Property and Equipment

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following for the periods presented (in thousands):


	March 31, 2026		December 31, 2025
Office equipment	$	3,836	$	3,501
Office furniture	5,531		5,539
Leasehold improvements	3,077		3,039

Capitalized internal-use software	10,787		9,746

Payment terminals	2,565		2,523
Property and equipment, gross	25,796		24,348
Less accumulated depreciation and amortization	(16,091)		(15,136)
Property and equipment, net	$	9,705	$	9,212

Depreciation and amortization expense on property and equipment (excluding amortization on operating right-of-use (“ROU”) assets) was $3.2 million and $2.8 million for the three months ended March 31, 2026 and 2025, respectively. Of this expense, $1.9 million and $1.8 million for the three months ended March 31, 2026 and 2025, respectively, was related to phone hardware finance ROU assets (see also Note 8) and has been included in cost of revenue in the unaudited condensed consolidated statements of operations and comprehensive loss. Of the remaining depreciation and amortization expense, $0.8 million and $0.5 million was included in cost of revenue for each of the three months ended March 31, 2026 and 2025, respectively. $0.5 million and $0.5 million was recorded in operating expenses on the unaudited condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2026 and 2025, respectively.