v3.25.4

Commitments and Contingencies | 12 Months Ended
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Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | 12. Commitments and Contingencies Contractual Obligations The Company leases its office facilities under non-cancelable operating leases that expire at various dates through February 2035. Certain leases contain optional termination dates. The table below only includes payments up to the optional termination date. If the Company were to extend leases beyond the optional termination date, the future commitments would increase by approximately $91.8 million. Future minimum payments under all operating lease agreements as of December 31, 2025, are as follows:
|  | (in thousands) |
2026 |  | $ | 56,535 |
2027 |  |  | 50,257 |
2028 |  |  | 37,455 |
2029 |  |  | 37,188 |
2030 |  |  | 36,117 |
Thereafter |  |  | 95,832 |
Total |  | $ | 313,384 |
The Company has entered into certain non-cancelable vendor commitments, which require the future purchase of goods or services. Future minimum payments under all vendor commitments as of December 31, 2025 are as follows:
|  | (in thousands) |
2026 |  | $ | 286,458 |
2027 |  |  | 202,784 |
2028 |  |  | 4,463 |
2029 |  |  | 1,025 |
2030 |  |  | — |
Thereafter |  |  | — |
Total |  | $ | 494,730 |
Legal Contingencies 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. Although the results of litigation and claims cannot be predicted with certainty, the Company currently believes that the final outcome of these ordinary course matters 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.

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