Consolidated balance sheet components (Tables)

3 Months Ended

Mar. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Cash, Cash Equivalents, and Marketable Securities

The amortized cost, unrealized gains and losses, and estimated fair value of cash, cash equivalents, and marketable securities consisted of the following (in thousands):

As of March 31, 2023	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Cash and cash equivalents:
Cash	$	37,814	$	—	$	—	$	37,814
Money market funds	237,819		—		—		237,819
Total cash and cash equivalents	275,633		—		—		275,633
Marketable securities:
U.S. government securities	169,677		40		(104)		169,613
Total cash, cash equivalents, and marketable securities	$	445,310	$	40	$	(104)	$	445,246

As of December 31, 2022	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Cash and cash equivalents:
Cash	$	134,408	$	—	$	—	$	134,408
Money market funds	130,377		—		—		130,377
U.S. government securities	48,899		4		(3)		48,900
Total cash and cash equivalents	313,684		4		(3)		313,685
Marketable securities:
U.S. government securities	151,900		30		(243)		151,687
Total cash, cash equivalents, and marketable securities	$	465,584	$	34	$	(246)	$	465,372

Cash equivalents and marketable securities in an unrealized loss position consisted of the following (in thousands):

	March 31, 2023				December 31, 2022
	Fair Value		Gross Unrealized Losses		Fair Value		Gross Unrealized Losses
Cash equivalents:
U.S. government securities	$	—	$	—	$	24,960	$	(3)
Marketable securities:
U.S. government securities	37,102		(104)		59,057		(243)
Total securities in an unrealized loss position	$	37,102	$	(104)	$	84,017	$	(246)

Summary of Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):

	March 31,		December 31,
	2023		2022
Computers and equipment	$	7,756	$	7,820
Furniture and fixtures	4,678		4,870
Purchased software	383		383
Leasehold improvements	19,017		19,109
Construction in progress	8		—
Total property and equipment	31,842		32,182
Less accumulated depreciation and amortization	(25,636)		(25,170)
Property and equipment, net	$	6,206	$	7,012

Summary of Capitalized Computer Software

Capitalized software, net consisted of the following (in thousands):

	March 31,		December 31,
	2023		2022
Capitalized software	$	69,284	$	63,748
Less accumulated amortization	(40,239)		(36,336)
Capitalized software, net	$	29,045	$	27,412

Summary of Expected Amortization Expense

As of March 31, 2023, expected amortization expense for capitalized software over the remaining asset lives was as follows (in thousands):

Remainder of 2023	$	11,583
2024	11,496
2025	5,630
2026	336
Total expected amortization	$	29,045

The expected future amortization expense for intangible assets as of March 31, 2023 was as follows (in thousands):

Remainder of 2023	$	3,041
2024	2,795
2025	917
2026	917
2027	594
Total expected amortization	$	8,264

Summary of Intangible Assets Acquired through Business Combination

Intangible assets, net and goodwill— As of March 31, 2023, intangible assets, net acquired as part of the CorpU business combination were as follows (in thousands):

	Estimated Useful Lives	Intangible Assets, Gross		Accumulated Amortization		Intangible Assets, Net
Customer relationships	6 years	$	5,500	$	(1,469)	$	4,031
Vendor relationships	3 years	4,500		(2,403)		2,097
Developed technology	3 years	4,200		(2,243)		1,957
Tradename	2 years	900		(721)		179
Total		$	15,100	$	(6,836)	$	8,264

As of December 31, 2022, intangible assets, net acquired as part of the CorpU business combination were as follows (in thousands):

	Estimated Useful Lives	Intangible Assets, Gross		Accumulated Amortization		Intangible Assets, Net
Customer relationships	6 years	$	5,500	$	(1,239)	$	4,261
Vendor relationships	3 years	4,500		(2,028)		2,472
Developed technology	3 years	4,200		(1,893)		2,307
Tradename	2 years	900		(609)		291
Total		$	15,100	$	(5,769)	$	9,331