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Property and Equipment, Net
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Depreciation and amortization expense was $3.7 million, $3.8 million, and $3.0 million for the years ended December 31, 2024, 2023, and 2022, respectively.

Property and equipment, net, includes the following amounts at December 31, 2024 and December 31, 2023:

(in thousands)Useful LifeDecember 31, 2024December 31, 2023
Software
2 to 5 years
$198 $920 
Capitalized software development costs
5 years
19,728 12,263 
Computers and equipment3 years2,379 6,359 
Furniture and fixtures5 years357 3,988 
Leasehold improvements
3 to 10 years
10,229 12,312 
$32,891 $35,842 
Less: accumulated depreciation and amortization (10,816)(18,896)
Property and Equipment, net$22,075 $16,946 

For the years ended December 31, 2024, 2023, and 2022, the Company had non-cash investing activities of $0.8 million, $0.8 million, and $0.3 million, respectively, for capitalized stock-based compensation related to capitalized software development costs. Additionally, the Company recognized stock-based compensation expense through the amortization of capitalized stock-based compensation associated with capitalized software development costs of $0.2 million and $0.1 million for the years ended December 31, 2024 and 2023, respectively, and none for the year ended December 31, 2022.