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Financial Statement Components (Tables) | 9 Months Ended
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Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Components of Cash and Cash Equivalents | Cash and cash equivalents consisted of the following (in thousands):
| September 30, 2024 |  | December 31, 2023
Cash | $ | 99,471 |  |  | $ | 113,733 |
Money market funds | 113,181 |  |  | 108,462 |
Total cash and cash equivalents | $ | 212,652 |  |  | $ | 222,195 |
Schedule of Components of Accounts Receivable, Net | Accounts receivable, net consisted of the following (in thousands):
| September 30, 2024 |  | December 31, 2023
Accounts receivable | $ | 305,893 |  |  | $ | 280,544 |
Unbilled accounts receivable | 105,343 |  |  | 96,366 |
Allowance for doubtful accounts | (15,431) |  |  | (12,472) |
Accounts receivable, net | $ | 395,805 |  |  | $ | 364,438 |
Schedule of Components of Prepaid Expenses and Other Current Assets | Prepaid expenses and other current assets consisted of the following (in thousands):
| September 30, 2024 |  | December 31, 2023
Prepaid expenses | $ | 39,798 |  |  | $ | 32,440 |
Inventory | 2,059 |  |  | 1,492 |
Other current assets | 22,755 |  |  | 43,464 |
Total prepaid expenses and other current assets | $ | 64,612 |  |  | $ | 77,396 |
Schedule of Components of Property and Equipment, Net | Property and equipment, net consisted of the following (in thousands):
| September 30, 2024 |  | December 31, 2023
Computer hardware and software | $ | 253,757 |  |  | $ | 238,802 |
Internal-use software development costs | 301,620 |  |  | 255,649 |
Furniture and fixtures | 10,004 |  |  | 8,964 |
Leasehold improvements | 14,365 |  |  | 14,369 |
Total property and equipment, gross | 579,746 |  |  | 517,784 |
Less: accumulated depreciation and amortization | (394,586) |  |  | (333,394) |
Property and equipment, net | $ | 185,160 |  |  | $ | 184,390 |
Schedule of Goodwill | A summary of activity of the Company’s carrying value of goodwill during the nine months ended September 30, 2024 is presented in the following table (in thousands):
Balance as of December 31, 2023 | $ | 67,370 |
Acquisitions (Note 8) | 7,662 |
Foreign currency translation adjustments | 290 |
Balance as of September 30, 2024 | $ | 75,322 |
Schedule of Carrying Values of Intangible Assets | The carrying values of intangible assets are as follows (in thousands):
|  |  | September 30, 2024 |  | December 31, 2023
| Weighted-Average Remaining Useful Life |  | Cost |  | Accumulated Amortization |  | Acquired Intangibles, Net |  | Cost |  | Accumulated Amortization |  | Acquired Intangibles, Net
Customer relationships | 4.3 years |  | $ | 51,925 |  |  | $ | 24,731 |  |  | $ | 27,194 |  |  | $ | 26,506 |  |  | $ | 21,834 |  |  | $ | 4,672 |
Developed technology | 2.1 years |  | 778,270 |  |  | 515,230 |  |  | 263,040 |  |  | 826,077 |  |  | 436,982 |  |  | 389,095 |
Total acquired intangible assets |  |  | $ | 830,195 |  |  | $ | 539,961 |  |  | $ | 290,234 |  |  | $ | 852,583 |  |  | $ | 458,816 |  |  | $ | 393,767 |
Schedule of Estimated Amortization Expense for Acquired Intangible Assets | Estimated amortization expense for acquired intangible assets for the following fiscal years is as follows (in thousands):
2024 (remaining) | $ | 33,384 |
2025 | 133,202 |
2026 | 110,735 |
2027 | 5,147 |
2028 onwards | 7,766 |
Total estimated amortization expense | $ | 290,234 |
Schedule of Components of Accrued Liabilities | Accrued liabilities consisted of the following (in thousands):
| September 30, 2024 |  | December 31, 2023
Accrued compensation and benefits | $ | 48,899 |  |  | $ | 63,009 |
Accrued sales, use, and telecom related taxes | 58,668 |  |  | 43,796 |
Accrued marketing and sales commissions | 33,205 |  |  | 60,528 |
Operating lease liabilities, short-term | 18,708 |  |  | 16,707 |
Other accrued expenses | 128,340 |  |  | 141,592 |
Total accrued liabilities | $ | 287,820 |  |  | $ | 325,632 |

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