Leases (Tables)

6 Months Ended

Jun. 30, 2025

Leases [Abstract]

Components of Lease Costs

The components of the lease costs for the three and six months ended June 30, 2025 and 2024, were as follows (in thousands):


		Three Months Ended June 30,								Six Months Ended June 30,
		2025				2024				2025				2024
Operating lease costs		$	2,463			$	2,501			$	4,936			$	4,991
Finance lease costs:
Amortization of right-to-use assets, finance leases			375				381				746				795
Interest expense for finance lease liabilities			77				41				154				90
Variable lease costs			1,550				1,386				3,043				2,590
Total lease costs		$	4,465			$	4,309			$	8,879			$	8,466

Supplemental Cash Flow Information Relating to Leases

Supplemental cash flow information relating to the Company’s leases for the six months ended June 30, 2025 and 2024, were as follows (in thousands):


		Six Months Ended June 30,
		2025				2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in operating leases		$	5,989			$	3,617
Operating cash flows used in finance leases		$	629			$	736
Financing cash flows used in finance leases		$	154			$	90

Summary of Weighted Average Remaining Lease Terms and Discount Rates

Weighted average remaining lease terms and discount rates as of June 30, 2025 and 2024 were as follows:


		Six Months Ended June 30,
		2025				2024
Remaining lease term:
Operating lease		9.08 years				10.03 years
Finance lease		2.47 years				2.27 years
Discount Rate:
Operating lease			8.71	%			8.73	%
Finance lease			8.75	%			8.14	%

Summary of Undiscounted Future Lease Payments for Operating and Finance Leases

The undiscounted future lease payments for operating and finance leases as of June 30, 2025, were as follows (in thousands):


Fiscal Year		Operating Leases				Finance Leases
2025 (excluding the first half)		$	6,085			$	993
2026			12,436				1,885
2027			12,809				1,180
2028			13,193				449
2029			13,589				72
Thereafter			60,835				—
Total minimum lease payments		$	118,947			$	4,579
Less amounts representing interest or imputed interest			(37,346	)			(466	)
Present value of lease liabilities		$	81,601			$	4,113