Squarespace (SQSP) 10-Q 7 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover	9 Months Ended
	Sep. 30, 2023 shares
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	001-40393
Entity Registrant Name	SQUARESPACE, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-0375811
Entity Address, Address Line One	225 Varick Street
Entity Address, Address Line Two	12th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10014
City Area Code	646
Local Phone Number	580-3456
Title of 12(b) Security	Title of each classClass A Common Stock, $0.0001 par value per share
Trading Symbol	SQSP
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Amendment Flag	false
Entity Central Index Key	0001496963
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	88,124,267
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	47,844,755
Class C Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	0

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 216,464	$ 197,037
Restricted cash	40,671	35,583
Investment in marketable securities	0	31,757
Accounts receivable, net	21,999	10,748
Due from vendors	4,292	4,442
Prepaid expenses and other current assets	57,398	48,326
Total current assets	340,824	327,893
Property and equipment, net	57,245	51,633
Operating lease right-of-use assets	79,810	86,824
Goodwill	210,438	210,438
Intangible assets, net	205,147	42,808
Other assets	11,432	10,921
Total assets	904,896	730,517
Current liabilities:
Accounts payable	10,561	12,987
Accrued liabilities	113,733	64,360
Deferred revenue	315,603	269,689
Funds payable to customers	44,208	38,845
Debt, current portion	48,977	40,758
Operating lease liabilities, current portion	12,352	11,514
Total current liabilities	545,434	438,153
Deferred income taxes, non-current portion	978	788
Debt, non-current portion	531,714	473,167
Operating lease liabilities, non-current portion	100,710	110,169
Other liabilities	14,022	11,231
Total liabilities	1,192,858	1,033,508
Commitments and contingencies
Stockholders’ deficit:
Additional paid in capital	905,069	875,737
Accumulated other comprehensive loss	(3,631)	(1,665)
Accumulated deficit	(1,189,413)	(1,177,076)
Total stockholders’ deficit	(287,962)	(302,991)
Total liabilities and stockholders’ deficit	904,896	730,517
Class A common stock, par value of $0.0001; 1,000,000,000 shares authorized as of September 30, 2023 and December 31, 2022, respectively; 88,124,267 and 87,754,534 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively
Stockholders’ deficit:
Common stock	8	8
Class B common stock, par value of $0.0001; 100,000,000 shares authorized as of September 30, 2023 and December 31, 2022, respectively; 47,844,755 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively
Stockholders’ deficit:
Common stock	5	5
Class C common stock (authorized May 10, 2021), par value of $0.0001; 1,000,000,000 shares authorized as of September 30, 2023 and December 31, 2022, respectively; zero shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively
Stockholders’ deficit:
Common stock	$ 0	$ 0

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, issued (in shares)	88,124,267	87,754,534
Common stock, outstanding (in shares)	88,124,267	87,754,534
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	100,000,000	100,000,000
Common stock, issued (in shares)	47,844,755	47,844,755
Common stock, outstanding (in shares)	47,844,755	47,844,755
Class C Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, issued (in shares)	0	0
Common stock, outstanding (in shares)	0	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Revenue	$ 257,061	$ 217,696	$ 741,618	$ 638,160
Cost of revenue	51,753	38,907	137,870	112,549
Gross profit	205,308	178,789	603,748	525,611
Operating expenses:
Research and product development	60,491	54,312	180,473	170,469
Marketing and sales	81,016	74,248	258,061	255,897
General and administrative	36,155	38,507	99,404	113,678
Total operating expenses	177,662	167,067	537,938	540,044
Operating income/(loss)	27,646	11,722	65,810	(14,433)
Interest expense	(9,321)	(5,209)	(26,050)	(10,977)
Other income, net	6,327	6,869	7,525	14,597
Income/(loss) before provision for income taxes	24,652	13,382	47,285	(10,813)
Provision for income taxes	(41,151)	(3,277)	(59,622)	(7,446)
Net (loss)/income	$ (16,499)	$ 10,105	$ (12,337)	$ (18,259)
Net (loss)/income per share, basic (in dollars per share)	$ (0.12)	$ 0.07	$ (0.09)	$ (0.13)
Net (loss)/income per share, dilutive (in dollars per share)	$ (0.12)	$ 0.07	$ (0.09)	$ (0.13)
Weighted-average shares used in computing net (loss)/income per share, basic (in shares)	135,736,599	137,832,634	135,321,873	139,106,807
Weighted-average shares used in computing net (loss)/income per share, dilutive (in shares)	135,736,599	139,667,719	135,321,873	139,106,807

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net (loss)/income	$ (16,499)	$ 10,105	$ (12,337)	$ (18,259)
Other comprehensive loss
Foreign currency translation adjustment	(2,144)	(2,275)	(2,182)	(5,113)
Unrealized (loss)/gain on marketable securities, net of income taxes	0	(35)	216	(290)
Total other comprehensive loss	(2,144)	(2,310)	(1,966)	(5,403)
Total comprehensive (loss)/income	$ (18,643)	$ 7,795	$ (14,303)	$ (23,662)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($) $ in Thousands	Total	Class A Common Stock	Class B Common Stock	Class C Common Stock	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Common Stock Class C Common Stock	Additional Paid in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2021					90,826,625	48,344,755	0
Beginning balance at Dec. 31, 2021	$ (13,479)				$ 9	$ 5	$ 0	$ 911,570	$ (208)	$ (924,855)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	24,160							24,160
Stock option exercises (in shares)					343,687	0
Stock option exercises	1,141							1,141
Vested RSUs converted to common shares (in shares)					680,134
Taxes paid related to net share settlement of equity awards (in shares)					(287,455)
Taxes paid related to net share settlement of equity awards	(7,672)							(7,672)
Net income (loss)	(92,860)							0		(92,860)
Total other comprehensive income (loss), net of taxes	(979)								(979)
Ending balance (in shares) at Mar. 31, 2022					91,562,991	48,344,755	0
Ending balance at Mar. 31, 2022	(89,689)				$ 9	$ 5	$ 0	929,199	(1,187)	(1,017,715)
Beginning balance (in shares) at Dec. 31, 2021					90,826,625	48,344,755	0
Beginning balance at Dec. 31, 2021	(13,479)				$ 9	$ 5	$ 0	911,570	(208)	(924,855)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase and retirement of Class A common stock (in shares)		(3,994,455)
Repurchase and retirement of Class A common stock, consideration		$ (85,580)
Net income (loss)	(18,259)
Ending balance (in shares) at Sep. 30, 2022					88,984,890	47,844,755	0
Ending balance at Sep. 30, 2022	(62,109)				$ 9	$ 5	$ 0	886,602	(5,611)	(943,114)
Beginning balance (in shares) at Mar. 31, 2022					91,562,991	48,344,755	0
Beginning balance at Mar. 31, 2022	(89,689)				$ 9	$ 5	$ 0	929,199	(1,187)	(1,017,715)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	27,056							27,056
Stock option exercises (in shares)					269,064	0
Stock option exercises	969							969
Vested RSUs converted to common shares (in shares)					827,149
Taxes paid related to net share settlement of equity awards (in shares)					(350,156)
Taxes paid related to net share settlement of equity awards	(7,602)							(7,602)
Repurchase and retirement of Class A common stock (in shares)					(1,562,460)
Repurchase and retirement of Class A common stock, consideration	(35,202)							(35,202)
Conversion of Class B common stock to Class A common stock (in shares)					500,000	(500,000)
Net income (loss)	64,496									64,496
Total other comprehensive income (loss), net of taxes	(2,114)								(2,114)
Ending balance (in shares) at Jun. 30, 2022					91,246,588	47,844,755	0
Ending balance at Jun. 30, 2022	(42,086)				$ 9	$ 5	$ 0	914,420	(3,301)	(953,219)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	24,572							24,572
Stock option exercises (in shares)					29,797	0
Stock option exercises	48							48
Vested RSUs converted to common shares (in shares)					237,846
Taxes paid related to net share settlement of equity awards (in shares)					(97,346)
Taxes paid related to net share settlement of equity awards	(2,060)							(2,060)
Repurchase and retirement of Class A common stock (in shares)		(2,431,995)			(2,431,995)
Repurchase and retirement of Class A common stock, consideration	(50,378)	$ (50,378)						(50,378)
Net income (loss)	10,105									10,105
Total other comprehensive income (loss), net of taxes	(2,310)								(2,310)
Ending balance (in shares) at Sep. 30, 2022					88,984,890	47,844,755	0
Ending balance at Sep. 30, 2022	(62,109)				$ 9	$ 5	$ 0	886,602	(5,611)	(943,114)
Beginning balance (in shares) at Dec. 31, 2022		87,754,534	47,844,755	0	87,754,534	47,844,755	0
Beginning balance at Dec. 31, 2022	(302,991)				$ 8	$ 5	$ 0	875,737	(1,665)	(1,177,076)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	22,595							22,595
Stock option exercises (in shares)					13,050
Stock option exercises	52							52
Vested RSUs converted to common shares (in shares)					1,357,462
Taxes paid related to net share settlement of equity awards (in shares)					(573,862)
Taxes paid related to net share settlement of equity awards	(13,369)							(13,369)
Repurchase and retirement of Class A common stock (in shares)					(1,256,170)
Repurchase and retirement of Class A common stock, consideration	(25,321)							(25,321)
Excise tax on repurchase of Class A common stock	(277)							(277)
Net income (loss)	502									502
Total other comprehensive income (loss), net of taxes	474								474
Ending balance (in shares) at Mar. 31, 2023					87,295,014	47,844,755	0
Ending balance at Mar. 31, 2023	(318,335)				$ 8	$ 5	$ 0	859,417	(1,191)	(1,176,574)
Beginning balance (in shares) at Dec. 31, 2022		87,754,534	47,844,755	0	87,754,534	47,844,755	0
Beginning balance at Dec. 31, 2022	(302,991)				$ 8	$ 5	$ 0	875,737	(1,665)	(1,177,076)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase and retirement of Class A common stock (in shares)		(1,256,170)
Repurchase and retirement of Class A common stock, consideration		$ (25,321)
Net income (loss)	(12,337)
Ending balance (in shares) at Sep. 30, 2023		88,124,267	47,844,755	0	88,124,267	47,844,755	0
Ending balance at Sep. 30, 2023	(287,962)				$ 8	$ 5	$ 0	905,069	(3,631)	(1,189,413)
Beginning balance (in shares) at Mar. 31, 2023					87,295,014	47,844,755	0
Beginning balance at Mar. 31, 2023	(318,335)				$ 8	$ 5	$ 0	859,417	(1,191)	(1,176,574)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	30,648							30,648
Stock option exercises (in shares)					21,635
Stock option exercises	42							42
Vested RSUs converted to common shares (in shares)					640,562
Taxes paid related to net share settlement of equity awards (in shares)					(233,544)
Taxes paid related to net share settlement of equity awards	(6,915)							(6,915)
Net income (loss)	3,660									3,660
Total other comprehensive income (loss), net of taxes	(296)								(296)
Ending balance (in shares) at Jun. 30, 2023					87,723,667	47,844,755	0
Ending balance at Jun. 30, 2023	(291,196)				$ 8	$ 5	$ 0	883,192	(1,487)	(1,172,914)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	29,806							29,806
Stock option exercises (in shares)					19,564
Stock option exercises	57							57
Vested RSUs converted to common shares (in shares)					642,162
Taxes paid related to net share settlement of equity awards (in shares)					(261,126)
Taxes paid related to net share settlement of equity awards	(7,986)							(7,986)
Repurchase and retirement of Class A common stock (in shares)		0
Net income (loss)	(16,499)									(16,499)
Total other comprehensive income (loss), net of taxes	(2,144)								(2,144)
Ending balance (in shares) at Sep. 30, 2023		88,124,267	47,844,755	0	88,124,267	47,844,755	0
Ending balance at Sep. 30, 2023	$ (287,962)				$ 8	$ 5	$ 0	$ 905,069	$ (3,631)	$ (1,189,413)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
OPERATING ACTIVITIES:
Net loss	$ (12,337)	$ (18,259)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	24,975	23,773
Stock-based compensation	79,922	75,051
Deferred income taxes	190	0
Non-cash lease (income)/expense	(1,601)	2,258
Other	485	700
Changes in operating assets and liabilities:
Accounts receivable and due from vendors	(11,151)	(3,099)
Prepaid expenses and other current assets	(9,486)	(11,514)
Accounts payable and accrued liabilities	44,080	6,034
Deferred revenue	47,786	38,035
Funds payable to customers	5,364	12,936
Other operating assets and liabilities	1,800	(798)
Net cash provided by operating activities	170,027	125,117
INVESTING ACTIVITIES:
Proceeds from the sale and maturities of marketable securities	39,664	22,740
Cash paid for asset acquisition	(176,721)	0
Purchases of marketable securities	(7,824)	(19,444)
Purchase of property and equipment	(13,141)	(8,852)
Net cash used in investing activities	(158,022)	(5,556)
FINANCING ACTIVITIES:
Borrowings on Term Loan	99,444	0
Payments of debt issuance costs	(637)	0
Principal payments on debt	(32,623)	(10,189)
Payments for repurchase and retirement of Class A common stock	(25,321)	(85,580)
Taxes paid related to net share settlement of equity awards	(28,306)	(17,334)
Proceeds from exercise of stock options	191	2,158
Net cash provided by/(used in) financing activities	12,748	(110,945)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(238)	(985)
Net increase in cash, cash equivalents and restricted cash	24,515	7,631
Cash, cash equivalents, and restricted cash at the beginning of the period	232,620	233,680
Cash, cash equivalents, and restricted cash at the end of the period	257,135	241,311
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	216,464	200,480
Restricted cash	40,671	40,831
Cash, cash equivalents, and restricted cash at the end of the period	257,135	241,311
SUPPLEMENTAL DISCLOSURE OF CASH FLOW
Cash paid during the year for interest	25,407	10,283
Cash paid during the year for income taxes	31,240	9,450
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCE ACTIVITIES
Purchases of property and equipment included in accounts payable and accrued liabilities	23	1,814
Non-cash leasehold improvements	0	5,863
Capitalized stock-based compensation	$ 3,127	$ 737

