Consolidated balance sheet components (Tables)

3 Months Ended

Mar. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Cash, Cash Equivalents, and Marketable Securities

The amortized cost, unrealized gains and losses, and estimated fair value of cash, cash equivalents, and marketable securities consisted of the following (in thousands):


As of March 31, 2026	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Cash and cash equivalents:
Cash	$	104,416	$	—	$	—	$	104,416
Money market funds	142,402		—		—		142,402
Time deposits	5,745		—		—		5,745
Total cash and cash equivalents	252,563		—		—		252,563
Marketable securities:
U.S. government securities	105,352		13		(109)		105,256
Total cash, cash equivalents, and marketable securities	$	357,915	$	13	$	(109)	$	357,819


As of December 31, 2025	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Cash and cash equivalents:
Cash	$	104,166	$	—	$	—	$	104,166
Money market funds	123,314		—		—		123,314
Time deposits	4,005		—		—		4,005
Total cash and cash equivalents	231,485		—		—		231,485
Marketable securities:
U.S. government securities	127,122		137		—		127,259
Total cash, cash equivalents, and marketable securities	$	358,607	$	137	$	—	$	358,744

Cash equivalents and marketable securities in an unrealized loss position consisted of the following (in thousands):


	March 31, 2026				December 31, 2025
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses(1)
Marketable securities:
U.S. government securities	$	59,137	$	109	$	108	$	—
Total securities in an unrealized loss position	$	59,137	$	109	$	108	$	—
(1) Gross unrealized losses as of December 31, 2025 were less than one thousand dollars and rounded to zero.

Summary of Marketable Securities

Contractual maturities of investments classified as marketable securities are as follows (in thousands):


	March 31,
	2026
Due within one year	$	86,611
Due in one to two years	18,645
Total	$	105,256

Summary of Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):


	March 31,		December 31,
	2026		2025
Leasehold improvements	$	22,887	$	22,828
Computers and equipment	9,782		9,530
Furniture and fixtures	6,036		6,013
Purchased software	383		383
Construction in progress	—		5
Total property and equipment	39,088		38,759
Less accumulated depreciation and amortization	(32,693)		(32,065)
Property and equipment, net	$	6,395	$	6,694

Summary of Capitalized Software, Net

Capitalized software, net consisted of the following (in thousands):


	March 31,		December 31,
	2026		2025
Internal use software	$	128,070	$	123,089
Content assets	253		253
Total capitalized software	128,323		123,342
Less accumulated amortization	(99,550)		(94,378)
Capitalized software, net	$	28,773	$	28,964

Summary of Expected Amortization Expense

As of March 31, 2026, expected amortization expense for capitalized software over the remaining asset lives was as follows (in thousands):


Remainder of 2026	$	12,565
2027	10,962
2028	4,968
2029	278
Total expected amortization	$	28,773

The expected future amortization expense for intangible assets as of March 31, 2026 was as follows (in thousands):


Remainder of 2026	$	1,250
2027	781
Total expected amortization	$	2,031

Summary of Intangible Assets Acquired through Business Combination

As of March 31, 2026, intangible assets, net were as follows (in thousands):


	Estimated Useful Lives	Intangible Assets, Gross		Accumulated Amortization		Intangible Assets, Net
Customer relationships	6 years	$	5,500	$	(4,219)	$	1,281
Assembled workforce	2 years	1,500		(750)		750
Vendor relationships	3 years	4,500		(4,500)		—
Developed technology	3 years	4,200		(4,200)		—
Tradename	2 years	900		(900)		—
Total		$	16,600	$	(14,569)	$	2,031

As of December 31, 2025, intangible assets, net were as follows (in thousands):


	Estimated Useful Lives	Intangible Assets, Gross		Accumulated Amortization		Intangible Assets, Net
Customer relationships	6 years	$	5,500	$	(3,989)	$	1,511
Assembled workforce	2 years	1,500		(563)		937
Vendor relationships	3 years	4,500		(4,500)		—
Developed technology	3 years	4,200		(4,200)		—
Tradename	2 years	900		(900)		—
Total		$	16,600	$	(14,152)	$	2,448

Summary of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):


	March 31,		December 31,
	2026		2025
Accrued expenses	$	33,814	$	17,314
Indirect tax reserves	6,219		4,279
Indirect tax payables	6,487		7,806
Other current liabilities	2,824		2,727
Accrued expenses and other current liabilities	$	49,344	$	32,126