David Koning

“When we think about the acceleration, I was kind of thinking of a few buckets that it seems like the spending might fall into. First of all, business spending had been kind of slow in general.”

“I guess, first of all, in the commercial business, just so we think correctly, sequentially, it seems like the only two things really to think about sequentially, one, you typically grow 8% to 10% sequentially, just seasonality, and then two, the true up, the $2 million, you get that back, right?”

“And I guess my first question, the economics of the wallet, I think it's kind of the paymentous trifecta here, because if I load $1,000 every month, first of all, you get float revenue.”

“I guess my first question, just longer-term margins, I know you've had some puts and takes, but, you know, if we think back to, I think, 22 to 24, you had 14% or so margins.”

“So, you know, Q4 growth was really good. I assume the first half will continue to be good on easy comps. So that's on the growth side. And then on the yield side, just understanding yield was really good in 25.”