Property and equipment, net consisted of the following:

  ​ ​ ​

December 31, 2025

December 31, 2024

Computer hardware and software

$ 53,849

$ 44,079

Furniture, fixture, and equipment

2,206

2,205

Total depreciable property and equipment

56,055

46,284

Less: accumulated depreciation

(42,184)

(35,262)

Depreciable property and equipment, net

13,871

11,022

Assets under development

443

593

Property and equipment, net

$ 14,314

$ 11,615

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Historical Timeline

Fiscal YearFiled
2025Feb 24, 2026Showing above
2024Feb 20, 2025
2023Feb 22, 2024
2022Feb 28, 2023
2021Feb 25, 2022
2020Mar 11, 2021
2019Mar 12, 2020
2015Mar 15, 2016

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.