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Property and Equipment
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following (in thousands):
As of
March 31,
As of
December 31,
20252024
(unaudited)
Computer equipment$10,577 $10,309 
Leasehold improvements8,473 8,456 
Furniture and fixtures3,806 3,757 
Capitalized internal-use software costs51,564 46,143 
Computer software111 111 
Total property and equipment74,531 68,776 
Less: accumulated depreciation(42,883)(39,382)
Property and equipment, net$31,648 $29,394 
Our long-lived assets are located in the United States. Depreciation expense totaled $3.6 million and $3.3 million for the three months ended March 31, 2025 and 2024, respectively. Depreciation expense includes the amortization of capitalized internal-use software costs.
There was no impairment of long-lived assets during the three months ended March 31, 2025. During the three months ended March 31, 2024, we impaired $0.7 million of leasehold improvements related to our corporate office space designated for subleasing. Refer to Note 9-Leases for additional details.
We capitalized $5.4 million and $2.7 million of internal-use software costs for the three months ended March 31, 2025 and 2024, respectively. We incurred $2.9 million and $2.4 million of capitalized internal-use software cost amortization expense for the three months ended March 31, 2025 and 2024, respectively.