v3.25.2
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments

The maturity of undiscounted payments due under lease liabilities and the present value of those liabilities as of June 30, 2025 were as follows (in thousands):

 

As of
June 30, 2025

 

2025

 

$

3,591

 

2026

 

 

7,341

 

2027

 

 

7,557

 

2028

 

 

7,778

 

2029

 

 

8,007

 

Thereafter

 

 

36,713

 

Total Future Minimum Leases Payments

 

 

70,987

 

Less: Interest

 

 

(26,355

)

Present Value of Operating Lease Liabilities

 

$

44,632

 

Schedule of Lease Costs

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

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Operating lease costs

 

$

1,411

 

 

$

2,108

 

 

$

2,823

 

 

$

4,258

 

Variable lease costs

 

 

423

 

 

 

466

 

 

 

907

 

 

 

825

 

Short-term lease costs

 

 

237

 

 

 

252

 

 

 

510

 

 

 

662

 

Total lease costs

 

$

2,071

 

 

$

2,826

 

 

$

4,240

 

 

$

5,745