Property and Equipment, net |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property and Equipment, net | Property and Equipment, net The following table presents the major classes of property and equipment, net, as of March 31, 2026 and December 31, 2025:
Depreciation expense was $2.2 million and $1.6 million for the three months ended March 31, 2026 and 2025, respectively. Depreciation expense includes cost of sales depreciation expense directly related to delivering cloud subscription revenue of $1.7 million and $1.1 million for the three months ended March 31, 2026 and 2025, respectively, and are recorded in "Services and other cost of goods sold" on the condensed consolidated statements of operations. The Company wrote-off internal capitalized software of $0.3 million related to an in process software project similar to the mobile application protection solution acquired in the Build38 acquisition. As a result, the Company determined this software project to be an obsolete asset going forward.
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