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:

	December 31,
(in thousands)	2024	2023
Leasehold improvements	$16,169	$15,998
Furniture and fixtures	9,459	9,460
Computer equipment	4,958	4,091
Construction in progress	308	169
Total property and equipment	30,894	29,718
Less: Accumulated depreciation	(18,230)	(13,786)
Total property and equipment, net	$12,664	$15,932

For the years ended December 31, 2024, 2023 and 2022, depreciation expense was $4.5 million, $4.8 million and $4.6

million, respectively.