Property and Equipment, Net

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and Equipment, Net

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

	March 31,		December 31,
	2026		2025
Leasehold improvements	$	38,958	$	38,420
Computer equipment	17,920		18,996
Furniture and fixtures	8,870		9,493
Computer software	2,971		3,177
Office equipment	918		1,060
Assets under construction	8,851		4,707
Total property and equipment	78,488		75,853
Less: accumulated depreciation and amortization	(39,512)		(40,158)
Total property and equipment, net	$	38,976	$	35,695

Depreciation and amortization expense for the three months ended March 31, 2026 and 2025 was $2.2 million and $1.9 million, respectively. As of March 31, 2026 and December 31, 2025, the amount of office equipment under finance leases was not material.