Informa TechTarget determines if any arrangement is, or contains, a lease at its inception based on whether or not Informa TechTarget has the right to control the asset during the contract period. Informa TechTarget is a lessee in any lease contract when Informa TechTarget obtains the right to control the asset. Informa TechTarget’s leases are comprised of property related leases.

Informa TechTarget determines the lease term by assuming the exercise of renewal options that are reasonably certain to be exercised. The Company has leases with renewal options within its portfolio and includes the renewal periods in the lease term if it is reasonably certain to be exercised. Leases with a lease term of 12 months or less at inception are not reflected in Informa TechTarget’s consolidated balance sheets and those lease costs are expensed on a straight-line basis over the respective term. For leases with a term greater than 12 months, operating lease right-of-use (“ROU”) assets are presented within non-current assets, the current portion of operating lease liabilities are presented within current liabilities and the non-current portion of operating lease liabilities are presented within non-current liabilities on the consolidated balance sheets.

ROU assets represent Informa TechTarget’s right to use an underlying asset during the lease term and the lease liabilities represent Informa TechTarget’s obligation to make the lease payments arising during the lease. ROU assets and lease liabilities

are recognized at commencement date based on the net present value of fixed lease payments over the lease term. As the implicit interest rate in the leases is generally not known, Informa TechTarget uses an incremental borrowing rate as the discount rate for purposes of determining the present value of lease liabilities. Where a discount rate is not implicit in the lease, Informa TechTarget calculates an incremental borrowing rate reflecting the risk profile of the underlying asset and the term of the lease length. The determination of the incremental borrowing rate takes into consideration the expected term of the lease, the effect of the currency in which the lease is denominated, and the rate of interest Informa TechTarget expects to incur on a collateralized debt instrument.

In October 2025, Informa TechTarget amended its global headquarters lease in Newton, Massachusetts. As a result of the lease modification, during the three months ended March 31, 2026, the Company recorded a $14.1 million ROU asset, an $8.5 million non-current operating lease liability, a $3.5 million current operating lease liability and $2.1 million to prepaid expenses and other current assets.

Operating lease expense is recognized on a straight-line basis over the lease term. During the three and six months ended June 30, 2026, operating lease costs were $1.2 million and $2.2 million, respectively. During the three and six months ended June 30, 2025, operating lease costs were $1.7 million and $3.0 million, respectively. Expenses associated with short-term leases were $2.3 million and $4.8 million for the three and six months ended June 30, 2026, respectively. Expenses associated with short-term leases were $2.2 million and $4.6 million for the three and six months ended June 30, 2025, respectively. There were no material expenses associated with variable leases for each of the three and six months ended June 30, 2026 and 2025.

The amounts relating to operating leases included in the consolidated balance sheets are as follows:


	As of
	June 30, 2026		December 31, 2025
Operating lease right-of-use assets	$	16,016	$	3,178
Current operating lease liabilities	$	2,434		3,112
Non-current operating lease liabilities		9,136		1,426
Total operating lease liabilities	$	11,570	$	4,538

The weighted average remaining lease term and weighted average discount rate for operating leases are:


	As of
	June 30, 2026			December 31, 2025
Weighted-average years remaining lease term — operating leases		8.3			1.4
Weighted-average discount rate — operating leases		6.5	%		5.7	%

Remaining maturities of lease liabilities as of June 30, 2026 are as follows:



	Minimum Lease
Years ending December 31:	Payments
2026 (July 1 - December 31)	$	1,458
2027		1,987
2028		1,760
2029		1,313
2030		1,300
Thereafter		7,372
Total future minimum lease payments		15,190
Less imputed interest		(3,620	)
Total operating lease liabilities	$	11,570