v3.26.1
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment for fixed assets are as follows (in thousands):
June 30, 2026December 31, 2025
Computer equipment$3,343 $3,092 
Survey equipment6,104 5,946 
Vehicles2,613 2,483 
Furniture and fixtures2,781 2,754 
Leasehold improvements9,813 9,707 
Software414 466 
Camera equipment
947 947 
Aircraft11,345 8,345 
Aircraft engine & GPS1,535 1,535 
Fixed assets pending lease financing 1
8,617 1,766 
Total:47,512 37,041 
Less: accumulated depreciation(23,707)(22,094)
Property and equipment, net of finance leased assets
$23,805 $14,947 
1Assets acquired which will be re-financed under the Company's finance lease facilities
Depreciation expense for fixed assets for the three and six months ended June 30, 2026 was $0.8 million and $1.6 million, respectively. Depreciation expense for fixed assets for the three and six months ended June 30, 2025 was $0.9 million and $1.9 million, respectively.
Property and equipment for finance leased assets are as follows (in thousands):
June 30, 2026December 31, 2025
Equipment$63,718 $48,483 
Vehicles17,917 14,400 
Total:81,635 62,883 
Less: accumulated amortization on leased assets(33,756)(28,624)
Finance leased assets, net
$47,879 $34,259 
Amortization expense for finance leased assets for the three and six months ended June 30, 2026 was $4.1 million and $8.4 million, respectively. Amortization expense for finance leased assets for the three and six months ended June 30, 2025 was $3.1 million and $6.1 million, respectively.