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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 539,300 $ 654,608
Short-term investments 31,694 0
Accounts receivable, net of allowance of $386 and $507, respectively 20,275 18,215
Unbilled receivables, net of allowance of $25 and $27, respectively 13,052 10,689
Funds receivable from payment partners 84,974 113,945
Prepaid expenses and other current assets 21,633 18,227
Total current assets 710,928 815,684
Long-term investments 26,721 0
Property and equipment, net 17,074 15,134
Intangible assets, net 101,303 108,178
Goodwill 120,657 121,646
Other assets 22,029 19,089
Total assets 998,712 1,079,731
Current liabilities:    
Accounts payable 13,509 12,587
Funds payable to clients 116,191 210,922
Accrued expenses and other current liabilities 43,536 43,315
Deferred revenue 4,183 6,968
Total current liabilities 177,419 273,792
Deferred tax liabilities 14,744 15,391
Other liabilities 3,989 4,431
Total liabilities 196,152 293,614
Commitments and contingencies (Note 15)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of June 30, 2024 and December 31, 2023; and no shares issued and outstanding as of June 30, 2024 and December 31, 2023 0 0
Voting common stock, $0.0001 par value; 2,000,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 125,528,991 shares issued and 123,233,953 shares outstanding as of June 30, 2024; 123,010,207 shares issued and 120,695,162 shares outstanding as of December 31, 2023 11 11
Non-voting common stock, $0.0001 par value; 10,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 1,873,320 shares issued and outstanding as of June 30, 2024 and December 31, 2023 1 1
Treasury voting common stock, 2,295,038 and 2,315,045 shares as of June 30, 2024 and December 31, 2023, respectively, held at cost (741) (747)
Additional paid-in capital 997,057 959,302
Accumulated other comprehensive income 99 1,320
Accumulated deficit (193,867) (173,770)
Total stockholders' equity 802,560 786,117
Total liabilities and stockholders' equity $ 998,712 $ 1,079,731