The following represents the estimated useful lives for property and equipment:
Years
Capitalized software3
Computer equipment
3 – 5
Furniture and fixtures
5
The following table summarizes the Company’s property and equipment (in thousands):
December 31,
20252024
Computer equipment$2,655 $3,545 
Furniture and fixtures1,185 1,774 
Leasehold improvements991 1,977 
Less: accumulated depreciation(3,299)(4,688)
Property and equipment, net1,532 2,608 
Capitalized software56,129 45,549 
Less: accumulated depreciation(32,244)(19,988)
Capitalized software, net23,885 25,561 
Property, equipment, and capitalized software, net$25,417 $28,169 

Historical Timeline

Fiscal YearFiled
2025Feb 25, 2026Showing above
2024Feb 25, 2025
2023Feb 27, 2024

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.