v3.25.1
Property and Equipment, Net
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net, consists of the following:
March 31,
2025
December 31,
2024
(in thousands)
Computer equipment$188,413 $187,281 
Computer software26,237 26,229 
Leasehold improvements23,689 23,429 
Scanner appliances18,976 18,978 
Furniture, fixtures and equipment5,202 5,204 
Total property and equipment262,517 261,121 
Less: accumulated depreciation and amortization(234,267)(230,772)
Property and equipment, net$28,250 $30,349 
As of March 31, 2025 and December 31, 2024, physical scanner appliances and other computer equipment that are or will be subject to leases by customers had a net carrying value of $10.4 million and $11.2 million, respectively, including assets that had not been placed in service of $4.6 million and $7.4 million, respectively.
Depreciation and amortization expenses relating to property and equipment were $3.5 million and $4.5 million for the three months ended March 31, 2025 and 2024, respectively, which were mainly recorded in cost of revenues in the condensed consolidated statements of operations.