v3.26.1
PROPERTY AND EQUIPMENT, NET
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
5. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consist of the following (in thousands):
June 30,
2026		December 31,
2025
Computer hardware and software, including internal-use software and website development$266,420 $186,022 
Furniture and equipment77,786 1,630 
Leasehold improvements93,146 1,159 
437,352 188,811 
Less: accumulated depreciation(394,476)(175,099)
Total property and equipment, net$42,876 $13,712 

Capitalized costs associated with internal-use software and website development, both developed internally and acquired externally, and depreciation of costs for the same periods associated with internal-use software and website development consist of the following (in thousands):
Three months ended
June 30,		Six months ended
June 30,
2026202520262025
Capitalized internal-use software and website development$3,356 $1,599 $4,729 $2,947 
Depreciation of internal-use software and website development6,104 2,770 8,826 6,159 

Depreciation expense is classified within the corresponding operating expense categories on the consolidated statements of operations as follows (in thousands): 
Three months ended
June 30,		Six months ended
June 30,
2026202520262025
Cost of goods sold$— $16 $— $89 
Technology4,223 3,787 7,176 8,250 
Sales and marketing838 — 838 — 
General and administrative3,056 78 3,145 167 
Total depreciation$8,117 $3,881 $11,159 $8,506