Software, Equipment, and Property

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

9. SOFTWARE, EQUIPMENT, AND PROPERTY

Software, equipment, and property as of September 30, 2025 and December 31, 2024 consists of the following (in thousands):


	September 30,			December 31,
	2025			2024
Software, licenses and database	$	301,265		$	275,127
Leasehold improvements		31,328			30,993
Computer equipment		16,076			18,993
Building and land		4,910			4,910
Furniture and other equipment		1,477			1,332
Total software, equipment, and property		355,056			331,355
Less accumulated depreciation and amortization		(187,096	)		(159,276	)
Software, equipment, and property—Net	$	167,960		$	172,079

Depreciation and amortization expense related to software, equipment and property was $17.0 million and $10.4 million for the three months ended September 30, 2025 and 2024, respectively. Depreciation and amortization expense related to software, equipment and property was $44.4 million and $29.5 million for the nine months ended September 30, 2025 and 2024, respectively.