v3.25.2
Subsequent Event
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Event Subsequent Event
On August 11, 2025, the Company announced a workforce reduction to reduce operating costs. The workforce reduction was committed to by management on August 8, 2025 and is expected to impact approximately 25% of the Company’s workforce. The Company currently estimates it will incur restructuring costs of approximately $8.0 million to $9.0 million, consisting primarily of employee severance, benefits, and related costs, the majority of which the Company expects to recognize in the second half of 2025.
The estimated expenses are subject to a number of assumptions and actual results may differ materially from the estimated amount. The Company may also incur additional costs not currently contemplated due to events that may occur as a result of, or in connection with, the workforce reduction.