The Company leases certain offices, computer equipment and its shared cloud platform facilities under non-cancelable operating leases for varying periods through 2034. While under the Company's lease agreements the Company has options to extend its certain leases, the Company has not included renewal options in determining the lease terms for calculating its lease liabilities, as these options are not reasonably certain of being exercised. Lease expense was $3.6 million and $4.5 million for the three months ended June 30, 2026 and 2025, respectively, and $6.8 million and $8.7 million for the six months ended June 30, 2026 and 2025, respectively.


	Six Months Ended June 30,
	2026		2025

	(in thousands)
Cash payments included in the measurement of lease liabilities	$	6,504	$	6,393
Lease liabilities arising from obtaining right-of-use assets	$	6,558	$	13,334

The weighted average remaining lease term and the weighted average discount rate of the Company's operating leases were as follows:


	(in thousands)
2026 (remaining six months)	$	5,333
2027	14,076
2028	13,871
2029	12,196
2030	6,549
2031 and thereafter	13,597
Total minimum lease payments	65,622
Less: interest	(12,223)
Present value of net minimum lease payments	$	53,399