v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Lease costs and sublease income
The following table presents information about lease costs and expenses and sublease income for the three and six months ended June 30, 2026 and 2025 (in thousands). The amounts below, with the exception of interest on lease liabilities, are included in cost of net revenue in the accompanying consolidated statements of operations for the periods presented. The interest on lease liabilities is included in interest expense, net in the accompanying consolidated statements of operations for the periods presented.
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operating lease costs $13,912 $10,575 $26,560 $21,299 
Finance lease costs:
Amortization of ROU assets $5,035 $3,722 $10,081 $7,096 
Interest on lease liabilities$730 $677 $1,531 $1,324 
Other lease costs and income:
Variable leases costs (1)
$6,999 $5,849 $14,197 $11,968 
Sublease income$122 $65 $310 $235 
(1)Amounts represent variable costs incurred that were not included in the initial measurement of the lease liability such as common area maintenance and utilities costs associated with leased real estate.
Weighted average remaining lease terms and weighted average discount rates
The following table provides the weighted average remaining lease terms and weighted average discount rates for the Company’s leases as of June 30, 2026 and December 31, 2025:
June 30, 2026December 31, 2025
Weighted average remaining lease term, weighted based on lease liability balances:
Operating leases4.5 years4.8 years
Finance leases2.7 years3.1 years
Weighted average discount rate, weighted based on remaining balance of lease payments:
Operating leases5.0 %5.1 %
Finance leases6.3 %6.4 %
Schedule of operating lease liability maturity
The following table provides the undiscounted amount of future cash flows related to the Company’s operating and finance leases, as well as a reconciliation of such undiscounted cash flows to the amounts included in the Company’s lease liabilities as of June 30, 2026 (in thousands):
Operating LeasesFinance Leases
2026$21,743$11,088
202738,45118,825
202832,20211,551
202923,2546,561
203017,456372
Thereafter16,772—
Total future undiscounted lease payments$149,878$48,397
Less: amount representing interest(17,496)(3,625)
Present value of future lease payments (lease liability)$132,382$44,772
Schedule of finance lease liability maturity
The following table provides the undiscounted amount of future cash flows related to the Company’s operating and finance leases, as well as a reconciliation of such undiscounted cash flows to the amounts included in the Company’s lease liabilities as of June 30, 2026 (in thousands):
Operating LeasesFinance Leases
2026$21,743$11,088
202738,45118,825
202832,20211,551
202923,2546,561
203017,456372
Thereafter16,772—
Total future undiscounted lease payments$149,878$48,397
Less: amount representing interest(17,496)(3,625)
Present value of future lease payments (lease liability)$132,382$44,772
Cash flow and supplemental non-cash information related to our lease liabilities
The following table provides certain cash flow and supplemental non-cash information related to the Company’s lease liabilities for the six months ended June 30, 2026 and 2025, respectively (in thousands):
Six Months Ended June 30,
Cash paid for amounts included in the measurement of lease liabilities:20262025
Operating cash payments for operating leases$23,903 $18,686 
Financing cash payments for finance leases$8,118 $8,346 
Lease liabilities arising from obtaining right-of-use assets:
Operating leases$33,380 $8,611 
Finance leases$3,286 $11,441