Annual report [Section 13 and 15(d), not S-K Item 405]

PROPERTY AND EQUIPMENT, NET

v3.26.1
PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
NOTE 9—PROPERTY AND EQUIPMENT, NET
Property and equipment, net consists of the following:
December 31,
2025		 December 31,
2024
Land and land improvements $ 1,923  $ 1,680 
Building and building improvements 5,932  5,890 
Computer equipment 9,986  9,288 
Leasehold improvements 11,628  10,964 
Purchased software 586  704 
Furniture and fixtures 3,681  3,812 
Total property and equipment 33,736  32,338 
Less: accumulated depreciation (20,310) (16,220)
Total property and equipment, net $ 13,426  $ 16,118 
The aggregate depreciation expense for property and equipment, net is reflected in “Depreciation and amortization” in the Consolidated Statements of Operations. During the years ended December 31, 2025 and 2024, depreciation expense was $3.9 million and $4.9 million, respectively. There were no impairment charges or material write-offs were for the year ended December 31, 2025, and there was $0.4 million recorded for the year ended December 31, 2024.
Property and equipment, net by region consists of the following:
December 31,
2025		 December 31,
2024
United States $ 9,246  $ 10,947 
Europe, Middle East, and Africa
 3,425  4,059 
All other regions and countries 755  1,112 
Total property and equipment, net $ 13,426  $ 16,118