Property, Equipment, and Software, Net

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property, equipment, and software, net consist of the following (in thousands):


	June 30, 2024		December 31, 2023
Purchased and internal-use software and website development	$	29,451	$	22,970
Facility equipment and other tangible property	12,915		8,254
Leasehold improvements	8,854		2,256
Assets not placed in service	15,467		14,907
Total property, equipment, and software	66,687		48,387
Less: accumulated depreciation and amortization	(17,147)		(12,244)
Total property, equipment, and software, net	$	49,540	$	36,143

Depreciation and amortization expense for property, equipment, and software was $2.8 million and $1.4 million for the three months ended June 30, 2024 and 2023, respectively. Depreciation and amortization expense for property, equipment, and software was $5.1 million and $2.5 million for the six months ended June 30, 2024 and 2023, respectively.

Impairment charges on property, equipment, and software were less than $0.1 million for the three months ended June 30, 2024. There was no impairment expense for property, equipment, and software for the three months ended June 30, 2023. Impairment charges on property, equipment, and software were $0.1 million and $0.4 million for the six months ended June 30, 2024 and 2023, respectively.