Description of Business

Description of Business	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Squarespace, Inc. and its subsidiaries (the “Company”) is a leading all-in-one platform for businesses and independent creators to build an online presence, grow their brands and manage their businesses across the internet. The Company offers websites, domains, e-commerce, tools for managing a social media presence, marketing tools, scheduling and hospitality services. The Company is headquartered in New York, NY, with additional offices operating in Chicago, IL, Dublin, Ireland, and Aveiro, Portugal. Emerging Growth Company Status The Company is an emerging growth company, as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act, until such time as those standards apply to private companies. The Company has elected to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies until the earlier of the date that the Company (i) is no longer an emerging growth company or (ii) affirmatively and irrevocably opts out of the extended transition period provided in the JOBS Act. As a result, the Company’s condensed consolidated financial statements may not be comparable to financial statements of issuers who are required to comply with the effective dates for new or revised accounting standards based on public company effective dates. The Company will remain an emerging growth company until the earliest of (i) the last day of the fiscal year in which the Company’s total annual gross revenue is at least $1,235,000, (ii) the last day of the fiscal year following the fifth anniversary of the completion of the Company's direct listing, (iii) the date on which the Company issued more than $1,000,000 in non-convertible debt securities during the prior three-year period, or (iv) the date on which the Company becomes a large accelerated filer.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation and Consolidation The Company’s condensed consolidated financial statements and related notes have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) and include the Company’s wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the applicable rules and regulations of the Securities and Exchange Commission. The condensed balance sheet data as of December 31, 2022 was derived from the Company's audited financial statements but does not include all disclosures required by U.S. GAAP. Therefore, these unaudited, condensed, consolidated financial statements and accompanying notes should be read in conjunction with the Company's annual consolidated financial statements and related notes included in the Company's Annual Report on Form 10-K filed with the SEC on March 9, 2023. In the opinion of management, the condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for the fair statement of the Company’s financial information. Use of Estimates The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Management’s estimates are based on historical experience and on various other market-specific and relevant assumptions that management believes to be reasonable under the circumstances. Actual results could differ from those estimates. Significant estimates include but are not limited to (i) the recognition and measurement of loss contingencies; (ii) the inputs used in the valuation of acquired intangible assets; (iii) the inputs used in the quantitative assessment over goodwill impairment (iii) the grant date fair value of stock-based awards; (iv) the recognition, measurement and valuation of current and deferred income taxes; (v) existence of applicable indirect tax nexus in different jurisdictions and associated indirect tax liabilities; and (vi) the incremental borrowing rate for operating lease liabilities. The Company evaluates its assumptions and estimates on an ongoing basis and adjusts prospectively, if necessary. Operating Segments and Reporting Units Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”), who makes decisions about allocating resources and assessing performance. The Company defines its CODM as its Chief Executive Officer (“CEO”). An operating segment is determined to be a reporting unit if all of its components are similar or if it consists of a single component. A component consists of a business within an operating segment for which discrete financial information is available and regularly reviewed by the CODM. During the nine months ended September 30, 2023, the Company revised its operating segments to reflect changes to the manner in which the CODM assesses performance and makes resource allocations. As a result of these changes, the Company is operating as one operating segment with one reportable segment. Therefore, all required segment information can be found in the condensed consolidated financial statements. Concentration of Risks Related to Credit, Interest Rates and Foreign Currencies The Company is subject to credit risk, interest rate risk on its outstanding indebtedness, market risk on investments and foreign currency risk in connection with the Company’s operations internationally. The Company maintains the components of its cash and cash equivalents balance in various accounts, which from time to time exceed the federal depository insurance coverage limit. In addition, substantially all cash and cash equivalents are held by four financial institutions. The Company has not experienced any concentration losses related to its cash, cash equivalents and marketable securities to date. As of September 30, 2023 and December 31, 2022, no single customer accounted for more than 10% of the Company’s accounts receivable. Additionally, no single customer accounted for more than 10% of the Company’s revenue during the three and nine months ended September 30, 2023 and 2022. The Company is also subject to foreign currency risks that arise from normal business operations. Foreign currency risks include the translation of local currency and intercompany balances established in local customer currencies sold through the Company's international subsidiaries. Cash and Cash Equivalents Cash and cash equivalents are stated at fair value. The Company considers all highly liquid investments purchased with an original maturity date of 90 days or less from the date of original purchase to be cash equivalents. Interest income on cash and cash equivalents was $2,274 and $4,808 for the three and nine months ended September 30, 2023, respectively, and $504 and $821 for the three and nine months ended September 30, 2022, respectively, and was included in other income, net in the condensed consolidated statements of operations. Restricted Cash and Payment Processing Transactions The Company processes certain payments and holds funds for its hospitality services on behalf of its customers consisting of prepayments for restaurant reservations, to-go orders, and events. While the Company does not have any contractual obligations to hold such cash as restricted, the prepayments and associated sales tax are included in restricted cash in the condensed consolidated balance sheets as of September 30, 2023 and December 31, 2022. In addition, the Company recognizes the liability due to restaurant customers in funds payable to customers and the associated sales tax payable in accrued liabilities in the condensed consolidated balance sheets as of September 30, 2023 and December 31, 2022. Funds are remitted to the restaurant customers based on the stipulated contract terms. In addition to restricted cash held on behalf of restaurant customers, the Company recognizes in-transit receivables from certain third-party vendors which assist in processing and settling payment transactions due to a clearing period before the related cash is received or settled. In-transit receivables are included in due from vendors in the condensed consolidated balance sheets as of September 30, 2023 and December 31, 2022. The following table represents the assets and liabilities related to payment processing transactions: September 30, 2023 December 31, 2022 Restricted cash $ 40,671 $ 35,583 Due from vendors 4,292 4,442 Total payment processing assets 44,963 40,025 Funds payable to customers (44,208) (38,845) Sales tax payable (755) (1,180) Total payment processing liabilities (44,963) (40,025) Total payment processing transactions, net $ — $ — Fair Value of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurement, describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value. The three-level hierarchy for fair value measurements is defined as follows: Level 1 Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets; Level 2 Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability other than quoted prices, either directly or indirectly, including inputs in markets that are not considered to be active; and Level 3 Inputs to the valuation methodology are unobservable and significant to the fair value measurement. See “Note 6. Fair Value of Financial Instruments” for further information. Asset Acquisitions The Company evaluates whether substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets to determine whether a transaction is accounted for as a business combination or an asset acquisition. The Company accounts for asset acquisitions using a cost accumulation model whereby the cost of the acquisition, including direct transaction costs, is allocated to the acquired assets based on their relative fair values. The asset acquisition cost or consideration transferred on the acquisition date is generally used in determining the fair value of the net assets acquired. The Company allocates the consideration transferred between the asset acquired and any separate related transactions on a relative fair value basis. Goodwill is not recognized in an asset acquisition and any excess consideration transferred over the fair value of the net assets acquired is allocated to the identifiable assets based on relative fair values. See “Note 4. Acquisitions” for further information. Intangible Assets The Company’s intangible assets are finite-lived and are amortized on a straight-line basis over their estimated useful lives, which are aligned to the economic benefit of the asset. Leases The Company adopted ASC Topic 842, Leases ("ASC Topic 842"), as of January 1, 2022. The Company determines if an arrangement is or contains a lease at inception by assessing whether the arrangement conveys the right to control the use of an identified asset. The Company classifies, measures and recognizes a lease liability on the lease commencement date based on the present value of lease payments over the remaining lease term. As of September 30, 2023, the Company's leases were classified as operating leases. The Company uses an estimated incremental borrowing rate based on information available at the lease commencement date in determining the present value of future payments as the rate implicit in the lease is not generally known. The incremental borrowing rate is based on the rate of interest the Company would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. Operating right-of-use assets related to operating lease liabilities equal the amount of the initial measurement of the lease liability adjusted for any initial direct costs, prepaid rent and lease incentives received. Lease terms that are used in determining operating lease liabilities at lease inception may include options to extend or terminate the leases and when it is reasonably certain that the Company will exercise such options. Operating lease expense is recorded on a straight-line basis over the lease term. The straight-line expense is allocated within the condensed consolidated statements of operations based on departmental employee headcount. Variable lease costs are recognized as incurred and allocated within the condensed consolidated statements of operations based on departmental employee headcount. The Company has applied practical expedients for lease agreements with lease and non-lease components, and in such cases, accounts for the components as a single lease component. The Company has also elected not to recognize operating right-of-use assets and operating lease liabilities for any lease with an original lease term of less than one year. Operating lease right-of-use assets are included in non-current assets on the condensed consolidated balance sheets for the entire lease term. The Company includes the portion of the total lease payments, net of implicit interest, that are due in the next 12 months in current liabilities and the remaining portion in non-current liabilities on the condensed consolidated balance sheets. The difference between straight-line lease expense and the cash paid for leases is included as non-cash lease expense in the adjustments to reconcile net loss to net cash provided by operating activities on the condensed consolidated statements of cash flows. Operating sublease income is recognized on a straight-line basis over the sublease term and is allocated within the condensed consolidated statements of operations based on departmental employee headcount. See “Note 13. Leases” for further information on impairment losses on leases recorded during the year ended December 31, 2022. Net (Loss)/Income Per Share Basic net (loss)/income per share is computed by dividing net (loss)/income attributable to common stockholders by the weighted-average number of shares of the Company’s Class A, Class B and Class C common stock outstanding. Diluted net (loss)/income per share is computed by giving effect to all dilutive securities. Diluted net (loss)/income per share is computed by dividing the resulting net (loss)/income attributable to common stockholders by the weighted-average number of fully diluted Class A, Class B and Class C common shares outstanding. The Company used the if-converted method as though the conversion, exchange or vesting, respectively, had occurred as of the beginning of the period or the original date of issuance, if later. During periods when there is a net loss attributable to common stockholders, potentially dilutive Class A, Class B and Class C common stock equivalents are excluded from the calculation of diluted net loss per share as their effect is anti-dilutive. If the effect of a conversion of an instrument is neutral to earnings per share, the Company considers the security to be dilutive. Recently Issued Accounting Pronouncements Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act, until such time as those standards apply to private companies. The Company has elected to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies. See “Note 1. Description of Business” for further information on the Company's status as an emerging growth company. Accounting Pronouncements Recently Adopted In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ("ASC 2021-08"). This standard requires that an entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC Topic 606, Revenue from Contracts with Customers, as if the acquirer had originated the contracts. ASU 2021-08 is effective for fiscal years and interim periods in those years beginning after December 15, 2022 for nonpublic entities with early adoption permitted. The Company adopted this standard as of January 1, 2023, however, as the Company has not completed any transactions subject to Topic 805 subsequent to the date of adoption, the adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements. In December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform (Topic 848) : Deferral of the Sunset Date of Topic 848. This standard defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. ASU No. 2022-06 is effective upon issuance of this update for all entities that have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The Company adopted this standard as of December 31, 2022. Effective June 30, 2023, the Company replaced LIBOR as the benchmark rate with SOFR. See “Note 10. Debt" for further information. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The Company primarily derives revenue from annual and monthly subscriptions. Revenue is also derived from non-subscription services, including fixed percentages or fixed-fees earned on revenue share arrangements with third-parties and on sales made through our customers’ sites. The Company has disaggregated revenue from contracts with customers by product type, subscription type, revenue recognition pattern, and geography as these categories depict the nature, amount, timing and uncertainty of revenue and how cash flows are affected by economic factors. The Company disaggregates revenue by product type as follows: Presence Presence revenue primarily consists of fixed-fee subscriptions to the Company’s plans that offer core platform functionalities, currently branded “Personal” and “Business” plans. Presence revenue also consists of fixed-fee subscriptions related to additional entry points for starting online such as domain managed services and social media. Additionally, presence revenue is derived from third-party solutions related to email services and access to third-party content to enhance online presence. For customers in need of a larger scale solution, the Company has an enterprise offering, and revenue is recognized over the life of the contract. Commerce Commerce revenue primarily consists of fixed-fee subscriptions to the Company’s plans that offer all the features of presence plans as well as additional features that support end to end commerce transactions, currently branded “Basic” and “Advanced” plans. Commerce revenue also includes fixed-fee subscriptions to a number of other tools that support running an online business such as marketing, memberships, courses, scheduling and hospitality tools. Non-subscription revenue is derived from fixed-fees earned on revenue share arrangements with commerce partners as well as fixed transaction fees earned on gross merchandise value processed through Business plan sites and certain hospitality offerings. Commerce revenue also includes payment processing fees received for use of the Company’s hospitality services. Revenue by Product Type, Subscription Type and Revenue Recognition Pattern The following tables summarize revenue by product type, subscription type, and revenue recognition pattern for the periods presented: Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Presence Commerce Total Presence Commerce Total Subscription revenue Transferred over time $ 174,542 $ 59,092 $ 233,634 $ 501,457 $ 169,955 $ 671,412 Transferred at a point in time 4,087 — 4,087 12,088 — 12,088 Non-subscription revenue Transferred over time 760 902 1,662 2,181 2,629 4,810 Transferred at a point in time 62 17,616 17,678 190 53,118 53,308 Total revenue $ 179,451 $ 77,610 $ 257,061 $ 515,916 $ 225,702 $ 741,618 Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 Presence Commerce Total Presence Commerce Total Subscription revenue Transferred over time $ 146,055 $ 50,258 $ 196,313 $ 428,434 $ 146,180 $ 574,614 Transferred at a point in time 3,398 — 3,398 10,447 — 10,447 Non-subscription revenue Transferred over time 459 890 1,349 1,299 2,641 3,940 Transferred at a point in time 83 16,553 16,636 291 48,868 49,159 Total revenue $ 149,995 $ 67,701 $ 217,696 $ 440,471 $ 197,689 $ 638,160 Revenue by Geography Revenue by geography is based on the customer’s self-reported country identifier or, if not available, the billing address or IP address, and was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 United States $ 184,198 $ 157,409 $ 531,147 $ 456,583 International 72,863 60,287 210,471 181,577 Total revenue $ 257,061 $ 217,696 $ 741,618 $ 638,160 Currently no individual country contributes greater than 10% of total international revenue. Deferred Revenue The deferred revenue balance as of September 30, 2023 and December 31, 2022 represents the Company’s aggregate remaining performance obligations that are expected to be recognized as revenue in subsequent periods. Generally, the Company’s contracts are for one year or less and the value for contracts with terms greater than one year is not material. The change in deferred revenue primarily reflects cash payments received during the period for which the performance obligation was not satisfied prior to the end of the period partially offset by $49,745 and $253,589 of revenues recognized during the three and nine months ended September 30, 2023, respectively, and $42,213 and $220,342 during the three and nine months ended September 30, 2022, respectively. Capitalized Contract Costs Assets capitalized related to contract costs consisted of the following: September 30, 2023 December 31, 2022 Capitalized referral fees, current $ 7,750 $ 6,368 Capitalized referral fees, non-current 9,941 8,168 Capitalized app fees, current 880 971 Sales commissions, current 502 479 Sales commissions, non-current 145 159 Total capitalized contract costs $ 19,218 $ 16,145 Amortization of capitalized contract costs was $3,039 and $9,328 for the three and nine months ended September 30, 2023, respectively, and $2,624 and $7,860 for the three and nine months ended September 30, 2022, respectively, and was included in marketing and sales in the condensed consolidated statements of operations. There were no impairment charges recognized related to capitalized contract costs for the three and nine months ended September 30, 2023 and 2022. Obligations for Returns, Refunds and Other Similar Obligations The Company did not have any material change in revenue recognition from a previous period due to refunds, change in transaction price or other consideration variables. As of September 30, 2023 and December 31, 2022, obligations for refunds were $494 and $400, respectively, and were included in accrued liabilities in the condensed consolidated balance sheets.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions Google Domains On June 15, 2023, the Company entered into an asset purchase agreement (the "Google Domains APA") between the Company and Google LLC (“Google”) to acquire, among other things, Google's domain assets, including all domain names for which Google is the registrar or reseller (the “Google Domains Asset Acquisition”). The Google Domains Asset Acquisition closed on September 7, 2023 (the “Closing Date”) subsequent to certain regulatory approvals and customary closing conditions. The Company recognized the acquisition as an asset acquisition. The total amount paid for the Google Domains Asset Acquisition was $180,721, including direct transaction costs of $721, which was paid on the Closing Date. The total amount paid included $100,000 in cash funded by additional term loan commitments with the remaining amount paid using cash on hand. See “Note 10. Debt” for further information on the additional term loan commitments funded during the three months ended September 30, 2023. Based on the relative fair values of the assets acquired in the Google Domains APA, $176,721 was allocated to the asset acquired classified as customer relationships and included in intangible assets, net in the

