Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT, NET

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PROPERTY AND EQUIPMENT, NET
 3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
NOTE 8—PROPERTY AND EQUIPMENT, NET
Property and equipment, net consists of the following:
March 31,
2026		 December 31,
2025
Land and land improvements $ 1,928  1,923 
Building and building improvements 5,932  5,932 
Computer equipment 9,898  9,986 
Leasehold improvements 11,193  11,628 
Purchased software 544  586 
Furniture and fixtures 3,603  3,681 
Total property and equipment 33,098  33,736 
Less: accumulated depreciation (20,664) (20,310)
Total property and equipment, net $ 12,434  $ 13,426 
The aggregate depreciation expense for property and equipment, net is reflected in “Depreciation and amortization” in the Condensed Consolidated Statements of Operations. During the three months ended March 31, 2026 and 2025, depreciation expense was $0.8 million and $1.0 million, respectively. There were no material impairment charges or material write-offs recorded for the three months ended March 31, 2026 and 2025.
Property and equipment, net by region consists of the following:
March 31,
2026		 December 31,
2025
United States $ 8,790  $ 9,246 
Europe, Middle East, and Africa
 3,184  3,425 
All other countries 460  755 
Total property and equipment, net $ 12,434  $ 13,426