XML 48 R32.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Accounting Policies [Abstract] |
Cash and cash equivalents | The following represents the Company’s cash, cash equivalents, and restricted cash as of the periods presented:
| December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
Cash and cash equivalents | $ | 25,964 |  | $ | 37,395 |  | $ | 153,209
Restricted cash, current | — |  | — |  | 1,500
Restricted cash, non-current | 3,657 |  | 3,580 |  | 3,334
Total cash, cash equivalents and restricted cash | $ | 29,621 |  | $ | 40,975 |  | $ | 158,043
Restricted cash | The following represents the Company’s cash, cash equivalents, and restricted cash as of the periods presented:
| December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
Cash and cash equivalents | $ | 25,964 |  | $ | 37,395 |  | $ | 153,209
Restricted cash, current | — |  | — |  | 1,500
Restricted cash, non-current | 3,657 |  | 3,580 |  | 3,334
Total cash, cash equivalents and restricted cash | $ | 29,621 |  | $ | 40,975 |  | $ | 158,043
Property and Equipment, Net | The general range of useful lives of property and equipment is as follows:
| Estimated Useful Life
Leasehold improvements | Lesser of lease term or life of asset
Furniture and fixtures | 3 years
Computer equipment and software | 3 years
Internal-use software | Lesser of contract term or 3 years
As of December 31, 2024 and 2023, property and equipment, net consisted of the following:
| December 31,
(in thousands) | 2024 |  | 2023
Internal-use software | $ | 20,026 |  | $ | 19,541
Leasehold improvements | 4,029 |  | 3,605
Furniture and fixtures | 73 |  | 1,131
Computer equipment and software | 621 |  | 919
Software in progress | 913 |  | 569
Total property and equipment, gross | $ | 25,662 |  | $ | 25,765
Less: Accumulated depreciation and amortization | (22,098) |  | (22,381)
Total property and equipment, net | $ | 3,564 |  | $ | 3,384
Fair value measurements, recurring and nonrecurring | The table below segregates all assets that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date:
| December 31, 2024
(in thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash equivalents: |  |  |  |  |  |  |
Money market fund | $ | 6,795 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,795 |
U.S. Treasury securities | — |  |  | 3,199 |  |  | — |  |  | 3,199 |
Total cash equivalents | $ | 6,795 |  |  | $ | 3,199 |  |  | $ | — |  |  | $ | 9,994 |
Short-term investments: |  |  |  |  |  |  |
Commercial paper | $ | — |  |  | $ | 2,263 |  |  | $ | — |  |  | $ | 2,263 |
Corporate notes | — |  |  | 27,092 |  |  | — |  |  | 27,092 |
U.S. Treasury securities | — |  |  | 14,852 |  |  | — |  |  | 14,852 |
U.S. Government agency securities | — |  |  | 33,712 |  |  | — |  |  | 33,712 |
Total short-term investments | $ | — |  |  | $ | 77,919 |  |  | $ | — |  |  | $ | 77,919 |
| December 31, 2023
(in thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash equivalents: |  |  |  |  |  |  |
Money market fund | $ | 5,797 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,797 |
U.S. Treasury securities | — |  |  | 4,991 |  |  | — |  |  | 4,991 |
Total cash equivalents | $ | 5,797 |  |  | $ | 4,991 |  |  | $ | — |  |  | $ | 10,788 |
Short-term investments: |  |  |  |  |  |  |
Commercial paper | $ | — |  |  | $ | 18,112 |  |  | — |  |  | 18,112 |
Corporate notes | — |  |  | 7,641 |  |  | — |  |  | 7,641 |
U.S. Treasury securities | — |  |  | 11,971 |  |  | — |  |  | 11,971 |
U.S. Government agency securities | — |  |  | 64,202 |  |  | — |  |  | 64,202 |
Total short-term investments | $ | — |  |  | $ | 101,926 |  |  | $ | — |  |  | $ | 101,926 |
Restructuring charges | The following table displays a rollforward of the charges to the accrued balance as of December 31, 2024:
(in thousands) | Restructuring Charges
Balance, December 31, 2022 | $ | 64 |
Restructuring charges | 2,004 |
Cash payments | (1,672) |
Balance, December 31, 2023 | $ | 396 |
Restructuring charges | 1,391 |
Cash payments | (525) |
Balance, December 31, 2024 | $ | 1,262 |
The employee severance and benefits costs are included within the respective financial statement line items on the consolidated statement of operations as shown in the table below for the years ended December 31, 2024, 2023 and 2022.
| Year Ended December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
Cost of revenue | $ | — |  |  | $ | 135 |  |  | $ | 58 |
Sales and marketing | 923 |  |  | 789 |  |  | 333 |
Technology development | — |  |  | 1,044 |  |  | 201 |
General and administrative | 468 |  |  | 36 |  |  | 68 |
Total | $ | 1,391 |  |  | $ | 2,004 |  |  | $ | 660 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash and cash equivalents. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 8 -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-8 + Details
Name: | us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration