Leases (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Leases |
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| Schedule of lease cost and other information about leases |
| | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | (in thousands) | | 2026 | | 2025 | | 2026 | | 2025 | Lease cost: | | | | | | | | | | | | | Operating lease cost (1) | | $ | 3,127 | | $ | 3,075 | | $ | 9,376 | | $ | 9,028 | Finance lease cost: | | | | | | | | | | | | | Depreciation of finance lease assets (2) | | | 3,003 | | | 1,639 | | | 6,617 | | | 4,248 | Interest on finance lease liabilities (3) | | | 417 | | | 195 | | | 788 | | | 585 | Short-term lease cost (1) | | | 262 | | | 290 | | | 805 | | | 938 | Sublease income (1) | | | (63) | | | — | | | (63) | | | — | Total lease cost | | $ | 6,746 | | $ | 5,199 | | $ | 17,523 | | $ | 14,799 | | | | | | | | | | | | | | Other information: | | | | | | | | | | | | | Cash paid for amounts included in the measurement of lease liabilities | | | | | | | | | | | | | Operating cash outflows from operating leases | | $ | 3,688 | | $ | 2,987 | | $ | 10,534 | | $ | 9,343 | Operating cash outflows from finance leases | | $ | 372 | | $ | 219 | | $ | 692 | | $ | 430 | Financing cash outflows from finance leases | | $ | 2,653 | | $ | 1,565 | | $ | 5,832 | | $ | 2,944 |
| (1) | Included in Cost of revenue, Sales, marketing and customer support, Product development and General and administrative expenses in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income. |
| (2) | Included in Depreciation and amortization in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income. |
| (3) | Included in Interest expense in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income. |
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| Schedule of weighted-average remaining lease terms and discount rates |
| | | | | | | September 30, | | | 2026 | | 2025 | Weighted-average remaining lease term - operating leases (in years) | | 10.4 | | 10.8 | Weighted-average remaining lease term - finance leases (in years) | | 2.3 | | 2.2 | Weighted-average discount rate - operating leases | | 4.9% | | 4.9% | Weighted-average discount rate - finance leases | | 6.0% | | 6.0% |
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| Schedule of the future operating lease commitment under agreement |
Maturities of lease liabilities as of September 30, 2026 were as follows: | | | | | | | | | September 30, 2026 | (in thousands) | | Operating Leases | | Finance Leases | 2026 (for remaining three months) | | $ | 2,515 | | $ | 5,643 | 2027 | | | 11,276 | | | 12,896 | 2028 | | | 10,945 | | | 8,620 | 2029 | | | 10,772 | | | 3,316 | 2030 | | | 7,186 | | | — | Thereafter | | | 59,976 | | | — | Total lease payments | | | 102,670 | | | 30,475 | Less amount representing interest | | | (22,687) | | | (2,095) | Present value of total lease payments | | $ | 79,983 | | $ | 28,380 |
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| Schedule of maturities of finance lease liabilities |
| | | | | | | | | September 30, 2026 | (in thousands) | | Operating Leases | | Finance Leases | 2026 (for remaining three months) | | $ | 2,515 | | $ | 5,643 | 2027 | | | 11,276 | | | 12,896 | 2028 | | | 10,945 | | | 8,620 | 2029 | | | 10,772 | | | 3,316 | 2030 | | | 7,186 | | | — | Thereafter | | | 59,976 | | | — | Total lease payments | | | 102,670 | | | 30,475 | Less amount representing interest | | | (22,687) | | | (2,095) | Present value of total lease payments | | $ | 79,983 | | $ | 28,380 |
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