Investment in Marketable Securi

Investment in Marketable Securities	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Investment in Marketable Securities	Investment in Marketable Securities As of September 30, 2023, the Company did not own available-for-sale (“AFS”) marketable securities in the form of corporate bonds and commercial paper, asset backed securities or U.S. treasuries. The following tables represent the amortized cost, gross unrealized gains and losses and fair market value of the Company’s AFS marketable securities as of December 31, 2022: December 31, 2022 Amortized Gross Unrealized Gains Gross Unrealized Losses Aggregate Fair Value Corporate bonds and commercial paper $ 19,849 $ — $ (74) $ 19,775 Asset backed securities 2,219 1 (12) 2,208 U.S. treasuries 9,905 — (131) 9,774 Total investment in marketable securities $ 31,973 $ 1 $ (217) $ 31,757 The Company's gross unrealized losses and fair values for those investments that were in an unrealized loss position as of December 31, 2022, aggregated by investment category and the length of time that individual securities have been in a continuous loss position are as follows: December 31, 2022 Less than 12 months 12 months or Greater Total Aggregate Fair Value Gross Unrealized Losses Aggregate Fair Value Gross Unrealized Losses Aggregate Fair Value Gross Unrealized Losses Corporate bonds and commercial paper $ 14,768 $ (25) $ 5,007 $ (49) $ 19,775 $ (74) Asset backed securities $ 2,208 $ (12) $ — $ — $ 2,208 $ (12) U.S. treasuries $ 3,873 $ (29) $ 5,901 $ (102) $ 9,774 $ (131) Total investment in marketable securities $ 20,849 $ (66) $ 10,908 $ (151) $ 31,757 $ (217) The Company did not recognize any unrealized losses related to marketable securities during the three months ended September 30, 2023. The Company recognized unrealized losses of $216 related to its AFS securities during the nine months ended September 30, 2023, and $35 and $290 during the three and nine months ended September 30, 2022, respectively. The unrealized losses were due to changes in market rates and were determined to be temporary in nature. These unrealized losses were classified in accumulated other comprehensive loss in the condensed consolidated balance sheets as of September 30, 2023 and December 31, 2022. The Company reviews AFS marketable securities on a recurring basis to evaluate whether or not any securities have experienced an other-than-temporary decline in fair value. Some factors considered in establishing an expected credit loss on AFS marketable securities are the length of time and extent to which the market value has been less than the cost, the financial condition and near-term prospects of the issuer, the Company's intent to sell, and whether it is more likely than not the Company will be required to sell the investment before recovery of the investments amortized cost basis. The Company did not have any AFS marketable securities for which an expected credit loss has been recorded as the Company's AFS marketable securities with an amortized cost basis lower than fair value were not considered other-than-temporary declines in fair value. In the instance that the Company has AFS marketable securities at an amortized cost basis lower than fair value, the Company does not intend to sell, nor is it more-likely-than not the Company would be required to sell the AFS marketable security prior to recovery. The contractual maturities of the investments classified as marketable securities were as follows: December 31, 2022 Due within 1 year $ 28,564 Due in 1 year through 5 years 3,193 Total investment in marketable securities $ 31,757

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments A summary of the Company’s investments in marketable securities (including, if applicable, those marketable securities classified as cash and cash equivalents) were as follows: September 30, 2023 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 154,056 $ — $ — $ 154,056 Total $ 154,056 $ — $ — $ 154,056 December 31, 2022 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 82,584 $ — $ — $ 82,584 Available-for-sale debt securities Corporate bonds and commercial paper — 19,775 — 19,775 Asset backed securities — 2,208 — 2,208 U.S. treasuries 9,774 — — 9,774 Total $ 92,358 $ 21,983 $ — $ 114,341 The Company’s valuation techniques used to measure the fair value of money market funds and certain AFS marketable securities were derived from quoted prices in active markets for identical assets. The valuation techniques used to measure the fair value of the Company’s other debt securities, all of which have counterparties with high credit ratings, were valued based on quoted market prices or model driven valuations using significant inputs derived from or corroborated by observable market data. There were no transfers of financial instruments between Level 1, Level 2, and Level 3 during the periods presented. For certain other financial instruments, including accounts receivable, accounts payable and accrued liabilities, the carrying amounts approximate the fair value of such instruments due to the relatively short maturity of these balances. The Company records debt obligations at their approximate fair values as they are based upon rates available to the Company for obligations of similar terms and maturities.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	9 Months Ended
	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following: September 30, 2023 December 31, 2022 Prepaid domain name registration fees 19,468 2,790 Prepaid operational expenses 17,255 11,990 Prepaid referrals, current 7,750 6,368 Prepaid advertising expenses $ 936 $ 7,045 Prepaid income taxes — 17,134 Other current assets 11,989 2,999 Total prepaid expenses and other current assets $ 57,398 $ 48,326 As of September 30, 2023, the Company had $7,537 in deposits for domain name registration fees remaining at certain third-party registries in relation to the Google Domains Asset Acquisition included as other current assets above. See “Note 4. Acquisitions” for further information.

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Sep. 30, 2023
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consisted of the following: September 30, 2023 December 31, 2022 Accrued indirect taxes 38,473 33,486 Accrued marketing expenses $ 24,111 $ 14,620 Accrued product expenses 17,124 4,524 Accrued income taxes 8,822 — Accrued payroll expense 4,044 4,985 Other accrued expenses 21,159 6,745 Total accrued liabilities $ 113,733 $ 64,360 As of September 30, 2023, the Company had a remaining obligation of $11,719 for deposits for domain name registration fees in relation to the Google Domains Asset Acquisition included as other accrued expenses above. See “Note 4. Acquisitions” for further information.

Intangible Assets, Net

Intangible Assets, Net	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	Intangible Assets, Net The following tables summarize the carrying value of the Company’s finite-lived intangible assets: Useful Lives (in years) September 30, 2023 Gross Carrying Value Accumulated Amortization Net Carrying Value Technology 3 to 5 $ 17,533 $ (15,308) $ 2,225 Customer relationships 2 to 5 238,551 (38,128) 200,423 Tradenames 3 to 5 11,496 (8,997) 2,499 Total intangible assets, net $ 267,580 $ (62,433) $ 205,147 Useful Lives (in years) December 31, 2022 Gross Carrying Value Accumulated Amortization Net Carrying Value Technology 3 to 5 $ 17,533 $ (12,386) $ 5,147 Customer relationships 2 to 5 61,830 (27,416) 34,414 Tradenames 3 to 5 11,496 (8,249) 3,247 Total intangible assets, net $ 90,859 $ (48,051) $ 42,808 Technology, customer relationships and tradenames have weighted-average remaining useful lives of 0.6 years, 3.8 years and 2.5 years, respectively. The weighted-average remaining useful life for finite-lived intangible assets was 3.7 years as of September 30, 2023. Amortization of finite-lived intangible assets was included in the following line items in the condensed consolidated statements of operations: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Cost of revenue $ 985 $ 985 $ 2,922 $ 2,922 Marketing and sales 5,456 2,672 10,712 8,290 General and administrative 252 687 748 2,148 Total amortization of finite-lived intangible assets $ 6,693 $ 4,344 $ 14,382 $ 13,360 As of September 30, 2023, the expected future amortization expense for finite-lived intangible assets was as follows: Year Ending December 31, Amount Remainder of 2023 $ 15,044 2024 57,174 2025 55,780 2026 47,009 Thereafter 30,140 Total $ 205,147

Debt

Debt	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Debt	Debt Debt outstanding as of September 30, 2023 and December 31, 2022 was as follows: September 30, 2023 December 31, 2022 Term Loan $ 583,642 $ 516,266 Less: unamortized original issue discount (1,995) (1,917) Less: unamortized deferred financing costs (956) (424) Less: debt, current (48,977) (40,758) Total debt, non-current $ 531,714 $ 473,167 Credit Facility On December 12, 2019, the Company entered into a credit agreement (the “2019 Credit Agreement”) with certain lending institutions (the “Credit Facility”) which included Initial Term A Loans for $350,000 (the "2019 Term Loan”) and Revolving Credit Loans of up to $25,000 (the "2019 Revolving Credit Facility”), which included a Letters of Credit sub-facility available up to a total of $15,000. On December 11, 2020, the Company amended the 2019 Credit Agreement (the “2020 Credit Agreement”) to increase the total size of the 2019 Term Loan to $550,000 (collectively, the “2020 Term Loan”) with the same lending institutions as the Credit Facility and extend the maturity date for the 2020 Term Loan and the 2019 Revolving Credit Facility (as extended, the "Revolving Credit Facility") to December 11, 2025. On June 15, 2023, the Company amended the 2020 Credit Agreement (as amended, the "Credit Agreement") to increase the total size of the 2020 Term Loan to $650,000 (collectively, the "Term Loan") and, effective June 30, 2023, replace LIBOR as the benchmark rate with SOFR. The proceeds from the additional term loan commitments of $100,000 were funded on the Closing Date and used to partially fund the Google Domains Asset Acquisition, together with cash on hand. See “Note 4. Acquisitions'' for further information on the Google Domains Asset Acquisition. The Company considered the additional term loan commitments funded by existing participating lending institutions to be a modification. The term loan commitments funded by new participating lending institutions were considered new debt to the Company. For the borrowings considered as a modification, the Company capitalized $556 of fees paid to the lending institutions as a reduction to the proceeds as a debt discount and expensed the related third-party costs. For the borrowings considered new debt, the Company capitalized $319 of fees paid to the lending institutions and $318 of related third-party costs as deferred financing costs. Borrowings under the Credit Facility were subject to an interest rate equal to LIBOR plus the applicable margin based on our Consolidated Total Debt to Consolidated EBITDA ratio prior to June 30, 2023. Effective June 30, 2023, under the Credit Agreement, LIBOR as the benchmark rate was replaced with SOFR. The applicable margin was 1.60%, which includes a credit spread adjustment of 0.10%, and 1.50% as of September 30, 2023 and 2022, respectively. The effective interest rate was 6.92% and 4.63% as of September 30, 2023 and 2022, respectively. As of September 30, 2023, $7,255 was outstanding under the Revolving Credit Facility in the form of outstanding letters of credit and $17,745 remained available for borrowing by the Company. The letters of credit issued as of September 30, 2023 were related to certain of the Company's operating lease agreements for offices that require security deposits in the form of an irrevocable letter of credit. On September 7, 2022, the letter of credit for the Company's security deposit related to its New York, NY headquarters was reduced by $2,388 due to a scheduled step-down per the lease agreement. The letters of credit issued are subject to a fee equal to the interest rate on the Credit Facility. In addition, the Revolving Credit Facility is subject to an unused commitment fee of 0.20% to 0.25%, depending on the consolidated total debt to consolidated EBITDA ratio as defined by the Credit Agreement, payable quarterly to the lenders in respect of the unutilized commitments. The Credit Agreement contains certain customary affirmative covenants and events of default. The negative covenants in the Credit Facility include, among other items, limitations on the ability, subject to negotiated exceptions, to incur additional indebtedness or issue additional preferred stock of the Company, to create or issue certain liens on certain assets, to enter into agreements related to mergers and acquisitions, including the sale of certain assets or disposition of assets, or declare, make or pay dividends and distributions. The Credit Agreement contains certain negative covenants for an indebtedness to consolidated EBITDA ratio, as defined by the Credit Agreement, and commencing with December 31, 2020 and all fiscal quarters thereafter through maturity. As commenced during the fiscal quarter ended December 31, 2020, the Company is required to maintain an indebtedness to consolidated EBITDA ratio of not more than 4.50, tested as of the last day of each fiscal quarter, with a step-down to 4.25 for the fiscal quarters ending March 31, 2022 and June 30, 2022, a further step-down to 4.00 for the fiscal quarters ending September 30, 2022 and December 31, 2022 and a final step-down to 3.75 for the fiscal quarter ending March 31, 2023 and each fiscal quarter thereafter (the “Financial Covenant”), subject to customary equity cure rights. The Financial Covenant is subject to a 0.50 step-up in the event of a material permitted acquisition, which the Company can elect to implement up to two times during the life of the facility. As of September 30, 2023, we have not elected to implement this step-up as a result of any of our acquisitions. If the Company is not in compliance with the covenants under the Credit Agreement or the Company otherwise experiences an event of default, the lenders would be entitled to take various actions, including acceleration of amounts due under the Credit Agreement. As of September 30, 2023, the Company was in compliance with all applicable covenants, including the Financial Covenant. Consolidated EBITDA is defined in the Credit Agreement as net income/(loss) adjusted to exclude interest expense, other income/(loss), net, benefit from/(provision for) income taxes, depreciation and amortization, and stock-based compensation expense. In addition, consolidated EBITDA also allows for other adjustments such as the exclusion of transaction costs, changes in deferred revenue, and other costs that may be considered non-recurring. Scheduled Principal Payments The scheduled principal payments required under the terms of the Credit Facility are as follows: Year Ending December 31, Amount Remainder of 2023 $ 12,244 2024 48,977 2025 522,421 Total $ 583,642

