v3.25.2
Property and Equipment
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

8. Property and Equipment

Property and equipment consists of the following:
 

 

 

June 30, 2025

 

 

December 31, 2024

 

 

 

(in thousands)

 

Computer equipment and purchased software

 

$

18,875

 

 

$

16,919

 

Employee related computer equipment

 

 

43,741

 

 

 

36,699

 

Furniture and fixtures

 

 

21,186

 

 

 

20,642

 

Leasehold improvements

 

 

121,535

 

 

 

112,758

 

Internal-use software

 

 

86,639

 

 

 

72,112

 

Construction in progress

 

 

34

 

 

 

1,612

 

Total property and equipment

 

 

292,010

 

 

 

260,742

 

Less accumulated depreciation

 

 

(159,664

)

 

 

(146,577

)

Property and equipment, net

 

$

132,346

 

 

$

114,165

 

Depreciation and amortization expense on property and equipment was $8.9 million for the three months ended June 30, 2025, $16.1 million for the six months ended June 30, 2025, $7.0 million for the three months ended June 30, 2024 and $14.1 million for the six months ended June 30, 2024.