Leases (Tables)

6 Months Ended

Jun. 30, 2026

Lease costs included in the measurement of lease obligations and other information related to non-cancelable operating leases were as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Operating lease cost	$	31,991	$	3,930	$	55,641	$	7,856
Short-term lease costs(1)	37,572		22,007		54,586		30,266
Variable lease costs	2,135		—		4,781		—
Total lease costs	$	71,698	$	25,937	$	115,008	$	38,122

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(1)Short-term lease costs on leases with terms of over one month and less than one year.

The weighted-average remaining lease terms and discount rates were as follows:


Other information	June 30, 2026		December 31, 2025
Weighted-average remaining lease term (in years)	5.5		4.7
Weighted-average discount rate	7.2	%	8.6	%

Supplemental cash flow information related to leases was as follows (in thousands):


	Six Months Ended June 30,
	2026		2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	27,904	$	8,355
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	318,429	$	—

Lessee, Operating Lease, Liability, to be Paid, Maturity

As of June 30, 2026, future minimum lease payments of the Company’s operating lease liabilities were due as follows (in thousands):


June 30, 2026	Operating Leases
2026 (remaining 6 months)	$	58,153
2027	132,394
2028	123,660
2029	126,323
2030	123,261
Thereafter	126,513
Total future lease payments	690,304
Less: Imputed interest	(121,477)
Present value of operating lease liabilities	$	568,827