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For interim periods, the Company generally uses the estimated annual effective tax rate method under which the Company determines its (provision for)/benefit from income taxes based on the current estimate of its annual effective tax rate plus the tax effect of discrete items occurring during the period. The estimated annual effective tax rate is based on forecasted annual results which may fluctuate due to significant changes in the forecasted or actual results and any other transaction that results in differing tax treatment. For the three and nine months ended September 30, 2022, the Company departed from the estimated annual effective tax rate method and computed its provision for income taxes using the discrete effective tax rate method (the "discrete method"), as allowed under ASC Topic 740, Income Taxes - Interim Reporting. The discrete method is applied when the application of the estimated annual effective tax rate is impractical because it is not possible to reliably estimate the annual effective tax rate. The discrete method treats the year-to-date period as if it were the annual period and determines the income tax expense or benefit on that basis. For the three months ended September 30, 2023 and 2022, the Company recorded an income tax expense of $41,151 and $3,277, respectively, which resulted in an effective tax rate of (166.9)% and (24.5)%, respectively. For the nine months ended September 30, 2023 and 2022, the Company recorded an income tax expense of $59,622 and $7,446, respectively, which resulted in an effective tax rate of (126.1)% and 68.9%, respectively. The Company’s effective income tax rate for the three and nine months ended September 30, 2023 differed from the statutory rate of 21% primarily due to the change in the valuation allowance for deferred tax assets related primarily to the capitalization of research and development expenditures, nondeductible stock-based compensation, state and local income taxes, unrecognized tax benefits, and global intangible low-taxed income, partially offset by research and development tax credits, deduction from foreign-derived intangible income, windfall on stock-based compensation, and the effect of foreign operations. The Company’s effective income tax rate for the three and nine months ended September 30, 2022 differed from the statutory rate of 21% primarily due to the change in the valuation allowance for deferred tax assets related primarily to the capitalization of research and development expenditures, nondeductible executive compensation, global intangible low-taxed income, unrecognized tax benefits, and nondeductible expenses, partially offset by research and development tax credits, windfall on stock-based compensation, and deduction from foreign derived intangible income. The provision for income taxes for the three and nine months ended September 30, 2023 and 2022 also reflects a provision of the Tax Cuts and Jobs Act of 2017 becoming effective as of January 1, 2022 that requires companies to capitalize and amortize research and development expenditures rather than deduct the costs as incurred. No provision for federal and state income taxes or foreign withholding taxes have been made on the earnings of foreign subsidiaries because it is expected that such earnings will be reinvested outside the U.S. indefinitely, unless repatriation can be done without material incremental tax expense. The Company continues to assert indefinite reinvestment on outside basis differences in our non-U.S. subsidiaries. As of September 30, 2023, the Company had unrecognized tax benefits of $13,176, of which $13,098 would affect the effective tax rate if recognized. Of the $13,176 of the unrecognized tax benefits as of September 30, 2023, $13,098 was recorded to other liabilities and the remaining balance was recorded as a reduction in the gross deferred tax assets, offset by a corresponding reduction in the valuation allowance. As of September 30, 2022, the Company had unrecognized tax benefits of $10,256, all of which would not affect the effective tax rate if recognized due to the Company's full valuation against all federal, state and foreign deferred tax assets that the Company believes will not be realizable on a more-likely-than-not basis. The increase was primarily due to tax positions taken during the current and prior periods. The Company is unable to reasonably estimate the timing of long-term payments or the amount by which the liability will increase or decrease. The Company believes that its unrecognized tax benefits as of September 30, 2023 will decrease by approximately $1,161 within the next twelve months due to expiring statutes of limitation. The Company’s policy is to classify accrued interest and penalties related to unrecognized tax benefits in the (provision for)/benefit from income taxes in the condensed consolidated statements of operations. As of September 30, 2023, accrued interest and penalties were $746 and there were no accrued interest and penalties as of September 30, 2022. The Company’s corporate federal income tax returns for the years ended December 31, 2012 through December 31, 2022 remain subject to examination by the Internal Revenue Service. The Company’s corporate income tax returns for the years ended December 31, 2017 through December 31, 2022 remain subject to examination by taxing authorities in various U.S. states and Ireland. In addition, in the U.S., any net operating losses or credits that were generated in prior years but utilized in open years may also be subject to examination. On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the "Inflation Reduction Act") into law. The Inflation Reduction Act contains certain tax measures, including a corporate alternative minimum tax of 15% on some large corporations and a nondeductible 1% excise tax on the net value of certain share repurchases made after December 31, 2022 by covered corporations. The Company recorded $277 related to the excise tax on share repurchases in additional paid in capital in the condensed consolidated balance sheet as of September 30, 2023. On December 15, 2022, the Ireland Finance Act 2022 was signed into Irish law. With the enactment of the Ireland Finance Act 2022, qualifying Ireland-related research and development tax credits do not depend on the generation of future taxable income. As a result, the Company determined these credits to be a credit to research and development expenses in the form of a government grant as analogized under International Accounting Standards 20, Accounting for Government Grants and Disclosure of Government Assistance . During the three and nine months ended September 30, 2023, the Company recognized Ireland-related research and development tax credits of $(219) and $395, respectively, as an (increase)/reduction to research and product development in the condensed consolidated statements of operations.

Commitment and Contingencies

Commitment and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Indirect Taxes The Company is subject to indirect taxation in some, but not all, of the various U.S. states and foreign jurisdictions in which it conducts business. Therefore, the Company has an obligation to charge, collect and remit Value Added Tax (“VAT”) or Goods and Services Tax (“GST”) in connection with certain foreign sales transactions and sales and use tax in connection with eligible sales to subscribers in certain U.S. states. On June 21, 2018, the U.S. Supreme Court overturned the physical presence nexus standard and held that states can require remote sellers to collect sales and use tax. In addition, U.S. states and foreign jurisdictions have and continue to enact laws which expand tax collection and remittance obligations that could apply to a platform like the Company's. As a result of these rulings, recently enacted laws, and the scope of the Company’s operations, taxing authorities continue to provide regulations that increase the complexity and risks to comply with such laws and could result in substantial liabilities, prospectively as well as retrospectively. In accordance with ASC 450, the Company establishes accruals for contingencies, including uncertainties related to taxes not based on income, when the Company believes it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. Based on the information available, the Company continues to evaluate and assess the jurisdictions in which indirect tax nexus exists and believes that the indirect tax liabilities are adequate and reasonable. However, due to the complexity and uncertainty around the application of these rules by taxing authorities, results may vary materially from the Company’s expectations. The Company had an indirect tax liability of $38,473 and $33,486 as of September 30, 2023 and December 31, 2022, respectively, which is included in accrued liabilities in the condensed consolidated balance sheets. Purchase Obligations – Cloud-Computing Services and Software-as-a-Service As of September 30, 2023, the Company had outstanding non-cancelable purchase obligations with a term of 12 months or longer, mainly related to third-party cloud-computing as well as software-as-a-service services, as follows: Year Ending December 31, Amount Remainder of 2023 $ 3,008 2024 15,500 2025 18,000 Total $ 36,508 Certain Risks and Concentrations The Company’s revenues were principally generated from SaaS customers establishing their online presence. The market is highly competitive and rapidly changing. Significant changes in this industry, technological advances or changes in customer buying behavior could adversely affect the Company’s future operating results. Other The Company is subject to litigation and other claims that arise in the ordinary course of business. While the ultimate result of outstanding legal matters cannot presently be determined, the Company does not expect that the ultimate disposition will have a material adverse effect on its results of operations or financial condition. However, legal matters are inherently unpredictable and subject to significant uncertainties, some of which are beyond the Company’s control. Based on the Company’s current knowledge, the final outcome of any particular legal matter will not have a material adverse effect on the Company’s financial condition.

Leases

Leases	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Leases	Leases The Company has operating leases for its office space with lease terms through 2034. Certain lease agreements include options to extend and/or terminate the lease. The Company's lease agreements do not contain terms and conditions of material restrictions, covenants, or residual value guarantees. Variable lease costs are comprised primarily of the Company's proportionate share of operating expenses and property taxes. On March 10, 2022, the Company entered into an agreement to sublease a portion of one of its office spaces in Chicago, IL through the existing termination date of May 30, 2023. The Company recorded sublease income related to the Chicago, IL office space sublease of $152 during the nine months ended September 30, 2023, and $75 and $200 during the three and nine months ended September 30, 2022, respectively. On March 31, 2022, the Company reassessed the useful life of its operating lease right-of-use asset related to its leased office space in Los Angeles, CA due to ceasing the use of the office space with no expected future benefit. As a result, the Company recorded an additional $258 of operating lease expense in the condensed consolidated statement of operations during the nine months ended September 30, 2022. During the three months ended September 30, 2022, the Company remeasured the lease liability and adjusted the right-of-use asset related to its leased office space in Portland, OR due to a reassessment of the lease term. As a result, the associated operating lease liability and operating lease right-of-use asset were reduced by $3,213 in the condensed consolidated balance sheet as of September 30, 2022. Subsequent to the remeasurement, the Company determined the carrying value of the right-of-use asset was not recoverable based on undiscounted future cash flows. The Company used the income approach to determine the fair value of the right-of-use asset, including Level 3 inputs of the fair market value hierarchy, based on projected sublease income over the remaining lease term discounted at a rate that reflects the risks associated with the future cash flows. As a result, the Company recorded an impairment loss of $1,694 in general and administrative expenses in the condensed consolidated statements of operations during the three and nine months ended September 30, 2022. The components of operating lease expense, net recognized in the condensed consolidated statements of operations were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Operating lease costs Operating lease costs $ 3,343 $ 5,231 $ 10,215 $ 12,655 Variable lease costs 668 533 2,282 1,402 Short-term lease costs 63 42 205 90 Operating lease income Sublease income $ 67 $ 161 $ 378 $ 471 Total operating lease expense, net $ 4,007 $ 5,645 $ 12,324 $ 13,676 Supplemental disclosure of cash and non-cash operating activities related to operating leases were as follows: Nine Months Ended September 30, 2023 2022 Cash paid for amounts included in the measurement of operating lease liabilities, net of cash received for lease incentives $ 11,793 $ 10,328 Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ — $ 255 As of September 30, 2023, the weighted-average lease term and discount rate related to operating leases were as follows: September 30, 2023 Weighted-average remaining lease term (in years) 7.56 Weighted-average discount rate use in measuring operating lease liabilities 3.75 % As of September 30, 2023, maturities of operating lease liabilities were as follows: Year Ending December 31, Amount Remainder of 2023 $ 4,018 2024 16,463 2025 16,849 2026 17,573 2027 17,036 Thereafter 58,404 Total operating lease payments 130,343 Less: imputed interest (17,281) Total operating lease liabilities $ 113,062

Stockholders_ Deficit

Stockholders’ Deficit	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Stockholders’ Deficit	Stockholders’ Deficit Class A Common Stock Each holder of shares of Class A common stock shall be entitled to one vote for each share held. As of September 30, 2023, the number of authorized shares of Class A common stock, par value $0.0001 per share, by the Company was 1,000,000,000. On May 10, 2022, the board of directors authorized a general share repurchase program of the Company’s Class A common stock of up to $200,000, with no fixed expiration (the "Stock Repurchase Plan"). These Class A common stock repurchases may occur in the open market, through privately negotiated transactions, through block purchases, other purchase techniques including the establishment of one or more plans under Rule 10b5-1 of the Securities Exchange Act of 1934 or by any combination of such methods. The timing and actual amount of shares repurchased will depend on a variety of different factors and may be modified, suspended or terminated at any time at the discretion of the board of directors. During the three months ended September 30, 2023, the Company did not repurchase shares under the Stock Repurchase Plan. During the nine months ended September 30, 2023, the Company repurchased 1,256,170 shares and paid cash of $25,321, including commissions of $25, under the Stock Repurchase Plan through open market purchases at a weighted-average price per share of $22.04. During the three and nine months ended September 30, 2022, the Company repurchased 2,431,995 and 3,994,455 shares for a total cash consideration of $50,378 and $85,580, including commissions of $49 and $80, under the Stock Repurchase Plan through open market purchases at a weighted-average price per share of $21.84 and $21.40, respectively. As of September 30, 2023, approximately $54,486 remained available for stock repurchase pursuant to the Stock Repurchase Plan. Class B Common Stock Each holder of shares of Class B common stock shall be entitled to ten votes for each share held. Each outstanding share of the Company's Class B common stock is convertible into one share of Class A common stock at any time. As of September 30, 2023, the number of authorized shares of Class B common stock, par value $0.0001 per share, by the Company was 100,000,000. Class C Common Stock As of September 30, 2023, the number of authorized shares of Class C common stock, par value $0.0001 per share, by the Company was 1,000,000,000. The board of directors has the authority, without stockholder approval except as required by the NYSE, to issue shares of the Company's Class C common stock. The Company's Class C common stock is not convertible into shares of Class A common stock or Class B common stock and has no voting rights. As of September 30, 2023, the Company has not issued any shares of its Class C common stock. Dividends The Company shall not declare or pay dividends on Class A common stock, Class B common stock or Class C common stock unless the same dividend or distribution with the same record date and payment dated shall be declared or paid on all shares of Class A, Class B and Class C common stock. During the three and nine months ended September 30, 2023 and 2022, the Company did not declare any dividends.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Accumulated other comprehensive loss activity for the three and nine months ended September 30, 2023 and 2022 was as follows: Foreign Currency Translation Adjustments Net Unrealized (Losses)/Gains on Marketable Securities Total Accumulated Other Comprehensive (Loss)/Income Balance at December 31, 2022 $ (1,449) $ (216) $ (1,665) Other comprehensive income before reclassifications 258 216 474 Other comprehensive income 258 216 474 Balance at March 31, 2023 $ (1,191) $ — $ (1,191) Other comprehensive loss before reclassifications $ (296) $ — $ (296) Other comprehensive loss (296) — (296) Balance at June 30, 2023 $ (1,487) $ — $ (1,487) Other comprehensive loss before reclassifications $ (2,144) $ — $ (2,144) Other comprehensive loss (2,144) — (2,144) Balance at September 30, 2023 $ (3,631) $ — $ (3,631) Foreign Currency Translation Adjustments Net Unrealized Losses on Marketable Securities Total Accumulated Other Comprehensive Loss Balance at December 31, 2021 $ (170) $ (38) $ (208) Other comprehensive loss before reclassifications (801) (178) (979) Other comprehensive loss (801) (178) (979) Balance at March 31, 2022 $ (971) $ (216) $ (1,187) Other comprehensive loss before reclassifications $ (2,037) $ (77) $ (2,114) Other comprehensive loss (2,037) (77) (2,114) Balance at June 30, 2022 $ (3,008) $ (293) $ (3,301) Other comprehensive loss before reclassifications $ (2,275) $ (35) $ (2,310) Other comprehensive loss (2,275) (35) (2,310) Balance at September 30, 2022 $ (5,283) $ (328) $ (5,611) Amounts reclassified out of accumulated other comprehensive loss, net of taxes, during the three and nine months ended September 30, 2023 and 2022 were not material.

