Certain Balance Sheet Components

9 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Property and Equipment, net

Property and equipment consisted of the following:


	September 30, 2024		December 31, 2023
Leasehold improvements	$	8,110	$	8,110
Computer equipment	9,187		8,885
Furniture and fixtures	2,488		2,597
Internally developed and purchased software	41,865		19,324
	61,650		38,916
Accumulated depreciation and amortization	(25,859)		(20,152)
Property and equipment, net	$	35,791	$	18,764

Depreciation and amortization expense related to property and equipment was $2.9 million and $1.6 million for the three months ended September 30, 2024 and 2023, respectively and $7.5 million and $3.7 million for the nine months ended September 30, 2024 and 2023, respectively.

The Company capitalized $5.6 million and $4.3 million as internal-use software development costs during the three months ended September 30, 2024, and 2023, respectively and $20.2 million and $13.0 million during the nine months ended September 30, 2024, and 2023, respectively.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:


	September 30, 2024		December 31, 2023
Accrued costs of revenue	$	82,580	$	74,357
Accrued compensation and benefits	36,999		42,305
Deferred revenue	12,891		11,829
Accrued technology costs	4,454		5,039
Due to issuing banks	7,957		7,892
Accrued tax liabilities	5,773		4,929
Accrued professional services	2,734		4,559
Operating lease liabilities, current portion	4,527		3,908
Reserve for contract contingencies and processing errors	1,670		3,754
Other accrued liabilities	5,881		2,942
Accrued expenses and other current liabilities	$	165,466	$	161,514