Property and Equipment, net |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant, and Equipment [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property and Equipment, net | Property and Equipment, net Property and equipment, net consisted of the following as of the dates presented (in thousands):
Depreciation of property and equipment and amortization of internal-use software for the three months ended September 30, 2026 and 2025 was $1.7 million and $1.5 million, respectively. Depreciation of property and equipment and amortization of internal-use software for the nine months ended September 30, 2026 and 2025 was $5.1 million and $4.4 million, respectively. The Company capitalized $11.4 million and $6.6 million in costs related to internal-use software during the nine months ended September 30, 2026 and 2025. During the nine months ended September 30, 2026 and 2025, $1.3 million and $0.7 million, respectively, of stock-based compensation was capitalized to internal-use software. Software developed for internal use is amortized on a straight-line basis over its estimated useful life of five years. As of September 30, 2026 and December 31, 2025, the carrying value of internal-use software was $27.2 million and $20.2 million, respectively. Amortization expense related to internal-use software for the three months ended September 30, 2026 and 2025 was $1.4 million and $1.2 million, respectively. Amortization expense related to internal-use software for the nine months ended September 30, 2026 and 2025 was $4.3 million and $3.5 million, respectively.
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