PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment, Net [Abstract]

4. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consist of the following (in thousands):


	September 30, 2025		December 31, 2024
Computer hardware and software, including internal-use software and website development	$	184,948	$	202,005


Furniture and equipment	1,456		4,098


Leasehold improvements	1,158		1,466

	187,562		207,569
Less: accumulated depreciation	(172,768)		(184,025)
Total property and equipment, net	$	14,794	$	23,544

Capitalized costs associated with internal-use software and website development, both developed internally and acquired externally, and depreciation of costs for the same periods associated with internal-use software and website development consist of the following (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Capitalized internal-use software and website development	$	1,797	$	3,505	$	4,744	$	11,465
Depreciation of internal-use software and website development	2,682		2,362		8,841		6,378

Depreciation expense is classified within the corresponding operating expense categories on the consolidated statements of operations as follows (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Cost of goods sold	$	1	$	104	$	90	$	300
Technology	3,607		3,908		11,857		11,355

General and administrative	73		95		240		306
Total depreciation	$	3,681	$	4,107	$	12,187	$	11,961

BED BATH & BEYOND, INC. 10-Q