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Stock-based compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Stock option valuation assumptions used

The following table presents, on a weighted-average basis, the assumptions used in the Black Scholes option-pricing model to determine the grant-date fair value for the year ended December 31, 2022:

															Year Ended December 31, 2022
Expected term in years															6.0
Expected stock price volatility															64.6%
Risk-free interest rate															2.3%
Expected dividend yield															—

Stock option activity

The following table summarizes the activity related to Company’s stock options:

			Number of Options						Weighted- Average Exercise Price						Weighted- Average Remaining Contractual Term (Years)						Aggregate Intrinsic Value (in thousands)
Outstanding as of December 31, 2023			3,831,710						$	6.97					5.8						$	826
Granted			—						—
Exercised			(201,779)						4.05
Cancelled/Forfeited			(69,787)						8.85
Outstanding as of December 31, 2024			3,560,144						$	7.09					4.9						$	—
Options exercisable as of December 31, 2024			3,152,414						$	7.00					4.6						$	—
Options vested and expected to vest as of December 31, 2024			3,560,144						$	7.09					4.9						$	—

Restricted stock units activity

The following table summarizes the activity related to the Company's restricted stock units:

			Outstanding Restricted Stock Units						Weighted- Average Grant Date Fair Value
Outstanding as of December 31, 2023			3,400,489						$	5.40
Granted			3,209,607						$	5.77
Vested			(2,116,602)						$	5.67
Cancelled/Forfeited			(263,318)						$	5.69
Outstanding as of December 31, 2024			4,230,176						$	5.52

Classification of stock-based compensation

The following table summarizes the classification of the Company’s stock-based compensation expense in the consolidated statements of operations:

			Year Ended December 31,
(in thousands)			2024						2023						2022
Cost of revenue			$	346					$	390					$	574
Sales and marketing			3,656						2,899						2,522
Technology development			3,904						3,609						4,118
General and administrative			6,870						5,465						4,000
Total stock-based compensation expense			$	14,776					$	12,363					$	11,214

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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-SubTopic 10
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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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