v3.26.1
PROPERTY AND EQUIPMENT, NET (Tables)
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Schedule of Property, Plant, and Equipment
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 
Schedule of Capitalized Computer Software
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 $2,947 
Depreciation of internal-use software and website development6,104 2,770 8,826 6,159 
Schedule of Depreciation Expense
Depreciation expense is classified within the corresponding operating expense categories on the consolidated statements of operations as follows (in thousands): 
Three months ended
June 30,
Six months ended
June 30,
2026202520262025
Cost of goods sold$— $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