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Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Right-of-use asset and lease liabilities
The following table presents information about lease costs and expenses and sublease income for the years ended December 31, 2025, 2024 and 2023 (in thousands). The amounts below, with the exception of interest on lease liabilities, are included in cost of net revenue in the accompanying consolidated statements of operations for the periods presented. The interest on lease liabilities is included in interest expense, net in the accompanying consolidated statements of operations for the periods presented.
Year Ended December 31,
202520242023
Operating lease costs $44,940$44,667$38,365
Finance lease costs:
Amortization of ROU assets $15,342$11,100$5,761
Interest on lease liabilities$2,686$2,361$1,058
Other lease costs and income:
Variable leases costs (1)
$24,585$24,127$20,769
Sublease income$798$730$1,427
(1)Amounts represent variable costs incurred that were not included in the initial measurement of the lease liability such as common area maintenance and utilities costs associated with leased real estate.
Weighted average remaining lease terms and discount rates
The following table provides the weighted average remaining lease terms and weighted average discount rates for the Company’s leases as of December 31, 2025 and 2024:
December 31,
20252024
Weighted average remaining lease term, weighted based on lease liability balances:
Operating leases4.8 years5.2 years
Finance leases3.1 years3.1 years
Weighted average discount rate, weighted based on remaining balance of lease payments:
Operating leases5.1 %4.9 %
Finance leases6.4 %6.9 %
Undiscounted amount of future cash flows
The following table provides the undiscounted amount of future cash flows related to the Company's operating and finance leases, as well as a reconciliation of such undiscounted cash flows to the amounts included in the Company’s lease liabilities as of December 31, 2025 (in thousands):
Operating LeasesFinance Leases
2026$35,949$20,473
202729,27118,143
202823,56710,802
202917,3345,816
203012,819186
Thereafter14,654
Total future undiscounted lease payments$133,594$55,420
Less: amount representing interest(17,396)(5,114)
Present value of future lease payments (lease liability)$116,198$50,306
Cash flow and supplemental non-cash information
The following table provides certain cash flow and supplemental non-cash information related to the Company's lease liabilities for the years ended December 31, 2025 and 2024 (in thousands):
Year Ended December 31,
202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash payments for operating leases$36,942$40,392$38,328
Financing cash payments for finance leases$18,478$9,865$6,769
Lease liabilities arising from obtaining right-of-use assets:
Operating leases$37,872$35,871$22,000
Finance leases$31,392$17,871$32,101