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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 88,436 $ 48,392
Marketable securities 67,051 85,481
Funds held in escrow, including funds in transit 128,131 108,721
Trade and client receivables – net of allowance of $1,648 and $2,215 as of September 30, 2020 and December 31, 2019, respectively 39,853 30,156
Prepaid expenses and other current assets 8,487 7,885
Total current assets 331,958 280,635
Property and equipment, net 27,680 21,454
Goodwill 118,219 118,219
Intangible assets, net 1,334 3,335
Operating lease asset 20,662 21,908
Other assets, noncurrent 1,784 829
Total assets 501,637 446,380
Current liabilities    
Accounts payable 5,708 652
Escrow funds payable 128,131 108,721
Debt, current 7,576 7,584
Accrued expenses and other current liabilities 28,766 18,342
Deferred revenue 15,892 13,799
Total current liabilities 186,073 149,098
Debt, noncurrent 5,021 10,699
Operating lease liability, noncurrent 21,693 21,186
Other liabilities, noncurrent 7,276 5,973
Total liabilities 220,063 186,956
Commitments and contingencies (Note 6)
Stockholders’ equity    
Common stock, $0.0001 par value; 490,000,000 shares authorized as of September 30, 2020 and December 31, 2019; 121,775,309 and 113,604,398 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively 12 11
Additional paid-in capital 477,311 431,370
Accumulated deficit (195,749) (171,957)
Total stockholders’ equity 281,574 259,424
Total liabilities and stockholders’ equity $ 501,637 $ 446,380