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Private company

BTRS Holdings Inc.

BTRS Holdings Inc. is an American computer programming services company based in Lawrenceville.2

Last updated Oct 21, 2026.

Overview

$131.6MRevenue, fiscal 20213
-$61.2MNet income, fiscal 20213
  • IndustryServices-Computer Programming Services2
  • HeadquartersLawrenceville, United States2
  • Incorporated inDE4
  • Business address1009 Lenox Drive, Suite 101, Lawrenceville, Nj 086484
  • Filer categoryLarge accelerated filer4
  • Legal formCorporation2
  • LEI549300K51KDPS5MBVB542
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 73015682

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

71.8%Gross margin3
-37.3%Operating margin3
-46.5%Net margin3
21.2%Revenue growth, 20213
-19.8%Return on equity3
-$11.2MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue55¢$71.9M
  • Research and development38¢$50.1M
  • Other costs7¢$9.5M
  • Income tax0¢$113.0K

Out of $131.6M in revenue.3 The company lost money this year.

Financial statements

Revenue3$131.6M in 2021+36% since 2019
0$50.0M$100.0M$150.0M2019: $96.5M$96.5M20192020: $108.6M$108.6M2020+13%2021: $131.6M$131.6M2021+21%
Gross profit3$94.5M in 2021+47% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $64.4M$64.4M20192020: $76.0M$76.0M2020+18%2021: $94.5M$94.5M2021+24%
Operating income3-$49.0M in 2021+132% since 2019
-$60.0M-$40.0M-$20.0M02019: -$21.1M-$21.1M20192020: -$11.7M-$11.7M2020−45%2021: -$49.0M-$49.0M2021+320%
Net income3-$61.2M in 2021+168% since 2019
-$80.0M-$60.0M-$40.0M-$20.0M02019: -$22.8M-$22.8M20192020: -$17.0M-$17.0M2020−25%2021: -$61.2M-$61.2M2021+259%
Fiscal year2018201920202021
Revenue$96.5M3$108.6M3$131.6M3
Cost of revenue$72.0M3$69.6M3$71.9M3
Gross profit$64.4M3$76.0M3$94.5M3
Research and development$34.3M3$36.5M3$50.1M3
Operating expenses$143.5M3
Operating income-$21.1M3-$11.7M3-$49.0M3
Income before tax-$61.3M3
Income tax$160.0K3$204.0K3-$113.0K3
Net income-$22.8M3-$17.0M3-$61.2M3
Earnings per share-$0.233-$0.173-$0.393
Earnings per share (diluted)-$0.233-$0.173-$0.393
Shares (weighted, basic)155.1M shares3
Shares (weighted, diluted)155.1M shares3

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Corporate structure

BTRS Holdings Inc. sits at the top of its group. 3 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of BTRS Holdings Inc.

  • BTRS Holdings Inc. Lawrenceville, New Jersey, United States
    • Anachron B.V. Subsidiary · Amsterdam, Netherlands
    • ICONTROLLER Subsidiary · Ghent, Belgium

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What BTRS Holdings Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$32.1M3 Dec 31, 2021$32.2M3 Dec 31, 2020−0.4%
Accumulated depreciation$15.6M3 Dec 31, 2020
Property and equipment, net$16.6M3 Dec 31, 2020
Finance-lease assets$313.0K3 Dec 31, 2021
Operating-lease assets (leased space)$28.6M3 Dec 31, 2021

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$187.7M3 Dec 31, 2021$14.6M3 Dec 31, 2020+1181.7%
Marketable securities, current$45.1M3 Dec 31, 2021$03 Dec 31, 2020

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$88.1M3 Dec 31, 2021$37.0M3 Dec 31, 2020+138.5%
Intangible assets, net (excluding goodwill)$24.3M3 Dec 31, 2021$9.5M3 Dec 31, 2020+155.3%
Finite-lived intangibles, gross$29.8M3 Dec 31, 2021$19.5M3 Dec 31, 2020+52.8%
Accumulated amortization$5.5M3 Dec 31, 2021$10.0M3 Dec 31, 2020−45.2%
Finite-lived intangibles, net$24.3M3 Dec 31, 2021$9.5M3 Dec 31, 2020+155.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$800.0K3 Dec 31, 2021$700.0K3 Dec 31, 2020+14.3%

Leadership

Who has led BTRS Holdings Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Charles B. Bernicker2019
  2. Flint A. Lane2021–2022

President

  1. Steven Pinado2021–2022

Chief financial officer

  1. Nicholas Dermatas2019
  2. Mark L. Shifke2021–2022
20202025
Board members and other officers (14)

Former names

  • South Mountain Merger Corp.May 3, 2019 to Jan 12, 20214

Timeline

  1. Dec 16, 20228-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights25
  2. Dec 13, 20228-K Shareholder vote; Other events26
  3. Dec 5, 20228-K Other events27
  4. Nov 7, 20228-K Results of operations28
  5. Sep 28, 20228-K Entered a material agreement; Other events29
  6. Sep 20, 20228-K Executive or director change30
  7. Aug 9, 20228-K Results of operations31
  8. Jun 22, 20228-K Regulation FD disclosure32
  9. Jun 2, 20228-K Shareholder vote33
  10. May 17, 20228-K Executive or director change34
  11. May 12, 20228-K Results of operations35
  12. May 11, 20228-K Results of operations36
  13. Jan 21, 2021New chief executive Flint A. Lane becomes CEO9
  14. Jun 19, 2019New chief executive Charles B. Bernicker becomes CEO10
  15. Feb 28, 2019Founded BTRS Holdings Inc. is founded2

