
	March 31, 2026		December 31, 2025

	(in thousands)
Computer equipment	$	190,185	$	189,173
Computer software	26,237		26,237
Leasehold improvements	23,889		23,751
Scanner appliances	19,606		19,234
Furniture, fixtures and equipment	5,521		5,262
Total property and equipment	265,438		263,657
Less: accumulated depreciation and amortization	(243,457)		(240,491)
Property and equipment, net	$	21,981	$	23,166

As of March 31, 2026 and December 31, 2025, physical scanner appliances and other computer equipment that are or will be subject to leases by customers had a net carrying value of $7.9 million and $8.6 million, respectively, including assets that had not been placed in service of $3.9 million and $4.2 million, respectively.

Depreciation and amortization expenses relating to property and equipment were $2.4 million and $3.5 million for the three months ended March 31, 2026 and 2025, respectively, which were mainly recorded in cost of revenues in the condensed consolidated statements of operations.

During the first quarter of 2026, the Company identified indicators of impairment related to certain property and equipment and recognized an immaterial impairment charge in cost of revenue in the condensed consolidated statement of operations.