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Property and Equipment
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment
5.
Property and Equipment

Property and equipment, net, consisted of the following:

(in millions)

 

June 30,
2025

 

 

December 31,
2024

 

Furniture, equipment and other

 

$

6.1

 

 

$

5.8

 

Leasehold improvements

 

 

1.4

 

 

 

1.4

 

 

 

 

7.5

 

 

 

7.2

 

Less: Accumulated depreciation

 

 

(5.8

)

 

 

(5.4

)

Property and equipment, net

 

$

1.7

 

 

$

1.8

 

Depreciation expense related to property and equipment for the three and six months ended June 30, 2025 was $0.2 million and $0.4 million, respectively. Depreciation expense related to property and equipment for the three and six months ended June 30, 2024 was $0.3 million and $0.5 million, respectively.