v3.25.2
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
The following summarizes our property and equipment (in thousands):
June 30, 2025December 31, 2024
Computer hardware$15,268 $14,734 
Furniture and equipment983 983 
Internal-use software development costs252,876 235,831 
Leasehold improvements1,490 1,479 
Total property and equipment270,617 253,027 
Accumulated depreciation expense(193,344)(179,876)
Total property and equipment, net$77,273 $73,151 

The Company capitalized $9.1 million and $17.0 million for the three and six months ended June 30, 2025, respectively, and $5.8 million and $10.3 million for the three and six months ended June 30, 2024, respectively, of internal-use software development costs. The net book value of capitalized internal-use software development costs was $73.9 million and $68.7 million as of June 30, 2025 and December 31, 2024, respectively.

Depreciation expense related to property and equipment was $6.4 million and $13.6 million for the three and six months ended June 30, 2025, respectively, and $7.9 million and $15.4 million for the three and six months ended June 30, 2024, respectively, of which amortization expense related to capitalized internal-use software development costs was $5.6 million and $11.9 million for the three and six months ended June 30, 2025, respectively, and $6.7 million and $13.0 million for the three and six months ended June 30, 2024, respectively.