v3.25.3
Property, Equipment, and Software, Net
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Equipment, and Software, Net Property, Equipment, and Software, Net
Property, equipment, and software, net consist of the following (in thousands):

September 30, 2025December 31, 2024
Facility equipment and other tangible property$80,049 $27,785 
Purchased and internal-use software and website development45,995 34,100 
Leasehold improvements13,440 10,933 
Assets not placed in service172,576 33,764 
Total property, equipment, and software312,060 106,582 
Less: accumulated depreciation and amortization(44,622)(24,499)
Total property, equipment, and software, net$267,438 $82,083 

The increase in assets not placed in service during the nine months ended September 30, 2025 is primarily related to investments in the Company’s manufacturing and internal fulfillment capabilities.

Depreciation and amortization expense for property, equipment, and software was $8.5 million and $3.5 million for the three months ended September 30, 2025 and 2024, respectively, and $22.3 million and $8.6 million for the nine months ended September 30, 2025 and 2024, respectively.

Impairment charges for property, equipment, and software were not material for the three and nine months ended September 30, 2025 and the nine months ended September 30, 2024. There were no impairment charges for property, equipment, and software for the three months ended September 30, 2024.