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Summary of Business and Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Summary of operating segment information

The following tables sets forth operating segment information (in thousands):

 

 

Year Ended December 31,

 

 

2024

 

 

2023

 

 

2022

 

Revenue

$

299,272

 

 

$

276,284

 

 

$

238,067

 

Less:

 

 

 

 

 

 

 

 

Cost of revenue(1)

 

69,962

 

 

 

63,385

 

 

 

61,957

 

Research and development(1)

 

51,921

 

 

 

52,619

 

 

 

52,113

 

Sales and marketing(1)

 

135,047

 

 

 

123,333

 

 

 

112,576

 

General and administrative(1)

 

46,346

 

 

 

40,440

 

 

 

37,669

 

Other segment expenses

 

103,379

 

 

 

99,027

 

 

 

70,314

 

Other income

 

(14,855

)

 

 

(13,426

)

 

 

(3,981

)

Provision for income taxes

 

1,791

 

 

 

1,269

 

 

 

796

 

Consolidated net loss

$

(94,319

)

 

$

(90,363

)

 

$

(93,377

)

 

(1)
Amounts exclude other segment expenses as follows:

 

 

Year Ended December 31,

 

 

2024

 

 

2023

 

 

2022

 

Stock-based compensation expense and related employer payroll taxes

$

102,645

 

 

$

89,472

 

 

$

68,297

 

Amortization of acquired intangible assets

 

734

 

 

 

1,413

 

 

 

2,017

 

Restructuring and other related charges

 

 

 

 

8,142

 

 

 

 

Total other segment expenses

$

103,379

 

 

$

99,027

 

 

$

70,314

 

Summary of Remaining Performance Obligations

The Company’s remaining performance obligations as of December 31, 2024 are expected to be recognized as follows (in thousands):

 

 

 

As of
December 31,
2024

 

 

As of
December 31,
2023

 

 

 

 

 

 

 

 

Less than or equal to 12 months

 

$

223,320

 

 

$

188,456

 

Greater than 12 months

 

 

85,315

 

 

 

50,962

 

Total remaining performance obligations

 

$

308,635

 

 

$

239,418

 

 

Summary of Disaggregation of Revenue by Geographic Areas

The following table shows the Company’s disaggregation of revenue by geographic areas, as determined based on the address of the Company's customers (in thousands):

 

 

 

Year Ended
December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

United States

 

$

180,091

 

 

$

167,919

 

 

$

146,415

 

International

 

 

119,181

 

 

 

108,365

 

 

 

91,652

 

Total revenue

 

$

299,272

 

 

$

276,284

 

 

$

238,067

 

Summary of Deferred Commissions

The following table represents a roll-forward of the Company’s deferred commissions as of December 31, 2024 and 2023 (in thousands):

 

 

Year Ended
December 31,

 

 

 

2024

 

 

2023

 

Beginning balance

 

$

38,386

 

 

$

36,717

 

Additions to deferred commissions

 

 

18,551

 

 

 

13,656

 

Amortization of deferred commissions

 

 

(14,286

)

 

 

(11,987

)

Ending balance

 

 

42,651

 

 

 

38,386

 

Deferred commissions, current portion

 

 

14,954

 

 

 

11,444

 

Deferred commissions, net of current portion

 

 

27,697

 

 

 

26,942

 

Total deferred commissions

 

$

42,651

 

 

$

38,386

 

 

Schedule of Cash, Cash Equivalents, and Restricted Cash The following table represents the Company's cash, cash equivalents, and restricted cash at each period end (in thousands):

 

 

As of December 31,

 

 

 

2024

 

 

2023

 

Cash and cash equivalents

 

$

171,678

 

 

$

248,491

 

Restricted cash, current

 

 

881

 

 

 

 

Restricted cash, noncurrent

 

 

 

 

 

869

 

Total cash, cash equivalents, and restricted cash

 

$

172,559

 

 

$

249,360

 

Schedule of Estimated Useful Lives of Property and Equipment

Property and equipment are stated at cost less accumulated depreciation. Depreciation is calculated on a straight-line basis over the estimated useful lives of those assets, as follows:

Property

 

Useful Life

 

 

 

Office equipment

 

3 years

Furniture and fixtures

 

3 years

Leasehold improvements

 

Shorter of remaining lease term or 5 years

Software including internal-use software

 

3 years