v3.25.4
Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment

Property and equipment consists of the following:

 

 

 

December 31.

 

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Computer equipment and purchased software

 

$

19,520

 

 

$

16,919

 

Employee related computer equipment

 

 

47,408

 

 

 

36,699

 

Furniture and fixtures

 

 

20,246

 

 

 

20,642

 

Leasehold improvements

 

 

124,067

 

 

 

112,758

 

Internal-use software

 

 

100,901

 

 

 

72,112

 

Construction in progress

 

 

5,582

 

 

 

1,612

 

Total property and equipment

 

 

317,724

 

 

 

260,742

 

Less accumulated depreciation

 

 

(175,855

)

 

 

(146,577

)

Property and equipment, net

 

$

141,869

 

 

$

114,165

 

Schedule of Changes in Asset Retirement Obligations

The changes in the asset retirement obligation balance during the years ended December 31, 2025 and December 31, 2024 are as follows:

 

Year Ended December 31,

 

 

2025

 

 

2024

 

 

(in thousands)

 

Beginning balance

$

5,854

 

 

$

6,097

 

Additions

 

 

 

 

 

Accretion

 

145

 

 

 

130

 

Updates to estimated cash flows

 

697

 

 

 

(373

)

Ending balance

$

6,696

 

 

$

5,854