| Equipment for Lease, Net Equipment for lease, net consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | Weighted Average Depreciation Period (in years) | | March 31, 2025 | | Gross Carrying Value | | Accumulated Depreciation | | Net Carrying Value | | Equipment under lease | 4 | | $ | 259.9 | | | $ | (100.5) | | | $ | 159.4 | | | Equipment held for lease (a) | N/A | | 17.5 | | | — | | | 17.5 | | | Total equipment for lease, net | | | $ | 277.4 | | | $ | (100.5) | | | $ | 176.9 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Weighted Average Depreciation Period (in years) | | December 31, 2024 | | Gross Carrying Value | | Accumulated Depreciation | | Net Carrying Value | | Equipment under lease | 4 | | $ | 243.6 | | | $ | (93.0) | | | $ | 150.6 | | | Equipment held for lease (a) | N/A | | 14.5 | | | — | | | 14.5 | | | Total equipment for lease, net | | | $ | 258.1 | | | $ | (93.0) | | | $ | 165.1 | | | | | | | | | | | (a) Represents equipment that was not yet initially deployed to a merchant and, accordingly, is not being depreciated. |
In addition to equipment for lease, the Company had $6.9 million and $8.9 million of inventory as of March 31, 2025 and December 31, 2024, respectively. Inventory represents hardware devices to be sold.
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