| Balance Sheet Components |
4. Balance Sheet Components Property and Equipment, net The following table summarizes property and equipment, net as of the periods presented below (in thousands): | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Computers | $ | 20,038 | | | $ | 18,835 | | | Capitalized internal-use software | 59,259 | | | 53,245 | | | Office equipment | 10,530 | | | 7,887 | | | Furniture and fixtures | 11,210 | | | 9,518 | | | Motor vehicles | 207 | | | 267 | | | Leasehold improvements | 12,727 | | | 8,994 | | | Construction in progress | 197 | | | 269 | | | Total property and equipment | 114,168 | | | 99,015 | | | Less: accumulated depreciation and amortization | (67,781) | | | (60,172) | | | Property and equipment, net | $ | 46,387 | | | $ | 38,843 | |
The following table summarizes depreciation expense and internal-use software capitalization and amortization during the periods presented below (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | Capitalization of costs associated with internal-use software | $ | 1,924 | | | $ | 5,697 | | | $ | 6,013 | | | $ | 9,161 | | Amortization expense of capitalized internal-use software | 2,712 | | | 1,634 | | | 5,219 | | | 3,274 | | Depreciation expense | $ | 1,322 | | | $ | 1,138 | | | $ | 2,495 | | | $ | 2,345 | |
As of June 30, 2026 and December 31, 2025, the net carrying value of capitalized internal-use software was $26.9 million and $26.1 million, respectively. Accrued Liabilities The following table summarizes accrued liabilities as of the periods presented below (in thousands): | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Accrued compensation | $ | 23,901 | | | $ | 28,233 | | | Acquisition-related liabilities | 9,043 | | | — | | | Accrued third-party cloud infrastructure expenses | 2,000 | | | 5,922 | | | Accrued reseller commissions | 14,267 | | | 11,512 | | | Accrued advertising and marketing expenses | 7,724 | | | 7,835 | | | Advanced payments from customers | 6,791 | | | 6,097 | | | Accrued taxes | 17,456 | | | 14,499 | | | Operating lease liabilities, current | 9,029 | | | 9,221 | | | Contributions withheld for employee stock purchase plan | 835 | | | 1,198 | | | Income tax payable | 1,804 | | | 3,571 | | | Other accrued expenses | 12,440 | | | 13,114 | | | Total accrued liabilities | $ | 105,290 | | | $ | 101,202 | |
Noncurrent liabilities include $19.1 million and $21.1 million of long term accrued compensation as of June 30, 2026 and December 31, 2025, respectively.
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