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Property and Equipment, net
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment as of June 30, 2026 and December 31, 2025 consist of the following:
Depreciation Period in YearsJune 30,
2026
December 31,
2025
Internally developed software
3 - 5
$76,354 $73,994 
Acquired software36,441 6,441 
Equipment577,540 61,860 
Leasehold improvements
1 - 15
8,120 8,120 
Furniture and fixtures517,206 16,434 
Construction in progress4,846 7,398 
Total property and equipment, cost190,507 174,247 
Less: accumulated depreciation(127,793)(114,916)
Total property and equipment, net$62,714 $59,331 
Depreciation and amortization expense related to property and equipment for the three months ended June 30, 2026 and 2025 was $6,548 and $5,710, respectively, and $13,266 and $11,142 for the six months ended June 30, 2026 and 2025, respectively.
During the three months ended June 30, 2026 and 2025, $2,851 and $4,071, respectively, were capitalized in connection with internally developed software inclusive of $276 and $118 of equity-based compensation, respectively. During the six months ended June 30, 2026 and 2025, $4,611 and $6,244, respectively, were capitalized in connection with internally developed software inclusive of $532 and $323 of equity-based compensation, respectively.
Amortization expense on internally developed software was $2,485 and $3,151 for the three months ended June 30, 2026 and 2025, respectively, and $5,420 and $6,462 for the six months ended June 30, 2026 and 2025, respectively.
During the three and six months ended June 30, 2026 and 2025, the Company recognized no impairment charges related to its property and equipment, net.
Purchases of property and equipment with unpaid costs in accounts payable and accrued liabilities as of June 30, 2026 were $29 and $467, respectively, and $416 and $57 as of June 30, 2025, respectively.