v3.26.1
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, net consisted of the following (in thousands):
June 30,
2026
December 31,
2025
Computers and equipment$69,985 $63,146 
Furniture and fixtures31,311 28,319 
Leasehold improvements112,546 99,009 
Capitalized software development costs420,784 329,117 
Total property and equipment$634,626 $519,591 
Less: accumulated depreciation and amortization(224,992)(181,498)
Total property and equipment, net$409,634 $338,093 
The Company capitalizes costs related to the development of computer software for internal use and is included in capitalized software development costs within property and equipment, net.
Depreciation and amortization expense was approximately $17.8 million and $34.1 million for the three and six months ended June 30, 2026, respectively. Depreciation and amortization expense was approximately $11.1 million and $21.3 million for the three and six months ended June 30, 2025, respectively.