v3.25.1
Other Financial Statement Information (Tables)
 3 Months Ended
Mar. 31, 2025
Other Financial Information [Abstract]  
Schedule of Changes in the Allowance
Changes in the allowances consisted of the following (in thousands):
Three Months Ended March 31,
20252024
Beginning balance$2,121 $4,906 
Add: amounts recognized as a reduction of revenue1,236 1,545 
Add (less): allowance for credit losses recognized in general and administrative expense
40 (154)
Less: write-offs, net of recoveries(773)(2,864)
Ending balance$2,624 $3,433 
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following (in thousands):
March 31, 2025December 31, 2024
Prepaid expenses$11,135 $9,129 
Deferred cost of revenue3,789 1,670 
Capitalized cloud computing development costs1,557 1,599 
Income tax receivable1,542 3,701 
Other current assets2,414 1,827 
Total prepaid expenses and other current assets$20,437 $17,926 
Schedule of Carrying Amount of Goodwill
The following table presents the changes in the carrying amount of goodwill (in thousands):
Amount
Balance as of December 31, 2024
$63,318 
Acquisition(1)
77,813 
Balance as of March 31, 2025
$141,131 
(1) Amounts relate to the acquisition of Formation Nation, Inc., or Formation Nation. Refer to Note 5. Acquisition to our condensed consolidated financial statements.
Schedule of Accrued Expenses and and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in thousands):
March 31, 2025December 31, 2024
Accrued payroll and related expenses$19,652 $27,518 
Accrued vendor payables22,719 15,895 
Accrued advertising692 1,636 
Sales allowances3,079 3,086 
Accrued sales, use and business taxes9,107 6,984 
Deferred consideration relating to business acquired12,957 — 
Other4,241 2,809 
Total accrued expenses and other current liabilities$72,447 $57,928 
Schedule of Depreciation and Amortization Expense
Depreciation and amortization expense of our property and equipment, including capitalized internal-use software, and intangible assets consisted of the following (in thousands):
Three Months Ended March 31,
20252024
Cost of revenue$5,115 $4,467 
Sales and marketing1,715 799 
Technology and development2,220 1,477 
General and administrative1,356 927 
Total depreciation and amortization expense$10,406 $7,670