v3.25.2
Leases (Tables)
6 Months Ended
Jun. 30, 2025
Lessee Disclosure [Abstract]  
Summary of Future Lease Payments Associated with Company's Operating Lease Liabilities

The future lease payments associated with the Company’s operating lease liabilities as of June 30, 2025 were as follows:

 

Amount

 

 

(in thousands)

 

Total undiscounted lease payments through September 1, 2025

 

$

584

 

Less: imputed interest

 

 

(6

)

Total operating lease liabilities

 

$

578

 

Summary of Total Lease Costs and Other Information

A summary of total lease costs and other information for the periods relating to the Company’s operating leases was as follows:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

(in thousands)

 

Operating lease cost

 

$

1,567

 

 

$

2,418

 

 

$

3,134

 

 

$

4,667

 

Variable lease cost

 

 

678

 

 

 

1,451

 

 

 

1,578

 

 

 

1,678

 

Termination-related costs, net

 

 

32,242

 

 

 

 

 

 

32,242

 

 

 

 

Sublease income

 

 

(568

)

 

 

 

 

 

(1,136

)

 

 

 

Total lease cost

 

$

33,919

 

 

$

3,869

 

 

$

35,818

 

 

$

6,345

 

Summary of Weighted-average Remaining Lease Term and Discount Rate

 

 

June 30,
2025

 

December 31,
2024

 

(in thousands)

Other information:

 

 

 

 

Weighted-average remaining lease term (in years)

 

0.2

 

6.3

Weighted-average discount rate

 

12.7%

 

13.7%

 

Schedule of Supplemental Cash Flow and Non-cash Information Related to Operating Leases

Supplemental cash flow and non-cash information related to the Company’s operating leases were as follows:

 

 

Six months ended June 30,

 

 

2025

 

 

2024

 

 

(in thousands)

 

Cash paid for amounts included in the measurement of lease
   liabilities

 

$

1,753

 

 

$

1,985

 

Cash paid for lease modifications recognized in restructuring,
   impairment and costs of suspended programs

 

$

36,367

 

 

$

 

Decrease in lease liabilities from lease modifications

 

$

29,155

 

 

$

324