v3.25.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of Components of Lease Expense
The components of lease expense are as follows (in thousands):
Three Months Ended March 31,
20252024
Operating lease cost$5,775$3,052
Short-term lease cost25295
Financing lease cost—5
Total lease cost$6,027$3,152
Supplemental cash flow information and non-cash activity related to the Company’s leases are as follows (in thousands):
Three Months Ended March 31,
20252024
Cash paid for operating lease liabilities, net of tenant incentives received $4,422$3,915
ROU assets recognized for new leases and amendments (non-cash)$51,602$—


Other information related to leases is as follows:

As of,
March 31, 2025December 31, 2024
Weighted average remaining lease term 6.9 years2.8 years
Weighted average discount rate6.66 %5.13 %
Schedule of Supplemental Balance Sheet Information Related to Operating Leases
Supplemental balance sheet information related to the Company’s operating leases is as follows (in thousands):

As of,
March 31, 2025December 31, 2024
Operating lease ROU assets$90,816$42,917
Operating lease liabilities, current18,57520,989
Operating lease liabilities, non-current84,11532,449
Total lease liabilities$102,690$53,438
Schedule of Future Undiscounted Annual Cash Flows
Future undiscounted annual cash flows for the Company’s operating leases as of March 31, 2025 are as follows (in thousands):
Fiscal Year Ending December 31,Operating Leases
Remaining portion of 2025$12,532 
202622,840 
202714,582 
202815,789 
202916,132 
Thereafter48,582 
Total future undiscounted lease payments130,457 
Less imputed interest(27,767)
Total lease liabilities$102,690