v3.26.1
Commitments and Contingencies
 6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Leases
Effective October 1, 2025, we executed the sixth amendment to our lease agreement (the "Amendment") for our current headquarters located in Minneapolis, Minnesota where we lease approximately 198,000 square feet. The Amendment extends the lease term to end in July 2043 and provides approximately $33 million of lease incentives, which were included in the initial measurement of the operating lease right-of-use asset. The Company expects to utilize approximately $18 million of these lease incentives during the year ending December 31, 2027, with the remaining balance to be utilized thereafter.
The components of lease expense were as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2026202520262025
Operating lease cost$830 $1,294 $1,594 $2,215 
Variable lease cost1,076 934 1,971 1,816 
$1,906 $2,228 $3,565 $4,031 
Supplemental cash flow information related to leases was as follows:
Six Months Ended
June 30,
(in thousands)20262025
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases$2,375 $3,124 
Right-of-use assets obtained in exchange for operating lease liabilities1,849 1,092 
Supplemental balance sheet information related to operating leases was as follows:
June 30,
2026		December 31, 2025
Weighted-average remaining lease term10.9 years11.0 years
Weighted-average discount rate5.9 %6.0 %
Future minimum lease payments under operating leases are presented net of lease incentives deemed payable at lease commencement. At June 30, 2026, our future minimum payments under operating leases were as follows:
(in thousands)
Remainder of 2026$2,230 
2027(16,584)
20281,607 
20293,164 
20303,139 
Thereafter30,149 
Total future gross payments23,705 
Less: imputed interest(17,399)
Total operating lease liabilities$6,306 
Purchase Commitments
We have entered into separate noncancelable agreements with computing infrastructure, productivity software, customer relationship management, and performance and security data analytics vendors for services through 2030. At June 30, 2026, our remaining purchase commitments and estimated purchase timing were as follows:
(in thousands)
Remainder of 2026$4,791 
202718,936 
202819,930 
202918,089 
203087 
Total estimated future purchases$61,833