 19.5 28.5
Less: Net income attributable to noncontrolling interests (2.8) (7.9)
Net income attributable to Shift4 Payments, Inc. $ 16.7 $ 20.6
Class A common stock    
Basic net income per share    
Net income per share - basic (in dollars per share) $ 0.24 $ 0.31
Weighted average common stock outstanding - basic (in shares) 67,700,208 64,444,479
Diluted net income per share    
Net income per share - diluted (in dollars per share) $ 0.20 $ 0.31
Weighted average common stock outstanding - diluted (in shares) 90,703,736 65,962,229
Class C common stock    
Basic net income per share    
Net income per share - basic (in dollars per share) $ 0.24 $ 0.31
Weighted average common stock outstanding - basic (in shares) 1,452,252 1,694,915
Diluted net income per share    
Net income per share - diluted (in dollars per share) $ 0.20 $ 0.31
Weighted average common stock outstanding - diluted (in shares) 1,452,252 1,694,915
[1] Depreciation and amortization expense includes depreciation of equipment under lease of $16.3 million and $11.9 million for the three months ended March 31, 2025 and 2024, respectively.

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