Software, Property and Equipment, Net

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

Software, property and equipment, net consisted of the following (in thousands):


	March 31, 2026		December 31, 2025

Software	$	50,656	$	48,665
Leasehold improvements	12,644		12,620
Furniture and fixtures	3,767		3,695
Computers and other equipment	3,031		3,008
Total	70,098		67,988
Accumulated amortization and depreciation	(55,151)		(52,905)

Software, property and equipment, net	$	14,947	$	15,083

Depreciation expense attributable to software, property, and equipment was $0.4 million for both the three months ended March 31, 2026 and 2025. Depreciation expense attributable to software, property, and equipment is reflected in General and administrative on the condensed consolidated statements of operations and comprehensive loss. Amortization expense attributable to software, property, and equipment was $1.5 million and $1.8 million for the three months ended March 31, 2026 and 2025, respectively. Amortization expense attributable to software, property, and equipment is reflected in Technology on the condensed consolidated statements of operations and comprehensive loss. Total additions to software were $2.0 million and $1.2 million for the three months ended March 31, 2026 and 2025, respectively.

Substantially all software, property and equipment was located and utilized within the United States as of March 31, 2026 and December 31, 2025.

During the three months ended March 31, 2026, the Company recorded an impairment loss of $0.2 million on leasehold improvements related to the closure of its San Francisco office lease, and $0.1 million on furniture and fixtures related to the closure of its United Kingdom offices as part of the Company's exit from international markets.