Certain Balance Sheet Components

3 Months Ended

Mar. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Certain Balance Sheet Components

Certain Balance Sheet Components

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	March 31, 2022		December 31, 2021
Prepaid hosting and data costs	$	22,599	$	2,455
Prepaid expenses	7,408		6,492
Inventory	4,942		3,940
Prepaid insurance	1,955		3,546
Card program deposits	2,128		2,167
Contract assets	627		950
Other financial instruments	—		11,616
Other current assets	4,130		4,451
Prepaid expenses and other current assets	$	43,789	$	35,617

In 2021, the Company acquired a preferred equity interest in a private company that is accounted for under the equity method of accounting. Concurrent with this investment, the Company also acquired an option that gives the Company the right, but not the obligation, to purchase all of the remaining equity interests of the private company. During the three months ended March 31, 2022, the Company recorded an impairment of $11.6 million related to this option.

Property and Equipment, net

Property and equipment consisted of the following:

	March 31, 2022		December 31, 2021
Leasehold improvements	$	8,110	$	8,110
Computer equipment	8,921		8,581
Furniture and fixtures	2,459		2,459
Internally developed and purchased software	2,993		2,954
	22,483		22,104
Accumulated depreciation and amortization	(13,363)		(12,417)
Property and equipment, net	$	9,120	$	9,687

Depreciation and amortization expense was $1.0 million and $0.9 million for the three months ended March 31, 2022 and 2021, respectively.

The Company did not capitalize any material internal-use software costs during the three months ended March 31, 2022 and 2021 because development costs meeting capitalization criteria were not material during the respective periods.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	March 31, 2022		December 31, 2021
Accrued costs of revenue	$	46,726	$	41,339
Accrued compensation and benefits	17,718		32,954
Deferred revenue	18,839		19,060
Reserve for contract contingencies and processing errors	3,764		3,386
Operating lease liabilities, current portion	3,109		3,021
Accrued professional services	3,785		2,454
Other accrued liabilities	8,205		11,882
Accrued expenses and other current liabilities	$	102,146	$	114,096

Other Liabilities

Other liabilities consisted of the following:

	March 31, 2022		December 31, 2021
Deferred revenue, net of current portion	$	3,894	$	6,107
Other long-term liabilities	450		450
Other liabilities	$	4,344	$	6,557