v3.26.3
Leases
 9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Leases
6. Leases
The Company primarily leases facilities for office space under non-cancelable operating leases for its U.S. and international locations. As of September 30, 2026, non-cancelable leases expire on various dates between 2026 and 2043, some of which include options to extend the leases for up to 20 years.
On January 1, 2025, the Company commenced a sublease of a portion of its corporate headquarters to Relay, Inc., a related party (“Relay”). The sublease expires on December 31, 2029 and does not include any option to renew or purchase, nor does it include any residual value guarantees. Effective July 1, 2026, the Company and Relay amended the sublease to expand the subleased space at the previously agreed-upon rates, with the term unchanged. As of September 30, 2026, total future minimum rent payments to the Company under this sublease were $10.9 million.
The components of operating lease expense recorded in the condensed consolidated statements of operations were as follows:
Three months ended September 30,Nine months ended September 30,
2026202520262025
(In thousands)
Operating lease cost$5,750 $5,752 $17,139 $17,200 
Sublease income(669)(545)(1,768)(1,635)
Total net lease cost$5,081 $5,207 $15,371 $15,565 
Other supplemental information related to operating leases were as follows:
Nine months ended September 30,
20262025
Weighted average remaining lease term (in years)16.5217.53
Weighted average discount rate8.75 %8.75 %
Maturities of operating lease liabilities were as follows:
As of September 30,
2026
(In thousands)
2026 (remaining)$5,958 
202723,682 
202823,722 
202924,040 
203024,423 
Thereafter333,341 
Total lease payments435,166 
Less: imputed interest(212,586)
Total lease obligations222,580 
Less: current obligations(4,616)
Long-term lease obligations$217,964