Balance Sheet Components

6 Months Ended

Jun. 30, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Components

6. Balance Sheet Components

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	June 30, 2025		December 31, 2024
	(in thousands)
Prepaid expenses	$	23,290	$	14,583
Other receivables	26,876		11,500
Interest receivable	9,089		4,695
Other	3,506		2,280
Total prepaid expenses and other current assets	$	62,761	$	33,058

Property and Equipment, Net

Property and equipment, net consisted of the following:

	June 30, 2025		December 31, 2024
	(in thousands)
Computer equipment, furniture, and fixtures	$	16,880	$	15,832
Leasehold improvements	8,051		8,017
Construction-in-progress	63		—
Total property and equipment	24,994		23,849
Less: accumulated depreciation	(13,600)		(11,197)
Total property and equipment, net	$	11,394	$	12,652

Depreciation expense was immaterial for the three and six months ended June 30, 2025 and 2024.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	June 30, 2025		December 31, 2024
	(in thousands)
Accrued compensation and benefits	$	56,042	$	63,441
Deferred revenue	18,826		14,805
Accrued expenses	49,108		31,817
Accrued revenue share payable and other	7,493		6,939
Other	8,848		7,462
Total accrued expenses and other current liabilities	$	140,317	$	124,464

Other Noncurrent Liabilities

Other noncurrent liabilities consisted of the following:

	June 30, 2025		December 31, 2024
	(in thousands)
Accrued customer incentives	$	15,632	$	9,100
Other	148		157
Total other noncurrent liabilities	$	15,780	$	9,257