As of June 30, 2026 and December 31, 2025, the Company’s allowance for doubtful accounts was $7.9 million and $7.1 million, respectively. Provision for bad debt for the three months ended June 30, 2026 and 2025 was $3.4 million and $4.5 million, respectively, and for the six months ended June 30, 2026 and 2025 was $4.6 million and $7.8 million, respectively. Write-offs of uncollectible accounts receivable for the three months ended June 30, 2026 and 2025 was $1.9 million and $5.5 million, respectively, and for the six months ended June 30, 2026 and 2025 was $3.8 million and $8.7 million, respectively.

Property and equipment, net consisted of the following:


	June 30, 2026		December 31, 2025

	(in thousands)
Property and equipment:
Servers—network infrastructure	$	821,711	$	726,763
Construction in progress	102,720		58,372
Capitalized internal-use software	135,694		109,730
Office and computer equipment	42,071		34,414
Office furniture	8,664		7,816
Software	13,716		9,309
Leasehold improvements	52,719		50,906
Asset retirement obligation	826		826
Gross property and equipment	1,178,121		998,136
Less accumulated depreciation and amortization	(474,912)		(379,445)
Total property and equipment, net	$	703,209	$	618,691

Depreciation and amortization expense on property and equipment for the three months ended June 30, 2026 and 2025 was $51.5 million and $40.1 million, respectively, and for the six months ended June 30, 2026 and 2025 was $100.7 million and $77.2 million, respectively. This includes amortization expense for capitalized internal-use software which totaled $8.7 million and $7.8 million for the three months ended June 30, 2026 and 2025, respectively, and $16.8 million and $15.2 million for the six months ended June 30, 2026 and 2025, respectively.

As of June 30, 2026 and December 31, 2025, the Company's goodwill was $376.2 million and $226.6 million, respectively. During the three months ended June 30, 2026, the Company recorded $143.0 million of goodwill in connection with the acquisition of VoidZero. For further details on this acquisition, refer to Note 13 to these condensed consolidated financial statements. No goodwill impairments were recorded during the six months ended June 30, 2026 and 2025.

Acquired intangible assets, net consisted of the following:


	June 30, 2026
	Gross Carrying Amount		Accumulated Amortization		Net Book Value

	(in thousands)
Developed technology	$	50,542	$	31,510	$	19,032

Customer relationships	43,880		9,417		34,463
Other	4,462		588		3,874
Total acquired intangible assets, net	$	98,884	$	41,515	$	57,369


	December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Book Value

	(in thousands)
Developed technology	$	46,820	$	20,686	$	26,134

Customer relationships	17,380		5,813		11,567
Other	4,462		364		4,098
Total acquired intangible assets, net	$	68,662	$	26,863	$	41,799

During the three months ended June 30, 2026, the Company recorded $26.5 million of customer relationships in connection with the acquisition of VoidZero. Refer to Note 13 to these condensed consolidated financial statements for further details on this acquisition.

Amortization of acquired intangible assets was $7.4 million and $3.7 million for the three months ended June 30, 2026 and 2025, respectively, and $14.7 million and $7.0 million for the six months ended June 30, 2026 and 2025, respectively.

As of June 30, 2026, the estimated future amortization expense of acquired intangible assets was as follows:


	Estimated Amortization
	(in thousands)
Year ending December 31,
2026 (remaining six months)	$	17,649
2027	27,726
2028	7,422
2029	1,896
2030	809
Thereafter	1,867
Total	$	57,369