Revenue

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

Disaggregation of Revenue

The following table provides information about disaggregated revenue from customers:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Platform services revenue, net	$	121,800	$	104,332	$	355,005	$	540,862
Other services revenue	6,167		4,559		16,200		16,487
Total net revenue	$	127,967	$	108,891	$	371,205	$	557,349

Contract Balances

The following table provides information about contract assets and deferred revenue:

Contract balance	Balance sheet line reference	September 30, 2024		December 31, 2023
Contract assets - current	Prepaid expenses and other current assets	$	1,464	$	1,461
Contract assets - non-current	Other assets	9,557		9,397
Total contract assets		$	11,021	$	10,858
Deferred revenue - current	Accrued expenses and other current liabilities	$	12,891	$	11,829
Deferred revenue - non-current	Other liabilities	2,752		4,071
Total deferred revenue		$	15,643	$	15,900

Net revenue recognized during the three months ended September 30, 2024 and 2023 that was included in the deferred revenue balances at the beginning of the respective periods was $2.7 million and $3.8 million, respectively. Net revenue recognized during the nine months ended September 30, 2024 and 2023 that was included in the deferred revenue balances at the beginning of the respective periods was $7.2 million and $10.6 million, respectively.

Remaining Performance Obligations

The Company has performance obligations associated with commitments in customer contracts for future stand-ready obligations to process transactions throughout the contractual term. As of September 30, 2024, the aggregate amount of the transaction price allocated to our remaining performance obligations was $51.3 million. The Company expects to recognize approximately 65% within two years and the remaining 35% over the next three to five years.