Leases

6 Months Ended

Jun. 30, 2025

Leases [Abstract]

Leases

10. LEASES

The Company leases real estate in the form of office space and data center facilities. Generally, at the inception of the contract, the term for real estate leases ranges from 2 to 17 years and the term for equipment leases is 1 to 3 years. Some real estate leases include options to renew that can extend the original term by 3 to 5 years.

The components of lease expense for the three and six months ended June 30, 2025 and 2024 were as follows (in thousands):

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2025		2024		2025		2024
Operating lease costs	$	1,878	$	1,299	$	3,671	$	2,707
Variable lease costs		1,085		1,093		2,210		2,194
Total lease costs	$	2,963	$	2,392	$	5,881	$	4,901

During the three months ended June 30, 2025 and 2024, the Company made cash payments for operating leases of $2.3 million and $2.0 million, respectively. During the six months ended June 30, 2025 and 2024, the Company made cash payments for operating leases of $4.6 million and $3.8 million, respectively.

During the three months ended June 30, 2025 and 2024 the Company did not obtain any operating lease assets in exchange for lease liabilities. During the six months ended June 30, 2025, in connection with the acquisition of EvolutionIQ, the Company obtained operating lease assets in exchange for lease liabilities of $8.8 million. During the six months ended June 30, 2024, the Company obtained operating lease assets in exchange for lease liabilities of $0.7 million.