v3.26.1
INTERNALLY-DEVELOPED SOFTWARE, NET
6 Months Ended
Jun. 30, 2026
INTERNALLY-DEVELOPED SOFTWARE, NET  
INTERNALLY-DEVELOPED SOFTWARE, NET

10.INTERNALLY-DEVELOPED SOFTWARE, NET

Internally-developed software, net consisted of the following:

June 30, 2026

December 31, 2025

Internally-developed software

$

30,244

$

29,085

Software-in-development

2,342

1,971

Less: accumulated amortization

(24,465)

(22,674)

Total internally-developed software, net

$

8,121

$

8,382

The Company capitalized $0.7 million and $1.5 million in internally-developed software during the three and six months ended June 30, 2026, respectively and $0.9 million and $1.1 million in internally-developed software during the three and six months ended June 30, 2025, respectively. Capitalized costs associated with software-in-development are not amortized until the related assets are put into service, and capitalized amounts are presented net of costs related to discontinued projects.

Total amortization expense related to internally-developed software for the three and six months ended June 30, 2026 was $0.9 million and $1.8 million, respectively, and $1.2 million and $2.5 million for the three and six months ended June 30, 2025, respectively.