The Company has operating leases for office facilities and data centers. The lease terms of the Company’s operating leases generally range from 1.0 year to 10.0 years. The Company's lease terms include periods under options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The weighted average remaining lease term of leases included in lease liabilities is 3.7 years and 4.2 years as of June 30, 2026 and December 31, 2025, respectively. As of June 30, 2026 and December 31, 2025, a weighted average discount rate of 6.09% and 6.03%, respectively, has been applied to the remaining lease payments to calculate the lease liabilities included within the condensed consolidated balance sheets.

Operating lease expense was $7.1 million and $5.6 million for the three months ended June 30, 2026 and 2025, respectively, and $13.8 million and $10.7 million for the six months ended June 30, 2026 and 2025, respectively. The Company recognized variable lease expense of $1.5 million and $0.9 million for the three months ended June 30, 2026 and 2025, respectively, and $2.8 million and $1.8 million for the six months ended June 30, 2026 and 2025, respectively.

Cash paid for amounts included in lease liabilities was $7.0 million and $5.4 million for the three months ended June 30, 2026 and 2025, respectively, and $13.2 million and $10.3 million for the six months ended June 30, 2026 and 2025, respectively.

The maturity of the Company's lease liabilities associated with leases included in the lease liabilities and right-of-use ("ROU") assets were as follows as of June 30, 2026 (in thousands):


Fiscal Year
Remaining 2026	$	14,366
2027	21,332
2028	14,703
2029	14,427
2030	6,673
Thereafter	2,593
Total lease payments (undiscounted)	74,094
Less: imputed interest	(7,516)
Lease liabilities—total (discounted)	$	66,578

In addition to the lease liabilities included in these consolidated financial statements, the Company entered into agreements for office space and data centers that had not commenced as of June 30, 2026; therefore, the leases were not included in the lease liabilities and ROU assets balance as of June 30, 2026. The Company has future commitments totaling $55.8 million over a weighted average term of 9.2 years related to these agreements, of which $32.8 million relates to one lease that will commence in 2030 over 8.2 years.

In May 2026, the Company initiated an early termination of its existing office lease in Los Angeles California. As a result, the Company remeasured the right of use asset and lease liability, resulting in a decrease of $8.0 million and $7.9 million, respectively, in the consolidated balance sheet as of June 30, 2026.