Property and Equipment, Net

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

	As of September 30,		As of December 31,
in thousands	2022		2021
Internal-use software	$	42,899	$	29,047
Server equipment	20,388		28,176
Leasehold improvements	86,537		80,301
Computer equipment	25,177		21,470
Land	13,383		13,383
Buildings	61,345		61,346
Furniture and fixtures	3,073		2,857
Software	3,034		3,252
Construction in progress	15,506		10,717
Total property and equipment	$	271,342	$	250,549
Accumulated depreciation and amortization	(69,579)		(58,222)
Property and equipment, net	$	201,763	$	192,327

The Company recognized depreciation and amortization expense related to its property and equipment as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
in thousands	2022		2021		2022		2021
Cost of revenue	$	7,227	$	5,132	$	19,853	$	15,343
Research and development	1,462		864		4,561		2,307
Sales and marketing	2,228		1,508		6,399		4,174
General and administrative	426		343		1,469		897
Total depreciation and amortization expense	$	11,343	$	7,847	$	32,282	$	22,721