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Other Financial Statement Information
 12 Months Ended
Dec. 31, 2024
Other Financial Information [Abstract]  
Other Financial Statement Information Other Financial Statement Information
Accounts Receivable
Changes in the allowances consisted of the following (in thousands):
Year Ended December 31,
202420232022
Beginning balance$4,906 $4,730 $4,060 
Add: amounts recognized as a reduction of revenue6,594 8,220 8,193 
(Less) add: allowance for credit losses recognized in general and administrative expense
(37)1,144 446 
Less: write-offs, net of recoveries(9,342)(9,188)(7,969)
Ending balance$2,121 $4,906 $4,730 
The allowance recognized as a reduction of revenue primarily relates to our installment plan receivables for which we expect we will not be entitled to a portion of the transaction price based on our historical experience with similar transactions. The allowance recognized against general and administrative expense represents an allowance relating to receivables from partners that are no longer considered collectible.
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following (in thousands):
As of December 31,
20242023
Prepaid expenses$9,129 $10,423 
Deferred cost of revenue1,670 1,678 
Capitalized cloud computing development costs1,599 1,085 
Income tax receivable3,701 35 
Other current assets1,827 1,938 
Total prepaid expenses and other current assets$17,926 $15,159 
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in thousands):
As December 31,
20242023
Accrued payroll and related expenses$27,518 $33,635 
Accrued vendor payables15,895 11,223 
Accrued advertising1,636 — 
Sales allowances3,086 3,412 
Accrued sales, use and business taxes6,984 9,795 
Other2,809 3,613 
Total accrued expenses and other current liabilities$57,928 $61,678 
Changes in sales allowances relating to charge-backs, sales credits and refunds consisted of the following (in thousands):
Year Ended December 31,
202420232022
Beginning balance$3,412 $4,426 $4,862 
Add: increase in sales allowances4,327 6,635 7,217 
Less: utilization of reserves(4,653)(7,649)(7,653)
Ending balance$3,086 $3,412 $4,426 
Depreciation and Amortization
Depreciation and amortization expense of our property and equipment, including capitalized internal-use software, and intangible assets consisted of the following (in thousands):
Year Ended December 31,
202420232022
Cost of revenue$18,902 $12,772 $8,581 
Sales and marketing3,736 5,286 7,014 
Technology and development7,688 4,184 2,834 
General and administrative4,601 3,141 3,316 
Total depreciation and amortization expense$34,927 $25,383 $21,745 
Deferred Revenue
Deferred revenue as of December 31, 2024 and 2023 was $175.0 million and $168.4 million, respectively. Revenue recognized in 2024, 2023 and 2022 that was included in deferred revenue at the beginning of the year
was $168.0 million, $163.4 million and $146.6 million, respectively. We expect to recognize substantially all of the deferred revenue as of December 31, 2024 as revenue in 2025.
We have omitted disclosure on the transaction price allocated to remaining performance obligations and estimated timing of revenue recognition as our contracts with customers that have a duration of more than one year are immaterial.