The Company incurred data costs of $2,542 and $2,434 for the three months ended March 31, 2025 and 2024, respectively, under certain data licensing agreements. As of March 31, 2025, material capital commitments under certain data licensing agreements were $11,533, shown as follows:

In April 2025, the Company entered into a five-year, non-cancellable cloud services agreement with a third-party provider. The agreement includes a minimum annual purchase commitment of $3.0 million, beginning May 1, 2025. Costs incurred under this agreement are either (i) expensed as infrastructure fees and included in cost of revenue (exclusive of depreciation and amortization) when used in the delivery of our services to customers, or (ii) capitalized as internal-use software costs within intangible assets when consumed in the development or enhancement of the Company’s internal-use software.