v3.26.1
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net
6.
Property and Equipment, Net
Property and equipment, net of accumulated depreciation and amortization, consisted of the following:

Estimated Useful Life
As of
December 31,
As of
June 30,

2025
2026
(in years)
(in millions)
Computer equipment
3
$
18 
$
21 
Furniture and fixtures
5
5 
5 
Leasehold improvements
2-8
15 
14 
Capitalized internal-use software
2-5
307 
350 
Total property and equipment

345 
389 
Less: Accumulated depreciation and amortization

(127)
(171)
Total property and equipment, net

$
218 
$
218 

Depreciation expense related to the Company’s property and equipment was $2 million and $1 million for the three months ended June 30, 2025 and 2026, respectively, and $4 million and $3 million for the six months ended June 30, 2025 and 2026, respectively. Amortization expense related to the Company’s internal-use software, which is primarily recorded within cost of revenue in the condensed consolidated statements of operations, was $13 million and $25 million for the three months ended June 30, 2025 and 2026, respectively, and $24 million and $47 million for the six months ended June 30, 2025 and 2026, respectively.

For the three months ended June 30, 2025 and 2026, the Company capitalized $25 million and $22 million of internal-use software costs, respectively. For the six months ended June 30, 2025 and 2026, the Company capitalized $51 million and $45 million of internal-use software costs, respectively.
Geographic Information

The following table summarizes the Company’s long-lived assets, consisting of property and equipment and operating lease right-of-use assets, net of accumulated depreciation and amortization, by geographic area:


As of
December 31,
As of
June 30,

2025
2026
(in millions)
United States
$
215 
$
214 
Canada
32 
30 
Other
1 
1 
Total long-lived assets, net
$
248 
$
245 

Long-lived assets attributed to the United States, Canada, and other international geographies are based on the country in which the asset is located.