Commitments and Contingencies

6 Months Ended

Jun. 30, 2025

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

Purchase Obligations

The Company has entered into non-cancelable arrangements with third parties, primarily related to data licenses and cloud computing services. Where applicable, the Company calculates its obligation based on termination fees that can be paid to exit the contract. The data license agreements include committed payments for access to the data and additional payments contingent on the commercialization of such data. For the three months ended June 30, 2025 and 2024, the Company recognized data licensing and cloud computing expenses of $9.1 million and $9.8 million, respectively, related to non-cancelable arrangements. For the six months ended June 30, 2025 and 2024, the Company recognized data licensing and cloud computing expenses of $23.3 million and $20.6 million, respectively, related to non-cancelable arrangements.

As of June 30, 2025, future payments under these contractual obligations were as follows (in thousands):


7/1/2025 - 12/31/2025	$	29,264
2026		45,161
2027		33,371
2028		29,517
2029		24,225
2030 and thereafter		2,667
Total purchase obligations		164,205
Less: Current portion of purchase obligations		53,646
Total long-term purchase obligations	$	110,559

Legal Matters

From time to time in the normal course of business, the Company may be subject to various legal matters such as threatened or pending claims or proceedings. There were no material such matters as of and for the three and six months ended June 30, 2025 and 2024.