Consolidated Balance Sheet Components (Tables)

9 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Accounts Receivable, Net

Accounts receivable, net consisted of the following (in thousands):

	September 30, 2023		December 31, 2022
Trade accounts receivable	$	12,596	$	16,284
Deposits at brokers or dealers	1,590		—
Crypto receivable from liquidity providers	186		—
Unbilled receivables	6,003		6,445
Other receivables	1,864		2,787
Total accounts receivable	22,239		25,516
Less: allowance for doubtful accounts	(540)		(210)
Total	$	21,699	$	25,306

Schedule of Other Current Assets

Other current assets consisted of the following (in thousands):

	September 30, 2023		December 31, 2022
Prepaid expenses	$	7,297	$	6,060
Other	32		—
Total	$	7,329	$	6,060

Schedule of Property, Equipment and Software, Net

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

	September 30, 2023		December 31, 2022
Internal-use software	$	8,218	$	4,383
Purchased software	105		99
Office furniture and equipment	2,311		2,303
Other computer and network equipment	5,132		4,732
Leasehold improvements	10,280		10,102
Property, equipment and software, gross	26,046		21,619
Less: accumulated amortization and depreciation	(5,538)		(1,875)
Total	$	20,508	$	19,744

Schedule of Other Assets

Other assets consisted of the following (in thousands):

	September 30, 2023		December 31, 2022
Operating lease right-of-use assets	$	21,116	$	19,632
Other	2,556		2,826
Total	$	23,672	$	22,458

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consisted of the following (in thousands):

	September 30, 2023		December 31, 2022
Accounts payable	$	3,729	$	25,975
Payables to clients	70		—
Accrued expenses	19,116		15,537
Purchasing card payable	12,502		10,686
Salaries and benefits payable	8,019		13,926
Loyalty revenue share liability	3,479		43
Other	2,277		620
Total	$	49,192	$	66,787

Other Current Liabilities

Other current liabilities consisted of the following (in thousands):

	September 30, 2023		December 31, 2022
Participation units liability, current	$	221	$	275
Current maturities of operating lease liability	3,555		3,014
Other	527		530
Total	$	4,303	$	3,819

Other Noncurrent Liabilities

Other noncurrent liabilities consisted of the following (in thousands):

	September 30, 2023		December 31, 2022
Operating lease liability, noncurrent	$	24,547	$	23,402
Contingent consideration	13,065		—
Total	$	37,612	$	23,402