Property and Equipment, net

6 Months Ended

Jun. 30, 2025

Property, Plant and Equipment [Abstract]

Note 4. Property and Equipment, net

Property and equipment, net as of June 30, 2025 and December 31, 2024 consisted of the following (in thousands):


	June 30, 2025			December 31, 2024
Furniture and equipment	$	31,954		$	32,054
Capitalized software for internal use, acquired by business combination		491,372			490,346
Capitalized software for internal use, developed internally or otherwise purchased		143,804			125,973
Leasehold improvements		2,787			3,007
Total property and equipment		669,917			651,380
Less: accumulated depreciation and amortization		(394,282	)		(343,841	)
Property and equipment, net	$	275,635		$	307,539

Depreciation and amortization expense of property and equipment was approximately $27.7 million and $15.7 million for the three months ended June 30, 2025 and 2024, respectively. Depreciation and amortization expense of property and equipment was approximately $55.3 million and $31.3 million for the six months ended June 30, 2025 and 2024, respectively.