PROPERTY AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2026

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

4. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

	June 30, 2026	December 31, 2025
Computer hardware and software	$ 56,729	$ 53,849
Furniture, fixture, and equipment	6	2,206
Total depreciable property and equipment	56,735	56,055
Less: accumulated depreciation	(44,774)	(42,184)
Depreciable property and equipment, net	11,961	13,871
Assets under development	2,451	443
Property and equipment, net	$ 14,412	$ 14,314

For the three months ended June 30, 2026 and 2025, depreciation expense was $1,643 and $1,587, respectively. For the six months ended June 30, 2026 and 2025, depreciation expense was $3,322 and $3,532, respectively.