v3.26.3
Balance Sheet Information
9 Months Ended
Sep. 30, 2026
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Information Balance Sheet Information
Property and Equipment, Net
Property and equipment, net consisted of the following:
As of September 30, 2026As of December 31, 2025
(in thousands)
Computer and networking equipment$331,799 $278,181 
Leasehold improvements8,174 8,181 
Furniture and fixtures2,763 2,430 
Office equipment1,225 1,232 
Internal-use software157,602 148,419 
Property and equipment, gross$501,563 $438,443 
Accumulated depreciation and amortization(278,205)(251,658)
Property and equipment, net$223,358 $186,785 
During the three and nine months ended September 30, 2026, the Company recognized an impairment charge of $1.0 million related to equipment that the Company does not plan to use and therefore abandoned. The Company did not recognize any material impairment for either of the three and nine months ended September 30, 2025.
Depreciation on property and equipment for the three months ended September 30, 2026 and 2025 was approximately $14.0 million and $15.6 million, respectively. Included in these amounts was amortization expense for capitalized internal-use software costs of approximately $6.3 million and $5.8 million for the three months ended September 30, 2026 and 2025, respectively.
Depreciation on property and equipment for the nine months ended September 30, 2026 and 2025 was approximately $38.6 million and $45.8 million, respectively. Included in these amounts was amortization expense for capitalized internal-use
software costs of approximately $18.1 million and $16.8 million for the nine months ended September 30, 2026 and 2025, respectively.
Other Assets
Other assets consisted of the following:
As of September 30, 2026As of December 31, 2025
(in thousands)
Deferred contract costs, net$40,862 $47,586 
Other assets11,519 10,203 
Total other assets$52,381 $57,789 
During the three months ended September 30, 2026 and 2025, the Company recognized $4.8 million and $4.9 million of amortization related to deferred contract costs, respectively. These costs are recorded within sales and marketing expenses on the accompanying condensed consolidated statements of operations.
During the nine months ended September 30, 2026 and 2025, the Company recognized $14.3 million and $14.6 million of amortization related to deferred contract costs, respectively. These costs are recorded within sales and marketing expenses on the accompanying condensed consolidated statements of operations.
Accrued Expenses
Accrued expenses consisted of the following:
As of September 30, 2026As of December 31, 2025
(in thousands)
Accrued compensation and related benefits$42,513 $46,611 
Accrued colocation and bandwidth costs13,702 13,944 
Other tax liabilities
3,212 4,800 
Other accrued expenses
3,453 5,314 
Total accrued expenses$62,880 $70,669