PEERLY INC.

$16.60M 2025-2026 cycle

PEERLY INC. is a digital vendor. In the 2025-2026 cycle PEERLY INC. was paid $16.60M across 177 client committees, of which $321K flowed through Independent Expenditures rather than direct committee payments.

Digital ● Recent

Part I Identity

Stable facts about this entity. These figures do not change as you adjust the timeframe in Part II.

Source split

$16.60M = $16.28M (Schedule B) + $321K (Independent Expenditures)
Schedule B
direct committee payments
$16,281,880 915 rows 98.1%
Independent Expenditures
money this entity spent supporting candidates, NOT a committee paying them
$321,247 79 rows 1.9%
Activity span ALL TIME
Jun 23, 2020 → Sep 24, 2026
spans 6.3 years
Disbursements ALL TIME
915
Schedule B + IE rows
Client committees ALL TIME
177
distinct payers

Part II Activity in selected window

One timeframe control governs all three panels below. Change it once and the trajectory, top buyers, and party breakdown all update together.

Spend trajectory

Monthly spend to this vendor over the last 12 months.

Oct 2025 Sep 2026
$779K across 12 months
#

Top buyers

Two views of the same data — diagram and table share the time-window control and the same top-buyers slice. Click "View all buyers in research" to drill in with the matching date range.

VIEW 1 DIAGRAM DECORATIVE

Top buyers last 1 months · top 1

FRONTERA TEXAS PAC $6K — · 3 txns P PEERLY INC.
VIEW 2 TABLE EXPORTABLE
Filer Total spend Disbursements
FRONTERA TEXAS PAC
00088660
$6,358 3
VIEW 1 DIAGRAM DECORATIVE

Top buyers last 3 months · top 5

FRONTERA TEXAS PAC $17K — · 9 txns WARNER, WILLIAM TODD $3K — · 1 txn COLE, BRIAN $2K — · 2 txns CHERFILUS-MCCORMICK, SHEILA $1K — · 1 txn BARROWS LESLIE S $779 — · 2 txns P PEERLY INC.
VIEW 2 TABLE EXPORTABLE
Filer Total spend Disbursements
FRONTERA TEXAS PAC
00088660
$17,066 9
WARNER, WILLIAM TODD
TN · House REP
$2,578 1
COLE, BRIAN
NH · House REP
$1,547 2
CHERFILUS-MCCORMICK, SHEILA
FL · House DEM
$1,030 1
BARROWS LESLIE S
00089660
$779 2
VIEW 1 DIAGRAM DECORATIVE

Top buyers last 6 months · top 10

FRENCH BO MR $304K Digital · 9 txns DALLAS VOTES 4 KIDS PAC $26K — · 2 txns FRONTERA TEXAS PAC $20K — · 12 txns MUSGROVE FOR SENATE 2026 $19K Digital · 19 txns KEPNER FOR STATE SENATE 2026; ANNE $8K Digital · 6 txns WARNER, WILLIAM TODD $6K — · 4 txns WILT, ROBIN $5K — · 5 txns CHERFILUS-MCCORMICK, SHEILA $5K — · 6 txns SMITH FOR JUDGE 2026; ZACHARY $5K — · 1 txn DAMMEIER FOR JUDGE 2026 $4K Digital · 1 txn P PEERLY INC.
VIEW 2 TABLE EXPORTABLE
Filer Total spend Disbursements
FRENCH BO MR
00088180
$304,427 9
DALLAS VOTES 4 KIDS PAC
00090593
$26,312 2
FRONTERA TEXAS PAC
00088660
$20,418 12
MUSGROVE FOR SENATE 2026
1477630
$19,484 19
KEPNER FOR STATE SENATE 2026; ANNE
1488006
$7,889 6
WARNER, WILLIAM TODD
TN · House REP
$6,031 4
WILT, ROBIN
NY · House DEM
$5,200 5
CHERFILUS-MCCORMICK, SHEILA
FL · House DEM
$5,156 6
SMITH FOR JUDGE 2026; ZACHARY
1488792
$4,800 1
DAMMEIER FOR JUDGE 2026
1488830
$4,000 1
VIEW 1 DIAGRAM DECORATIVE

