Property and Equipment, Net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Note 7. Property and Equipment, Net

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

	As of December 31,		As of December 31,
	2022		2021
Buildings	$	2,178	$	2,451
IT Equipment		23,124		20,571
Furniture and fixtures		1,617		1,821
Other equipment		34		38
Total property and equipment	$	26,953	$	24,881
Less: accumulated depreciation		14,072		10,436
Property and equipment, net	$	12,881	$	14,445

Depreciation expense related to property and equipment was $4.8 million, $3.0 million, and $1.6 million for the years ended December 31, 2022, 2021 and 2020, respectively.