v3.26.1
Balance Sheet Information
 6 Months Ended
Jun. 30, 2026
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Information Balance Sheet Information
Property and Equipment, Net
Property and equipment, net consisted of the following:
As of June 30, 2026As of December 31, 2025
(in thousands)
Computer and networking equipment$325,069 $278,181 
Leasehold improvements8,174 8,181 
Furniture and fixtures2,663 2,430 
Office equipment1,225 1,232 
Internal-use software159,344 148,419 
Property and equipment, gross$496,475 $438,443 
Accumulated depreciation and amortization(276,121)(251,658)
Property and equipment, net$220,354 $186,785 
Depreciation on property and equipment for the three months ended June 30, 2026 and 2025 was approximately $12.7 million and $15.0 million, respectively. Included in these amounts was amortization expense for capitalized internal-use software costs of approximately $5.9 million and $5.4 million for the three months ended June 30, 2026 and 2025, respectively.
Depreciation on property and equipment for the six months ended June 30, 2026 and 2025 was approximately $24.6 million and $30.1 million, respectively. Included in these amounts was amortization expense for capitalized internal-use software costs of approximately $11.8 million and $11.0 million for the six months ended June 30, 2026 and 2025, respectively.
Other Assets
Other assets consisted of the following:
As of June 30, 2026As of December 31, 2025
(in thousands)
Deferred contract costs, net$42,890 $47,586 
Other assets11,551 10,203 
Total other assets$54,441 $57,789 
During the three months ended June 30, 2026 and 2025, the Company recognized $4.7 million and $4.8 million of amortization related to deferred contract costs, respectively. These costs are recorded within sales and marketing expenses on the accompanying condensed consolidated statements of operations.
During the six months ended June 30, 2026 and 2025, the Company recognized $9.5 million and $9.7 million of amortization related to deferred contract costs, respectively. These costs are recorded within sales and marketing expenses on the accompanying condensed consolidated statements of operations.
Accrued Expenses
Accrued expenses consisted of the following:
As of June 30, 2026As of December 31, 2025
(in thousands)
Accrued compensation and related benefits$28,332 $46,611 
Accrued colocation and bandwidth costs16,619 13,944 
Other tax liabilities
4,568 4,800 
Other accrued expenses
3,418 5,314 
Total accrued expenses$52,937 $70,669