Top buyers last 12 months · top 10

FRENCH BO MR $362K Digital · 14 txns TEXANS UNITED FOR A CONSERVATIVE MAJO… $172K Digital · 3 txns TRUMP, DONALD J. $79K Digital · 1 txn FRONTERA TEXAS PAC $35K Digital · 20 txns DALLAS VOTES 4 KIDS PAC $26K — · 2 txns MUSGROVE FOR SENATE 2026 $19K Digital · 19 txns BARROWS LESLIE S $8K Digital · 13 txns KEPNER FOR STATE SENATE 2026; ANNE $8K Digital · 6 txns TEXAS HOME SCHOOL COALITION ASSOCIATI… $7K — · 4 txns GARCIA JR JESUS T MR CHUY $7K Digital · 5 txns P PEERLY INC.
VIEW 2 TABLE EXPORTABLE
Filer Total spend Disbursements
FRENCH BO MR
00088180
$362,303 14
TEXANS UNITED FOR A CONSERVATIVE MAJORITY PAC
00088252
$171,838 3
TRUMP, DONALD J.
US · President REP
$79,323 1
FRONTERA TEXAS PAC
00088660
$35,367 20
DALLAS VOTES 4 KIDS PAC
00090593
$26,312 2
MUSGROVE FOR SENATE 2026
1477630
$19,484 19
BARROWS LESLIE S
00089660
$8,086 13
KEPNER FOR STATE SENATE 2026; ANNE
1488006
$7,889 6
TEXAS HOME SCHOOL COALITION ASSOCIATION
00070169
$6,720
IE $6,720
4
GARCIA JR JESUS T MR CHUY
00090437
$6,586 5
VIEW 1 DIAGRAM DECORATIVE

Top buyers last 18 months · top 10

FRENCH BO MR $362K Digital · 14 txns TRUMP, DONALD J. $336K Digital · 4 txns TRUMP NATIONAL COMMITTEE JFC, INC. $210K Digital · 6 txns TEXANS UNITED FOR A CONSERVATIVE MAJO… $188K Digital · 4 txns REPUBLICAN PARTY OF TEXAS $50K Digital · 4 txns FRONTERA TEXAS PAC $37K Digital · 26 txns DALLAS VOTES 4 KIDS PAC $26K — · 2 txns TARRANT COUNTY PATRIOTS PAC $20K Digital · 5 txns MUSGROVE FOR SENATE 2026 $19K Digital · 19 txns PROTECT NEIGHBORHOODS $15K Digital · 1 txn P PEERLY INC.
VIEW 2 TABLE EXPORTABLE
Filer Total spend Disbursements
FRENCH BO MR
00088180
$362,303 14
TRUMP, DONALD J.
US · President REP
$336,116 4
TRUMP NATIONAL COMMITTEE JFC, INC.
C00873893
$210,411 6
TEXANS UNITED FOR A CONSERVATIVE MAJORITY PAC
00088252
$188,178 4
REPUBLICAN PARTY OF TEXAS
00015662
$49,598 4
FRONTERA TEXAS PAC
00088660
$37,274 26
DALLAS VOTES 4 KIDS PAC
00090593
$26,312 2
TARRANT COUNTY PATRIOTS PAC
00086801
$19,736 5
MUSGROVE FOR SENATE 2026
1477630
$19,484 19
PROTECT NEIGHBORHOODS
1441646
$15,000 1
VIEW 1 DIAGRAM DECORATIVE

Top buyers last 24 months · top 10

TRUMP, DONALD J. $3.63M Digital · 9 txns TEXANS UNITED FOR A CONSERVATIVE MAJO… $488K Digital · 16 txns FRENCH BO MR $362K Digital · 14 txns TRUMP NATIONAL COMMITTEE JFC, INC. $232K Digital · 9 txns REPUBLICAN PARTY OF TEXAS $195K Digital · 7 txns CONSERVATIVE TEXAS ALLIANCE PAC DISSO… $55K Digital · 2 txns FRONTERA TEXAS PAC $37K Digital · 26 txns DALLAS VOTES 4 KIDS PAC $26K — · 2 txns TARRANT COUNTY PATRIOTS PAC $21K Digital · 6 txns MUSGROVE FOR SENATE 2026 $19K Digital · 19 txns P PEERLY INC.
VIEW 2 TABLE EXPORTABLE
Filer Total spend Disbursements
TRUMP, DONALD J.
US · President REP
$3,634,562 9
TEXANS UNITED FOR A CONSERVATIVE MAJORITY PAC
00088252
$488,022 16
FRENCH BO MR
00088180
$362,303 14
TRUMP NATIONAL COMMITTEE JFC, INC.
C00873893
$232,042 9
REPUBLICAN PARTY OF TEXAS
00015662
$195,282
IE $145,684 · SB $49,598
7
CONSERVATIVE TEXAS ALLIANCE PAC DISSOLVED
00088627
$55,000 2
FRONTERA TEXAS PAC
00088660
$37,274 26
DALLAS VOTES 4 KIDS PAC
00090593
$26,312 2
TARRANT COUNTY PATRIOTS PAC
00086801
$21,436 6
MUSGROVE FOR SENATE 2026
1477630
$19,484 19

