v3.26.1
Property and Equipment, Net
3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

6. Property and Equipment, Net

Property and equipment, net consisted of the following:

(in thousands)

 

March 31,
2026

 

 

December 31,
2025

 

Computers and purchased software

 

$

10,218

 

 

$

10,235

 

Internally developed software

 

 

11,202

 

 

 

9,103

 

Furniture and equipment

 

 

991

 

 

 

1,004

 

Leasehold improvements

 

 

1,840

 

 

 

1,846

 

 

 

24,251

 

 

 

22,188

 

Less: accumulated depreciation and amortization

 

 

(10,453

)

 

 

(9,508

)

Property and equipment, net

 

$

13,798

 

 

$

12,680

 

Depreciation and amortization expense associated with property and equipment was $1.0 million and $0.6 million during the three months ended March 31, 2026 and 2025, respectively.