v3.25.2
Other Financial Statement Information (Tables)
 6 Months Ended
Jun. 30, 2025
Other Financial Information [Abstract]  
Schedule of Changes in the Allowance
Changes in the allowances consisted of the following (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Beginning balance$2,624 $3,433 $2,121 $4,906 
Add: allowance recognized as a reduction of revenue
16 1,743 1,251 3,288 
Add (less): allowance for credit losses recognized in general and administrative expense
154 136 195 (19)
Less: write-offs, net of recoveries(514)(1,536)(1,287)(4,399)
Ending balance$2,280 $3,776 $2,280 $3,776 
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following (in thousands):
June 30, 2025December 31, 2024
Prepaid expenses$9,384 $9,129 
Deferred cost of revenue2,212 1,670 
Capitalized cloud computing development costs1,603 1,599 
Income tax receivable230 3,701 
Other current assets1,056 1,827 
Total prepaid expenses and other current assets$14,485 $17,926 
Schedule of Carrying Amount of Goodwill
The following table presents the changes in the carrying amount of goodwill (in thousands):
Amount
Balance as of December 31, 2024
$63,318 
Acquisition(1)
77,813 
Balance as of March 31, 2025
$141,131 
Net working capital and measurement period adjustments(2)
(1,561)
Balance as of June 30, 2025
$139,570 
(1) Amounts relate to the acquisition of Formation Nation, Inc., or Formation Nation. Refer to Note 5. Acquisition to our unaudited condensed consolidated financial statements.
(2) Amounts relate to the $0.3 million payment for net working capital adjustments and measurement period adjustments related to deferred taxes of $1.9 million associated with the acquisition of Formation Nation. Refer to Note 5. Acquisition to our unaudited condensed consolidated financial statements.
Schedule of Accrued Expenses and and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in thousands):
June 30, 2025December 31, 2024
Accrued payroll and related expenses$26,940 $27,518 
Accrued vendor payables18,289 15,895 
Accrued advertising1,630 1,636 
Sales allowances3,130 3,086 
Accrued sales, use and business taxes6,880 6,984 
Deferred consideration relating to business acquired12,957 — 
Other4,047 2,809 
Total accrued expenses and other current liabilities$73,873 $57,928 
Schedule of Depreciation and Amortization Expense
Depreciation and amortization expense of our property and equipment, including capitalized internal-use software, and intangible assets consisted of the following (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Cost of revenue$5,313 $4,618 $10,428 $9,085 
Sales and marketing2,454 889 $4,169 1,688 
Technology and development2,158 1,841 $4,378 3,318 
General and administrative1,414 1,078 $2,770 2,005 
Total depreciation and amortization expense$11,339 $8,426 $21,745 $16,096