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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)202420232022
Cash and cash equivalents$25,964$37,395$153,209
Restricted cash, current1,500
Restricted cash, non-current3,6573,5803,334
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)202420232022
Cash and cash equivalents$25,964$37,395$153,209
Restricted cash, current1,500
Restricted cash, non-current3,6573,5803,334
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 improvementsLesser of lease term or life of asset
Furniture and fixtures3 years
Computer equipment and software3 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)20242023
Internal-use software$20,026$19,541
Leasehold improvements4,0293,605
Furniture and fixtures731,131
Computer equipment and software621919
Software in progress913569
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 1Level 2Level 3Total
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 1Level 2Level 3Total
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 charges2,004 
Cash payments(1,672)
Balance, December 31, 2023
$396 
Restructuring charges1,391 
Cash payments(525)
Balance, December 31, 2024
$1,262 
The employee severance and benefits costs are included within the respective financial statement line items on the consolidated statement of operations as shown in the table below for the years ended December 31, 2024, 2023 and 2022.
Year Ended December 31,
(in thousands)202420232022
Cost of revenue$— $135 $58 
Sales and marketing923 789 333 
Technology development— 1,044 201 
General and administrative468 36 68 
Total $1,391 $2,004 $660