v3.26.3
Finance Leases and Equipment Financing Obligations (Tables)
 9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Components of Lease Expense
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 
The components of finance lease and equipment financing obligations expense were as follows:
Three Months EndedNine Months Ended
September 30,September 30,
2026202520262025
Finance leases:
Amortization of finance lease right-of-use assets$28,643 $1,280 $40,582 $3,892 
Interest expense on finance lease liabilities12,176 41 16,973 165 
Equipment financing obligations:
Depreciation of assets under equipment financing obligations7,755 1,323 20,119 1,323 
Interest expense on equipment financing obligations3,024 164 7,347 164 
Total finance lease and equipment financing obligations expense$51,598 $2,808 $85,021 $5,544 
Supplemental Balance Sheet Information
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%
Weighted-average remaining term and discount rate of finance lease liabilities and equipment financing obligations were as follows:
September 30, 2026December 31, 2025
Finance Leases
Weighted-average remaining term (in years)
5.70.9
Weighted-average discount rate7%7%
Equipment Financing Obligations
Weighted-average remaining term (in years)3.93.9
Weighted-average discount rate7%7%
Finance Lease Maturity
Maturities of finance lease liabilities and equipment financing obligations as of September 30, 2026 were as follows:
Finance LeasesEquipment Financing ObligationsTotal
2026$56,696 $13,732 $70,428 
2027192,716 57,309 250,025 
2028191,904 57,198 249,102 
2029191,855 53,364 245,219 
2030145,125 19,613 164,738 
203167,769 11,895 79,664 
Total undiscounted finance lease liabilities and equipment financing obligations
$846,065 $213,111 $1,059,176 
Less: Imputed interest(109,886)(25,691)(135,577)
Total present value of finance lease liabilities and equipment financing obligations
$736,179 $187,420 $923,599 
Less: Finance lease liabilities and equipment financing obligations, current
(159,047)(45,731)(204,778)
Finance lease liabilities and equipment financing obligations, long-term
$577,132 $141,689 $718,821