| Property and Equipment, Net |
Note 6. Property and Equipment, Net Property and equipment, net consists of the following (in thousands):
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|
|
|
|
|
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|
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|
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|
June 30, 2026 |
|
|
December 31, 2025 |
|
|
|
|
|
|
|
|
Computer software and web development |
|
$ |
102,116 |
|
|
$ |
107,539 |
|
Computer equipment |
|
|
9,671 |
|
|
|
12,553 |
|
Leasehold improvements |
|
|
— |
|
|
|
20 |
|
Furniture, fixtures and equipment |
|
|
310 |
|
|
|
470 |
|
Computer software and web development projects in-process |
|
|
241 |
|
|
|
— |
|
Property and equipment, gross |
|
|
112,338 |
|
|
|
120,582 |
|
Less: Accumulated depreciation |
|
|
(106,523 |
) |
|
|
(112,059 |
) |
Total property and equipment, net |
|
$ |
5,815 |
|
|
$ |
8,523 |
|
The Company recorded depreciation expense related to property and equipment in the following expense categories of its unaudited condensed consolidated statements of operations as follows (in thousands):
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|
Three months ended June 30, |
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|
Six months ended June 30, |
|
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue |
|
$ |
1,132 |
|
|
$ |
775 |
|
|
$ |
2,484 |
|
|
$ |
2,333 |
|
|
Enterprise technology and development |
|
|
814 |
|
|
|
1,247 |
|
|
|
1,690 |
|
|
|
2,577 |
|
|
Total depreciation |
|
$ |
1,946 |
|
|
$ |
2,022 |
|
|
$ |
4,174 |
|
|
$ |
4,910 |
|
|
|