v3.25.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of Future Minimum Operating Lease Payments
As of March 31, 2025, future minimum commitments under the Company’s operating leases with lease terms in excess of 12 months were as follows:
(in thousands)
Operating Leases
2025 (remaining nine months)$1,127 
20261,884 
20271,919 
20281,954 
20291,990 
Thereafter9,226 
Future minimum operating lease payments18,100 
Less: Interest(8,438)
Present value of lease liability$9,662 
Lease Expense
The components of the Company’s lease expense are as follows:

Three Months Ended March 31,
(in thousands)20252024
Lease cost:
Operating lease expense$426 $299 
Variable lease expense64 40 
Total lease expense$490 $339