v3.26.1
Property, Equipment, and Software, Net
 3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property, Equipment, and Software, Net Property, Equipment, and Software, Net
Property, equipment, and software, net consist of the following (in thousands):

March 31, 2026December 31, 2025
Facility equipment and other tangible property
$91,484 $83,171 
Purchased and internal-use software and website development
56,202 51,140 
Leasehold improvements25,089 15,925 
Assets not placed in service
222,902 214,283 
Total property, equipment, and software395,677 364,519 
Less: accumulated depreciation and amortization
(61,832)(52,589)
Total property, equipment, and software, net$333,845 $311,930 

Depreciation and amortization expense for property, equipment, and software was $9.5 million and $6.2 million for the three months ended March 31, 2026 and 2025, respectively.

There were no impairment charges for property, equipment, and software for the three months ended March 31, 2026 and 2025.