Leases |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Leases [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases | 10. LEASES The Company leases real estate in the form of office space and data center facilities. Generally, at the inception of the contract, the term for real estate leases ranges from 2 to 17 years and the term for equipment leases is 1 to 3 years. Some real estate leases include options to renew that can extend the original term by 3 to 5 years. The components of lease expense for the three and nine months ended September 30, 2026 and 2025 were as follows (in thousands):
During the nine months ended September 30, 2026 and 2025, the Company made cash payments for operating leases of $6.2 million and $6.9 million, respectively. During the three months ended September 30, 2026, the Company did not recognize any operating lease right-of-use assets in exchange for lease liabilities. During the nine months ended September 30, 2026, the Company recognized operating lease right‑of‑use assets in exchange for lease liabilities of $0.2 million. During the three months ended September 30, 2025, the Company obtained operating lease assets in exchange for lease liabilities of $0.3 million. During the nine months ended September 30, 2025, the Company obtained operating lease assets in exchange for lease liabilities of $9.1 million, which includes $8.8 million of operating lease asset in connection with the acquisition of EvolutionIQ. |
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