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Leases
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases
Note 9. Leases
The Company primarily leases facilities for office and data center space under non-cancelable operating leases for its U.S. and international locations. As of December 31, 2025, non-cancelable leases expire on various dates between 2026 and 2029.
Generally, the non-cancelable leases include one or more options to renew, with renewal terms that can extend the lease term from one to six years. The Company has the right to exercise or forego the lease renewal options. The lease agreements do not contain any material residual value guarantees or material restrictive covenants.
As of December 31, 2025 and 2024, the balance sheet components of leases were as follows (in thousands):
December 31, 2025December 31, 2024
Operating lease right-of-use assets$30,855 $46,463 
Accrued liabilities$21,293 $20,445 
Operating lease liabilities14,372 29,733 
Total operating lease liabilities$35,665 $50,178 
The components of operating lease expense were as follows (in thousands):
Twelve Months Ended December 31,
202520242023
Operating lease cost (1)
$28,891 $25,167 $23,315 
Variable lease cost (2)
5,398 4,560 4,412 
Total lease cost$34,289 $29,727 $27,727 
(1)Includes short-term lease costs, which were not material in the years ended December 31, 2025, 2024, and 2023.
(2)Variable lease cost includes common area maintenance, property taxes, utilities and fluctuations in rent due to a change in an index or rate.
As of December 31, 2025, maturities of operating lease liabilities were as follows (in thousands):
Year Ending December 31,
2026$22,737 
20279,578 
20284,652 
2029 onwards831 
Total future minimum lease payments37,798 
Less: Imputed interest(2,133)
Present value of lease liabilities$35,665 
The supplemental cash flow information related to operating leases for the twelve months ended December 31, 2025 and 2024 were as follows (in thousands):
Year ended December 31,
20252024
Operating cash flows resulting from operating leases:
Cash paid for amounts included in the measurement of lease liabilities$26,070 $21,876 
New ROU assets obtained in exchange of lease liabilities:
Operating leases$8,229 $24,966 
Other information related to operating leases were as follows:
December 31, 2025December 31, 2024
Weighted-average remaining operating lease term (years)2.02.6
Weighted-average operating lease discount rate6.3 %6.6 %
The lease for our corporate headquarters located at 20 Davis Drive, Belmont, California, comprising approximately 84,148 rentable square feet, is scheduled to expire on July 31, 2026. The terms of the renewal are currently being negotiated and have not been finalized as of the date of issuance of these financial statements.