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation	Stock-based Compensation Stock Options Squarespace, Inc. Amended and Restated 2008 Equity Incentive Plan In January 2008, the Company established and approved the Squarespace, Inc. 2008 Equity Incentive Plan which was ratified in 2010 and was subsequently amended and restated in March 2016 (“the 2008 Plan”). Under the 2008 Plan, which covers certain employees and consultants, the Company granted shares of its Class B common stock in the form of stock options. After November 17, 2017, there were no additional grants from the 2008 Plan. Stock options in common stock exercised were 19,564 and 54,249 during the three and nine months ended September 30, 2023, respectively, and 29,797 and 642,548 during the three and nine months ended September 30, 2022, respectively. Cash consideration for stock options exercised was $57 and $191 during the three and nine months ended September 30, 2023, respectively, and $48 and $2,158 during the three and nine months ended September 30, 2022, respectively. Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) Squarespace, Inc. 2017 Equity Incentive Plan On November 17, 2017, the Company’s board of directors approved the Squarespace, Inc. 2017 Equity Incentive Plan (“the 2017 Plan”). Under the 2017 Plan, the Company may grant shares of its Class A common stock in the form of RSUs, PSUs, stock options, stock appreciation rights and other stock awards. RSUs generally vest over four years and are measured based on the fair market value of the underlying Class A common stock on the date of grant, as determined by the Company’s board of directors. There were 232,212 and 839,044 shares that vested under the 2017 Plan of which 96,422 and 353,009 shares were reacquired in order to satisfy employee tax obligations during the three and nine months ended September 30, 2023, respectively, and 211,261 and 1,624,883 shares that vested under the 2017 Plan of which 85,992 and 697,527 shares were reacquired in order to satisfy employee tax obligations during the three and nine months ended September 30, 2022, respectively. After April 15, 2021, no additional grants were issued from the 2017 Plan. Squarespace, Inc. 2021 Equity Incentive Plan On March 25, 2021, the Company’s board of directors adopted the Squarespace, Inc. 2021 Equity Incentive Plan (“the 2021 Plan”) which was approved by the stockholders on May 3, 2021 and went into effect on May 9, 2021. Under the 2021 Plan, the Company may grant shares of its Class A common stock in the form of RSUs, PSUs, stock options, stock appreciation rights and other stock awards. The Company granted 495,466 and 5,799,474 shares of Class A common stock in the form of RSUs under the 2021 Plan during the three and nine months ended September 30, 2023, respectively, and 659,452 and 5,851,643 shares of Class A common stock in the form of RSUs under the 2021 Plan during the three and nine months ended September 30, 2022, respectively. RSUs are subject to continuous service and generally vest over four years and are measured based on the closing price of the Company's Class A common stock as reported on the date of grant. During the three and nine months ended September 30, 2023, there were 409,950 and 1,801,142 shares that vested under the 2021 Plan of which 164,704 and 715,523 shares were reacquired in order to satisfy employee tax obligations, respectively. During the three and nine months ended September 30, 2022, there were 26,585 and 120,246 shares that vested under the 2021 Plan of which 11,354 and 37,430 shares were reacquired in order to satisfy employee tax obligations, respectively. During the three and nine months ended September 30, 2023, the Company granted 45,150 and 193,381 shares of Class A common stock in the form of PSUs under the 2021 Plan, respectively. PSUs will generally vest over 3 years and are subject to continuous service and the achievement of certain unlevered free cash flow margin and revenue growth targets. The percentage of PSUs that will vest can range from 0% to 200% based on the growth targets that are achieved. PSUs are measured based on the closing price of the Company's Class A common stock as reported on the date of grant. The related stock-based compensation expenses are recorded over the vesting period or requisite service period if the performance conditions are probable of being met and included in the condensed consolidated statements of operations. Casalena Performance Award On April 15, 2021 (“Grant Date”), the board of directors of the Company approved an RSU grant to Anthony Casalena, CEO, of 2,750,000 Class A common shares (“Casalena Performance Award”). The Casalena Performance Award vesting is contingent on both service- and market-based vesting conditions. The Company estimated the fair value of the Casalena Performance Award using a Monte Carlo simulation with a weighted-average grant date fair value of $30.38 per Class A common share. The Company will recognize the fair value of the award as stock-based compensation expense using the accelerated attribution method over the longer of (i) the period of time the market condition for each tranche is expected to be met (i.e., the derived service period) or (ii) the service vesting condition of four years. The Company recorded compensation expense of $4,923 and $14,607 during the three and nine months ended September 30, 2023, respectively, and $7,816 and $23,193 during the three and nine months ended September 30, 2022, respectively, related to the Casalena Performance Award in general and administrative expenses in the condensed consolidated statements of operations. Stock-based Compensation The classification of stock-based compensation by line item in the condensed consolidated statements of operations was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Cost of revenue $ 1,484 $ 1,000 $ 4,085 $ 2,470 Research and product development 14,601 9,462 40,938 31,138 Marketing and sales 3,019 2,252 7,935 6,246 General and administrative 9,213 11,380 26,964 35,197 Total stock-based compensation $ 28,317 $ 24,094 $ 79,922 $ 75,051 The amount above excludes $1,490 and $3,127 of stock compensation capitalized as property and equipment, net, for the three and nine months ended September 30, 2023, respectively, and $478 and $737 for the three and nine months ended September 30, 2022, respectively. During the nine months ended September 30, 2022, certain RSUs were modified to allow for accelerated vesting. During the three and nine months ended September 30, 2022, the Company recorded stock-based compensation expense of $1,923 and $4,098, respectively, related to the modified awards.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company's previous Chief Financial Officer, whose resignation was effective as of July 31, 2022, was appointed as a member of the board of directors of Avalara, Inc. on August 28, 2021. Transactions between Avalara, Inc. and the Company were not material through the previous Chief Financial Officer’s departure. Certain former members of Tock's senior management, whose resignations were effective as of December 15, 2022, had an ownership in several of the Company's restaurant customers. For the three and nine months ended September 30, 2022, these restaurant customers contributed revenue of $330 and $895, respectively. As of September 30, 2022, the Company had a liability of $3,373 due to these restaurant customers, which primarily represents diner prepayments and sales tax, and is included in funds due to customers in the condensed consolidated balance sheets. On September 1, 2014, the Company entered into an agreement with Getty Images to resell certain content to the Company’s customers. The Deputy Chairman of Getty Images is a member of the Company’s board of directors. Amounts recorded in connection with this agreement were not material for the three and nine months ended September 30, 2023 and 2022.

Net (Loss)_Income per Share

Net (Loss)/Income per Share	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Net (Loss)/Income per Share	Net (Loss)/Income per Share The Company computes net (loss)/income per share under the two-class method required for multiple classes of common stock. The rights, including the liquidation and dividend rights, of the Class A common stock, Class B common stock and Class C common stock are substantially identical, other than voting rights. Accordingly, the Class A common stock, Class B common stock and Class C common stock share in the Company’s net (loss)/income. The following table sets forth the computation of basic and diluted net (loss)/income per share: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Numerator: Net (loss)/income $ (16,499) $ 10,105 $ (12,337) $ (18,259) Denominator: Weighted-average shares used in computing net (loss)/income per share, basic 135,736,599 137,832,634 135,321,873 139,106,807 Effect of dilutive securities — 1,835,085 — — Weighted-average shares used in computing net (loss)/income per share, dilutive 135,736,599 139,667,719 135,321,873 139,106,807 Net (loss)/income per share, basic and dilutive $ (0.12) $ 0.07 $ (0.09) $ (0.13) The following weighted-average outstanding shares of potentially dilutive securities were excluded from the computation of diluted net (loss)/income per share for the periods presented because including them would have been antidilutive: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Outstanding stock options 1,127,278 — 1,127,278 1,214,344 Restricted stock units 10,629,421 5,372,992 10,629,421 7,986,596 Total 11,756,699 5,372,992 11,756,699 9,200,940

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net income (loss)	$ (16,499)	$ 3,660	$ 502	$ 10,105	$ 64,496	$ (92,860)	$ (12,337)	$ (18,259)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Sep. 30, 2023 shares	Sep. 30, 2023 shares
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Anthony Casalena [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On August 11, 2023, Anthony Casalena, Chief Executive Officer, adopted a 10b5-1 trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The 10b5-1 trading plan provides for the sale of an aggregate of up to 3,930,000 shares of the Company's common stock between December 2023 and June 2024, subject to early termination for certain specified events set forth in the plan.
Name	Anthony Casalena
Title	Chief Executive Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	August 11, 2023
Arrangement Duration	188 days
Aggregate Available	3,930,000	3,930,000
Nathan Gooden [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On September 14, 2023, Nathan Gooden, Chief Financial Officer, adopted a 10b5-1 trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The 10b5-1 trading plan provides for the sale of an aggregate of up to 124,010 shares of the Company's common stock, excluding any shares withheld by the Company to satisfy tax withholding obligations, between December 2023 and November 2024, subject to early termination for certain specified events set forth in the plan.
Name	Nathan Gooden
Title	Chief Financial Officer
Non-Rule 10b5-1 Arrangement Adopted	true
Adoption Date	September 14, 2023
Arrangement Duration	335 days
Aggregate Available	124,010	124,010

