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Leases
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Leases Leases
As of September 30, 2025, we leased office space, data centers and office equipment under non-cancelable operating leases with various expiration dates through 2034. In August 2014, we signed a lease for office space in Tysons, Virginia where we relocated our corporate headquarters to in February 2016. We have subsequently entered into amendments to this lease to provide us with additional office space as well as tenant improvement allowances. In August 2024, we entered into an amendment to the lease for our corporate headquarters, which extends the term of our existing leased office space to 2034 and includes two successive five-year renewal options. Additionally, the amendment provides for additional office space, parking spaces and tenant improvement allowances.

Supplemental information related to leases is presented in the table below (in thousands, except weighted-average term and discount rate):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Operating lease cost$3,828 $3,472 $11,657 $9,425 
Cash paid for amounts included in the measurement of operating lease liabilities3,491 2,420 9,884 9,171 
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities4,274 34,434 8,674 37,349 
September 30,
2025
December 31,
2024
Weighted-average remaining lease term — operating leases7.3 years7.8 years
Weighted-average discount rate — operating leases8.1 %8.2 %

Maturities of lease liabilities are as follows (in thousands):
Year Ended December 31,
Operating Leases(1)
Remainder of 2025$4,057 
202614,344 
202714,810 
202813,865 
202912,279 
2030 and thereafter48,618 
Total lease payments107,973 
Less: imputed interest(2)
28,706 
Present value of lease liabilities$79,267 
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(1)Operating lease payments exclude $4.4 million of legally binding minimum lease payments for leases executed but not yet commenced. There are no options to extend lease terms that were reasonably certain of being exercised included in these balances.
(2)Imputed interest was calculated using the incremental borrowing rate applicable for each lease.

Our finance leases and subleases were not material to the condensed consolidated financial statements as of September 30, 2025. We did not have any finance leases or subleases as of December 31, 2024. Our lease agreements do not contain any material residual value guarantees, restrictive covenants or variable lease payments. Short-term lease costs were immaterial for the three and nine months ended September 30, 2025 and 2024.