Contract Liabilities |
3 Months Ended |
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Mar. 31, 2025 | |
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 condensed consolidated balance sheets, is primarily comprised of unredeemed gift cards, prepayments received from consumers for Wag! Premium subscriptions, prepayments received from Wellness customers, 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 $2.8 million and $1.4 million as of March 31, 2025 and December 31, 2024, respectively. Revenues recognized related to the Company’s contract liabilities as of the beginning of the year was $0.4 million and $0.4 million for the three months ended March 31, 2025 and 2024, respectively.
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