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Leases | 6 Months Ended
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Jun. 30, 2025
Leases [Abstract] |
Leases | Leases The Company’s operating leases expire between 2027 and 2029 and are primarily for its corporate headquarters in San Mateo, California, as well as additional office space in Columbus, Ohio and Austin, Texas. Certain leases have rent abatement, escalating rent payment provisions, lease renewal options, and tenant allowances. Rent expense is recognized on a straight-line basis over the non-cancelable lease term, except when it is reasonably certain that the renewal option will be exercised. In connection with the Company’s lease agreements, a letter of credit was issued on behalf of the Company for the benefit of the landlord. As of June 30, 2025 the letter of credit was $2.6 million. The letter of credit is secured by certificates of deposit which are included in restricted cash on the condensed consolidated balance sheets. Future minimum lease payments are as follows:
|  | June 30, 2025
Remaining 2025 |  | $ | 7,708 |
2026 |  | 15,850 |
2027 |  | 15,474 |
2028 |  | 6,143 |
2029 |  | 2,990 |
Total undiscounted lease payments |  | 48,165 |
Less: Present value adjustment |  | (4,332) |
Operating lease liabilities |  | $ | 43,833 |
The Company had no finance lease expense during the three and six months ended June 30, 2024 and 2025. The Company’s operating lease expense consists of rent and variable lease payments. Variable lease payments such as common area maintenance and parking fees, were included in operating expenses. Rent expense for the Company’s short-term leases was immaterial during the periods presented. The Company had immaterial sublease income during the three and six months ended June 30, 2025. Operating lease expense was as follows:
|  | Three Months Ended June 30, |  |  |  | Six Months Ended June 30,
|  | 2024 |  | 2025 |  |  |  | 2024 |  | 2025
Rent expense |  | $ | 3,542 |  |  | $ | 3,570 |  |  |  |  | $ | 7,083 |  |  | $ | 7,141 |
Variable lease payments |  | $ | 1,008 |  |  | $ | 974 |  |  |  |  | $ | 1,925 |  |  | $ | 1,935 |
Supplemental cash flow and non-cash information related to the Company’s operating leases was as follows:
|  | Three Months Ended June 30, |  |  |  | Six Months Ended June 30,
|  | 2024 |  | 2025 |  |  |  | 2024 |  | 2025
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 3,589 |  |  | $ | 3,712 |  |  |  |  | $ | 7,259 |  |  | $ | 7,324 |
Supplemental balance sheet information related to the Company’s operating leases was as follows:
|  | December 31, 2024 |  | June 30, 2025 |  |
Weighted-average remaining lease term (in years) |  | 3.60 |  | 3.13 |  |
Weighted-average discount rate |  | 5.22% |  | 5.29% |  |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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