v3.25.1
Leases
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Leases Leases
As of March 31, 2025, we had non-cancelable operating leases for our corporate headquarters and manufacturing facilities located in Fremont, California and in Brighton, Colorado. Our Fremont, California lease, which expires in June 2027, provides us with an option to extend the term for one additional 5-year period and we determined with reasonable certainty that we will exercise such option. Our Brighton, Colorado lease, which expires in May 2039, provides us with an option to extend the term for two additional 5-year periods, but we have not determined with reasonable certainty that we will exercise such option. Our operating leases do not contain any material residual value guarantees. We had no leases that were classified as finance leases as of March 31, 2025 and December 31, 2024.
The components of lease expense during the three months ended March 31, 2025 and 2024 are shown in the table below (in thousands):
Three months ended March 31,
20252024
Operating lease expense$1,286 $1,286 
Variable lease expense786 111 
Short-term lease expense23 22 
Total lease expense$2,095 $1,419 
Other information about our operating leases during the three months ended March 31, 2025 and 2024 are shown in the table below (amounts in thousands):
Three months ended March 31,
20252024
Cash paid for amounts included in the measurement of operating lease
   liabilities 		$848 $278 
Weighted-average remaining lease term13.2 years14.2 years
Weighted-average discount rate 9.5 %9.4 %
Future operating lease payments, net of tenant improvement allowance, as of March 31, 2025 are as follows (in thousands):
Year ending December 31:Amount
Remainder of 2025$2,602 
20262,534 
20275,025 
20285,185 
20295,344 
20305,509 
Thereafter42,931 
Total lease payments, net of tenant improvement allowance69,130 
Less - present value adjustments(31,378)
Total operating lease liabilities$37,752