Calendar

When it reported results

  1. Nov 7, 2022Reported quarterly or annual results28
  2. Aug 9, 2022Reported quarterly or annual results31
  3. May 12, 2022Reported quarterly or annual results35
  4. May 11, 2022Reported quarterly or annual results36
  5. Mar 1, 2022Reported quarterly or annual results37
  6. Nov 10, 2021Reported quarterly or annual results38

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

148 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 21 major events, 79 insider forms, 10 large holders, 33 other. The latest 20:

  1. Feb 10, 2023SC 13G/A BTRS HOLDINGS INC. EDGAR
  2. Feb 9, 2023SC 13G/A EDGAR
  3. Jan 3, 2023EFFECT EDGAR
  4. Dec 27, 202215-12G EDGAR
  5. Dec 21, 2022POS AM EDGAR
  6. Dec 20, 20224 EDGAR
  7. Dec 20, 20224 EDGAR
  8. Dec 20, 20224 EDGAR
  9. Dec 20, 20224 EDGAR
  10. Dec 20, 20224 EDGAR
  11. Dec 20, 20224 EDGAR
  12. Dec 20, 20224 EDGAR
  13. Dec 20, 20224 EDGAR
  14. Dec 20, 20224 EDGAR
  15. Dec 20, 20224 EDGAR
  16. Dec 20, 20224 EDGAR
  17. Dec 20, 20224 EDGAR
  18. Dec 20, 2022SC 13D/A EDGAR
  19. Dec 20, 20224 FORM 4 SUBMISSION EDGAR
  20. Dec 20, 20224 FORM 4 SUBMISSION EDGAR

The 148 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

20 open-market trades by officers, directors and large owners since October 2021: 7 buys and 13 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 1, 2022Herning Andrew JSenior Vice President, FinanceSale30,456$9.46$288.1KForm 4
Nov 11, 2022Eng JoeChief Information OfficerSale4,221$9.45$39.9KForm 4
Nov 11, 2022O'Connor JeanneChief Talent OfficerSale468$9.45$4.4KForm 4
Nov 11, 2022Herning Andrew JSenior Vice President, FinanceSale294$9.45$2.8KForm 4
Sep 28, 2022Pinado StevenPresidentSale141,253$9.30$1.3MForm 4
Jun 10, 2022Eng JoeChief Information OfficerBuy30,590$4.85$148.4KForm 4
Jun 1, 2022Herning Andrew JSenior Vice President, FinanceSale5,496$4.93$27.1KForm 4
May 24, 2022Murray John WicliffeDirectorBuy21,768$4.59$99.9KForm 4
May 16, 2022Pinado StevenPresidentSale13,151$4.74$62.3KForm 4
May 16, 2022O'Connor JeanneChief Talent OfficerSale561$4.74$2.7KForm 4
May 16, 2022Herning Andrew JSenior Vice President, FinanceSale366$4.74$1.7KForm 4
May 16, 2022Eng JoeChief Information OfficerSale4,529$4.74$21.5KForm 4
May 16, 2022Shifke Mark LChief Financial OfficerSale382$4.74$1.8KForm 4
Mar 18, 2022Herning Andrew JSenior Vice President, FinanceSale5,000$6.98$34.9KForm 4
Dec 14, 2021Bernicker Charles B.DirectorBuy9,000$7.84$70.6KForm 4
Dec 13, 2021Bernicker Charles B.DirectorBuy1,000$7.78$7.8KForm 4
Dec 6, 2021Lane Flint A.Chief Executive OfficerBuy65,614$7.00$459.3KForm 4
Dec 3, 2021Spottiswood JuliDirectorBuy10,000$6.82$68.2KForm 4
Dec 3, 2021Lane Flint A.Chief Executive OfficerBuy34,386$6.84$235.2KForm 4
Nov 17, 2021Herning Andrew JSenior Vice President, FinanceSale423$8.82$3.7KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How BTRS Holdings Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBTRS Holdings Inc.1
  • CIK0001774155
  • Employer ID (EIN)83-37806851
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)7371 Services-Computer Programming Services1
  • Business address1009 Lenox Drive, Suite 101, Lawrenceville, NJ 086481
  • Phone60923510101
  • Public float$1.1B as of Jun 30, 20213
  • On EDGAR sinceMay 3, 20191
  • Filings325 in all: 4 (119), 8-K (37), 3 (23), 425 (21), 10-Q (11), CORRESP (11), SC 13G (11), 424B3 (10)1
    All 39 form types

    SC 13G/A (9), EFFECT (8), UPLOAD (8), DEFA14A (6), 4/A (4), SC 13D/A (4), 10-K (3), 25-NSE (3), POS AM (3), S-1 (3), S-4/A (3), SC 13D (3), 424B7 (2), DRS (2), S-1/A (2), S-4 (2), S-8 (2), S-8 POS (2), 15-12G (1), 424B4 (1), 8-A12B (1), 8-K/A (1), CERT (1), DEF 14A (1), DEFM14A (1), DRSLTR (1), NT 10-K (1), PREM14A (1), S-1MEF (1), SC TO-I (1), SC TO-I/A (1)

  • Latest filingsAnnual report (10-K) Mar 9, 2022
    Quarterly report (10-Q) Nov 7, 2022
    Proxy statement (DEF 14A) Apr 22, 2022
    Latest 8-K (8-K) Dec 16, 2022

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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