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 net, which is included in other assets in the condensed consolidated balance sheets, was $7.9 million and $6.7 million as of June 30, 2026 and December 31, 2025, respectively.
During the three and six months ended June 30, 2026, the Company capitalized approximately $819 thousand and $1.7 million of costs related to software, respectively. Depreciation expense on property and equipment was $363 thousand and $570 thousand for the three and six months ended June 30, 2026, respectively, and $230 thousand and $296 thousand for the three and six months ended June 30, 2025, respectively. No impairment losses were recognized during the periods presented.