The details of property and equipment, net and related accumulated depreciation, are set forth below:

 

 

 

As of December 31, 2025

 

 

As of December 31, 2024

 

Computer equipment and purchased software

 

$

39,218

 

 

$

30,429

 

Office equipment and furniture

 

 

1,747

 

 

 

1,439

 

Leasehold improvements

 

 

4,880

 

 

 

2,704

 

Property and equipment, gross

 

$

45,845

 

 

$

34,572

 

Less: Accumulated depreciation

 

 

(30,452

)

 

 

(25,716

)

Property and equipment, net

 

$

15,393

 

 

$

8,856

 

 

Historical Timeline

Fiscal YearFiled
2025Feb 25, 2026Showing above
2024Feb 26, 2025
2023Feb 28, 2024
2022Feb 24, 2023
2021Feb 25, 2022

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.