Commitments and Contingencies

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Data Providers

The Company has commitments with certain data providers expiring at various dates through 2028. As of December 31, 2025, future commitments for data services are as follows:


	As of December 31, 2025
2026	$	16,480
2027	1,138
2028 and thereafter	369
Total	$	17,987

Litigation

From time to time the Company may become involved in legal proceedings or be subject to claims arising in the ordinary course of its business. For example, in October 2025 the Company became party to stockholder class action and derivative complaint regarding the 2025 Repurchase Program and the Company became subject to the Lawsuits described in the Risk Factors. Although the results of litigation and claims cannot be predicted with certainty, the Company currently believes that the ultimate costs to resolve any pending matter will not have a material adverse effect on its business, operating results, financial condition or cash flows. Regardless of the outcome, litigation can have an adverse impact on the Company because of defense and settlement costs, diversion of management resources and other factors.

Indemnification

The Company typically enters into indemnification agreements with customers in the ordinary course of business. Pursuant to these agreements, the Company indemnifies and agrees to reimburse the indemnified party for losses suffered or incurred as a result of claims of intellectual property infringement and from time to time, for a more limited number of customer agreements, there may be broader indemnification obligations for third party claims arising from violations of applicable law, breaches of confidentiality obligations, and other similar obligations. These indemnification agreements are provisions of the applicable customer agreement. Based on when clients first sign an agreement for the Company’s service, the maximum potential amount of future payments the Company could be required to make under certain of these indemnification agreements may be unlimited. Based on historical experience and information known as of December 31, 2025, the Company has not incurred any costs for the above guarantees and indemnities.

In certain circumstances, the Company warrants that its services will perform in all material respects in accordance with its standard published specification documentation in effect at the time of delivery of the services to the customer for the term of the agreement, will not introduce viruses or other malicious code to the customer, and that the services do not infringe third party intellectual property rights. To date, the Company has not incurred significant expense under its warranties and, as a result, the Company believes the estimated fair value of these agreements is immaterial.