Revenue

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

Disaggregation of Revenue

The following table provides information about disaggregated revenue from customers:

	Three Months Ended March 31,
	2025		2024
Platform services revenue, net	$	131,867	$	113,935
Other services revenue	7,206		4,033
Total net revenue	$	139,073	$	117,968

Contract Balances

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

Contract balance	Balance sheet line reference	March 31, 2025		December 31, 2024
Contract assets - current	Prepaid expenses and other current assets	$	1,670	$	1,605
Contract assets - non-current	Other assets	9,454		10,981
Total contract assets		$	11,124	$	12,586
Deferred revenue - current	Accrued expenses and other current liabilities	$	10,457	$	13,593
Deferred revenue - non-current	Other liabilities	4,808		4,779
Total deferred revenue		$	15,265	$	18,372

Net revenue recognized during the three months ended March 31, 2025 and 2024 that was included in the deferred revenue balances at the beginning of the respective periods was $4.6 million and $2.6 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 March 31, 2025, the aggregate amount of the transaction price allocated to our remaining performance obligations was $47.5 million. The Company expects to recognize approximately 63% within two years and the remaining 37% over the next three to five years.