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Leases
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Leases Leases
The Company's lease portfolio consists of real estate and co-location agreements in the United States and internationally. The real estate leases include leases for office space and have remaining lease terms of up to 6.3 years. Certain of these leases contain options that allow the Company to extend or terminate the lease agreement. The Company's co-location leases have remaining lease terms of up to 8.3 years. All of the Company's leases are classified as operating leases.
The components of lease cost related to the Company's operating leases included in the condensed consolidated statements of operations were as follows:
Three Months Ended March 31,
20252024
(in thousands)
Operating lease cost$14,657 $11,863 
Total lease cost$14,657 $11,863 
Variable lease cost and short-term lease cost for the three months ended March 31, 2025 and March 31, 2024 were not material.
As of March 31, 2025, the Company had $51.8 million of total undiscounted future payments under operating leases that have not yet commenced, which were not included on the condensed consolidated balance sheets. These operating leases will commence between April 2025 and July 2026 and have an average lease term of 4.3 years.
As of March 31, 2025, the weighted-average remaining term of the Company’s operating leases was 4.1 years and the weighted-average discount rate used to measure the present value of the operating lease liabilities was 4.8%.
Maturities of the operating lease liabilities as of March 31, 2025 are as follows:
March 31, 2025
(in thousands)
2025 (remaining nine months)$46,648 
202652,460 
202747,970 
202826,506 
202916,575 
Thereafter15,715 
Total lease payments$205,874 
Less: Imputed interest$(18,291)
Total operating lease liabilities$187,583 
Leases Leases
The Company's lease portfolio consists of real estate and co-location agreements in the United States and internationally. The real estate leases include leases for office space and have remaining lease terms of up to 6.3 years. Certain of these leases contain options that allow the Company to extend or terminate the lease agreement. The Company's co-location leases have remaining lease terms of up to 8.3 years. All of the Company's leases are classified as operating leases.
The components of lease cost related to the Company's operating leases included in the condensed consolidated statements of operations were as follows:
Three Months Ended March 31,
20252024
(in thousands)
Operating lease cost$14,657 $11,863 
Total lease cost$14,657 $11,863 
Variable lease cost and short-term lease cost for the three months ended March 31, 2025 and March 31, 2024 were not material.
As of March 31, 2025, the Company had $51.8 million of total undiscounted future payments under operating leases that have not yet commenced, which were not included on the condensed consolidated balance sheets. These operating leases will commence between April 2025 and July 2026 and have an average lease term of 4.3 years.
As of March 31, 2025, the weighted-average remaining term of the Company’s operating leases was 4.1 years and the weighted-average discount rate used to measure the present value of the operating lease liabilities was 4.8%.
Maturities of the operating lease liabilities as of March 31, 2025 are as follows:
March 31, 2025
(in thousands)
2025 (remaining nine months)$46,648 
202652,460 
202747,970 
202826,506 
202916,575 
Thereafter15,715 
Total lease payments$205,874 
Less: Imputed interest$(18,291)
Total operating lease liabilities$187,583