As of December 31,

 
  

2025

  

2024

 

Data processing and telephone equipment

 $1,484  $871 

Software

  1,848   1,848 

Furniture and fixtures

  4,060   3,468 

Leasehold improvements

  8,725   6,106 

Other

  9,236   7,576 

Total cost

  25,353   19,869 

Less accumulated depreciation

  (12,764)  (9,350)

Property, net

 $12,589  $10,519 

Historical Timeline

Fiscal YearFiled
2025Mar 12, 2026Showing above
2024Mar 13, 2025
2023Mar 4, 2024
2022Mar 15, 2023
2021Mar 15, 2022
2020Mar 31, 2021
2019Mar 30, 2020
2018Mar 27, 2019
2017Apr 2, 2018
2016Mar 31, 2017
2015Mar 30, 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.