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Financial Statement Components (Tables) | 6 Months Ended
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Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Cash and Cash Equivalents | Cash and cash equivalents consisted of the following (in thousands):
|  | June 30, 2024 |  | December 31, 2023
Cash |  | $ | 88,942 |  |  | $ | 69,566 |
Money market funds |  | 86,014 |  |  | 66,661 |
Certificates of deposit |  | 498 |  |  | 493 |
U.S. treasury securities |  | — |  |  | 4,983 |
Commercial paper |  | — |  |  | 1,498 |
Municipal bonds |  | 245 |  |  | — |
Total cash and cash equivalents |  | $ | 175,699 |  |  | $ | 143,201 |
Schedule of Accounts Receivable | Accounts receivable, net consisted of the following (in thousands):
|  | June 30, 2024 |  | December 31, 2023
Trade accounts receivable |  | $ | 94,389 |  |  | $ | 86,912 |
Unbilled trade accounts receivable, net of advance client deposits |  | 10,282 |  |  | 10,776 |
Provision for credit losses |  | (289) |  |  | (264) |
Accounts receivable, net |  | $ | 104,382 |  |  | $ | 97,424 |
Schedule of Prepaid Expenses and Other Current Assets | Prepaid expenses and other current assets consisted of the following (in thousands):
|  | June 30, 2024 |  | December 31, 2023
Prepaid expenses |  | $ | 30,357 |  |  | $ | 22,023 |
Other current assets |  | 9,428 |  |  | 8,493 |
Contract assets |  | 1,975 |  |  | 4,106 |
Prepaid expenses and other current assets |  | $ | 41,760 |  |  | $ | 34,622 |
Schedule of Property and Equipment | Property and equipment, net consisted of the following (in thousands):
|  | June 30, 2024 |  | December 31, 2023
Computer and network equipment |  | $ | 175,017 |  |  | $ | 155,997 |
Computer software |  | 62,623 |  |  | 59,452 |
Internal-use software development costs |  | 30,847 |  |  | 19,734 |
Furniture and fixtures |  | 4,799 |  |  | 4,666 |
Leasehold improvements |  | 6,444 |  |  | 6,425 |
Property and equipment |  | 279,730 |  |  | 246,274 |
Accumulated depreciation and amortization |  | (155,130) |  |  | (137,702) |
Property and equipment, net |  | $ | 124,600 |  |  | $ | 108,572 |
Schedule of Other Assets | Other assets consisted of the following (in thousands):
|  | June 30, 2024 |  | December 31, 2023
Other assets |  | $ | 12,345 |  |  | $ | 10,433 |
Equity investment in a privately-held company |  | 2,000 |  |  | 2,000 |
Deferred tax assets |  | 3,410 |  |  | 3,766 |
Other assets |  | $ | 17,755 |  |  | $ | 16,199 |
Schedule of Accrued and Other Current Liabilities | Accrued and other current liabilities consisted of the following (in thousands):
|  | June 30, 2024 |  | December 31, 2023
Accrued expenses |  | $ | 29,723 |  |  | $ | 18,282 |
Accrued compensation and benefits |  | 38,508 |  |  | 35,927 |
Accrued federal fees |  | 4,759 |  |  | 4,166 |
Sales tax liabilities |  | 3,330 |  |  | 3,756 |
Accrued and other current liabilities |  | $ | 76,320 |  |  | $ | 62,131 |
Schedule of Other Long-term Liabilities | Other long-term liabilities consisted of the following (in thousands):
| June 30, 2024 |  | December 31, 2023
Deferred revenue | $ | 767 |  |  | $ | 1,350 |
Sales tax liabilities | 705 |  |  | 926 |
Other long-term liabilities | 4,189 |  |  | 5,612 |
Other long-term liabilities | $ | 5,661 |  |  | $ | 7,888 |

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