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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 76,755 $ 48,392
Marketable securities 69,606 85,481
Funds held in escrow, including funds in transit 129,553 108,721
Trade and client receivables – net of allowance of $2,075 and $2,215 as of June 30, 2020 and December 31, 2019, respectively 33,230 30,156
Prepaid expenses and other current assets 9,009 7,885
Total current assets 318,153 280,635
Property and equipment, net 27,284 21,454
Goodwill 118,219 118,219
Intangible assets, net 2,001 3,335
Operating lease asset 21,645 21,908
Other assets, noncurrent 1,546 829
Total assets 488,848 446,380
Current liabilities    
Accounts payable 5,180 652
Escrow funds payable 129,553 108,721
Debt, current 7,594 7,584
Accrued expenses and other current liabilities 25,364 18,342
Deferred revenue 14,984 13,799
Total current liabilities 182,675 149,098
Debt, noncurrent 6,929 10,699
Operating lease liability, noncurrent 22,105 21,186
Other liabilities, noncurrent 6,996 5,973
Total liabilities 218,705 186,956
Commitments and contingencies (Note 6)
Stockholders’ equity    
Common stock, $0.0001 par value; 490,000,000 shares authorized as of June 30, 2020 and December 31, 2019; 119,267,694 and 113,604,398 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 12 11
Additional paid-in capital 463,133 431,370
Accumulated deficit (193,002) (171,957)
Total stockholders’ equity 270,143 259,424
Total liabilities and stockholders’ equity $ 488,848 $ 446,380