v3.26.3
Software Development, Property and Equipment and Long-Lived Assets (Tables)
9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Summary of Components of Software Development and Property and Equipment

Software development and property and equipment consist of the following as of September 30, 2026 and December 31, 2025 (in thousands):

 

 

 

 

September 30,

 

 

December 31,

 

 

Useful Life

 

2026

 

 

2025

 

Technology hardware

3 years

 

$

5,829

 

 

$

4,049

 

Manufacturing equipment

2 - 10 years

 

 

8,676

 

 

 

6,713

 

Capitalized software development

3 years

 

 

132,065

 

 

 

90,051

 

Leasehold improvements

Shorter of useful life or lease term

 

 

1,512

 

 

 

1,287

 

Furniture and fixtures

7 years

 

 

2,324

 

 

 

3,468

 

Total

 

 

 

150,406

 

 

 

105,568

 

Less accumulated depreciation

 

 

 

(58,618

)

 

 

(44,937

)

Software development and property and equipment, net

 

 

$

91,788

 

 

$

60,631

 

 

Summary of Depreciation and Amortization Expense

Depreciation and amortization expense for the three and nine months ended September 30, 2026 and 2025 was as follows (in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cost of revenue

$

179

 

 

$

184

 

 

$

538

 

 

$

550

 

Sales and marketing

 

14

 

 

 

29

 

 

 

53

 

 

 

75

 

Operations and support

 

76

 

 

 

46

 

 

 

145

 

 

 

129

 

Product development

 

4,980

 

 

 

3,693

 

 

 

13,213

 

 

 

9,770

 

General and administrative

 

62

 

 

 

155

 

 

 

522

 

 

 

539

 

Total depreciation and amortization expense

$

5,311

 

 

$

4,107

 

 

$

14,471

 

 

$

11,063