v3.26.1
Commitments and Contingencies
6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

12. Commitments and Contingencies

Contractual Obligations

The Company leases its office facilities under non-cancelable operating leases that expire at various dates through February 2035. Certain leases contain optional termination dates. The table below only includes payments up to the optional termination date. If the Company were to extend leases beyond the optional termination date, the future commitments would increase by approximately $88.4 million.

Future minimum payments under all operating lease agreements as of June 30, 2026 are as follows:
 

 

 

(in thousands)

 

Remainder of 2026

 

$

27,568

 

2027

 

 

50,769

 

2028

 

 

37,634

 

2029

 

 

36,662

 

2030

 

 

35,549

 

Thereafter

 

 

95,627

 

Total

 

$

283,809

 

The Company has entered into certain non-cancelable vendor commitments, which require the future purchase of goods or services. Future minimum payments under all non-cancelable vendor commitments as of June 30, 2026 are as follows:
 

 

 

(in thousands)

 

Remainder of 2026

 

$

148,820

 

2027

 

 

254,154

 

2028

 

 

11,891

 

2029

 

 

1,025

 

2030

 

 

 

Thereafter

 

 

 

Total

 

$

415,890

 

 

The Company also has commitments to contribute capital of $5.3 million to its strategic investments.

Legal Contingencies

From time to time, the Company may become a party to litigation and subject to claims incident to the ordinary course of business, including intellectual property claims, labor and employment claims, and threatened claims, breach of contract claims, tax, and other matters. The Company currently has no material pending or threatened litigation.