Fixed assets, net

6 Months Ended

12 Months Ended

Jun. 30, 2025

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

6.	Fixed assets, net

The following table presents our major categories of fixed assets, net (in thousands):


Table 6.1. Details of Fixed Assets, net
	June 30, 2025			December 31, 2024
Computers & equipment	$	5,223		$	4,920
Leasehold improvements		20,107			739
Construction in progress		—			16,204
Other		3,913			1,600

Total fixed assets		29,243			23,463
Less: accumulated depreciation and amortization		(5,439	)		(4,781	)

Total fixed assets, net	$	23,804		$	18,682

Depreciation expense was $

0.6

million and $

0.5

million for the three months ended June 30, 2025 and 2024, respectively, and $

1.0

million and $

0.9

million for the six months ended June 30, 2025 and 2024, respectively, which is included within

Depreciation and amortization expense

on the unaudited Condensed Consolidated Statements of Operations.

7. Fixed assets, net

The following table presents our major categories of Fixed assets, net (in thousands):

Table 7.1. Details of Fixed assets, net


	December 31,			December 31,
	2024			2023
Computers & equipment	$	4,920		$	4,543
Leasehold improvements		739			572
Construction in progress		16,204			—
Other		1,600			1,256

Total Fixed assets		23,463			6,371
Less: Accumulated depreciation and amortization	$	(4,781	)	$	(3,752	)

Total Fixed assets, net	$	18,682		$	2,619

Depreciation expense was $

1.9

million, $

1.8

million, and $

1.0

million for the years ended December 31, 2024, 2023, and 2022, respectively, which is included within Depreciation and amortization expense on the Consolidated Statements of Operations.