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Financial Statement Components
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Financial Statement Components Financial Statement Components
Cash and cash equivalents consisted of the following (in thousands):
June 30, 2025December 31, 2024
Cash$167,900 $162,902 
Money market funds37,579 114,370 
Certificates of deposit— 496 
U.S. treasury securities— 42,946 
U.S. agency and government sponsored securities— 41,832 
Total cash and cash equivalents$205,479 $362,546 
Accounts receivable, net consisted of the following (in thousands):
June 30, 2025December 31, 2024
Trade accounts receivable$110,623 $99,551 
Unbilled trade accounts receivable, net of advance customer deposits17,596 15,962 
Provision for credit losses(384)(341)
Accounts receivable, net$127,835 $115,172 
There was one customer that represented 12% of accounts receivable as of June 30, 2025.
Prepaid expenses and other current assets consisted of the following (in thousands):
June 30, 2025December 31, 2024
Prepaid expenses$34,516 $27,988 
Other current assets10,416 15,646 
Contract assets3,054 7,206 
Prepaid expenses and other current assets$47,986 $50,840 
Property and equipment, net consisted of the following (in thousands):
June 30, 2025December 31, 2024
Computer and network equipment$177,866 $173,671 
Computer software65,765 66,455 
Internal-use software development costs72,900 49,340 
Furniture and fixtures4,559 5,127 
Leasehold improvements6,746 6,736 
Property and equipment327,836 301,329 
Accumulated depreciation and amortization(173,337)(156,441)
Property and equipment, net$154,499 $144,888 
Depreciation and amortization expense associated with property and equipment was $11.2 million and $21.6 million for the three and six months ended June 30, 2025, respectively. Depreciation and amortization expense associated with property and equipment was $10.3 million and $19.8 million for the three and six months ended June 30, 2024, respectively. During the three and six months ended June 30, 2025, the Company recorded impairment charge of property and equipment in the amount of $0.5 million and $0.8 million, respectively.
Other assets consisted of the following (in thousands):
June 30, 2025December 31, 2024
Other assets$7,735 $8,984 
Equity investment in a privately-held company750 750 
Deferred tax assets2,767 3,650 
Other assets$11,252 $13,384 
Accrued and other current liabilities consisted of the following (in thousands):
June 30, 2025December 31, 2024
Accrued expenses$26,283 $30,822 
Accrued compensation and benefits46,403 44,002 
Accrued federal fees6,900 4,913 
Sales tax liabilities2,284 3,983 
Accrued and other current liabilities$81,870 $83,720 
Other long-term liabilities consisted of the following (in thousands):
June 30, 2025December 31, 2024
Deferred revenue$507 $865 
Deferred tax liabilities460 186 
Sales tax liabilities1,080 244 
Other long-term liabilities4,990 5,422 
Other long-term liabilities$7,037 $6,717