Schedule of Property, Plant and Equipment |
The following table summarizes property and equipment, net as of the periods presented below (in thousands): | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | Computers | $ | 19,472 | | | $ | 19,694 | | Capitalized internal-use software | 43,416 | | | 34,255 | | Office equipment | 7,045 | | | 6,700 | | Furniture and fixtures | 10,187 | | | 10,066 | | Motor vehicles | 267 | | | 400 | | Leasehold improvements | 8,333 | | | 7,847 | | Construction in progress | — | | | 13 | | Total property and equipment | 88,720 | | | 78,975 | | Less: accumulated depreciation and amortization | (57,826) | | | (53,082) | | Property and equipment, net | $ | 30,894 | | | $ | 25,893 | |
The following table summarizes depreciation expense and internal-use software capitalization and amortization during the periods presented below (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Capitalization of costs associated with internal-use software | 5,697 | | | 1,581 | | | 9,161 | | | 3,162 | | Amortization expense of capitalized internal-use software | 1,634 | | | 1,432 | | | 3,274 | | | 2,795 | | Depreciation expense | 1,138 | | | 1,342 | | | 2,345 | | | 2,942 | |
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Schedule of Accrued Liabilities |
The following table summarizes accrued liabilities as of the periods presented below (in thousands): | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | Accrued compensation | $ | 24,980 | | | $ | 28,269 | | | | | | Accrued third-party cloud infrastructure expenses | 3,375 | | | — | | Accrued reseller commissions | 14,430 | | | 11,569 | | Accrued advertising and marketing expenses | 4,734 | | | 4,414 | | Advanced payments from customers | 5,668 | | | 4,487 | | Accrued taxes | 13,041 | | | 14,747 | | Operating lease liabilities, current | 9,208 | | | 8,073 | | Contributions withheld for employee stock purchase plan | 1,116 | | | 1,127 | | Unsettled share repurchases | — | | | 1,840 | | | | | | Other accrued expenses | 10,162 | | | 7,407 | | Total accrued liabilities | $ | 86,714 | | | $ | 81,933 | |
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