Property and equipment, net as of June 30, 2026 and December 31, 2025 consisted of the following (in thousands):


	June 30, 2026			December 31, 2025
Furniture and equipment	$	40,942		$	36,460
Capitalized software for internal use, acquired by business combination		468,222			467,477
Capitalized software for internal use, developed internally or otherwise purchased		192,017			163,266
Leasehold improvements		1,279			1,284
Total property and equipment		702,460			668,487
Less: accumulated depreciation and amortization		(475,193	)		(417,622	)
Property and equipment, net	$	227,267		$	250,865

Depreciation and amortization expense of property and equipment was approximately $27.5 million and $27.7 million for the three months ended June 30, 2026 and 2025, respectively. Depreciation and amortization expense of property and equipment was approximately $55.3 million for both the six months ended June 30, 2026 and 2025.