Certain Balance Sheet Components

3 Months Ended

Mar. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Certain Balance Sheet Components

Certain Balance Sheet Components

Property and Equipment, net

Property and equipment consisted of the following:

	March 31, 2025		December 31, 2024
Leasehold improvements	$	8,110	$	8,110
Computer equipment	9,589		9,415
Furniture and fixtures	2,525		2,525
Internally developed and purchased software	55,959		47,300
	76,183		67,350
Accumulated depreciation and amortization	(33,603)		(29,827)
Property and equipment, net	$	42,580	$	37,523

Depreciation and amortization expense related to property and equipment was $3.9 million and $2.1 million for the three months ended March 31, 2025 and 2024, respectively.

The Company capitalized $8.6 million and $7.5 million as internal-use software development costs during the three months ended March 31, 2025, and 2024, respectively.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	March 31, 2025		December 31, 2024
Accrued costs of revenue	$	88,322	$	85,745
Accrued compensation and benefits	14,610		45,754
Deferred revenue	10,457		13,593
Due to issuing banks	7,721		7,721
Accrued tax liabilities	6,681		5,434
Accrued professional services	1,870		3,567
Operating lease liabilities, current portion	4,367		4,627
Reserve for contract contingencies and processing errors	—		1,862
Other accrued liabilities	11,980		8,756
Accrued expenses and other current liabilities	$	146,008	$	177,059