v3.26.1
Operating Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Components of Lease Expense
The components of operating lease expense were as follows:
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Operating lease expense$40,317 $29,851 $74,016 $56,331 
Variable lease expense4,247 2,329 8,348 4,761 
Short-term lease expense— 119 20 185 
Total operating lease expense
$44,564 $32,299 $82,384 $61,277 
The components of finance lease and equipment financing obligations expense were as follows:
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Finance leases:
Amortization of finance lease right-of-use assets$7,476 $1,325 $11,938 $2,612 
Interest expense on finance lease liabilities3,536 53 4,796 124 
Equipment financing obligations:
Depreciation of assets under equipment financing obligations6,712 — 12,347 — 
Interest expense on equipment financing obligations2,258 — 4,323 — 
Total finance lease and equipment financing obligations expense$19,982 $1,378 $33,404 $2,736 
Supplemental Balance Sheet Information
Weighted-average remaining lease term and discount rate were as follows:
June 30, 2026December 31, 2025
Weighted-average remaining lease term (in years)5.83.4
Weighted-average discount rate6%6%
Weighted-average remaining term and discount rate of finance lease liabilities and equipment financing obligations were as follows:
June 30, 2026December 31, 2025
Finance Leases
Weighted-average remaining term (in years)
5.90.9
Weighted-average discount rate6%7%
Equipment Financing Obligations
Weighted-average remaining term (in years)3.93.9
Weighted-average discount rate7%7%
Operating Lease Maturity
Maturities of operating lease liabilities as of June 30, 2026 were as follows:
2027$149,859 
202898,990 
202969,048 
203057,633 
203153,581 
Thereafter143,292 
Total undiscounted operating lease liabilities
572,403 
Less: Imputed interest(93,316)
Total present value of operating lease liabilities
479,087 
Less: Current portion of operating lease liabilities
(126,233)
Operating lease liabilities, long-term
$352,854