v3.26.1
Commitments and Contingencies
3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
8.
COMMITMENTS AND CONTINGENCIES

Purchase Obligations

The Company has entered into non-cancelable arrangements with third parties, primarily related to data licenses and cloud computing services. Where applicable, the Company calculates its obligation based on termination fees that can be paid to exit the contract. The data license agreements include committed payments for access to the data and additional payments contingent on the commercialization of such data. For the three months ended March 31, 2026 and 2025, the Company recognized data licensing and cloud computing expenses of $12.0 million and $14.2 million, respectively, related to non-cancelable arrangements.

As of March 31, 2026, future payments under these contractual obligations were as follows (in thousands):

 

4/1/2026 - 12/31/2026

 

36,900

 

2027

 

76,678

 

2028

 

29,517

 

2029

 

24,225

 

2030

 

2,667

 

2031

 

 

Total purchase obligations

 

169,987

 

     Less: Current portion of purchase obligations

 

46,066

 

Total long-term purchase obligations

$

123,921

 

 

Legal Matters

From time to time, the Company may be involved in various legal proceedings, including commercial claims from customers and vendors, potential lawsuits seeking damages and/or injunctive relief, employment disputes, subpoenas, government investigations, regulatory or administrative proceedings, and other types of matters arising from the normal course of business activities. There were no material such matters as of and for the three months ended March 31, 2026 and 2025.