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Note 10 - Commitments and Contingencies | 6 Months Ended
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Jun. 30, 2026
Notes to Financial Statements |
Commitments Contingencies and Guarantees [Text Block] | 10. Commitments and Contingencies Commitments The Company has outstanding unconditional purchase commitments to procure licenses to use information technology (“IT”) software from suppliers. These agreements are negotiated in consideration of the volume of transactions with select suppliers and the associated required transaction volumes are expected to be met through the normal course of business. In December 2024, the Company signed an unconditional purchase commitment in the amount of $15.0 million to purchase IT solutions over a five-year term. Under this agreement, payments are made upon access to the service. The agreement specified four minimum commitment periods. The minimum commitment payments are due at the end of each minimum commitment period. The Company paid $0.4 million and $0.6 million, respectively, during the three and six months ended June 30, 2026, and $0.2 million and $0.2 million, respectively, during the three and six months ended June 30, 2025, related to the December 2024 agreement. In December 2025, the Company entered into a five-year agreement under which the Company committed to consume $340.0 million of eligible IT services from December 1, 2025 through November 30, 2030. The agreement includes a Year 1 minimum consumption milestone of $50.0 million, for which the vendor may invoice the Company for any shortfall as a prepayment that will be applied against future consumption. The Company paid $12.3 million and $32.3 million, respectively, during the three and six months ended June 30, 2026, related to the December 2025 agreement. The Company is obligated to make the following future minimum payments under the non-cancellable terms of these contracts as of June 30, 2026:
Years Ending December 31, |  |  |  |
|  | (in thousands) |
2026 (six months) |  | $ | 28,100 |
2027 |  |  | 2,574 |
2028 |  |  | 4,115 |
2029 |  |  | 6,676 |
2030 |  |  | 290,000 |
Thereafter |  |  | — |
|  | $ | 331,465 |
In February 2024, the Company made a commitment to contribute $50.0 million to a growth equity fund. As of June 30, 2026, this commitment remains outstanding (see “Note 12 - Growth Equity Fund” for more information). Legal Proceedings In the normal course of its business, the Company may be involved in various claims, negotiations and legal actions. Except for such claims that arise in the normal course of business, as of June 30, 2026, the Company was not a party to any other litigation. Guarantees﻿ In the normal course of business, customers in certain geographies or in highly regulated sectors occasionally require contingency agreements for the completion of service projects, the completion of which are secured by a sublimit of the Company’s line of credit (see “Note 7 - Line of Credit” for more information). As of June 30, 2026, letters of credit for customer-related contingency agreements have been issued in the amount of $5.4 million, as security for the agreements. These agreements have not had a material effect on the Company's results of operations, financial position or cash flow.

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