v3.25.1
Leases (Tables)
3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense for the Company's operating leases in its unaudited consolidated statements of operations and comprehensive income (loss) were as follows:

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Operating lease costs

 

$

14,001

 

 

$

13,682

 

The weighted-average remaining lease term and discount rate for operating lease liabilities included in the consolidated balance sheets are as follows:

 

 

March 31, 2025

 

 

December 31, 2024

 

Weighted-average remaining lease term (in years)

 

 

4.1

 

 

 

4.1

 

Weighted-average discount rate

 

 

7.66

%

 

 

7.50

%

 

Summary of Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases was as follows:

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

16,499

 

 

$

16,029

 

Noncash lease activity

 

 

 

 

 

 

Right-of-use lease assets obtained in exchange for new operating lease liabilities

 

$

10,451

 

 

$

4,828

 

Summary of Future Minimum Lease Payments

The future minimum lease payments under noncancellable operating leases as of March 31, 2025 are as follows:

Year Ended December 31,

 

Amount

 

Remainder of 2025

 

$

44,338

 

2026

 

 

61,823

 

2027

 

 

48,877

 

2028

 

 

36,122

 

2029

 

 

21,293

 

Thereafter

 

 

19,839

 

Total lease payments

 

$

232,292

 

Less: imputed interest

 

 

(35,600

)

Total lease liabilities

 

$

196,692