v3.26.3
Property and Equipment, net (Tables)
 9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Schedule of Property and Equipment
Property and equipment consist of the following:
As of
September 30, 2026December 31, 2025
Property and equipment, gross $400,268 $367,558 
Less: Accumulated depreciation and amortization (277,384)(255,737)
Property and equipment, net $122,884 $111,821 
The depreciation and amortization expense, excluding amortization of acquisition-related intangibles, recognized in the unaudited consolidated statements of income was as follows:

Three months ended September 30,Nine months ended September 30,
2026202520262025
Depreciation and amortization expense$12,568 $11,818 $34,691 $32,907 

Internally developed software costs included in property and equipment were as follows:
As of
September 30, 2026December 31, 2025
Cost$66,051 $59,391 
Less: Accumulated amortization(47,579)(39,332)
Internally developed software, net$18,472 $20,059 

The amortization expense on internally developed software recognized in the unaudited consolidated statements of income was as follows:

Three months ended September 30,Nine months ended September 30,
2026202520262025
Amortization expense$3,196 $3,498 $8,247 $8,981