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

Property and Equipment, Net (Tables)

v3.25.4
Property and Equipment, Net (Tables)
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment, Net Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, which range from three to ten years.
Estimated useful life (years)
Furniture and fixtures
5 - 10 years
Machinery and equipment
5 - 10 years
Computer equipment and capitalized software
3 - 5 years
Buildings and leasehold improvements Shorter of the lease term or the estimated life of the assets
Property and equipment, net is comprised of the following:
December 31,
2025 2024
Furniture and fixtures
 $ 9,099  $ 5,608 
Machinery and equipment
 3,920  4,686 
Computer equipment and capitalized software
 7,482  7,444 
Leasehold improvements
 40,776  31,230 
Total property and equipment
 61,277  48,968 
Less: accumulated depreciation
 (21,962) (17,706)
Total property and equipment, net
 $ 39,315  $ 31,262 
Depreciation expense consisted of the following:
Year Ended December 31,
2025 2024 2023
Selling expenses
 $ 7,121 $ 5,478 $ 5,264
General and administrative expenses
 1,211 1,072 2,341
Total depreciation expense
 $ 8,332 $ 6,550 $ 7,605