Property and Equipment, Net |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Property and Equipment, Net | Property and Equipment, Net The following summarizes our property and equipment (in thousands):
The Company capitalized $6.9 million and $13.5 million for the three and six months ended June 30, 2026, respectively, and $9.1 million and $17.0 million for the three and six months ended June 30, 2025, respectively, of internal-use software development costs. The net book value of capitalized internal-use software development costs was $79.7 million and $77.8 million as of June 30, 2026 and December 31, 2025, respectively. Depreciation expense related to property and equipment was $6.3 million and $12.6 million for the three and six months ended June 30, 2026, respectively, and $6.4 million and $13.6 million for the three and six months ended June 30, 2025, respectively, of which amortization expense related to capitalized internal-use software development costs was $5.8 million and $11.6 million for the three and six months ended June 30, 2026, respectively, and $5.6 million and $11.9 million for the three and six months ended June 30, 2025, respectively.
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