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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of Cash, Cash Equivalents and Investments The following is a summary of cash, cash equivalents and investments as of December 31, 2022:
Amortized
 Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
December 31, 2022:
Cash and cash equivalents$79,765 $— $— $79,765 
Investments:
     U.S. treasury securities due in one year or less153,604 (108)153,501 
     Corporate Securities due in one year or less4,295 — (22)4,273 
           Total investments157,899 (130)157,774 
                Total cash, cash equivalents and investments$237,664 $$(130)$237,539 
Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash
The following table is a reconciliation of cash, cash equivalents and restricted cash included in the accompanying consolidated balance sheets that sum to the total cash, cash equivalents and restricted cash included in the accompanying consolidated statements of cash flows.
As of December 31,
20222021
Cash and cash equivalents$79,765 $269,665 
Restricted cash included in “other long-term assets”— 176 
$79,765 $269,841 
Schedule of Property and Equipment The estimated useful lives of the Company’s property and equipment are as follows:
Estimated Useful Life
(In Years)
Computer equipment
2 to 5
Furniture and office equipment
5 to 7
Leasehold improvements
2 to 4
Property and equipment consists of the following:
As of December 31,
20222021
Computer equipment (1)$11,133 $10,045 
Furniture and office equipment1,738 948 
Leasehold improvements786 1,737 
Total property and equipment13,657 12,730 
Less: accumulated depreciation and amortization(5,581)(4,460)
Property and equipment, net$8,076 $8,270 
(1) Includes property and equipment acquired under finance leases (subsequent to the adoption of ASC 842) and capital leases (prior to the adoption of ASC 842) of $3,272 and $5,748, respectively.
Schedule of Key Inputs Used in the Fair Value Calculation of Contingent Consideration Payable The following table represents the key inputs used in the fair value calculation:
As of
December 31, 2022December 31, 2021
Risk free interest rate4.72 %0.45 %
Projected year of payment2023
2022 — 2023
Revenue volatility20.1 %22.3 %
Discount rate9.72 %5.87 %
Schedule of Rollforward of Fair Value Measurements of Contingent Consideration A rollforward of the fair value measurements of the contingent consideration liability for the years ended December 31, 2022 and 2021, is as follows:
Balance as of December 31, 202078 
Expense recognized related to service period rendered516 
Payments made(170)
Balance as of December 31, 2021424 
Expense recognized related to service period rendered$(20)
Payments made(177)
Balance as of December 31, 2022$227 
Schedule of Potentially Dilutive Common Stock Equivalents
The following potentially dilutive common stock equivalents have been excluded from the calculation of diluted weighted-average shares outstanding for the period presented:
Year ended December 31,
202220212020
Stock options outstanding6,865,265 6,329,822 7,611,258 
Shares of Preferred Stock— — 29,695,200 
Unvested RSAs, RSUs, and PSUs1,328,714 345,026 156,852 
Schedule of Fair Value Measurements, Recurring and Nonrecurring
The following table summarizes financial assets and liabilities measured and recorded at fair value on a recurring basis in the accompanying consolidated balance sheets as of December 31, 2022, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:
December 31, 2022
Quoted Prices in Active Markets for Identical Assets (Level 1 Inputs)Significant Other Observable Inputs (Level 2 Inputs)Significant Unobservable Inputs
(Level 3 Inputs)
Total
Assets:
     Money market funds$36,222 $— $— $36,222 
     U.S. treasury securities— 153,501 — 153,501 
     Corporate securities— 4,273 — 4,273 
     Convertible debt securities (See Note 5)— — 3,652 3,652 
Total assets$36,222 $157,774 $3,652 $197,648 
Liabilities:
     Contingent consideration$— $— $227 $227 
Total liabilities$— $— $227 $227 
Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
A rollforward of the fair value measurements of the convertible debt securities for the years ended December 31, 2021 and 2022 is as follows:
Balance as of December 31, 2020
$— 
Investment in convertible debt securities500 
Change in fair value included in other income, net— 
Balance as of December 31, 2021
500 
Additional investment in convertible debt securities2,000 
Change in fair value included in other income, net1,152 
Balance as of December 31, 2022
$3,652