XML 19 R9.htm IDEA: XBRL DOCUMENT v3.22.2
Revenue
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenue
The following table provides information about disaggregated revenue from Customers:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Platform services revenue, net$181,102 $118,524 $342,100 $224,978 
Other services revenue5,576 3,742 10,680 5,271 
Total net revenue$186,678 $122,266 $352,780 $230,249 
Contract Balances
The following table provides information about contract assets and deferred revenue:
Contract balanceBalance sheet line referenceJune 30,
2022
December 31,
2021
Contract assets - currentPrepaid expenses and other current assets$469 $950 
Contract assets - non-currentOther assets977 927 
Total contract assets$1,446 $1,877 
Deferred revenue - currentAccrued expenses and other current liabilities$16,559 $19,060 
Deferred revenue - non-currentOther liabilities3,082 6,107 
Total deferred revenue$19,641 $25,167 
Net revenue recognized during the three months ended June 30, 2022 and 2021 that was included in the deferred revenue balances at the beginning of the respective periods was $3.4 million and $2.4 million, respectively. Net revenue recognized during the six months ended June 30, 2022 and 2021 that was included in the deferred revenue balances at the beginning of the respective periods was $8.4 million and $1.6 million, respectively.
Remaining Performance Obligations
The Company has performance obligations associated with commitments in Customer contracts for future stand-ready obligations to process transactions throughout the contractual term.
As of June 30, 2022 and December 31, 2021, $2.8 million and $4.2 million of the deferred revenue balance represents a material right for discounted revenue share rates provided to a Customer as part of a contractual renewal option, respectively.