v3.26.1
Property, Equipment and Software, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Equipment and Software, Net Property, Equipment and Software, Net
Property, equipment and software, net, consisted of the following:
(in thousands)June 30, 2026December 31, 2025
Charging stations$562,668 $545,655 
Construction in process132,886 101,737 
Software28,555 27,913 
Office equipment, vehicles and other2,245 2,118 
Total property, equipment and software726,354 677,423 
Less: accumulated depreciation and amortization257,073 216,676 
Property, equipment and software, net$469,281 $460,747 
Depreciation, amortization, impairment expense and loss on disposal of property and equipment, net of insurance recoveries, consisted of the following:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
Cost of sales
Depreciation of property and equipment$22,116 $17,527 $41,979 $36,370 
Amortization of capital-build liability(3,274)(3,185)(6,561)(6,073)
General and administrative expenses
Depreciation of property and equipment151 75 349 159 
Amortization of software1,068 1,448 2,178 2,882 
Impairment expense2,225 3,713 5,889 4,616 
(Gain) loss on disposal of property and equipment, net of insurance recoveries710 (394)807 (98)
$22,996 $19,184 $44,641 $37,856 
As of June 30, 2026 and December 31, 2025, property, equipment and software, net, included $286.0 million and $267.7 million of assets pledged as collateral, respectively with $19.0 million and $16.9 million of associated asset retirement obligations, respectively, related to the DOE Loan and Credit Agreement (See Note 8).