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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, net consisted of the following:
June 30, 2026December 31, 2025
Leasehold improvements$11,836 $48,651 
Furniture and fixtures1,057 3,788 
Computer equipment1,474 1,685 
Video equipment362 352 
Gross carrying value14,729 54,476 
Less: accumulated depreciation(11,795)(49,972)
Net carrying value$2,934 $4,504 
During the three and six months ended June 30, 2026, the Company wrote off approximately $39.8 million of property and equipment, along with the related accumulated depreciation, the majority of which related to leasehold improvements associated with the Company’s former corporate headquarters, as the related lease contractually expired during the period, at which time the related property and equipment no longer provided future benefit to the Company.
Depreciation totaled $1.1 million and $1.2 million for the three months ended June 30, 2026 and 2025, respectively, and $1.6 million and $2.7 million for the six months ended June 30, 2026 and 2025, respectively, included in depreciation and amortization expense.