v3.25.2
Supplemental Consolidated Balance Sheet Information
 6 Months Ended
Jun. 30, 2025
Balance Sheet Related Disclosures [Abstract]  
Supplemental Consolidated Balance Sheet Information Supplemental Consolidated Balance Sheet Information
Accounts Receivable, net
Accounts receivable, net consisted of the following (in thousands):
June 30,December 31,
20252024
Billed accounts receivable$92,551 $46,316 
Unbilled accounts receivable56,513 59,995 
Allowance for doubtful accounts and reserves(1,044)(160)
Accounts receivable, net$148,020 $106,151 
The majority of invoices included within the unbilled accounts receivable balance are issued within the first few days of the month directly following the period of service.
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following (in thousands):
June 30,December 31,
20252024
Prepaid expenses$23,257 $12,834 
Deferred contract costs, current portion4,387 5,047 
Contract assets1,686 1,841 
Income tax receivable2,255 687 
Other receivable1,763 1,493 
Other current assets4,308 1,104 
Prepaid expense and other current assets$37,656 $23,006 
Property, equipment and software, net
Depreciation and amortization expense for the three months ended June 30, 2025 and 2024 was $2.5 million and $1.5 million, respectively, and for the six months ended June 30, 2025 and 2024 was $4.1 million and $3.0 million, respectively. Accumulated depreciation and amortization as of June 30, 2025 and December 31, 2024 was $41.5 million and $22.9 million, respectively.
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in thousands):
June 30,December 31,
20252024
Accrued interest$11,604 $550 
Accrued bonus16,165 16,034 
Accrued vendor liabilities9,136 9,725 
Accrued benefits and retirement17,889 15,478 
Acquisition holdback liability3,122 — 
Accrued commissions3,476 3,204 
Income tax payable643 403 
Tax distributions payable to Continuing Equity Owners13 23 
Other current liabilities17,190 10,237 
Accrued expenses and other liabilities$79,238 $55,654 
Other Long-term Liabilities
Other long-term liabilities consisted of the following (in thousands):
June 30,December 31,
20252024
Deferred tax liabilities$1,182 $1,310 
Asset retirement obligation270 160 
Accrued benefits741 — 
Other long-term liabilities$2,193 $1,470