A Dark Vector Cognition product

Item 2. Properties

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Item 2. Properties

Our corporate headquarters is located in Sunnyvale, California and comprises approximately 395,000 square feet of building space on 21 acres of land. Refer to Note 17, Subsequent Events, in Part II, Item 8 of this Annual Report on Form 10-K for the January 2024 purchase of an additional 480,000 square feet in Santa Clara, CA which is located in close proximity to corporate headquarters.

Along with our corporate headquarters, as of December 31, 2023, we operated the following facilities:

LocationOwned Square FootageDescription of Use
Burnaby and Ottawa, Canada560,000Datacenter operations, support functions and research and development
Union City, California350,000Manufacturing assembly and operations
Plano & Frisco, Texas130,000Office space and datacenter operations
Torija, Spain120,000Future development of datacenter operations
Chicago, Illinois100,000Office space and retail
Sunrise, Florida100,000Office space
Valbonne, France70,000Sales and support functions

We also own additional building space in Sunnyvale and Union City, California, and Sydney, Australia, for future development of approximately 450,000 square feet in the aggregate.

We maintain additional leased offices throughout the world, predominantly used as sales and support offices, and leased data center spaces throughout the world operated under co-location arrangements. We believe that our existing properties

are sufficient and suitable to meet our current needs. We intend to expand our facilities, develop unoccupied space, or add new facilities to support our future growth and enter new product markets, and we believe that suitable additional or alternative space will be available or can be developed as needed to accommodate ongoing operations and any such growth. However, we expect to incur additional operating expenses and capital expenditures in connection with such new or expanded facilities.

For information regarding the geographical location of our property and equipment, refer to Note 16 to our consolidated financial statements in Part II, Item 8 of this Annual Report on Form 10-K.

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