Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment, Net

v3.25.4
Property and Equipment, Net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
December 31,
2025 2024
Computer software and hardware equipment $ 56,758  $ 52,208 
Furniture, fixtures and equipment 24,544  24,938 
Less: accumulated depreciation and amortization (57,425) (51,007)
$ 23,877  $ 26,139 
Depreciation expense for property and equipment was $10.0 million, $9.4 million and $8.9 million for the years ended December 31, 2025, 2024 and 2023, respectively.
During the years ended December 31, 2025 and 2024, the Company wrote-off $3.6 million and $6.8 million, respectively, of property and equipment, primarily related to fully depreciated assets, disposed assets, and abandoned construction-in-progress.