v3.25.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of Components of Lease Expense, Supplemental Cash Flow Information and Weighted Average Remaining Lease Term and Discount Rate
Components of lease expense are as follows, all recorded within operating expenses in the Condensed Consolidated Statements of Operations:
Three months ended Mar. 31,
(in thousands)20252024
Operating lease cost2,210 1,946 
Short-term lease cost(1)
3 21 
Variable lease cost(2)
46 162 
Sublease income(726)(507)
Total net lease expense$1,533 $1,622 

(1)Includes costs related to leases, which at the commencement date, have a lease term of 12 months or less.
(2)Includes costs incurred by the Company for the right to use an underlying asset that vary because of changes in facts or circumstances occurring after the commencement date, other than the passage of time.
Supplemental cash flow information related to leases are as follows:
Three months ended Mar. 31,
(in thousands)20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$2,341 $2,763 
Non-cash activity:
Reduction in operating lease ROU assets and lease liabilities due to reassessment of lease terms$1,626 $— 


The weighted average remaining operating lease term and discount rate are as follows:
Mar. 31,
20252024
Weighted average remaining lease term
6.4 years7.0 years
Weighted average discount rate9.4 %9.0 %
Schedule of Future Minimum Payments for Operating Leases
As of March 31, 2025, future minimum lease payments for operating leases consisted of the following:
(in thousands)Operating Leases
Remainder of 2025
$6,119 
20267,960 
20278,053 
20287,082 
20296,029 
Thereafter14,484 
Total lease payments$49,727 
Less: Imputed interest(12,022)
Present value of lease liabilities$37,705