Property and Equipment (Tables)

6 Months Ended

Jun. 30, 2025

Property, Plant and Equipment [Abstract]

Property and equipment consist of the following:


	As of June 30,		As of December 31,
	2025		2024
	(In thousands)
Capitalized internal-use software developments costs	$	387,454	$	357,334
Data center equipment (1)	47,384		63,672
Leasehold improvements	61,980		78,104
Office equipment	46,856		50,659
Furniture and fixtures	10,370		12,618
Software	14,143		14,143
Total property and equipment	568,187		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.