By party

Revenue by party

98% R
D · 2%
R · 98%
PartyAmount%
Democratic $117,312 0.71%
Republican $7,100,521 42.77%
Non-partisan $9,385,295 56.53%

Part III Reference tables

Full all-time and cycle-to-date data.

#
#

Money flow through this vendor

Money flow through this vendor

top payers (left) → broadcast stations clients buy from (right)

Money flowed in during the last 1 months, but no itemized outflow is on the public record for this window.

Money flowed in during the last 3 months, but no itemized outflow is on the public record for this window.

Where their ad buys point

IE payers (left) → races the buys targeted (right) · independent-expenditure filings only

No activity in the last 1 months.

No activity in the last 3 months.

No activity in the last 6 months.

PEERLY INC. TEXAS HOME SCHOOL COALITION… $7K Unspecified races (11 filin… $10K Total in: $7K Total out: $10K

Outflow is on record for the last 18 months, but no itemized payers are.

PEERLY INC. REPUBLICAN PARTY OF TEXAS $146K Donald J. Trump (support) $4K Lee Brian Mr. Jr. Reeves (o… $2K Nella Louise Louise Domenic… $2K Martin Heinrich (oppose) $1K Gabriel Vasquez (oppose) $1K Unspecified races (23 filin… $168K Total in: $146K Total out: $178K
#

Cycle-over-cycle trajectory

2020202120222023202420252026 Q2 2020 (2020 cycle): $371Q3 2020 (2020 cycle): $82KQ4 2020 (2020 cycle): $84KQ1 2021 (2020 cycle): $2KQ1 2021 (2022 cycle): $21KQ2 2021 (2020 cycle): $2KQ2 2021 (2022 cycle): $31KQ3 2021 (2020 cycle): $64KQ3 2021 (2022 cycle): $360Q4 2021 (2020 cycle): $18KQ4 2021 (2022 cycle): $21KQ1 2022 (2022 cycle): $66KQ2 2022 (2022 cycle): $98KQ3 2022 (2022 cycle): $50KQ4 2022 (2022 cycle): $98KQ1 2023 (2022 cycle): $2KQ1 2023 (2024 cycle): $34KQ2 2023 (2022 cycle): $105KQ2 2023 (2024 cycle): $524KQ3 2023 (2022 cycle): $29KQ3 2023 (2024 cycle): $423KQ4 2023 (2022 cycle): $15KQ4 2023 (2024 cycle): $902KQ1 2024 (2024 cycle): $4.97MQ2 2024 (2024 cycle): $1.38MQ3 2024 (2024 cycle): $1.89MQ4 2024 (2024 cycle): $3.95MQ4 2024 (2026 cycle): $360Q1 2025 (2024 cycle): $36KQ1 2025 (2026 cycle): $11KQ2 2025 (2024 cycle): $32KQ2 2025 (2026 cycle): $159KQ3 2025 (2024 cycle): $96KQ3 2025 (2026 cycle): $310KQ4 2025 (2024 cycle): $33KQ4 2025 (2026 cycle): $85KQ1 2026 (2026 cycle): $242KQ2 2026 (2026 cycle): $393KQ3 2026 (2026 cycle): $26K Q2Q4Q1Q2Q3Q4Q2Q4Q1Q2Q3Q4Q2Q4Q1Q2Q3Q4Q1Q3 $4.97M

