Property and Equipment

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

The following table represents the property and equipment balances:

	September 30, 2025		December 31, 2024
	(In thousands)
Equipment	$	103,020	$	99,728
Furniture and fixtures	4,934		4,809
Leasehold improvements	18,151		17,722
Purchased software and internal-use software development costs	160,348		146,287
Construction in progress	21,845		12,539
Property and equipment, gross	308,298		281,085
Accumulated depreciation and amortization	(188,686)		(168,393)
Total property and equipment, net	$	119,612	$	112,692

Depreciation and amortization expense of property and equipment was $9.0 million and $8.6 million for the three months ended September 30, 2025 and 2024, respectively, and $26.2 million and $25.9 million for the nine months ended September 30, 2025 and 2024, respectively, of which amortization expense related to purchased software and internal-use software development costs was $5.9 million and $5.0 million for the three months ended September 30, 2025 and 2024, respectively, and $16.9 million and $14.2 million for the nine months ended September 30, 2025 and 2024, respectively.

The geographic location of the Company’s property and equipment, net, is based on the physical location in which it is located. The following table summarizes the geographic information for property and equipment, net:

	September 30, 2025		December 31, 2024
	(In thousands)
United States	$	115,528	$	109,534
Rest of world	4,084		3,158
Total property and equipment, net	$	119,612	$	112,692