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Property and Equipment, Net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consists of (in thousands):
December 31,
2025 2024
Leasehold improvements
$ 38,420  $ 36,467 
Computer equipment
18,996  17,862 
Furniture and fixtures
9,493  8,374 
Computer software
3,177  4,128 
Office equipment
1,060  1,233 
Assets under construction 4,707  630 
Total property and equipment
75,853  68,694 
Less: accumulated depreciation and amortization
(40,158) (35,951)
Total property and equipment, net
$ 35,695  $ 32,743 
Depreciation and amortization expense for the years ended December 31, 2025, 2024, and 2023 was $8.5 million, $7.6 million, and $7.1 million, respectively. As of December 31, 2025 and 2024, the amount of office equipment under finance leases was not material.