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The Company’s condensed consolidated financial statements and related notes have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) and include the Company’s wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the applicable rules and regulations of the Securities and Exchange Commission. The condensed balance sheet data as of December 31, 2022 was derived from the Company's audited financial statements but does not include all disclosures required by U.S. GAAP. Therefore, these unaudited, condensed, consolidated financial statements and accompanying notes should be read in conjunction with the Company's annual consolidated financial statements and related notes included in the Company's Annual Report on Form 10-K filed with the SEC on March 9, 2023. In the opinion of management, the condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for the fair statement of the Company’s financial information.
Use of Estimates	Use of Estimates The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Management’s estimates are based on historical experience and on various other market-specific and relevant assumptions that management believes to be reasonable under the circumstances. Actual results could differ from those estimates. Significant estimates include but are not limited to (i) the recognition and measurement of loss contingencies; (ii) the inputs used in the valuation of acquired intangible assets; (iii) the inputs used in the quantitative assessment over goodwill impairment (iii) the grant date fair value of stock-based awards; (iv) the recognition, measurement and valuation of current and deferred income taxes; (v) existence of applicable indirect tax nexus in different jurisdictions and associated indirect tax liabilities; and (vi) the incremental borrowing rate for operating lease liabilities. The Company evaluates its assumptions and estimates on an ongoing basis and adjusts prospectively, if necessary.
Operating Segments and Reporting Units	Operating Segments and Reporting Units Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”), who makes decisions about allocating resources and assessing performance. The Company defines its CODM as its Chief Executive Officer (“CEO”). An operating segment is determined to be a reporting unit if all of its components are similar or if it consists of a single component. A component consists of a business within an operating segment for which discrete financial information is available and regularly reviewed by the CODM. During the nine months ended September 30, 2023, the Company revised its operating segments to reflect changes to the manner in which the CODM assesses performance and makes resource allocations. As a result of these changes, the Company is operating as one operating segment with one reportable segment. Therefore, all required segment information can be found in the condensed consolidated financial statements.
Concentration of Risks Related to Credit, Interest Rates and Foreign Currencies	Concentration of Risks Related to Credit, Interest Rates and Foreign Currencies The Company is subject to credit risk, interest rate risk on its outstanding indebtedness, market risk on investments and foreign currency risk in connection with the Company’s operations internationally. The Company maintains the components of its cash and cash equivalents balance in various accounts, which from time to time exceed the federal depository insurance coverage limit. In addition, substantially all cash and cash equivalents are held by four financial institutions. The Company has not experienced any concentration losses related to its cash, cash equivalents and marketable securities to date. As of September 30, 2023 and December 31, 2022, no single customer accounted for more than 10% of the Company’s accounts receivable. Additionally, no single customer accounted for more than 10% of the Company’s revenue during the three and nine months ended September 30, 2023 and 2022. The Company is also subject to foreign currency risks that arise from normal business operations. Foreign currency risks include the translation of local currency and intercompany balances established in local customer currencies sold through the Company's international subsidiaries.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents are stated at fair value. The Company considers all highly liquid investments purchased with an original maturity date of 90 days or less from the date of original purchase to be cash equivalents. Interest income on cash and cash equivalents was $2,274 and $4,808 for the three and nine months ended September 30, 2023, respectively, and $504 and $821 for the three and nine months ended September 30, 2022, respectively, and was included in other income, net in the condensed consolidated statements of operations.
Restricted Cash and Payment Processing Transactions	Restricted Cash and Payment Processing Transactions The Company processes certain payments and holds funds for its hospitality services on behalf of its customers consisting of prepayments for restaurant reservations, to-go orders, and events. While the Company does not have any contractual obligations to hold such cash as restricted, the prepayments and associated sales tax are included in restricted cash in the condensed consolidated balance sheets as of September 30, 2023 and December 31, 2022.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurement, describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value. The three-level hierarchy for fair value measurements is defined as follows: Level 1 Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets; Level 2 Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability other than quoted prices, either directly or indirectly, including inputs in markets that are not considered to be active; and
Asset Acquisitions	Asset Acquisitions The Company evaluates whether substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets to determine whether a transaction is accounted for as a business combination or an asset acquisition. The Company accounts for asset acquisitions using a cost accumulation model whereby the cost of the acquisition, including direct transaction costs, is allocated to the acquired assets based on their relative fair values. The asset acquisition cost or consideration transferred on the acquisition date is generally used in determining the fair value of the net assets acquired. The Company allocates the consideration transferred between the asset acquired and any separate related transactions on a relative fair value basis. Goodwill is not recognized in an asset acquisition and any excess consideration transferred over the fair value of the net assets acquired is allocated to the identifiable assets based on relative fair values.
Intangible Assets	Intangible Assets The Company’s intangible assets are finite-lived and are amortized on a straight-line basis over their estimated useful lives, which are aligned to the economic benefit of the asset.
Leases	Leases The Company adopted ASC Topic 842, Leases ("ASC Topic 842"), as of January 1, 2022. The Company determines if an arrangement is or contains a lease at inception by assessing whether the arrangement conveys the right to control the use of an identified asset. The Company classifies, measures and recognizes a lease liability on the lease commencement date based on the present value of lease payments over the remaining lease term. As of September 30, 2023, the Company's leases were classified as operating leases. The Company uses an estimated incremental borrowing rate based on information available at the lease commencement date in determining the present value of future payments as the rate implicit in the lease is not generally known. The incremental borrowing rate is based on the rate of interest the Company would have to pay to borrow on a collateralized basis over a similar term an amount equal to the lease payments in a similar economic environment. Operating right-of-use assets related to operating lease liabilities equal the amount of the initial measurement of the lease liability adjusted for any initial direct costs, prepaid rent and lease incentives received. Lease terms that are used in determining operating lease liabilities at lease inception may include options to extend or terminate the leases and when it is reasonably certain that the Company will exercise such options. Operating lease expense is recorded on a straight-line basis over the lease term. The straight-line expense is allocated within the condensed consolidated statements of operations based on departmental employee headcount. Variable lease costs are recognized as incurred and allocated within the condensed consolidated statements of operations based on departmental employee headcount. The Company has applied practical expedients for lease agreements with lease and non-lease components, and in such cases, accounts for the components as a single lease component. The Company has also elected not to recognize operating right-of-use assets and operating lease liabilities for any lease with an original lease term of less than one year. Operating lease right-of-use assets are included in non-current assets on the condensed consolidated balance sheets for the entire lease term. The Company includes the portion of the total lease payments, net of implicit interest, that are due in the next 12 months in current liabilities and the remaining portion in non-current liabilities on the condensed consolidated balance sheets. The difference between straight-line lease expense and the cash paid for leases is included as non-cash lease expense in the adjustments to reconcile net loss to net cash provided by operating activities on the condensed consolidated statements of cash flows. Operating sublease income is recognized on a straight-line basis over the sublease term and is allocated within the condensed consolidated statements of operations based on departmental employee headcount. See “Note 13. Leases” for further information on impairment losses on leases recorded during the year ended December 31, 2022.
Net (Loss)/Income Per Share	Net (Loss)/Income Per Share Basic net (loss)/income per share is computed by dividing net (loss)/income attributable to common stockholders by the weighted-average number of shares of the Company’s Class A, Class B and Class C common stock outstanding. Diluted net (loss)/income per share is computed by giving effect to all dilutive securities. Diluted net (loss)/income per share is computed by dividing the resulting net (loss)/income attributable to common stockholders by the weighted-average number of fully diluted Class A, Class B and Class C common shares outstanding. The Company used the if-converted method as though the conversion, exchange or vesting, respectively, had occurred as of the beginning of the period or the original date of issuance, if later. During periods when there is a net loss attributable to common stockholders, potentially dilutive Class A, Class B and Class C common stock equivalents are excluded from the calculation of diluted net loss per share as their effect is anti-dilutive. If the effect of a conversion of an instrument is neutral to earnings per share, the Company considers the security to be dilutive.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act, until such time as those standards apply to private companies. The Company has elected to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies. See “Note 1. Description of Business” for further information on the Company's status as an emerging growth company. Accounting Pronouncements Recently Adopted In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ("ASC 2021-08"). This standard requires that an entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC Topic 606, Revenue from Contracts with Customers, as if the acquirer had originated the contracts. ASU 2021-08 is effective for fiscal years and interim periods in those years beginning after December 15, 2022 for nonpublic entities with early adoption permitted. The Company adopted this standard as of January 1, 2023, however, as the Company has not completed any transactions subject to Topic 805 subsequent to the date of adoption, the adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements. In December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform (Topic 848) : Deferral of the Sunset Date of Topic 848. This standard defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. ASU No. 2022-06 is effective upon issuance of this update for all entities that have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The Company adopted this standard as of December 31, 2022. Effective June 30, 2023, the Company replaced LIBOR as the benchmark rate with SOFR. See “Note 10. Debt" for further information. The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Schedule of Assets and Liabilities Related to Payment Processing Transactions	The following table represents the assets and liabilities related to payment processing transactions: September 30, 2023 December 31, 2022 Restricted cash $ 40,671 $ 35,583 Due from vendors 4,292 4,442 Total payment processing assets 44,963 40,025 Funds payable to customers (44,208) (38,845) Sales tax payable (755) (1,180) Total payment processing liabilities (44,963) (40,025) Total payment processing transactions, net $ — $ —

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Revenue by Product Type, Subscription Type and Revenue Recognition Pattern	The following tables summarize revenue by product type, subscription type, and revenue recognition pattern for the periods presented: Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Presence Commerce Total Presence Commerce Total Subscription revenue Transferred over time $ 174,542 $ 59,092 $ 233,634 $ 501,457 $ 169,955 $ 671,412 Transferred at a point in time 4,087 — 4,087 12,088 — 12,088 Non-subscription revenue Transferred over time 760 902 1,662 2,181 2,629 4,810 Transferred at a point in time 62 17,616 17,678 190 53,118 53,308 Total revenue $ 179,451 $ 77,610 $ 257,061 $ 515,916 $ 225,702 $ 741,618 Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 Presence Commerce Total Presence Commerce Total Subscription revenue Transferred over time $ 146,055 $ 50,258 $ 196,313 $ 428,434 $ 146,180 $ 574,614 Transferred at a point in time 3,398 — 3,398 10,447 — 10,447 Non-subscription revenue Transferred over time 459 890 1,349 1,299 2,641 3,940 Transferred at a point in time 83 16,553 16,636 291 48,868 49,159 Total revenue $ 149,995 $ 67,701 $ 217,696 $ 440,471 $ 197,689 $ 638,160
Schedule of Revenue by Geography	Revenue by geography is based on the customer’s self-reported country identifier or, if not available, the billing address or IP address, and was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 United States $ 184,198 $ 157,409 $ 531,147 $ 456,583 International 72,863 60,287 210,471 181,577 Total revenue $ 257,061 $ 217,696 $ 741,618 $ 638,160
Schedule of Capitalized Contract Costs	Assets capitalized related to contract costs consisted of the following: September 30, 2023 December 31, 2022 Capitalized referral fees, current $ 7,750 $ 6,368 Capitalized referral fees, non-current 9,941 8,168 Capitalized app fees, current 880 971 Sales commissions, current 502 479 Sales commissions, non-current 145 159 Total capitalized contract costs $ 19,218 $ 16,145

Investment in Marketable Secu_2

Investment in Marketable Securities (Tables)	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Marketable Securities	The following tables represent the amortized cost, gross unrealized gains and losses and fair market value of the Company’s AFS marketable securities as of December 31, 2022: December 31, 2022 Amortized Gross Unrealized Gains Gross Unrealized Losses Aggregate Fair Value Corporate bonds and commercial paper $ 19,849 $ — $ (74) $ 19,775 Asset backed securities 2,219 1 (12) 2,208 U.S. treasuries 9,905 — (131) 9,774 Total investment in marketable securities $ 31,973 $ 1 $ (217) $ 31,757
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value	The Company's gross unrealized losses and fair values for those investments that were in an unrealized loss position as of December 31, 2022, aggregated by investment category and the length of time that individual securities have been in a continuous loss position are as follows: December 31, 2022 Less than 12 months 12 months or Greater Total Aggregate Fair Value Gross Unrealized Losses Aggregate Fair Value Gross Unrealized Losses Aggregate Fair Value Gross Unrealized Losses Corporate bonds and commercial paper $ 14,768 $ (25) $ 5,007 $ (49) $ 19,775 $ (74) Asset backed securities $ 2,208 $ (12) $ — $ — $ 2,208 $ (12) U.S. treasuries $ 3,873 $ (29) $ 5,901 $ (102) $ 9,774 $ (131) Total investment in marketable securities $ 20,849 $ (66) $ 10,908 $ (151) $ 31,757 $ (217)
Schedule of Contractual Maturities	The contractual maturities of the investments classified as marketable securities were as follows: December 31, 2022 Due within 1 year $ 28,564 Due in 1 year through 5 years 3,193 Total investment in marketable securities $ 31,757

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Investments in Marketable Securities	A summary of the Company’s investments in marketable securities (including, if applicable, those marketable securities classified as cash and cash equivalents) were as follows: September 30, 2023 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 154,056 $ — $ — $ 154,056 Total $ 154,056 $ — $ — $ 154,056 December 31, 2022 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 82,584 $ — $ — $ 82,584 Available-for-sale debt securities Corporate bonds and commercial paper — 19,775 — 19,775 Asset backed securities — 2,208 — 2,208 U.S. treasuries 9,774 — — 9,774 Total $ 92,358 $ 21,983 $ — $ 114,341

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following: September 30, 2023 December 31, 2022 Prepaid domain name registration fees 19,468 2,790 Prepaid operational expenses 17,255 11,990 Prepaid referrals, current 7,750 6,368 Prepaid advertising expenses $ 936 $ 7,045 Prepaid income taxes — 17,134 Other current assets 11,989 2,999 Total prepaid expenses and other current assets $ 57,398 $ 48,326

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2023
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consisted of the following: September 30, 2023 December 31, 2022 Accrued indirect taxes 38,473 33,486 Accrued marketing expenses $ 24,111 $ 14,620 Accrued product expenses 17,124 4,524 Accrued income taxes 8,822 — Accrued payroll expense 4,044 4,985 Other accrued expenses 21,159 6,745 Total accrued liabilities $ 113,733 $ 64,360

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets, Net	The following tables summarize the carrying value of the Company’s finite-lived intangible assets: Useful Lives (in years) September 30, 2023 Gross Carrying Value Accumulated Amortization Net Carrying Value Technology 3 to 5 $ 17,533 $ (15,308) $ 2,225 Customer relationships 2 to 5 238,551 (38,128) 200,423 Tradenames 3 to 5 11,496 (8,997) 2,499 Total intangible assets, net $ 267,580 $ (62,433) $ 205,147 Useful Lives (in years) December 31, 2022 Gross Carrying Value Accumulated Amortization Net Carrying Value Technology 3 to 5 $ 17,533 $ (12,386) $ 5,147 Customer relationships 2 to 5 61,830 (27,416) 34,414 Tradenames 3 to 5 11,496 (8,249) 3,247 Total intangible assets, net $ 90,859 $ (48,051) $ 42,808
Schedule of Amortization Expense by Statement of Operation Location	Amortization of finite-lived intangible assets was included in the following line items in the condensed consolidated statements of operations: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Cost of revenue $ 985 $ 985 $ 2,922 $ 2,922 Marketing and sales 5,456 2,672 10,712 8,290 General and administrative 252 687 748 2,148 Total amortization of finite-lived intangible assets $ 6,693 $ 4,344 $ 14,382 $ 13,360
Schedule of Amortization Expense	As of September 30, 2023, the expected future amortization expense for finite-lived intangible assets was as follows: Year Ending December 31, Amount Remainder of 2023 $ 15,044 2024 57,174 2025 55,780 2026 47,009 Thereafter 30,140 Total $ 205,147

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Debt Outstanding	Debt outstanding as of September 30, 2023 and December 31, 2022 was as follows: September 30, 2023 December 31, 2022 Term Loan $ 583,642 $ 516,266 Less: unamortized original issue discount (1,995) (1,917) Less: unamortized deferred financing costs (956) (424) Less: debt, current (48,977) (40,758) Total debt, non-current $ 531,714 $ 473,167
Schedule of Principal Payments	The scheduled principal payments required under the terms of the Credit Facility are as follows: Year Ending December 31, Amount Remainder of 2023 $ 12,244 2024 48,977 2025 522,421 Total $ 583,642

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Purchase Obligations, Fiscal Year Maturity	As of September 30, 2023, the Company had outstanding non-cancelable purchase obligations with a term of 12 months or longer, mainly related to third-party cloud-computing as well as software-as-a-service services, as follows: Year Ending December 31, Amount Remainder of 2023 $ 3,008 2024 15,500 2025 18,000 Total $ 36,508

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Schedule of Operating Lease Expenses	The components of operating lease expense, net recognized in the condensed consolidated statements of operations were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Operating lease costs Operating lease costs $ 3,343 $ 5,231 $ 10,215 $ 12,655 Variable lease costs 668 533 2,282 1,402 Short-term lease costs 63 42 205 90 Operating lease income Sublease income $ 67 $ 161 $ 378 $ 471 Total operating lease expense, net $ 4,007 $ 5,645 $ 12,324 $ 13,676 Supplemental disclosure of cash and non-cash operating activities related to operating leases were as follows: Nine Months Ended September 30, 2023 2022 Cash paid for amounts included in the measurement of operating lease liabilities, net of cash received for lease incentives $ 11,793 $ 10,328 Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ — $ 255 As of September 30, 2023, the weighted-average lease term and discount rate related to operating leases were as follows: September 30, 2023 Weighted-average remaining lease term (in years) 7.56 Weighted-average discount rate use in measuring operating lease liabilities 3.75 %
Schedule of Maturities of Operating Lease Liabilities	As of September 30, 2023, maturities of operating lease liabilities were as follows: Year Ending December 31, Amount Remainder of 2023 $ 4,018 2024 16,463 2025 16,849 2026 17,573 2027 17,036 Thereafter 58,404 Total operating lease payments 130,343 Less: imputed interest (17,281) Total operating lease liabilities $ 113,062

