Consolidated balance sheet components (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2023	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Cash and cash equivalents:
Cash	$	41,508	$	—	$	—	$	41,508
Money market funds	281,719		—		—		281,719
Total cash and cash equivalents	323,227		—		—		323,227
Marketable securities:
U.S. government securities	142,298		21		(32)		142,287
Total cash, cash equivalents, and marketable securities	$	465,525	$	21	$	(32)	$	465,514

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):

	June 30, 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	38,765		(32)		59,057		(243)
Total securities in an unrealized loss position	$	38,765	$	(32)	$	84,017	$	(246)

Summary of Property and Equipment, Net

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

	June 30,		December 31,
	2023		2022
Leasehold improvements	$	19,020	$	19,109
Computers and equipment	7,775		7,820
Furniture and fixtures	4,678		4,870
Purchased software	383		383
Construction in progress	12		—
Total property and equipment	31,868		32,182
Less accumulated depreciation and amortization	(26,383)		(25,170)
Property and equipment, net	$	5,485	$	7,012

Summary of Capitalized Software, Net

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

	June 30,		December 31,
	2023		2022
Capitalized software	$	74,797	$	63,748
Less accumulated amortization	(44,447)		(36,336)
Capitalized software, net	$	30,350	$	27,412

Summary of Expected Amortization Expense

As of June 30, 2023, expected amortization expense for capitalized software over the remaining asset lives was as follows (in thousands):

Remainder of 2023	$	8,465
2024	13,319
2025	7,479
2026	1,087
Total expected amortization	$	30,350

The expected future amortization expense for intangible assets as of June 30, 2023 was as follows (in thousands):

Remainder of 2023	$	1,974
2024	2,795
2025	917
2026	917
2027	594
Total expected amortization	$	7,197

Summary of Intangible Assets Acquired through Business Combination

Intangible assets, net and goodwill— As of June 30, 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	$	(1,698)	$	3,802
Vendor relationships	3 years	4,500		(2,778)		1,722
Developed technology	3 years	4,200		(2,593)		1,607
Tradename	2 years	900		(834)		66
Total		$	15,100	$	(7,903)	$	7,197

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