Property and equipment, net consisted of the following:




	June 30, 2026		December 31, 2025
Servers and related equipment	$	1,001,912	$	933,576
Equipment under finance leases	424,446		13,316
Equipment under financing obligations	184,951		131,503
Internal-use software	131,234		121,735
Leasehold improvements	496		412
Furniture and fixtures	361		262
Property and equipment, gross	$	1,743,400	$	1,200,804

Less: accumulated depreciation	$	(599,782)	$	(524,829)
Less: accumulated amortization	(94,286)		(86,881)
Property and equipment, net	$	1,049,332	$	589,094

Depreciation expense on property and equipment was $42,217, and $25,589 for the three months ended June 30, 2026 and 2025, respectively, and $79,221, and $47,348 for the six months ended June 30, 2026 and 2025, respectively.

Capitalized costs related to the development of computer software for internal use were $6,200 and $1,688 for the three months ended June 30, 2026 and 2025, respectively, and $9,681 and $4,287 for the six months ended June 30, 2026 and 2025, respectively, which are included in internal-use software costs within property and equipment, net. Amortization

expense related to internal-use and purchased software was $3,867, and $2,145 for the three months ended June 30, 2026 and 2025, respectively, and $7,400, and $4,399 for the six months ended June 30, 2026 and 2025, respectively.