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss activity for the three and nine months ended September 30, 2023 and 2022 was as follows: Foreign Currency Translation Adjustments Net Unrealized (Losses)/Gains on Marketable Securities Total Accumulated Other Comprehensive (Loss)/Income Balance at December 31, 2022 $ (1,449) $ (216) $ (1,665) Other comprehensive income before reclassifications 258 216 474 Other comprehensive income 258 216 474 Balance at March 31, 2023 $ (1,191) $ — $ (1,191) Other comprehensive loss before reclassifications $ (296) $ — $ (296) Other comprehensive loss (296) — (296) Balance at June 30, 2023 $ (1,487) $ — $ (1,487) Other comprehensive loss before reclassifications $ (2,144) $ — $ (2,144) Other comprehensive loss (2,144) — (2,144) Balance at September 30, 2023 $ (3,631) $ — $ (3,631) Foreign Currency Translation Adjustments Net Unrealized Losses on Marketable Securities Total Accumulated Other Comprehensive Loss Balance at December 31, 2021 $ (170) $ (38) $ (208) Other comprehensive loss before reclassifications (801) (178) (979) Other comprehensive loss (801) (178) (979) Balance at March 31, 2022 $ (971) $ (216) $ (1,187) Other comprehensive loss before reclassifications $ (2,037) $ (77) $ (2,114) Other comprehensive loss (2,037) (77) (2,114) Balance at June 30, 2022 $ (3,008) $ (293) $ (3,301) Other comprehensive loss before reclassifications $ (2,275) $ (35) $ (2,310) Other comprehensive loss (2,275) (35) (2,310) Balance at September 30, 2022 $ (5,283) $ (328) $ (5,611)

Stock-based Compensation (Table

Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Stock-Based Compensation	The classification of stock-based compensation by line item in the condensed consolidated statements of operations was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Cost of revenue $ 1,484 $ 1,000 $ 4,085 $ 2,470 Research and product development 14,601 9,462 40,938 31,138 Marketing and sales 3,019 2,252 7,935 6,246 General and administrative 9,213 11,380 26,964 35,197 Total stock-based compensation $ 28,317 $ 24,094 $ 79,922 $ 75,051

Net (Loss)_Income per Share (Ta

Net (Loss)/Income per Share (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net (Loss)/Income per Share	The following table sets forth the computation of basic and diluted net (loss)/income per share: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Numerator: Net (loss)/income $ (16,499) $ 10,105 $ (12,337) $ (18,259) Denominator: Weighted-average shares used in computing net (loss)/income per share, basic 135,736,599 137,832,634 135,321,873 139,106,807 Effect of dilutive securities — 1,835,085 — — Weighted-average shares used in computing net (loss)/income per share, dilutive 135,736,599 139,667,719 135,321,873 139,106,807 Net (loss)/income per share, basic and dilutive $ (0.12) $ 0.07 $ (0.09) $ (0.13)
Schedule of Antidilutive Securities Excluded from Computation of Diluted Net (Loss)/Income Per Share	The following weighted-average outstanding shares of potentially dilutive securities were excluded from the computation of diluted net (loss)/income per share for the periods presented because including them would have been antidilutive: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Outstanding stock options 1,127,278 — 1,127,278 1,214,344 Restricted stock units 10,629,421 5,372,992 10,629,421 7,986,596 Total 11,756,699 5,372,992 11,756,699 9,200,940

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) institution segment	Sep. 30, 2022 USD ($)
Accounting Policies [Abstract]
Number of operating segments			1
Number of reporting units			1
Number of financial institutions that hold the company's cash and cash equivalents and marketable securities | institution			4
Interest income | $	$ 2,274	$ 504	$ 4,808	$ 821

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Assets and Liabilities Related to Payment Processing Transactions (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Restricted cash	$ 40,671	$ 35,583
Due from vendors	4,292	4,442
Total payment processing assets	44,963	40,025
Funds payable to customers	(44,208)	(38,845)
Sales tax payable	(755)	(1,180)
Total payment processing liabilities	(44,963)	(40,025)
Total payment processing transactions, net	$ 0	$ 0

Revenue - Product Type, Subscri

Revenue - Product Type, Subscription Type and Revenue Recognition Pattern (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Total revenue	$ 257,061	$ 217,696	$ 741,618	$ 638,160
Presence
Disaggregation of Revenue [Line Items]
Total revenue	179,451	149,995	515,916	440,471
Commerce
Disaggregation of Revenue [Line Items]
Total revenue	77,610	67,701	225,702	197,689
Subscription revenue | Transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	233,634	196,313	671,412	574,614
Subscription revenue | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	4,087	3,398	12,088	10,447
Subscription revenue | Presence | Transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	174,542	146,055	501,457	428,434
Subscription revenue | Presence | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	4,087	3,398	12,088	10,447
Subscription revenue | Commerce | Transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	59,092	50,258	169,955	146,180
Subscription revenue | Commerce | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0	0
Non-subscription revenue | Transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	1,662	1,349	4,810	3,940
Non-subscription revenue | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	17,678	16,636	53,308	49,159
Non-subscription revenue | Presence | Transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	760	459	2,181	1,299
Non-subscription revenue | Presence | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	62	83	190	291
Non-subscription revenue | Commerce | Transferred over time
Disaggregation of Revenue [Line Items]
Total revenue	902	890	2,629	2,641
Non-subscription revenue | Commerce | Transferred at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	$ 17,616	$ 16,553	$ 53,118	$ 48,868

Revenue - Revenue by Geography

Revenue - Revenue by Geography (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Total revenue	$ 257,061	$ 217,696	$ 741,618	$ 638,160
United States
Disaggregation of Revenue [Line Items]
Total revenue	184,198	157,409	531,147	456,583
International
Disaggregation of Revenue [Line Items]
Total revenue	$ 72,863	$ 60,287	$ 210,471	$ 181,577

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract with customer, liability, revenues recognized	$ 49,745,000	$ 42,213,000	$ 253,589,000	$ 220,342,000
Capitalized contract cost, amortization	3,039,000	2,624,000	9,328,000	7,860,000
Capitalized contract cost, impairment	0	$ 0	0	$ 0
Refund liability	$ 494,000		$ 494,000		$ 400,000

Revenue - Capitalized Contract

Revenue - Capitalized Contract Costs (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Capitalized Contract Cost [Line Items]
Capitalized contract cost, net	$ 19,218	$ 16,145
Capitalized referral fees
Capitalized Contract Cost [Line Items]
Capitalized contract cost, current	7,750	6,368
Capitalized contract cost, non-current	9,941	8,168
Capitalized app fees, current
Capitalized Contract Cost [Line Items]
Capitalized contract cost, current	880	971
Sales commissions
Capitalized Contract Cost [Line Items]
Capitalized contract cost, current	502	479
Capitalized contract cost, non-current	$ 145	$ 159

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($) $ in Thousands		9 Months Ended
	Sep. 07, 2023	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Business Acquisition [Line Items]
Proceeds from additional term loan commitments		$ 99,444	$ 0
Accrued domain name registration fees		11,719
Prepaid domain name registration fees		19,468		$ 2,790
Google Domains APA
Business Acquisition [Line Items]
Total consideration transferred	$ 180,721
Direct transaction cost	721
Proceeds from additional term loan commitments	100,000
Cash paid for acquisition	$ 176,721
Estimated useful life (in years)	4 years
Consideration transferred, transaction service agreement	$ 4,000
Prepaid domain name registration fees		$ 7,537
Google Domains APA | Contractual Rights
Business Acquisition [Line Items]
Estimated useful life (in years)	8 months

Investment in Marketable Secu_3

Investment in Marketable Securities - AFS Marketable Securities (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Amortized Cost					$ 31,973,000
Gross Unrealized Gains					1,000
Gross Unrealized Losses					(217,000)
Aggregate Fair Value					31,757,000
Unrealized gains (losses) on available-for-sale securities	$ 0	$ (35,000)	$ (216,000)	$ (290,000)
Corporate bonds and commercial paper
Debt Securities, Available-for-sale [Line Items]
Amortized Cost					19,849,000
Gross Unrealized Gains					0
Gross Unrealized Losses					(74,000)
Aggregate Fair Value					19,775,000
Asset backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost					2,219,000
Gross Unrealized Gains					1,000
Gross Unrealized Losses					(12,000)
Aggregate Fair Value					2,208,000
U.S. treasuries
Debt Securities, Available-for-sale [Line Items]
Amortized Cost					9,905,000
Gross Unrealized Gains					0
Gross Unrealized Losses					(131,000)
Aggregate Fair Value					$ 9,774,000

Investment in Marketable Secu_4

Investment in Marketable Securities - Gross Unrealized Losses and Fair Values (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less than 12 months, Aggregate Fair Value	$ 20,849
Less than 12 months, Gross Unrealized Losses	(66)
12 months or Greater, Aggregate Fair Value	10,908
12 months or Greater, Gross Unrealized Losses	(151)
Total, Aggregate Fair Value	31,757
Total, Gross Unrealized Losses	(217)
Corporate bonds and commercial paper
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less than 12 months, Aggregate Fair Value	14,768
Less than 12 months, Gross Unrealized Losses	(25)
12 months or Greater, Aggregate Fair Value	5,007
12 months or Greater, Gross Unrealized Losses	(49)
Total, Aggregate Fair Value	19,775
Total, Gross Unrealized Losses	(74)
Asset backed securities
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less than 12 months, Aggregate Fair Value	2,208
Less than 12 months, Gross Unrealized Losses	(12)
12 months or Greater, Aggregate Fair Value	0
12 months or Greater, Gross Unrealized Losses	0
Total, Aggregate Fair Value	2,208
Total, Gross Unrealized Losses	(12)
U.S. treasuries
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Less than 12 months, Aggregate Fair Value	3,873
Less than 12 months, Gross Unrealized Losses	(29)
12 months or Greater, Aggregate Fair Value	5,901
12 months or Greater, Gross Unrealized Losses	(102)
Total, Aggregate Fair Value	9,774
Total, Gross Unrealized Losses	$ (131)

Investment in Marketable Secu_5

Investment in Marketable Securities - Contractual Maturities (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Investments, Debt and Equity Securities [Abstract]
Due within 1 year	$ 28,564
Due in 1 year through 5 years	3,193
Total investment in marketable securities	$ 31,757

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		$ 31,757
Total	$ 154,056	114,341
Corporate bonds and commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		19,775
Asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,208
U.S. treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		9,774
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	154,056	82,584
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	154,056	92,358
Level 1 | Corporate bonds and commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0
Level 1 | Asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0
Level 1 | U.S. treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		9,774
Level 1 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	154,056	82,584
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	21,983
Level 2 | Corporate bonds and commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		19,775
Level 2 | Asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		2,208
Level 2 | U.S. treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0
Level 2 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Level 3 | Corporate bonds and commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0
Level 3 | Asset backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0
Level 3 | U.S. treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0
Level 3 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 0	$ 0

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Asset Acquisition [Line Items]
Prepaid domain name registration fees	$ 19,468	$ 2,790
Prepaid operational expenses	17,255	11,990
Prepaid referrals, current	7,750	6,368
Prepaid advertising expenses	936	7,045
Prepaid income taxes	0	17,134
Other current assets	11,989	2,999
Total prepaid expenses and other current assets	57,398	$ 48,326
Google Domains APA
Asset Acquisition [Line Items]
Prepaid domain name registration fees	$ 7,537

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Asset Acquisition [Line Items]
Accrued indirect taxes	$ 38,473	$ 33,486
Accrued marketing expenses	24,111	14,620
Accrued product expenses	17,124	4,524
Accrued income taxes	8,822	0
Accrued payroll expense	4,044	4,985
Other accrued expenses	21,159	6,745
Total accrued liabilities	113,733	64,360
Prepaid domain name registration fees	19,468	$ 2,790
Google Domains APA
Asset Acquisition [Line Items]
Prepaid domain name registration fees	$ 7,537

Intangible Assets, Net - Schedu

Intangible Assets, Net - Schedule of Intangible Assets, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 267,580	$ 90,859
Accumulated Amortization	(62,433)	(48,051)
Net Carrying Value	205,147	42,808
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	17,533	17,533
Accumulated Amortization	(15,308)	(12,386)
Net Carrying Value	$ 2,225	$ 5,147
Technology | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Lives (in years)	3 years	3 years
Technology | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Lives (in years)	5 years	5 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 238,551	$ 61,830
Accumulated Amortization	(38,128)	(27,416)
Net Carrying Value	$ 200,423	$ 34,414
Customer relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Lives (in years)	2 years	2 years
Customer relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Lives (in years)	5 years	5 years
Tradenames
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 11,496	$ 11,496
Accumulated Amortization	(8,997)	(8,249)
Net Carrying Value	$ 2,499	$ 3,247
Tradenames | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Lives (in years)	3 years	3 years
Tradenames | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Lives (in years)	5 years	5 years

Intangible Assets, Net - Narrat

Intangible Assets, Net - Narrative (Details) - Weighted Average	Sep. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Weighted-average remaining useful lives	3 years 8 months 12 days
Technology
Finite-Lived Intangible Assets [Line Items]
Weighted-average remaining useful lives	7 months 6 days
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-average remaining useful lives	3 years 9 months 18 days
Tradenames
Finite-Lived Intangible Assets [Line Items]
Weighted-average remaining useful lives	2 years 6 months

Intangible Assets, Net - Amorti

Intangible Assets, Net - Amortization Expense by Location (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Total amortization of finite-lived intangible assets	$ 6,693	$ 4,344	$ 14,382	$ 13,360
Cost of revenue
Finite-Lived Intangible Assets [Line Items]
Total amortization of finite-lived intangible assets	985	985	2,922	2,922
Marketing and sales
Finite-Lived Intangible Assets [Line Items]
Total amortization of finite-lived intangible assets	5,456	2,672	10,712	8,290
General and administrative
Finite-Lived Intangible Assets [Line Items]
Total amortization of finite-lived intangible assets	$ 252	$ 687	$ 748	$ 2,148

