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Leases (Tables)
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Lease, Cost
The weighted average remaining lease terms and discount rates as of September 30, 2025 and December 31, 2024 were as follows:

September 30, 2025December 31, 2024
Operating leases
Finance Leases(1)
Operating leases
Finance Leases(1)
Remaining lease term5.6 years2.4 years4.4 years1.9 years
Discount rate6.9 %12.3 %7.2 %11.9 %
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(1) Includes lease financing obligation costs.
The following table presents the components of lease expense (in thousands):

Three Months Ended September 30,Nine Months Ended September 30,
2025
2024(1)
20252024
Finance lease costs
Depreciation expense(2)
$2,033 $3,775 $6,879 $11,831 
Interest expense$792 $596 $2,325 $1,770 
Lease financing obligation costs
Depreciation expense(2)
$246 $666 $1,088 $2,000 
Interest expense$39 $154 $211 $549 
Operating lease costs
Rental expense related to lease components$1,779 $929 $4,248 $2,285 
Rental expense related to non-lease components(3)
914 1,227 3,140 3,768 
Variable lease costs1,240 1,034 3,557 2,945 
Total operating lease costs$3,933 $3,190 $10,945 $8,998 
Total included in cost of revenue$3,730 $2,893 $10,275 $8,122 
Total included in general and administrative expense$203 $297 670 $876 
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(1) The presentation of prior period data has been revised to conform to current year presentation. There have been no changes to the reported amounts, rather certain amounts have been disaggregated to further improve clarity and transparency.
(2) Substantially all of the depreciation expense on assets acquired through the Company’s finance leases and lease financing obligations is included in cost of revenue in its condensed consolidated statements of operations and comprehensive loss.
(3) Non-lease components are related to non-tangible utilities and services used in the Company’s co-location data center spaces, which are not recorded on the Company’s condensed consolidated balance sheets. The Company used judgment and third-party data in determining the stand-alone price for allocating consideration to lease and non-lease components under these co-location lease agreements, such as the price of utilities as compared to its tangible data center footprint within each co-location facility.
The following table presents supplemental cash flow information relating to the Company’s leases (in thousands):

Nine Months Ended September 30,
20252024
Operating cash flows
Cash paid for interest on finance lease and lease financing obligations$2,626 $2,319 
Cash paid for operating lease liabilities$4,144 $2,041 
Non-cash items
Equipment acquired through finance leases$19,901 $11,355 
Right-of-use assets obtained in exchange for operating lease obligations$12,469 $7,457 
Schedule of Finance Lease, Liability, Fiscal Year Maturity
The future minimum commitments for finance leases and lease financing obligations as of September 30, 2025 were as follows (in thousands):

Year Ending December 31,Finance leasesLease financing obligationsTotal
Remainder of 2025
$4,949 $502 $5,451 
202616,484 249 16,733 
202712,163 — 12,163 
20284,315 — 4,315 
20293,081 — 3,081 
Total future minimum lease and financing commitments40,992 751 41,743 
Less imputed interest(6,258)(25)(6,283)
Total finance lease and lease financing obligation liabilities$34,734 $726 $35,460 
Schedule of Lessee, Operating Lease, Liability, Maturity
As of September 30, 2025, the Company's future minimum obligations for operating leases and non-cancellable contractual commitments related to non-lease components were as follows (in thousands):

Year Ending December 31,Operating leasesNon-lease componentsTotal
Remainder of 2025
$1,443 $1,429 $2,872 
20266,576 4,092 10,668 
20275,604 3,075 8,679 
20285,266 3,081 8,347 
20294,163 2,560 6,723 
Thereafter8,687 1,460 10,147 
Total future minimum operating lease commitments31,739 $15,697 $47,436 
Less imputed interest(5,518)
Total liability$26,221 
Schedule of Other Commitments
As of September 30, 2025, the Company's future minimum obligations for operating leases and non-cancellable contractual commitments related to non-lease components were as follows (in thousands):

Year Ending December 31,Operating leasesNon-lease componentsTotal
Remainder of 2025
$1,443 $1,429 $2,872 
20266,576 4,092 10,668 
20275,604 3,075 8,679 
20285,266 3,081 8,347 
20294,163 2,560 6,723 
Thereafter8,687 1,460 10,147 
Total future minimum operating lease commitments31,739 $15,697 $47,436 
Less imputed interest(5,518)
Total liability$26,221