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Property and Equipment, net
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment, net consists of the following ($ in millions):
December 31,
20242023
Computer equipment and software$37.8 $28.6 
Leasehold improvements13.1 13.0 
Furniture and equipment3.6 4.2 
54.5 45.8 
Accumulated depreciation(38.4)(28.4)
Property and equipment, net$16.1 $17.4 
Depreciation expense was $10.7 million, $10.2 million and $6.9 million for the years ended December 31, 2024, 2023 and 2022, respectively, and included in “General and administrative expense” on the consolidated statements of operations and comprehensive loss.
The Company capitalized costs related to the development of internal-use software of $33.0 million and $23.9 million for the years ended December 31, 2024 and 2023, respectively. Capitalized amounts are included as a component of “Property and equipment” under “Computer equipment and software”.