v3.25.3
Leases
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Leases Leases
As of September 30, 2025, future minimum commitments under the Company’s operating leases with lease terms in excess of 12 months were as follows:
(in thousands)
Operating Leases
2025 (remaining three months)
$396 
20261,865 
20271,919 
20281,954 
20291,990 
Thereafter9,295 
Future minimum operating lease payments17,419 
Less: Interest(7,908)
Present value of lease liability$9,511 
As of September 30, 2025 and December 31, 2024, the Company’s weighted-average remaining lease term for operating leases was 10.2 years and 12.2 years, respectively, and the Company’s weighted-average discount rate for operating leases was 9.7% and 9.5% as of September 30, 2025 and December 31, 2024, respectively.
The components of the Company’s lease expense are as follows:

Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2025202420252024
Operating lease expense$368 $260 $1,182 $905 
Variable lease expense58 66 177 156 
Total lease expense$426 $326 $1,359 $1,061