v3.25.3
Property and Equipment, Net
9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
(5) Property and Equipment, Net
Property and equipment, net are as follows (in thousands):
Useful Life
(years)
September 30,
2025
December 31,
2024
Residence leasehold improvements3$18,844 $19,665 
Internal-use software318,951 17,975 
Corporate office leasehold improvements33,901 3,901 
Furniture, fixtures and equipment51,365 1,292 
Computer equipment31,198 1,136 
Residence vehicles5522 582 
Property and equipment, gross44,781 44,551 
Accumulated depreciation and amortization(34,933)(30,472)
Property and equipment, net$9,848 $14,079 
Components of depreciation and amortization were as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Internal-use software$1,205 $1,228 $3,705 $3,563 
Furniture, fixtures and equipment983 1,396 2,931 3,512 
Residence leasehold improvements147 252 535 828 
Corporate office leasehold improvements120 121 361 362 
Computer equipment13 31 56 140 
Residence vehicles30 36 77 107 
Total depreciation and amortization$2,498 $3,064 $7,665 $8,512 
Depreciation and amortization was recognized within the Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income under the following line items (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Cost of revenue$1,149 $1,676 $3,516 $4,418 
General and administrative401 378 1,182 1,070 
Depreciation and amortization948 1,010 2,967 3,024 
Total depreciation and amortization$2,498 $3,064 $7,665 $8,512