XML 39 R16.htm IDEA: XBRL DOCUMENT
v3.25.4

PROPERTY AND EQUIPMENT, NET | 12 Months Ended
--- | ---
Dec. 31, 2025
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT, NET | PROPERTY AND EQUIPMENT, NET Property and equipment, net consisted of the following:
|  | Weighted Average Useful Life (in years) |  | As of December 31, 2025 |  | As of December 31, 2024
Computer hardware |  | 4 |  | $ | 154,550 |  |  | $ | 146,966 |
Purchased computer software |  | 4 |  | 94,557 |  |  | 91,630 |
Buildings and land improvements |  | 46 |  | 57,194 |  |  | 57,194 |
Leasehold improvements |  | 6 |  | 44,379 |  |  | 39,278 |
Furniture, fixtures and equipment |  | 7 |  | 42,881 |  |  | 39,585 |
Land |  | n/a |  | 1,339 |  |  | 1,339 |
Construction in progress |  | n/a |  | 52,344 |  |  | 52,264 |
|  |  |  | 447,244 |  |  | 428,256 |
Less: accumulated depreciation and amortization |  |  |  | (244,857) |  |  | (220,589) |
Total |  |  |  | $ | 202,387 |  |  | $ | 207,667 |
Depreciation and amortization expense related to property and equipment was $53.1 million, $59.4 million and $68.2 million during the years ended December 31, 2025, 2024 and 2023, respectively. The Company has assets which generate lease income including subleases of portions of its office space to third parties. The gross amount of such assets was $20.0 million and $10.6 million, and the associated accumulated depreciation was $6.9 million and $4.0 million as of December 31, 2025 and 2024, respectively. Depreciation expense associated with these assets held under operating leases was $1.2 million, $0.8 million and $0.5 million for the year ended December 31, 2025, 2024 and 2023, respectively. The Company owns buildings located in Belarus, which are used in the Company’s normal operations as office space for its employees. On November 17, 2021, the Company acquired an office building in the process of being constructed in Kyiv, Ukraine for $50.1 million. Once completed, the acquired building is intended to be used in the Company’s normal operations as office space for its employees. The office building is classified as construction-in-progress as of December 31, 2025 and, due to Russia’s invasion of Ukraine, it is uncertain when this office building will be available for its intended use. See Note 2 “Impact of the Invasion of Ukraine” for more information regarding the assets in Ukraine. During the year ended December 31, 2022, the Company completed an asset acquisition of software licenses for use in the regular course of business for a purchase price of $66.1 million, which included an upfront payment of $13.3 million and fixed deferred consideration, payable in annual installments, with an acquisition-date fair value of $52.8 million. To estimate fair value, the future payments were discounted to present value using a discount rate based on the estimated borrowing rate of the Company. The weighted average discount rate used to determine the acquisition-date fair value was 5.2%. During the year ended December 31, 2023, this agreement was amended resulting in the derecognition of $20.8 million of software license assets, net of accumulated depreciation, and $21.4 million of deferred consideration liability. As part of the amendment, the Company purchased new software licenses for use in the regular course of business for a purchase price of $26.7 million, which included an upfront payment of $6.8 million and fixed deferred consideration, payable in annual installments, with an acquisition-date fair value of $19.9 million. To estimate fair value, the future payments were discounted to present value using a discount rate based on the estimated borrowing rate of the Company. The weighted average discount rate used to determine the acquisition-date fair value was 5.5%. See Note 18 “Commitments and Contingencies” for more information regarding the deferred consideration.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration