The Company primarily leases facilities for office and data center space under non-cancelable operating leases for its U.S. and international locations. As of March 31, 2026, non-cancelable leases expire on various dates between 2026 and 2029.

Generally, the non-cancelable leases include one or more options to renew, with renewal terms that can extend the lease term from one to six years. The Company has the right to exercise or forego the lease renewal options. The lease agreements do not contain any material residual value guarantees or material restrictive covenants.

We recognized incremental right of use assets and liabilities of $15.8 million, based on the estimated fair market rent for our corporate headquarters located at 20 Davis Drive, Belmont, California, comprising approximately 84,148 rentable square feet, extending the lease till July 31, 2031.

As of March 31, 2026 and December 31, 2025, the balance sheet components of leases were as follows (in thousands):


	March 31, 2026		December 31, 2025
Operating lease right-of-use assets	$	43,815	$	30,855

Accrued liabilities	21,903		21,293
Operating lease liabilities	26,602		14,372
Total operating lease liabilities	$	48,505	$	35,665

As of March 31, 2026, maturities of operating lease liabilities were as follows (in thousands):


2026 (remaining)	$	19,216
2027	14,748
2028	8,407
2029	4,502
2030	3,671
2031 onwards	2,141
Total future minimum lease payments	52,685
Less: Imputed interest	(4,180)
Present value of lease liabilities	$	48,505

The supplemental cash flow information related to operating leases for the three months ended March 31, 2026 and 2025 were as follows (in thousands):


	Three Months Ended March 31,
	2026		2025
Operating cash flows resulting from operating leases:
Cash paid for amounts included in the measurement of lease liabilities	$	6,976	$	6,170

New ROU assets obtained in exchange of lease liabilities:
Operating leases	$	19,684	$	61


	March 31, 2026		December 31, 2025
Weighted-average remaining operating lease term (years)	3.1		2.0
Weighted-average operating lease discount rate	5.9	%	6.3	%