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Leases
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases
Note 9. Leases
The Company primarily leases facilities for office and data center space under non-cancelable operating leases for its U.S. and international locations. As of December 31, 2024, non-cancelable leases expire on various dates between 2025 and 2029.
Generally, the non-cancelable leases include one or more options to renew, with renewal terms that can extend the lease term from one to six years. The Company has the right to exercise or forego the lease renewal options. The lease agreements do not contain any material residual value guarantees or material restrictive covenants.
As of December 31, 2024 and 2023, the balance sheet components of leases were as follows (in thousands):
December 31, 2024December 31, 2023
Operating lease right-of-use assets$46,463 $42,989 
Accrued liabilities$20,445 $16,707 
Operating lease liabilities29,733 28,178 
Total operating lease liabilities$50,178 $44,885 
The components of operating lease expense were as follows (in thousands):
Twelve Months Ended December 31,
202420232022
Operating lease cost (1)
$25,167 $23,315 $22,800 
Variable lease cost (2)
4,560 4,412 3,930 
Total lease cost$29,727 $27,727 $26,730 
(1)Includes short-term lease costs, which were not material in the years ended December 31, 2024, 2023, and 2022.
(2)Variable lease cost includes common area maintenance, property taxes, utilities and fluctuations in rent due to a change in an index or rate.
As of December 31, 2024, maturities of operating lease liabilities were as follows (in thousands):
Year Ending December 31,
2025$23,000 
202618,024 
20278,587 
20284,227 
2029 onwards816 
Total future minimum lease payments54,654 
Less: Imputed interest(4,476)
Present value of lease liabilities$50,178 
The supplemental cash flow information related to operating leases for the twelve months ended December 31, 2024 and 2023 were as follows (in thousands):
Year ended December 31,
20242023
Operating cash flows resulting from operating leases:
Cash paid for amounts included in the measurement of lease liabilities$21,876 $22,844 
New ROU assets obtained in exchange of lease liabilities:
Operating leases$24,966 $27,846 
Other information related to operating leases were as follows:
December 31, 2024December 31, 2023
Weighted-average remaining operating lease term (years)2.63.0
Weighted-average operating lease discount rate6.6 %7.0 %
As of December 31, 2024, the Company has additional operating leases of approximately $0.8 million that have not yet commenced and, as such, have not yet been recognized on the Company's Consolidated Balance Sheet. These operating leases are expected to commence in the first quarter of 2025 with minimum lease terms of approximately one year.