v3.25.1
Contract Liabilities
12 Months Ended
Dec. 31, 2024
Contract with Customer, Liability [Abstract]  
Contract Liabilities Contract Liabilities
The timing of Services revenue recognition may differ from the timing of invoicing to or collections from customers. The Company’s contract liabilities balance, which is included in Deferred revenue within the Company’s consolidated balance sheets, is primarily comprised of unredeemed gift cards, prepayments received from consumers for Wag! Premium subscriptions, and certain consumer credits for which the revenue is recognized over time as they are used for services on its platform. The contract liabilities balance was $1.4 million and $1.8 million as of December 31, 2024 and 2023, respectively. Revenues recognized related to the Company’s contract liabilities as of the beginning of the year was $1.1 million and $1.6 million for the years ended December 31, 2024 and 2023, respectively.