XML 26 R13.htm IDEA: XBRL DOCUMENT v3.26.1
Property and Equipment
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net consisted of the following as of June 30, 2026 and December 31, 2025:
June 30,December 31,
(in thousands)20262025
Capitalized internal-use software$65,427 $56,690 
Computer and office equipment10,778 11,929 
Furniture and fixtures7,541 7,510 
Leasehold improvements30,611 29,597 
Projects in process27 731 
Total gross property and equipment114,384 106,457 
Less: Accumulated depreciation and amortization(54,287)(44,936)
Property and equipment, net$60,097 $61,521 
Depreciation and amortization expense related to property and equipment was $5.8 million and $4.2 million for the three months ended June 30, 2026 and 2025, respectively. Depreciation and amortization expense related to property and equipment was $11.4 million and $7.6 million for the six months ended June 30, 2026 and 2025, respectively.
Capitalized Internal-Use Software Costs
The following table presents the Company’s capitalized internal-use software, including amortization expense recognized, for the three and six months ended June 30, 2026 and 2025:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
Total capitalized internal-use software costs(1)
$4,635 $4,293 $8,737 $8,340 
Stock-based compensation costs capitalized to internal-use software1,303 1,230 2,206 2,328 
Amortization expense(2)
3,689 2,871 7,137 5,277 
__________
(1) Amounts are inclusive of stock-based compensation costs capitalized to internal-use software as denoted within the table.
(2) Amounts are included within ‘Depreciation and amortization’ on the Condensed Consolidated Statements of Operations.
Geographical Information
The following table presents the Company’s long-lived assets based on geography, which consist of Property and equipment, net and Operating lease right-of-use assets as of June 30, 2026 and December 31, 2025:
June 30,December 31,
(in thousands)20262025
United States$53,546 $53,816 
Rest of world16,449 20,157 
Total long-lived assets$69,995 $73,973