v3.26.1
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Entity Information [Line Items]  
Property and Equipment, Net Property and Equipment, Net
Property and Equipment consists of the following at the dates presented (in thousands):
June 30, 2026December 31, 2025
Internal-use software and website development costs$81,621 $87,842 
Operating lease right-of-use assets22,690 22,690 
Computer equipment5,373 4,805 
Leasehold improvements7,184 7,183 
Office equipment and furniture3,077 3,067 
Assets not yet placed in service9,654 5,172 
Property and equipment129,599 130,759 
Less: Accumulated depreciation and amortization(85,183)(85,662)
Total Property and Equipment, Net$44,416 $45,097 
Depreciation and amortization expense for Property and Equipment, Net for the three months ended June 30, 2026 and 2025 was $3.6 million and $3.0 million, respectively. Depreciation and amortization expense for Property and Equipment, Net for the six months ended June 30, 2026 and 2025 was $7.9 million and $6.0 million, respectively. These charges are included in Origination and Servicing and General and Administrative expenses on the condensed consolidated statements of operations. PMI capitalized internal-use software and website development costs in the amount of $4.1 million and $3.9 million for the three months ended June 30, 2026 and 2025, respectively. PMI capitalized internal-use software and website development costs in the amount of $7.8 million and $7.9 million for the six months ended June 30, 2026 and 2025, respectively. Additionally, disclosures around the operating lease right-of-use assets are included in Note 16, Leases.
Prosper Funding LLC  
Entity Information [Line Items]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment consist of the following as of the dates presented (in thousands):
June 30, 2026December 31, 2025
Internal-use software and web site development costs$66,188 $63,353 
Less: accumulated depreciation and amortization(46,672)(41,370)
Total property and equipment, net$19,516 $21,983 
Depreciation expense for the three months ended June 30, 2026 and 2025 was $2.6 million and $1.9 million, respectively. Depreciation expense for the six months ended June 30, 2026 and 2025 was $5.3 million and $4.0 million, respectively.