v3.26.1
Property and Equipment, Net
 3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Depreciation and amortization expense was $1.5 million and $1.0 million for the three months ended March 31, 2026 and 2025, respectively.

Property and equipment, net, includes the following amounts at March 31, 2026 and December 31, 2025:

(in thousands)Useful LifeMarch 31, 2026December 31, 2025
Capitalized software development costs5 years30,274 27,803 
Equipment and software
3 to 5 years
3,591 3,283 
Leasehold improvements
3 to 10 years
10,233 10,230 
$44,098 $41,316 
Less: accumulated depreciation and amortization(16,210)(14,664)
Property and equipment, net$27,888 $26,652 

See Note 15 for information related to a capitalized software development costs impairment for the three months ended March 31, 2025.