Commitments and Contingencies

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

13. Commitments and Contingencies

As of December 31, 2025, the Company’s material contractual obligations were as follows:


(In thousands)	Total		2026		2027		2028
Contractual obligations (1) (2)
Software licenses (3)	$	40,090	$	17,088	$	16,230	$	6,772
Other contractual obligations		138		138		—		—
Total	$	40,228	$	17,226	$	16,230	$	6,772

(1)

The above table does not reflect possible payments in connection with unrecognized tax benefits of approximately $25.7 million, including $24.3 million recorded as a reduction of long-term deferred tax assets and $1.4 million in long-term income taxes payable as of December 31, 2025.

(2)

For the Company’s lease commitments as of December 31, 2025, refer to Note 10, “Leases.”

(3)

The Company has commitments with various software vendors for agreements generally having terms longer than one year.

Indemnifications

From time to time, the Company indemnifies certain customers as a necessary means of doing business. Indemnification covers customers for losses suffered or incurred by them as a result of any patent, copyright or other IP infringement or any other claim by any third party arising as a result of the applicable agreement with the Company. The Company generally attempts to limit the maximum amount of indemnification that the Company could be required to make under these agreements to the amount of fees received by the Company, however, this may not always be possible. The fair value of the liability as of December 31, 2025 and 2024, respectively, was not material.