v3.26.3
Operating Leases
 9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Operating Leases Operating Leases
The Company leases co-location space at data center facilities and, to a lesser extent, corporate offices, all of which are classified as operating leases. Operating leases generally have an initial lease term ranging from two to thirteen years, which includes any option to renew or terminate the lease when it is reasonably certain that the option will be exercised.
The components of operating lease expense were as follows:
Three Months EndedNine Months Ended
September 30,September 30,
2026202520262025
Operating lease expense$44,940 $29,942 $118,956 $86,273 
Variable lease expense7,433 2,810 15,781 7,571 
Short-term lease expense— 87 20 272 
Total operating lease expense
$52,373 $32,839 $134,757 $94,116 
Weighted-average remaining lease term and discount rate were as follows:
September 30, 2026December 31, 2025
Weighted-average remaining lease term (in years)6.93.4
Weighted-average discount rate6%6%
Maturities of operating lease liabilities as of September 30, 2026 were as follows:
2026$53,189 
2027163,201 
2028106,520 
202990,512 
203081,690 
203180,985 
Thereafter252,128 
Total undiscounted operating lease liabilities
828,225 
Less: Imputed interest(161,614)
Total present value of operating lease liabilities
666,611 
Less: Current portion of operating lease liabilities
(147,078)
Operating lease liabilities, long-term
$519,533 
As of September 30, 2026, the Company had $2,955,158 of estimated undiscounted fixed payment obligations primarily for leases of co-location space at data center facilities that have not yet commenced and were not included in the condensed consolidated balance sheets. These leases are scheduled to commence between November 2026 and June 2028, and have a weighted-average lease term of 11.1 years.
Operating Leases Operating Leases
The Company leases co-location space at data center facilities and, to a lesser extent, corporate offices, all of which are classified as operating leases. Operating leases generally have an initial lease term ranging from two to thirteen years, which includes any option to renew or terminate the lease when it is reasonably certain that the option will be exercised.
The components of operating lease expense were as follows:
Three Months EndedNine Months Ended
September 30,September 30,
2026202520262025
Operating lease expense$44,940 $29,942 $118,956 $86,273 
Variable lease expense7,433 2,810 15,781 7,571 
Short-term lease expense— 87 20 272 
Total operating lease expense
$52,373 $32,839 $134,757 $94,116 
Weighted-average remaining lease term and discount rate were as follows:
September 30, 2026December 31, 2025
Weighted-average remaining lease term (in years)6.93.4
Weighted-average discount rate6%6%
Maturities of operating lease liabilities as of September 30, 2026 were as follows:
2026$53,189 
2027163,201 
2028106,520 
202990,512 
203081,690 
203180,985 
Thereafter252,128 
Total undiscounted operating lease liabilities
828,225 
Less: Imputed interest(161,614)
Total present value of operating lease liabilities
666,611 
Less: Current portion of operating lease liabilities
(147,078)
Operating lease liabilities, long-term
$519,533 
As of September 30, 2026, the Company had $2,955,158 of estimated undiscounted fixed payment obligations primarily for leases of co-location space at data center facilities that have not yet commenced and were not included in the condensed consolidated balance sheets. These leases are scheduled to commence between November 2026 and June 2028, and have a weighted-average lease term of 11.1 years.