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
Property and equipment, net consisted of the following (in thousands):
March 31,
2026		December 31,
2025
Software(1)
$8,201 $7,636 
Leasehold improvements9,573 10,174 
Equipment3,861 3,660 
Furniture and fixtures
29 28 
Construction in progress681 667 
Total property and equipment, gross22,345 22,165 
Less: accumulated depreciation(17,903)(17,938)
Total$4,442 $4,227 
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(1) The net book value of our software was $0.9 million and $0.5 million for the three months ended March 31, 2026 and December 31, 2025, respectively, and primarily related to certain portions of our playboy.com website.
The aggregate depreciation expense related to property and equipment, net was $0.6 million and $0.4 million for the three months ended March 31, 2026 and 2025, respectively.