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 consist of the following (in thousands):

June 30, 2026December 31, 2025
Facility equipment and other tangible property
$97,587 $83,171 
Purchased and internal-use software and website development
60,624 51,140 
Leasehold improvements30,725 15,925 
Assets not placed in service
246,454 214,283 
Total property, equipment, and software435,390 364,519 
Less: accumulated depreciation and amortization
(71,175)(52,589)
Total property, equipment, and software, net$364,215 $311,930 

Depreciation and amortization expense for property, equipment, and software was $10.7 million and $7.6 million for the three months ended June 30, 2026 and 2025, respectively, and $20.2 million and $13.8 million for the six months ended June 30, 2026 and 2025, respectively.

Impairment expense for property, equipment, and software was $1.1 million for each of the three and six months ended June 30, 2026. There were no impairment charges for property, equipment, and software for the three and six months ended June 30, 2025.