current cycle earlier election cycle off-cycle year quarterly · 7 years

Per-quarter totals
Year Q Cycle Total Txns Top buyer · share Top category · share Cum. (cycle) YoY %
2020 Q2 2020 $371 2 HATTERSLEY FOR CONGRESS 100% Digital 100% $371 —
2020 Q3 2020 $82K 25 DALLAS COUNTY DEMOCRATIC PA… 79% Digital 98% $82K —
2020 Q4 2020 $84K 36 JO JORGENSEN FOR PRESIDENT 43% Digital 100% $166K —
2021 Q1 2020 $2K 5 DALLAS COUNTY DEMOCRATIC PA… 42% Digital 100% $168K —
2021 Q1 2022 $21K 2 CRENSHAW, DANIEL 100% Digital 100% $21K —
2021 Q2 2020 $2K 2 WILLIAMSON COUNTY REPUBLICA… 84% Digital 100% $170K —
2021 Q2 2022 $31K 3 CRENSHAW, DANIEL 100% Digital 100% $52K —
2021 Q3 2020 $64K 10 KILEY FOR GOVERNOR 2021; KE… 78% Digital 100% $234K —
2021 Q3 2022 $360 1 CONTRA COSTA REPUBLICAN PAR… 100% Digital 100% $52K —
2021 Q4 2020 $18K 19 HARRIS COUNTY REPUBLICAN PA… 68% Digital 100% $252K —
2021 Q4 2022 $21K 3 CRENSHAW, DANIEL 98% Digital 100% $73K —
2022 Q1 2022 $66K 64 ROSTAMI MATT MR MAHDI 25% Digital 100% $139K —
2022 Q2 2022 $98K 81 REEVES FOR CONGRESS 13% Digital 100% $237K +26362%
2022 Q3 2022 $50K 43 HOLNESS, DALE V.C. MR. 28% Digital 100% $286K -39%
2022 Q4 2022 $98K 68 TEXAS FREEDOM FUND FOR THE … 19% Digital 99% $385K +17%
2023 Q1 2022 $2K 2 TEXAS FREEDOM FUND FOR THE … 89% Digital 100% $387K +28%
2023 Q1 2024 $34K 4 TEAM STAND FOR AMERICA 83% Digital 100% $34K +65%
2023 Q2 2022 $105K 11 TEXAS FREEDOM FUND FOR THE … 95% Digital 100% $492K +4442%
2023 Q2 2024 $524K 17 TEAM STAND FOR AMERICA 58% Digital 99% $558K +1595%
2023 Q3 2022 $29K 6 TEXAS FREEDOM FUND FOR THE … 85% Digital 100% $522K -54%
2023 Q3 2024 $423K 16 TEAM STAND FOR AMERICA 55% Digital 100% $981K +117437%
2023 Q4 2022 $15K 10 TEXAS FREEDOM FUND FOR THE … 34% Digital 100% $536K -19%
2023 Q4 2024 $902K 27 TEAM STAND FOR AMERICA 58% Digital 100% $1.88M +4199%
2024 Q1 2024 $4.97M 80 TEAM STAND FOR AMERICA 59% Digital 100% $6.85M +7458%
2024 Q2 2024 $1.38M 60 TRUMP NATIONAL COMMITTEE JF… 50% Digital 100% $8.23M +1305%
2024 Q3 2024 $1.89M 52 TRUMP NATIONAL COMMITTEE JF… 86% Digital 100% $10M +3698%
2024 Q4 2024 $3.95M 63 TRUMP, DONALD J. 83% Digital 100% $14M +3915%
2024 Q4 2026 $360 1 ENGAGE Y'ALL PAC 100% Digital 100% $360 —
2025 Q1 2024 $36K 8 TEXANS UNITED FOR A CONSERV… 90% Digital 100% $14M +1532%
2025 Q1 2026 $11K 7 KENNEDY, ROBERT F JR 76% Digital 100% $11K -68%
2025 Q2 2024 $32K 15 PROYECTO AZUL ADVOCACY & EN… 31% Digital 100% $14M -70%
2025 Q2 2026 $159K 5 TRUMP NATIONAL COMMITTEE JF… 77% Digital 100% $170K -70%
2025 Q3 2024 $96K 17 REPUBLICAN PARTY OF TEXAS 48% Digital 100% $14M +227%
2025 Q3 2026 $310K 7 TRUMP, DONALD J. 71% Digital 100% $480K -27%
2025 Q4 2024 $33K 12 TEXANS UNITED FOR A CONSERV… 56% Digital 100% $14M +127%
2025 Q4 2026 $85K 9 TRUMP, DONALD J. 93% Digital 100% $565K -91%
2026 Q1 2026 $242K 28 TEXANS UNITED FOR A CONSERV… 63% Digital 98% $808K -95%
2026 Q2 2026 $393K 63 FRENCH BO MR 78% Digital 67% $1.2M -71%
2026 Q3 2026 $26K 19 FRONTERA TEXAS PAC 69% — $1.23M -99%

