| Property, Equipment and Software, Net |
Property, Equipment, and Software, Net Major classes of property, equipment, and software were as follows: | | | | | | | | | | | | | As of June 30, | | As of December 31, | | 2026 | | 2025 | | Capitalized software development costs | $ | 128,930 | | | $ | 122,214 | | | Computer equipment | 3,752 | | | 2,541 | | | Purchased software | 12 | | | 12 | | | Furniture, fixtures and office equipment | 1,090 | | | 1,139 | | | Leasehold improvements | 3,718 | | | 3,868 | | | | | | | Total property, equipment, and software | 137,502 | | | 129,774 | | | Less: Accumulated depreciation | (99,899) | | | (94,705) | | | Total property, equipment, and software, net | $ | 37,603 | | | $ | 35,069 | |
Depreciation recorded in the condensed consolidated statements of operations was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Platform operations | $ | 4,338 | | | $ | 3,541 | | | $ | 9,023 | | | $ | 6,996 | | | Sales and marketing | 130 | | | 79 | | | 226 | | | 153 | | | Technology and development | 510 | | | 717 | | | 984 | | | 1,307 | | | General and administrative | 58 | | | 43 | | | 105 | | | 85 | | | Total | $ | 5,036 | | | $ | 4,380 | | | $ | 10,338 | | | $ | 8,541 | |
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