
	As of
	June 30, 2025		December 31, 2024
Prepaid expenses	$	59,681	$	47,919
Accrued interest receivable	29,088		19,690
Other current assets	11,793		7,806
Total prepaid expenses and other current assets	$	100,562	$	75,415


	As of
	June 30, 2025		December 31, 2024
Servers and related equipment and software	$	901,951	$	898,598
Computer hardware and software licenses	42,476		55,002
Furniture and fixtures	2,328		2,121
Leasehold improvements	249,807		245,150
Construction in progress	16,287		46,158
Total property and equipment	1,212,849		1,247,029
Less accumulated depreciation and amortization	(599,142)		(587,440)
Property and equipment—net	$	613,707	$	659,589

Construction in progress primarily relates to networking and other infrastructure equipment to support the Company’s data centers.

Total depreciation and amortization expense of property and equipment was $49.6 million and $99.2 million for the three and six months ended June 30, 2025, respectively, and $47.8 million and $96.5 million for the three and six months ended June 30, 2024, respectively.

Accrued expenses and other current liabilities consisted of the following (in thousands):


	As of
	June 30, 2025		December 31, 2024
Accrued operating expenses and liabilities	$	72,455	$	49,478
Short-term operating lease liabilities	136,909		128,857
Accrued interest on the 2030 Notes	6,458		6,458
Taxes payable	49,012		54,609
Accrued compensation and other employee related liabilities	22,150		28,147
Short-term debt	14,700		—
Other current liabilities	15,466		8,205
Total accrued expenses and other current liabilities	$	317,150	$	275,754