v3.26.1
CASH EQUIVALENTS AND RESTRICTED CASH
 6 Months Ended
Jun. 30, 2026
Cash and Cash Equivalents [Abstract]  
CASH EQUIVALENTS AND RESTRICTED CASH CASH EQUIVALENTS AND RESTRICTED CASH
A reconciliation of Cash and cash equivalents and Restricted cash from the condensed consolidated balance sheets to the condensed consolidated statements of cash flows is as follows (in thousands):
June 30, 2026December 31, 2025
Cash and cash equivalents$86,309 $133,926 
Restricted cash33,766 30,577 
Total$120,075 $164,503 
Cash and Cash Equivalents
Cash and cash equivalents consisted of the following (in thousands):
June 30, 2026December 31, 2025
Cash$47,093 $125,543 
Money market funds39,216 8,383 
Cash and cash equivalents$86,309 $133,926 
Restricted Cash
As of June 30, 2026 and December 31, 2025, Restricted cash primarily consisted of (i) $21.1 million and $18.8 million, respectively, related to funds held but unavailable for immediate use due to contractual restrictions, (ii) $6.7 million as of each such date held by financial institutions to establish standby letters of credit required by the lessors of certain corporate office space that we leased as of such dates, and (iii) $5.0 million as of each such date held by financial institutions to collateralize our credit card programs. The standby letters of credit expire on May 31, 2031, December 31, 2033 and June 30, 2034.