v3.25.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Summary of Remaining Performance Obligation

Remaining performance obligation consisted of the following:

 

(in thousands)

 

Current

 

 

Noncurrent

 

 

Total

 

As of June 30, 2025

 

$

122,565

 

 

$

58,221

 

 

$

180,786

 

 

Cost of revenue

Cost of revenue consists primarily of personnel-related costs, including: stock-based compensation expenses for customer support and professional services personnel; costs of maintaining and securing infrastructure and platform; allocation of overhead costs and credit card processing fees; and amortization expense associated with capitalized internal-use software.

Schedule of Allowance for Credit Losses

The allowance for credit losses consisted of the following:

 

(in thousands)

 

 

 

Balance at December 31, 2024

 

$

3,338

 

Provision for expected credit losses

 

 

1,083

 

Recoveries of credit losses

 

 

(153

)

Write-offs charged against the allowance

 

 

(709

)

Balance at March 31, 2025

 

$

3,559

 

Provision for expected credit losses

 

 

1,598

 

Write-offs charged against the allowance

 

 

(1,053

)

Balance at June 30, 2025

 

$

4,104