Leases (Tables)

6 Months Ended

Jun. 30, 2025

Leases [Abstract]

Summary of Operating Lease Assets and Liabilities

The following table summarizes the presentation in the Company’s condensed consolidated balance sheets of its operating leases (in thousands):


		June 30, 2025				December 31, 2024
Assets:
Operating lease assets		$	76,794			$	80,903

Liabilities:
Operating lease liabilities		$	9,478			$	8,674
Operating lease liabilities, net of current portion			77,956				82,966
Total operating lease liabilities		$	87,434			$	91,640

Summary of Lease Costs

The following table summarizes the effect of lease costs in the Company’s condensed consolidated statements of operations and comprehensive loss (in thousands):


		Three Months Ended June 30,								Six Months Ended June 30,
		2025				2024				2025				2024
Operating lease costs		$	4,787			$	5,705			$	9,618			$	11,476
Short-term lease costs			—				371				—				745
Variable lease costs			1,721				1,961				2,963				3,928
Sublease income			(809	)			(695	)			(1,632	)			(1,071	)
Total lease costs		$	5,699			$	7,342			$	10,949			$	15,078

Schedule of Future Payments of Operating Lease Liabilities

As of June 30, 2025, future payments of operating lease liabilities are as follows (in thousands):


		As of June 30, 2025
2025 (remaining 6 months)		$	9,726
2026			19,983
2027			20,582
2028			20,863
2029			20,132
2030 and thereafter			36,850
Total future minimum lease payments		$	128,136
Less: interest			(40,702	)
Present value of operating lease liabilities		$	87,434