v3.26.1
Property and Equipment
3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following (in thousands):
As of
March 31,
As of
December 31,
20262025
(unaudited)
Computer equipment$9,921 $10,027 
Leasehold improvements6,312 6,314 
Furniture and fixtures3,795 3,796 
Capitalized internal-use software costs71,709 66,916 
Computer software111 111 
Total property and equipment91,848 87,164 
Less: accumulated depreciation(56,913)(53,326)
Property and equipment, net$34,935 $33,838 
Our long-lived assets are located in the United States. Depreciation expense totaled $4.0 million and $3.6 million for the three months ended March 31, 2026 and 2025, respectively. Depreciation expense includes the amortization of capitalized internal-use software costs.
There was no impairment of long-lived assets during the three months ended March 31, 2026 and 2025.
We capitalized $4.8 million and $5.4 million of internal-use software costs for the three months ended March 31, 2026 and 2025, respectively. We incurred $3.5 million and $2.9 million of capitalized internal-use software cost amortization expense for the three months ended March 31, 2026 and 2025, respectively.