Stations this firm's clients buy from

#

Stations this firm's clients buy from top 15 + 1 additional stations · $516,240 · Miami, FL dominant market

Broadcast stations that committees who pay PEERLY INC. also pay directly on their Schedule B filings. We can't prove PEERLY INC. routed money to these stations, but the concentration signal reveals the market network this firm's clients spend on.

Station Market Network Total client spend Buys Activity window
WFOR New York, NY CBS $113,713 7 Jul 2021 → Oct 2021
WSVN Miami, FL NBC $87,645 6 Oct 2021 → Aug 2022
KHSL-TV Chico, CA NBC $70,850 5 Sep 2022 → Nov 2022
WPLG Miami, FL ABC $43,137 4 Jul 2022 → Aug 2022
WDAM Hattiesburg, MS NBC $35,687 3 Feb 2024 → Mar 2024
WLOX Biloxi, MS ABC $28,609 3 Feb 2024 → Mar 2024
WXXV Biloxi, MS Independent $25,164 2 Feb 2024 → Mar 2024
KJLH-FM Los Angeles, CA — $25,100 2 May 2022
KTVU San Francisco, CA Fox $18,100 3 May 2026 → May 2026
KJLH Los Angeles, CA Unknown $17,775 5 Feb 2024 → May 2026
WPTV West Palm Beach, FL NBC $16,632 4 Jul 2022 → Aug 2022
KRGV Weslaco, TX ABC $12,984 1 Jan 2022
KXTV Sacramento, CA NBC $10,000 1 Oct 2022
KQOD-FM Sacramento, CA Independent $8,380 3 Jun 2022 → Nov 2022
KCOH Houston, TX Independent $2,000 2 Feb 2022 → Mar 2022
#

Revenue by service category

No category revenue in this window.

No category revenue in this window.

Revenue by service category

last 6 months · hover bars for cycle context
Digital — cycle-to-date Total: $16.1M across 818 disbursements (avg $20K/check) Top buyer: TEAM STAND FOR AMERICA (25% of category) Last paid: 3mo ago · +13% vs prior cycle Digital $262K Admin & Office — cycle-to-date Total: $110 across 1 disbursements (avg $110/check) Top buyer: GARCIA JR JESUS T MR CHUY (100% of category) Last paid: 5mo ago · no prior-cycle baseline Admin & Office $110

Revenue by service category

last 12 months · hover bars for cycle context
Digital — cycle-to-date Total: $16.1M across 818 disbursements (avg $20K/check) Top buyer: TEAM STAND FOR AMERICA (25% of category) Last paid: 3mo ago · +13% vs prior cycle Digital $615K Admin & Office — cycle-to-date Total: $110 across 1 disbursements (avg $110/check) Top buyer: GARCIA JR JESUS T MR CHUY (100% of category) Last paid: 5mo ago · no prior-cycle baseline Admin & Office $110

Revenue by service category

last 18 months · hover bars for cycle context
Digital — cycle-to-date Total: $16.1M across 818 disbursements (avg $20K/check) Top buyer: TEAM STAND FOR AMERICA (25% of category) Last paid: 3mo ago · +13% vs prior cycle Digital $1.21M Admin & Office — cycle-to-date Total: $110 across 1 disbursements (avg $110/check) Top buyer: GARCIA JR JESUS T MR CHUY (100% of category) Last paid: 5mo ago · no prior-cycle baseline Admin & Office $110

