Balance Sheet Components (Tables)
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3 Months Ended |
Mar. 31, 2025 |
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| Balance Sheet Related Disclosures [Abstract] |
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| Schedule of Cash and Cash Equivalents |
The following table reconciles cash and cash equivalents, restricted cash, and funds held in escrow that are restricted as reported in the condensed consolidated balance sheets as of March 31, 2025 and December 31, 2024 to the total of the same amounts shown in the condensed consolidated statement of cash flows for the three months ended March 31, 2025: | | | | | | | | | | | | | (In thousands) | March 31, 2025 | | December 31, 2024 | | Cash and cash equivalents | $ | 304,449 | | | $ | 305,757 | | | Restricted cash | 3,800 | | | 4,100 | | | Funds held in escrow, including funds in transit | 215,942 | | | 195,736 | | | Total cash, cash equivalents, and restricted cash as shown in the condensed consolidated statement of cash flows | $ | 524,191 | | | $ | 505,593 | |
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| Schedule of Property and Equipment, Net |
Property and equipment, net consisted of the following as of the dates presented: | | | | | | | | | | | | | (In thousands) | March 31, 2025 | | December 31, 2024 | | Internal-use software and platform development | $ | 64,145 | | | $ | 59,815 | | | Computer equipment and software | 7,066 | | | 6,817 | | | Leasehold improvements | 8,683 | | | 6,025 | | | Office furniture and fixtures | 1,940 | | | 1,755 | | | Total property and equipment | 81,834 | | | 74,412 | | | Less: accumulated depreciation | (46,907) | | | (44,356) | | | Property and equipment, net | $ | 34,927 | | | $ | 30,056 | |
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| Schedule of Finite-Lived Intangible Assets |
The carrying value of intangible assets was as follows as of the dates presented: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | (In thousands) | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Developed technology | $ | 11,000 | | | $ | 1,222 | | | $ | 9,778 | | | $ | 11,000 | | | $ | 305 | | | $ | 10,695 | | | Assembled workforce | 3,188 | | | 2,125 | | | 1,063 | | | 3,188 | | | 1,727 | | | 1,461 | | | Customer relationships | 1,000 | | | 667 | | | 333 | | | 1,000 | | | 167 | | | 833 | | Total | $ | 15,188 | | | $ | 4,014 | | | $ | 11,174 | | | $ | 15,188 | | | $ | 2,199 | | | $ | 12,989 | |
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| Schedule of Accrued Expenses and Other Current Liabilities |
Accrued expenses and other current liabilities consisted of the following as of the dates presented: | | | | | | | | | | | | | (In thousands) | March 31, 2025 | | December 31, 2024 | | Accrued compensation and related benefits | $ | 14,170 | | | $ | 30,666 | | | Accrued indirect taxes | 14,624 | | | 11,394 | | | Accrued vendor expenses | 9,060 | | | 9,485 | | | Accrued payment processing fees | 4,936 | | | 4,478 | | | Operating lease liability, current | 1,636 | | | 1,624 | | | Accrued talent costs | 2,079 | | | 801 | | | Other | 638 | | | 852 | | | Total accrued expenses and other current liabilities | $ | 47,143 | | | $ | 59,300 | |
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