Consolidated balance sheet components (Tables)

9 Months Ended

Sep. 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 September 30, 2023	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Cash and cash equivalents:
Cash	$	46,057	$	—	$	—	$	46,057
Money market funds	267,036		—		—		267,036
U.S. government securities	14,879		2		—		14,881
Total cash and cash equivalents	327,972		2		—		327,974
Marketable securities:
U.S. government securities	151,461		9		(4)		151,466
Total cash, cash equivalents, and marketable securities	$	479,433	$	11	$	(4)	$	479,440

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):

	September 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	43,420		(4)		59,057		(243)
Total securities in an unrealized loss position	$	43,420	$	(4)	$	84,017	$	(246)

Summary of Property and Equipment, Net

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

	September 30,		December 31,
	2023		2022
Leasehold improvements	$	19,041	$	19,109
Computers and equipment	7,896		7,820
Furniture and fixtures	4,678		4,870
Purchased software	383		383
Construction in progress	27		—
Total property and equipment	32,025		32,182
Less accumulated depreciation and amortization	(27,041)		(25,170)
Property and equipment, net	$	4,984	$	7,012

Summary of Capitalized Software, Net

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

	September 30,		December 31,
	2023		2022
Capitalized software	$	79,865	$	63,748
Less accumulated amortization	(48,941)		(36,336)
Capitalized software, net	$	30,924	$	27,412

Summary of Expected Amortization Expense

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

Remainder of 2023	$	4,503
2024	15,009
2025	9,169
2026	2,243
Total expected amortization	$	30,924

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

Remainder of 2023	$	954
2024	2,795
2025	917
2026	917
2027	594
Total expected amortization	$	6,177

Summary of Intangible Assets Acquired through Business Combination

Intangible assets, net and goodwill— As of September 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	$	(1,927)	$	3,573
Vendor relationships	3 years	4,500		(3,153)		1,347
Developed technology	3 years	4,200		(2,943)		1,257
Tradename	2 years	900		(900)		—
Total		$	15,100	$	(8,923)	$	6,177

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