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Commitments and Contingencies | 6 Months Ended
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Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | Commitments and Contingencies Leases Effective October 1, 2025, we executed the sixth amendment to our lease agreement (the "Amendment") for our current headquarters located in Minneapolis, Minnesota where we lease approximately 198,000 square feet. The Amendment extends the lease term to end in July 2043 and provides approximately $33 million of lease incentives, which were included in the initial measurement of the operating lease right-of-use asset. The Company expects to utilize approximately $18 million of these lease incentives during the year ending December 31, 2027, with the remaining balance to be utilized thereafter. The components of lease expense were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2026 |  | 2025 |  | 2026 |  | 2025
Operating lease cost | $ | 830 |  |  | $ | 1,294 |  |  | $ | 1,594 |  |  | $ | 2,215 |
Variable lease cost | 1,076 |  |  | 934 |  |  | 1,971 |  |  | 1,816 |
| $ | 1,906 |  |  | $ | 2,228 |  |  | $ | 3,565 |  |  | $ | 4,031 |
Supplemental cash flow information related to leases was as follows:
| Six Months Ended June 30,
(in thousands) | 2026 |  | 2025
Cash paid for amounts included in the measurement of lease liabilities |  |  |
Operating cash outflows from operating leases | $ | 2,375 |  |  | $ | 3,124 |
Right-of-use assets obtained in exchange for operating lease liabilities | 1,849 |  |  | 1,092 |
Supplemental balance sheet information related to operating leases was as follows:
| June 30, 2026 |  | December 31, 2025
Weighted-average remaining lease term | 10.9 years |  | 11.0 years
Weighted-average discount rate | 5.9 | % |  | 6.0 | %
Future minimum lease payments under operating leases are presented net of lease incentives deemed payable at lease commencement. At June 30, 2026, our future minimum payments under operating leases were as follows:
(in thousands) |
Remainder of 2026 | $ | 2,230 |
2027 | (16,584) |
2028 | 1,607 |
2029 | 3,164 |
2030 | 3,139 |
Thereafter | 30,149 |
Total future gross payments | 23,705 |
Less: imputed interest | (17,399) |
Total operating lease liabilities | $ | 6,306 |
Purchase Commitments We have entered into separate noncancelable agreements with computing infrastructure, productivity software, customer relationship management, and performance and security data analytics vendors for services through 2030. At June 30, 2026, our remaining purchase commitments and estimated purchase timing were as follows:
(in thousands) |
Remainder of 2026 | $ | 4,791 |
2027 | 18,936 |
2028 | 19,930 |
2029 | 18,089 |
2030 | 87 |
Total estimated future purchases | $ | 61,833 |

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