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Property and Equipment, Net
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Depreciation and amortization expense was $1.3 million and $3.4 million for the three and nine months ended September 30, 2025, respectively, and $1.0 million and $2.8 million for the three and nine months ended September 30, 2024, respectively.

Property and equipment, net, includes the following amounts at September 30, 2025 and December 31, 2024:

(in thousands)Useful LifeSeptember 30, 2025December 31, 2024
Capitalized software development costs5 years25,641 19,728 
Equipment and software
3 to 5 years
3,066 2,934 
Leasehold improvements
3 to 10 years
10,235 10,229 
$38,942 $32,891 
Less: accumulated depreciation and amortization(13,505)(10,816)
Property and equipment, net$25,437 $22,075 
    
For the nine months ended September 30, 2025 and 2024, the Company had non-cash investing activities of $0.7 million and $0.6 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 $0.1 million and $0.2 million for the three and nine months ended September 30, 2025, respectively, and less than $0.1 million and $0.1 million for both the three and nine months ended September 30, 2024.

See Note 15 for information related to a capitalized software development costs impairment.