v3.24.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 269,439 $ 278,218
Short-term investments 91,266 84,331
Accounts receivable, net of expected credit losses of $5,248 and $2,785, respectively 60,198 70,264
Contract assets 446 412
Deferred contract costs 5,148 4,743
Prepaid expenses and other current assets 20,664 12,769
Total current assets 447,161 450,737
Property and equipment, net of accumulated depreciation and amortization of $14,720 and $10,111, respectively 25,745 22,055
Intangible assets, net of accumulated amortization of $10,244 and $8,264, respectively 15,758 17,738
Goodwill 207,781 207,781
Contract assets, noncurrent 947 352
Deferred contract costs, noncurrent 5,770 5,806
Operating lease right-of-use assets 10,646 12,529
Long-term investments 26,322 25,748
Other assets, noncurrent 51 73
Total assets 740,181 742,819
Current liabilities:    
Accounts payable 6,486 4,582
Accrued expenses and other current liabilities 57,678 68,240
Unearned revenue 1,871 1,533
Operating lease liabilities, current 2,700 2,859
Total current liabilities 68,735 77,214
Unearned revenue, noncurrent 441 57
Operating lease liabilities, noncurrent 12,727 13,968
Other liabilities, noncurrent 0 109
Total liabilities 81,903 91,348
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Class A common stock, $0.001 par value; 1,700,000,000 shares authorized at June 30, 2024 and December 31, 2023; 108,640,187 and 108,469,679 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively. Class B common stock, $0.001 par value; 185,000,000 shares authorized at June 30, 2024 and December 31, 2023; 53,393,616 and 54,891,834 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 162 163
Preferred stock, $0.001 par value; 20,000,000 shares authorized at June 30, 2024 and December 31, 2023 0 0
Additional paid-in capital 870,733 867,152
Accumulated deficit (212,456) (215,829)
Accumulated other comprehensive loss (161) (15)
Total stockholders’ equity 658,278 651,471
Total liabilities and stockholders’ equity $ 740,181 $ 742,819