v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment
Note 6. Property and Equipment
Property and equipment are recorded at cost and consist of the following (in thousands):
As of June 30, 2026As of December 31, 2025
Computer equipment and software$23,276 $23,728 
Furniture and fixtures12,025 11,893 
Leasehold improvements61,649 61,456 
Total96,950 97,077 
Less accumulated depreciation(67,771)(65,087)
Property and equipment, net$29,179 $31,990 
We recorded depreciation expense of $2.7 million and $2.3 million for the three months ended June 30, 2026 and 2025, respectively, and $5.0 million and $5.1 million for the six months ended June 30, 2026 and 2025, respectively. During the three and six months ended June 30, 2026, we wrote off $0.9 million and $1.7 million of fully depreciated computer equipment and software, respectively, in accordance with our policy as described in Note 2, Summary of Significant Accounting Policies, included in our Annual Report on Form 10-K for the year ended December 31, 2025.