Intangible Assets, Net - Future

Intangible Assets, Net - Future Amortization (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2023	$ 15,044
2024	57,174
2025	55,780
2026	47,009
Thereafter	30,140
Net Carrying Value	$ 205,147	$ 42,808

Debt - Debt Outstanding (Detail

Debt - Debt Outstanding (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Term Loan	$ 583,642	$ 516,266
Less: unamortized original issue discount	(1,995)	(1,917)
Less: unamortized deferred financing costs	(956)	(424)
Less: debt, current	(48,977)	(40,758)
Total debt, non-current	$ 531,714	$ 473,167

Debt - Narrative (Details)

Debt - Narrative (Details)

3 Months Ended

9 Months Ended

24 Months Ended

Sep. 07, 2022 USD ($)

Mar. 31, 2023

Dec. 31, 2022 USD ($)

Sep. 30, 2022

Jun. 30, 2022

Mar. 31, 2022

Sep. 30, 2023 USD ($) time

Sep. 30, 2022

Dec. 31, 2022 USD ($)

Jun. 15, 2023 USD ($)

Dec. 11, 2020 USD ($)

Dec. 12, 2019 USD ($)

Line of Credit Facility [Line Items]

Unamortized original issue discount

$ 1,917,000

$ 1,995,000

$ 1,917,000

Security deposit

$ 2,388,000

Credit Agreement

Line of Credit Facility [Line Items]

Basis spread on variable rate (as a percent)

1.60%

Credit spread adjustment (as a percent)

0.10%

1.50%

Effective interest rate (as a percent)

4.63%

6.92%

4.63%

Debt instrument, covenant, Indebtedness to consolidated EBITDA ratio

3.75

4

4

4.25

4.25

4.50

Debt instrument, covenant, indebtedness to consolidated EBITDA ratio, step-up amount

0.50

Debt instrument, covenant, indebtedness to consolidated EBITDA ratio, step-up, number of step-ups available | time

2

Credit Agreement | Lending Institutions

Line of Credit Facility [Line Items]

Unamortized original issue discount

$ 556,000

Deferred financing costs

319,000

Credit Agreement | Third-party

Line of Credit Facility [Line Items]

Deferred financing costs

318,000

Term Loan | 2019 Credit Agreement

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 350,000

Term Loan | 2020 Credit Agreement

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 550,000,000

Term Loan | Credit Agreement

Line of Credit Facility [Line Items]

Maximum borrowing capacity

650,000,000

Term Loan | Credit Agreement | Secured Overnight Financing Rate (SOFR)

Line of Credit Facility [Line Items]

Aggregate principal amount

$ 100,000,000

Revolving Credit Facility | 2019 Credit Agreement

Line of Credit Facility [Line Items]

Maximum borrowing capacity

25,000

Revolving Credit Facility | Credit Agreement

Line of Credit Facility [Line Items]

Remaining borrowing capacity

$ 17,745,000

Revolving Credit Facility | Credit Agreement | Minimum

Line of Credit Facility [Line Items]

Commitment fee percentage (as a percent)

0.20%

Revolving Credit Facility | Credit Agreement | Maximum

Line of Credit Facility [Line Items]

Commitment fee percentage (as a percent)

0.25%

Letter of Credit | 2019 Credit Agreement

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 15,000

Letter of Credit | Credit Agreement

Line of Credit Facility [Line Items]

Line of credit outstanding

$ 7,255,000

Debt - Scheduled Principal Paym

Debt - Scheduled Principal Payments (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Remainder of 2023	$ 12,244
2024	48,977
2025	522,421
Total	$ 583,642	$ 516,266

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income tax expense	$ 41,151,000	$ 3,277,000	$ 59,622,000	$ 7,446,000
Effective income tax rate (as a percent)	(166.90%)	(24.50%)	(126.10%)	68.90%
Unrecognized tax benefits	$ 13,176,000	$ 10,256,000	$ 13,176,000	$ 10,256,000
Unrecognized tax benefits that would affect the effective tax rate	13,098,000		13,098,000
Decrease in unrecognized tax benefits			1,161,000
Accrued interest and penalties	746,000	$ 0	746,000	$ 0
Excise tax			277,000
Research and development tax credits	$ (219,000)		$ 395,000

Commitment and Contingencies -

Commitment and Contingencies - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Indirect tax liability	$ 38,473	$ 33,486

Commitment and Contingencies _2

Commitment and Contingencies - Purchase Obligations (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2023	$ 3,008
2024	15,500
2025	18,000
Total	$ 36,508

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Mar. 10, 2022 sublease
Lessee, Lease, Description [Line Items]
Number of properties subleased | sublease					1
Sublease income	$ 67	$ 161	$ 378	$ 471
Operating lease, lease liability, decrease from lease term reassessment		3,213		3,213
Operating lease, right of use asset, decrease from lease term reassessment		3,213		3,213
Operating lease, impairment loss		1,694		1,694
Illinois
Lessee, Lease, Description [Line Items]
Sublease income		$ 75	$ 152	200
California
Lessee, Lease, Description [Line Items]
Additional operating lease expense recorded				$ 258

Leases - Operating Lease Costs

Leases - Operating Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Operating lease costs
Operating lease costs	$ 3,343	$ 5,231	$ 10,215	$ 12,655
Variable lease costs	668	533	2,282	1,402
Short-term lease costs	63	42	205	90
Operating lease income
Sublease income	67	161	378	471
Total operating lease expense, net	$ 4,007	$ 5,645	$ 12,324	$ 13,676

Leases - Supplemental Disclosur

Leases - Supplemental Disclosure of Cash and Non-Cash and Other Operating Activities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities, net of cash received for lease incentives	$ 11,793	$ 10,328
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$ 0	$ 255
Weighted-average remaining lease term (in years)	7 years 6 months 21 days
Weighted-average discount rate use in measuring operating lease liabilities	3.75%

Leases - Operating Lease Maturi

Leases - Operating Lease Maturities (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Leases [Abstract]
Remainder of 2023	$ 4,018
2024	16,463
2025	16,849
2026	17,573
2027	17,036
Thereafter	58,404
Total operating lease payments	130,343
Less: imputed interest	(17,281)
Total operating lease liabilities	$ 113,062

Stockholders_ Deficit (Details)

Stockholders’ Deficit (Details)	3 Months Ended				9 Months Ended
	Sep. 30, 2023 USD ($) $ / shares shares	Mar. 31, 2023 USD ($)	Sep. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) vote $ / shares shares	Sep. 30, 2022 USD ($) $ / shares shares	Dec. 31, 2022 $ / shares shares	May 10, 2022 USD ($)
Class of Stock [Line Items]
Repurchase and retirement of Class A common stock, consideration		$ (25,321,000)	$ (50,378,000)	$ (35,202,000)
Class A Common Stock
Class of Stock [Line Items]
Number of votes for each share of common stock | vote					1
Common stock, par value (in dollars per share) | $ / shares	$ 0.0001				$ 0.0001		$ 0.0001
Common stock, authorized (in shares) | shares	1,000,000,000				1,000,000,000		1,000,000,000
Share repurchase program, authorized amount (up to)								$ 200,000,000
Repurchase of Class A common stock and retirement (in shares) | shares	0		2,431,995		1,256,170	3,994,455
Repurchase and retirement of Class A common stock, consideration			$ (50,378,000)		$ (25,321,000)	$ (85,580,000)
Repurchase and retirement of stock, commission expense			$ 49,000		$ 25,000	$ 80,000
Stock repurchased and retired during period, average price per share ( in dollar per shares) | $ / shares			$ 21.84		$ 22.04	$ 21.40
Remaining authorized repurchase amount	$ 54,486,000				$ 54,486,000
Class B Common Stock
Class of Stock [Line Items]
Number of votes for each share of common stock | vote					10
Common stock, par value (in dollars per share) | $ / shares	$ 0.0001				$ 0.0001		$ 0.0001
Common stock, authorized (in shares) | shares	100,000,000				100,000,000		100,000,000
Common stock, share conversion ratio					1
Class C Common Stock
Class of Stock [Line Items]
Common stock, par value (in dollars per share) | $ / shares	$ 0.0001				$ 0.0001		$ 0.0001
Common stock, authorized (in shares) | shares	1,000,000,000				1,000,000,000		1,000,000,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Total Accumulated Other Comprehensive (Loss)/Income
Beginning balance	$ (291,196)	$ (318,335)	$ (302,991)	$ (42,086)	$ (89,689)	$ (13,479)	$ (302,991)	$ (13,479)
Other comprehensive income (loss) before reclassifications	(2,144)	(296)	474	(2,310)	(2,114)	(979)
Other comprehensive income (loss)	(2,144)	(296)	474	(2,310)	(2,114)	(979)	(1,966)	(5,403)
Ending balance	(287,962)	(291,196)	(318,335)	(62,109)	(42,086)	(89,689)	(287,962)	(62,109)
Total Accumulated Other Comprehensive (Loss)/Income
Total Accumulated Other Comprehensive (Loss)/Income
Beginning balance	(1,487)	(1,191)	(1,665)	(3,301)	(1,187)	(208)	(1,665)	(208)
Ending balance	(3,631)	(1,487)	(1,191)	(5,611)	(3,301)	(1,187)	(3,631)	(5,611)
Foreign Currency Translation Adjustments
Total Accumulated Other Comprehensive (Loss)/Income
Beginning balance	(1,487)	(1,191)	(1,449)	(3,008)	(971)	(170)	(1,449)	(170)
Other comprehensive income (loss) before reclassifications	(2,144)	(296)	258	(2,275)	(2,037)	(801)
Other comprehensive income (loss)	(2,144)	(296)	258	(2,275)	(2,037)	(801)
Ending balance	(3,631)	(1,487)	(1,191)	(5,283)	(3,008)	(971)	(3,631)	(5,283)
Net Unrealized (Losses)/Gains on Marketable Securities
Total Accumulated Other Comprehensive (Loss)/Income
Beginning balance	0	0	(216)	(293)	(216)	(38)	(216)	(38)
Other comprehensive income (loss) before reclassifications	0	0	216	(35)	(77)	(178)
Other comprehensive income (loss)	0	0	216	(35)	(77)	(178)
Ending balance	$ 0	$ 0	$ 0	$ (328)	$ (293)	$ (216)	$ 0	$ (328)

Stock-based Compensation - Narr

Stock-based Compensation - Narrative (Details) - USD ($)		1 Months Ended	3 Months Ended		9 Months Ended		30 Months Ended	70 Months Ended
	Apr. 15, 2021	Mar. 31, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from exercise of stock options					$ 191,000	$ 2,158,000
Stock-based compensation			$ 28,317,000	$ 24,094,000	79,922,000	75,051,000
Stock compensation capitalized					3,127,000	737,000
Share-based payment arrangement, accelerated cost				1,923,000		4,098,000
Property and equipment, net
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation capitalized			1,490,000	478,000	3,127,000	737,000
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation			$ 9,213,000	$ 11,380,000	$ 26,964,000	$ 35,197,000
2008 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option grants (in shares)								0
Stock option exercises (in shares)			19,564	29,797	54,249	642,548
Proceeds from exercise of stock options			$ 57,000	$ 48,000	$ 191,000	$ 2,158,000
2017 Equity Incentive Plan | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)					4 years
Vested RSUs converted to common shares (in shares)			232,212	211,261	839,044	1,624,883
Reacquired shares in order to satisfy employee tax withholding (in shares)			96,422	85,992	353,009	697,527
RSUs granted (in shares)							0
2021 Equity Incentive Plan | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)					4 years
Vested RSUs converted to common shares (in shares)			409,950	26,585	1,801,142	120,246
Reacquired shares in order to satisfy employee tax withholding (in shares)			164,704	11,354	715,523	37,430
2021 Equity Incentive Plan | Restricted stock units | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted (in shares)			495,466	659,452	5,799,474	5,851,643
2021 Equity Incentive Plan | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)		3 years
2021 Equity Incentive Plan | Performance Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percent		0%
2021 Equity Incentive Plan | Performance Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percent		200%
2021 Equity Incentive Plan | Performance Shares | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted (in shares)			45,150		193,381
Casalena Performance Award | Chief Executive Officer | General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation			$ 4,923,000	$ 7,816,000	$ 14,607,000	$ 23,193,000
Casalena Performance Award | Restricted stock units | Class A Common Stock | Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)					4 years
RSUs granted (in shares)	2,750,000
RSUs granted, weighted average grant date fair value (in dollars per share)	$ 30.38

Stock-based Compensation - Stoc

Stock-based Compensation - Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	$ 28,317	$ 24,094	$ 79,922	$ 75,051
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	1,484	1,000	4,085	2,470
Research and product development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	14,601	9,462	40,938	31,138
Marketing and sales
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	3,019	2,252	7,935	6,246
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation	$ 9,213	$ 11,380	$ 26,964	$ 35,197

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Revenue	$ 257,061	$ 217,696	$ 741,618	$ 638,160
Funds payable to customers	$ 44,208		$ 44,208		$ 38,845
Management
Related Party Transaction [Line Items]
Revenue		330		895
Funds payable to customers		$ 3,373		$ 3,373

Net (Loss)_Income per Share - S

Net (Loss)/Income per Share - Schedule of Basic and Diluted Net (Loss)/Income per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Numerator:
Net (loss)/income	$ (16,499)	$ 3,660	$ 502	$ 10,105	$ 64,496	$ (92,860)	$ (12,337)	$ (18,259)
Denominator:
Weighted-average shares used in computing net (loss)/income per share, basic (in shares)	135,736,599			137,832,634			135,321,873	139,106,807
Effect of dilutive securities (in shares)	0			1,835,085			0	0
Weighted-average shares used in computing net (loss)/income per share, dilutive (in shares)	135,736,599			139,667,719			135,321,873	139,106,807
Net (loss)/income per share, basic (in dollars per share)	$ (0.12)			$ 0.07			$ (0.09)	$ (0.13)
Net (loss)/income per share, dilutive (in dollars per share)	$ (0.12)			$ 0.07			$ (0.09)	$ (0.13)

Net (Loss)_Income per Share -_2

Net (Loss)/Income per Share - Schedule of Antidilutive Securities Excluded from Computation of Diluted Net (Loss)/Income Per Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net (loss)/income per share	11,756,699	5,372,992	11,756,699	9,200,940
Outstanding stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net (loss)/income per share	1,127,278	0	1,127,278	1,214,344
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of diluted net (loss)/income per share	10,629,421	5,372,992	10,629,421	7,986,596