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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 71,160 $ 129,128
Marketable securities 60,404 0
Funds held in escrow, including funds in transit 114,593 98,186
Trade and client receivables – net of allowance of $2,219 and $2,832 as of September 30, 2019 and December 31, 2018, respectively 32,034 22,315
Prepaid expenses and other current assets 7,606 6,253
Total current assets 285,797 255,882
Property and equipment, net 20,668 10,815
Goodwill 118,219 118,219
Intangible assets, net 4,002 6,004
Other assets, noncurrent 904 653
Total assets 429,590 391,573
Current liabilities    
Accounts payable 2,934 2,073
Escrow funds payable 114,593 98,186
Debt, current 7,579 5,671
Accrued expenses and other current liabilities 21,898 20,948
Deferred revenue 1,587 722
Total current liabilities 148,591 127,600
Debt, noncurrent 12,584 18,239
Other liabilities, noncurrent 5,816 1,989
Total liabilities 166,991 147,828
Commitments and contingencies (Note 5)
Stockholders’ equity    
Common stock, $0.0001 par value; 490,000,000 shares authorized as of September 30, 2019 and December 31, 2018; 111,899,493 and 106,454,321 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively 11 11
Additional paid-in capital 415,669 387,233
Accumulated deficit (153,081) (143,499)
Total stockholders’ equity 262,599 243,745
Total liabilities and stockholders’ equity $ 429,590 $ 391,573