v3.25.2
Property and Equipment
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consist of the following:
As of June 30,As of December 31,
20252024
(In thousands)
Capitalized internal-use software developments costs$387,454 $357,334 
Data center equipment (1)
47,384 63,672 
Leasehold improvements61,980 78,104 
Office equipment46,856 50,659 
Furniture and fixtures10,370 12,618 
Software14,143 14,143 
Total property and equipment568,187 576,530 
Less: accumulated depreciation and amortization (1)
(390,230)(385,488)
Total property and equipment, net$177,957 $191,042 
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(1) Data center equipment includes $21.4 million and $33.5 million in assets held under finance leases as of June 30, 2025, and December 31, 2024, respectively. Accumulated depreciation and amortization includes $20.4 million and $28.6 million of accumulated depreciation for assets held under finance leases as of June 30, 2025, and December 31, 2024, respectively.
Depreciation and amortization expense was $22.3 million and $23.3 million in the three months ended June 30, 2025 and 2024, respectively, and $44.1 million and $47.2 million in the six months ended June 30, 2025 and 2024, respectively.
The Company capitalized $17.6 million and $20.4 million in internal‑use software development costs in the three months ended June 30, 2025 and 2024, respectively, and $33.9 million and $36.5 million in the six months ended June 30, 2025 and 2024, respectively.