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

Property and Equipment

v3.25.4
Property and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net consisted of the following (in thousands):
As of December 31,
  2025 2024
Buildings and building improvements $ 24,459  $ 11,003 
Computer equipment 12,478  9,678 
Furniture, fixtures, and equipment
 65,813  46,096 
Leasehold improvements 12,668  8,627 
Construction in process 8,684  15,979 
Land and land improvements 1,208  978 
125,310  92,361 
Less: accumulated depreciation and amortization (34,212) (21,320)
Total property and equipment, net $ 91,098  $ 71,041 

Depreciation and amortization expense for the years ended December 31, 2025, 2024 and 2023 was $13.2 million, $8.2 million, and $4.4 million, respectively.