XML 29 R15.htm IDEA: XBRL DOCUMENT v3.25.0.1
Capitalized Internal-Use Software, Net
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Capitalized Internal-Use Software, Net Capitalized Internal-Use Software, Net
Capitalized internal-use software, net consisted of the following (in thousands):
December 31,
20242023
Developed software
$59,435 $43,156 
General and administrative software
144 144 
Total capitalized internal-use software
59,579 43,300 
Less: accumulated amortization
(17,778)(10,779)
Total capitalized internal-use software, net
$41,801 $32,521 
Amortization expense of capitalized internal-use software was $7.0 million and $3.6 million for the years ended December 31, 2024 and 2023, respectively. Amortization of developed software and software purchased for internal use are included in cost of revenue and general and administrative expense, respectively, in the Company’s consolidated statements of operations and comprehensive loss for the years ended December 31, 2024 and 2023.
As of December 31, 2024, future amortization expense is expected to be as follows (in thousands):
Year Ending December 31,
2025$10,318 
202610,081 
20279,364 
20287,613 
20293,994 
Thereafter
431 
Total
$41,801 

The Company evaluates capitalized internal-use software for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. During the year ended December 31, 2023, the Company recorded an impairment expense of $0.2 million, related to an in-house operating system initiative that was determined to no longer provide future economic benefits during 2023. The impairment expense is recorded as research and development expense in the Company’s consolidated statements of operations and comprehensive loss. No impairment expense was recorded during the year ended December 31, 2024.