Property and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment consisted of the following at December 31, 2025 and December 31, 2024 (in thousands):

	Estimated Useful Life	December 31, 2025		December 31, 2024
Land	N/A	$	51,612	$	51,612
Building and leasehold improvements	3 - 39 years	62,373		52,065
Production equipment	1 - 5 years	228,877		148,922
Computers, equipment and software	3 - 5 years	35,225		34,429
Furniture and office equipment	3 - 5 years	12,226		10,058
Vehicles	5 years	7,568		8,139
Capitalized internal software development costs	3 - 5 years	16,765		15,906
Construction-in-process	N/A	97,574		62,178
Total cost		512,220		383,309
Less: Accumulated depreciation		(181,241)		(135,985)
Property and equipment, net		$	330,979	$	247,324

Construction-in-process included $33.6 million related to the development of our headquarters facility in Scottsdale, Arizona as of both December 31, 2025 and December 31, 2024.

Depreciation and amortization expense related to property and equipment was $57.0 million, $39.4 million and $28.1 million for the years ended December 31, 2025, 2024, and 2023, respectively, of which $33.6 million, $21.4 million and $13.6 million was included in cost of sales for the respective years.