v3.26.3
Property and Equipment, Net
 9 Months Ended
Sep. 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):
September 30, 2026December 31, 2025
Internal-use software and website development costs$85,694 $87,842 
Operating lease right-of-use assets22,690 22,690 
Computer equipment5,188 4,805 
Leasehold improvements7,184 7,183 
Office equipment and furniture3,077 3,067 
Assets not yet placed in service9,989 5,172 
Property and equipment133,822 130,759 
Less: Accumulated depreciation and amortization(89,084)(85,662)
Total Property and Equipment, Net$44,738 $45,097 
Depreciation and amortization expense for Property and Equipment, Net for the three months ended September 30, 2026 and 2025 was $3.7 million and $3.2 million, respectively. Depreciation and amortization expense for Property and Equipment, Net for the nine months ended September 30, 2026 and 2025 was $11.5 million and $9.1 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 $4.4 million and $3.2 million for the three months ended September 30, 2026 and 2025, respectively. PMI capitalized internal-use software and website development costs in the amount of $12.2 million and $11.2 million for the nine months ended September 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):
September 30, 2026December 31, 2025
Internal-use software and web site development costs$68,912 $63,353 
Less: accumulated depreciation and amortization(49,381)(41,370)
Total property and equipment, net$19,531 $21,983 
Depreciation expense for the three months ended September 30, 2026 and 2025 was $2.7 million and $2.1 million, respectively. Depreciation expense for the nine months ended September 30, 2026 and 2025 was $8.0 million and $6.1 million, respectively.