Revenue by service category

last 24 months · hover bars for cycle context
Digital — cycle-to-date Total: $16.1M across 818 disbursements (avg $20K/check) Top buyer: TEAM STAND FOR AMERICA (25% of category) Last paid: 3mo ago · +13% vs prior cycle Digital $4.96M Admin & Office — cycle-to-date Total: $110 across 1 disbursements (avg $110/check) Top buyer: GARCIA JR JESUS T MR CHUY (100% of category) Last paid: 5mo ago · no prior-cycle baseline Admin & Office $110
Per-category breakdown · cycle-to-date
Category Total spend Txns Avg check % of total Top buyer · share Last paid
Digital $16,100,228 818 $20K 99.9% TEAM STAND FOR AMERICA 25% 3mo ago
Other / Unclassified $10,605 32 $331 0.1% FRIENDS OF DR BOB 83% 23mo ago
Admin & Office $110 1 $110 0.0% GARCIA JR JESUS T MR CHUY 100% 5mo ago
#

Client retention

Sticky-relationship signal: how many clients keep coming back across cycles vs one-time buyers.

4
Anchor clients 3+ cycles
$59,192 · 0% of revenue
23
Repeat clients 2 cycles
$8,133,976 · 50% of revenue
150
One-time clients 1 cycle
$8,088,712 · 50% of revenue
Top 4 anchor clients · all-time
Client Cycles All-time spend Txns First paid Last paid
CONTRA COSTA REPUBLICAN PARTY (FED) 3 $28,997 25 2020-10-13 2023-12-18
GUILLEN RYAN A HONORABLE 3 $10,713 9 2020-10-16 2024-01-11
WILLIAMSON COUNTY REPUBLICAN PARTY GENERAL ELECTION CAMPAIGN FUND 3 $9,858 6 2021-04-21 2024-10-29
CONTRA COSTA REPUBLICAN PARTY 3 $9,624 13 2021-08-23 2024-04-17
#

Geographic concentration

Where this vendor's clients are based — federal committees by state, plus implicit jurisdiction for CA and TX state filers.

State   Total spend % of revenue Clients
SC
$6,852,727 42.4% 4
VA
$6,771,669 41.9% 6
TX
$1,902,293 11.8% 74
CA
$272,769 1.7% 29
MA
$228,065 1.4% 1
FL
$34,893 0.2% 5
IN
$27,359 0.2% 2
AZ
$19,989 0.1% 5
CO
$18,696 0.1% 7
NY
$16,372 0.1% 6
OH
$14,469 0.1% 3
OK
$14,209 0.1% 4
#

Notable disbursements

5 largest all-time · 5 largest in the current cycle · 5 most recent. Each row earns its place.

Reason Date Filer Category Purpose Amount
Largest all-time 2024-10-23 TRUMP, DONALD J. Digital SMS ADVERTISING $1,384,912
Largest all-time 2024-01-12 TEAM STAND FOR AMERICA Digital TEXT MESSAGING $1,327,552
Largest all-time 2024-02-08 TEAM STAND FOR AMERICA Digital TEXT MESSAGING $1,095,770
Largest all-time 2024-10-30 TRUMP, DONALD J. Digital SMS ADVERTISING $719,617
Largest all-time 2024-03-08 HALEY, NIKKI Digital TEXT MESSAGING $700,783
Largest this cycle 2025-08-12 TRUMP, DONALD J. Digital SMS ADVERTISING $165,859
Largest this cycle 2026-01-23 TEXANS UNITED FOR A CONSERVATIVE MAJORITY PAC Digital Purchase of text credits $103,515
Largest this cycle 2026-05-11 FRENCH BO MR Digital Poltical texting $90,860
Largest this cycle 2025-10-17 TRUMP, DONALD J. Digital SMS ADVERTISING $79,323
Largest this cycle 2026-05-04 FRENCH BO MR Digital Poltical texting $73,468
Recent 2026-09-21 FRONTERA TEXAS PAC — TEXTING EXPENSE FOR PAC PURPOSES $2,119
Recent 2026-09-18 FRONTERA TEXAS PAC — TEXTING EXPENSE FOR PAC PURPOSES $2,119
Recent 2026-09-08 FRONTERA TEXAS PAC — TEXTING EXPENSE FOR PAC PURPOSES $2,119
Recent 2026-09-24 FRONTERA TEXAS PAC — TEXTING EXPENSE FOR PAC PURPOSES $2,119
Recent 2026-09-04 FRONTERA TEXAS PAC — TEXTING EXPENSE FOR PAC PURPOSES $2,119
6 raw FEC name variants collapsed into this canonical entity
See all 915 disbursements →