v3.25.2
Capitalized Software
6 Months Ended
Jun. 30, 2025
Research and Development [Abstract]  
Capitalized Software
Note 9. Capitalized Software
Capitalized software consisted of the following as of:
June 30,December 31,
20252024
(in thousands)
Capitalized software$79,546 $68,057 
Less: accumulated amortization(31,366)(26,462)
Capitalized software, net$48,180 $41,595 
Amortization expense was $2.5 million and $2.3 million for the three months ended June 30, 2025 and 2024, respectively, and $4.9 million and $4.7 million for the six months ended June 30, 2025 and 2024, respectively. During the ordinary course of business, the Company may determine that certain capitalized features of its software will no longer be used either internally or to deliver value to its customers. The Company recorded a charge of $0.4 million for both the three months ended June 30, 2025 and 2024, and $0.8 million and $0.4 million for the six months ended June 30, 2025 and 2024, respectively, related to capitalized costs associated with abandoned projects, which are included in general and administrative expense on the unaudited condensed consolidated statements of operations and comprehensive loss.