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Certain Balance Sheet Components

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Property and Equipment, net

Property and equipment consisted of the following:


	March 31, 2024		December 31, 2023
Leasehold improvements	$	8,110	$	8,110
Computer equipment	9,038		8,885
Furniture and fixtures	2,524		2,597
Internally developed and purchased software	30,583		19,324
	50,255		38,916
Accumulated depreciation and amortization	(22,117)		(20,152)
Property and equipment, net	$	28,138	$	18,764

Depreciation and amortization expense related to property and equipment was $2.1 million and $1.0 million for the three months ended March 31, 2024 and 2023, respectively.

The Company capitalized $7.5 million and $4.1 million as internal-use software development costs during the three months ended March 31, 2024, and 2023, respectively.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:


	March 31, 2024		December 31, 2023
Accrued costs of revenue	$	78,558	$	73,645

Accrued compensation and benefits	19,262		42,095
Deferred revenue	11,570		11,829
Due to issuing banks	7,892		7,892
Accrued tax liabilities	4,943		4,929
Accrued professional services	4,128		4,559
Operating lease liabilities, current portion	4,016		3,908
Reserve for contract contingencies and processing errors	3,861		3,754
Other accrued liabilities	13,572		8,903
Accrued expenses and other current liabilities	$	147,802	$	161,514