v3.25.2
Leases
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases Leases
As of June 30, 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 six months)$783 
20261,866 
20271,919 
20281,954 
20291,990 
Thereafter9,227 
Future minimum operating lease payments17,739 
Less: Interest(8,058)
Present value of lease liability$9,681 
As of June 30, 2025 and December 31, 2024, the Company’s weighted-average remaining lease term for operating leases was 10.4 years and 12.2 years, respectively, and the Company’s weighted-average discount rate for operating leases was 9.7% and 9.5% as of June 30, 2025 and December 31, 2024, respectively.
The components of the Company’s lease expense are as follows:

Three Months Ended June 30,
Six Months Ended June 30,
(in thousands)2025202420252024
Lease cost:
Operating lease expense$388 $346 $814 $645 
Variable lease expense56 51 119 91 
Total lease expense$444 $397 $933 $736