Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases

Schedule of operating and finance lease right-of-use assets and related lease obligations

		December 31,		December 31,
Leases	Classification	2025		2024
Assets		(in thousands)
Operating leases	Operating lease assets	$	28,927	$	29,621
Finance lease	Finance lease assets*		14,154		15,346
Total leased assets		$	43,081	$	44,967
Liabilities
Current
Operating	Other current liabilities	$	4,859	$	4,470
Finance	Current portion of finance lease obligation		1,575		1,345
Non-current
Operating	Other long-term liabilities		24,613		25,321
Finance	Finance lease obligation		40,754		42,329
Total lease liabilities		$	71,801	$	73,465
*Finance lease assets are recorded net of accumulated depreciation of $47.7 million and include $0.5 million of prepaid financing costs as of December 31, 2025. Finance lease assets are recorded net of accumulated depreciation of $47.4 million and include $0.5 million of prepaid financing costs as of December 31, 2024.

Schedule of lease costs

		Year ended
		December 31,
Lease cost	Classification	2025		2024		2023
Operating lease cost
Product / services*	Cost of revenue	$	6,471	$	6,898	$	7,297
Research and development	Operating expenses		636		622		587
Sales and marketing*	Operating expenses		1,833		1,817		1,674
General and administrative*	Operating expenses		1,095		991		1,111
Total operating lease cost		$	10,035	$	10,328	$	10,669
Finance lease cost
Depreciation of leased assets	Cost of revenue, Research and development, Sales and marketing and General and administrative	$	1,193	$	1,285	$	1,310
Interest on lease liabilities	Interest expense		4,573		4,727		4,874
Total finance lease cost		$	5,766	$	6,012	$	6,184
Total lease cost		$	15,801	$	16,340	$	16,853
* Product / services, sales and marketing and general and administrative expense also includes short-term lease and variable lease costs of approximately $1.8 million, $2.1 million and $2.1 million for the years ended December 31, 2025, 2024 and 2023, respectively.

Schedule of future minimum operating and finance leases

	Finance		Operating		Total
Maturity of Lease Liabilities	Leases		Leases		Leases
	(in thousands)
2026	$	6,008	$	6,330	$	12,338
2027		6,128		4,433		10,561
2028		6,251		3,110		9,361
2029		6,376		2,649		9,025
2030		6,503		2,654		9,157
Thereafter		42,456		20,217		62,673
Total lease payments	$	73,722	$	39,393	$	113,115
Less interest portion*		(31,393)		(9,921)		(41,314)
Finance lease and operating lease obligations	$	42,329	$	29,472	$	71,801
* Finance lease interest calculated using the implied interest rate; operating lease interest calculated using estimated corporate borrowing rate.

Schedule of weighted-average remaining lease term and discount rates

	December 31,
Lease term and discount rate	2025
Weighted-average remaining lease term (years):
Operating leases		10.3
Finance leases		11.1
Weighted-average discount rate:
Operating leases		5.3%
Finance leases		10.5%

Schedule of cash outflows by lease type

	Year ended December 31,
Cash paid for amounts included in the measurement of lease liabilities	2025		2024		2023
	(in thousands)
Operating cash outflows from operating leases	$	10,035	$	10,328	$	10,669
Operating cash outflows from finance leases		4,573		4,727		4,874
Financing cash outflows from finance leases		1,357		1,525		1,240
Operating lease assets obtained in exchange for operating lease liabilities		4,640		5,324		26,890
Finance lease assets obtained in exchange for new finance lease liabilities		—		—		—