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Leases
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Operating Leases
8. Leases
The Company leases certain office facilities, managed data center facilities and vehicles under non-cancelable operating lease arrangements for its U.S. and international locations that expire on various dates through 2032.
Upon completing the Acquisition, the Company classified the acquired leases as operating leases under U.S. GAAP and performed a measurement of the lease liabilities as of the Acquisition date. The right-of-use asset was measured at the same amount, adjusted to reflect any favorable and unfavorable market adjustments. The Company elected to apply the short-term lease measurement and recognition exemption to acquired leases that had a remaining lease term of 12 months or less as of the Acquisition date, as well as its existing election not to separate the lease and nonlease components for its real estate leases.
The following table summarizes assets and liabilities related to the Company’s operating leases:
 Condensed Consolidated Balance Sheets LocationMarch 31, 2025December 31, 2024
(In thousands)
Operating lease assetsOperating lease right-of-use assets, net$26,874 $15,047 
Current liabilitiesAccrued and other current liabilities$8,658 $4,033 
Non-current liabilitiesOperating lease liabilities, non-current$20,356 $11,783 
The following table presents the components of the Company’s total lease expense:
Condensed Consolidated StatementsThree Months Ended March 31,
 of Operations Location20252024
(In thousands)
Operating lease cost:
   Fixed lease costs Cost of revenue and operating expenses$2,307 $1,195 
   Variable lease costsOperating expenses174 131 
   Short-term lease costsOperating expenses402 115 
   Lease impairment cost (1)
Impairment charges99 — 
   Sublease incomeOperating expenses(57)— 
Finance lease cost:
   DepreciationCost of revenue— 220 
   Interest Interest expense— 3 
Total lease cost$2,925 $1,664 
___________________________________________
(1)During the three months ended March 31, 2025, the Company exited one of its office locations, resulting in a non-cash charge of $0.1 million to impair the associated right-of-use asset, recorded within impairment charges.
As of March 31, 2025, the maturities of the Company’s lease liabilities under operating leases were as follows:
YearOperating Leases
(In thousands)
Remainder of 2025$8,313 
20269,355 
20277,365 
20285,261 
20292,939 
Thereafter1,616 
Total minimum payments required$34,849 
Less: imputed interest5,835 
Total present value of lease liabilities$29,014 

The following table summarizes weighted-average lease terms and discount rates for the Company’s operating leases:
March 31, 2025December 31, 2024
Weighted-average remaining lease term (in years)3.78 years4.40 years
Weighted-average discount rate9.76%9.68%
Finance Leases
8. Leases
The Company leases certain office facilities, managed data center facilities and vehicles under non-cancelable operating lease arrangements for its U.S. and international locations that expire on various dates through 2032.
Upon completing the Acquisition, the Company classified the acquired leases as operating leases under U.S. GAAP and performed a measurement of the lease liabilities as of the Acquisition date. The right-of-use asset was measured at the same amount, adjusted to reflect any favorable and unfavorable market adjustments. The Company elected to apply the short-term lease measurement and recognition exemption to acquired leases that had a remaining lease term of 12 months or less as of the Acquisition date, as well as its existing election not to separate the lease and nonlease components for its real estate leases.
The following table summarizes assets and liabilities related to the Company’s operating leases:
 Condensed Consolidated Balance Sheets LocationMarch 31, 2025December 31, 2024
(In thousands)
Operating lease assetsOperating lease right-of-use assets, net$26,874 $15,047 
Current liabilitiesAccrued and other current liabilities$8,658 $4,033 
Non-current liabilitiesOperating lease liabilities, non-current$20,356 $11,783 
The following table presents the components of the Company’s total lease expense:
Condensed Consolidated StatementsThree Months Ended March 31,
 of Operations Location20252024
(In thousands)
Operating lease cost:
   Fixed lease costs Cost of revenue and operating expenses$2,307 $1,195 
   Variable lease costsOperating expenses174 131 
   Short-term lease costsOperating expenses402 115 
   Lease impairment cost (1)
Impairment charges99 — 
   Sublease incomeOperating expenses(57)— 
Finance lease cost:
   DepreciationCost of revenue— 220 
   Interest Interest expense— 3 
Total lease cost$2,925 $1,664 
___________________________________________
(1)During the three months ended March 31, 2025, the Company exited one of its office locations, resulting in a non-cash charge of $0.1 million to impair the associated right-of-use asset, recorded within impairment charges.
As of March 31, 2025, the maturities of the Company’s lease liabilities under operating leases were as follows:
YearOperating Leases
(In thousands)
Remainder of 2025$8,313 
20269,355 
20277,365 
20285,261 
20292,939 
Thereafter1,616 
Total minimum payments required$34,849 
Less: imputed interest5,835 
Total present value of lease liabilities$29,014 

The following table summarizes weighted-average lease terms and discount rates for the Company’s operating leases:
March 31, 2025December 31, 2024
Weighted-average remaining lease term (in years)3.78 years4.40 years
Weighted-average discount rate9.76%9.68%