The Company has operating leases for corporate offices and data centers (“colocation” leases). The Company’s operating leases have remaining lease terms ranging from less than 1 year to 8 years, some of which include options to extend the leases. The Company also subleases a portion of its corporate office space. The Company’s sublease has a remaining lease term of 4 years.


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
	(in thousands)
Operating lease cost	$	8,139	$	6,719	$	15,532	$	13,301
Variable lease cost	6,021		5,154		11,397		10,127
Total operating lease costs	$	14,160	$	11,873	$	26,929	$	23,428

The short-term lease costs were not material for either of the three and six months ended June 30, 2026 and 2025. The Company did not recognize any material impairment charges on its operating lease right-of-use assets for either of the three and six months ended June 30, 2026 or 2025.


	As of June 30, 2026		As of December 31, 2025
Weighted Average Remaining Lease Term (in years)	4.08		4.39
Weighted Average Discount Rate	7.13	%	7.16	%

Future minimum lease payments under non-cancellable operating leases as of June 30, 2026 were as follows:


	(in thousands)
Remaining 2026	$	22,150
2027	35,776
2028	19,494
2029	8,744
2030	5,152
Thereafter	15,288
Total future minimum lease payments	$	106,604
Less: imputed interest	(12,738)
Present value of operating lease liabilities	$	93,866

As of June 30, 2026, the Company has undiscounted commitments of $19.5 million for operating leases that have not yet commenced, and therefore are not included in the right-of-use asset or operating lease liability. These operating leases will commence in subsequent quarters of 2026 with lease terms of up to 5 years.