v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Right-of-Use Lease Assets and Lease Liabilities Reported in Consolidated Balance Sheets

Right-of-use lease assets and lease liabilities are reported in the Company’s consolidated balance sheets as follows (in thousands):

 

 

 

For the year ended December 31,

 

 

 

2025

 

 

2024

 

Operating lease

 

 

 

 

 

 

Operating lease right-of-use assets, net

 

$

9,909

 

 

$

1,442

 

Operating lease right-of-use liabilities, current

 

 

2,755

 

 

 

737

 

Operating lease right-of-use liabilities, non-current

 

 

8,729

 

 

 

739

 

Total operating lease liabilities

 

$

11,484

 

 

$

1,476

 
Schedule of Components of Operating Lease Costs

The components of operating lease costs were as follows (in thousands):

 

 

 

For the year ended December 31,

 

 

 

2025

 

 

2024

 

Operating lease costs

 

$

2,754

 

 

$

776

 

Variable lease costs

 

 

54

 

 

 

383

 

Short-term lease costs

 

 

—

 

 

 

66

 

Total Lease cost

 

$

2,808

 

 

$

1,225

 

 
Schedule of Other Information Related to Leases

Other information related to leases was as follows (in thousands):

 

 

 

For the year ended December 31,

 

 

 

2025

 

 

2024

 

Supplemental cash flow information

 

 

 

 

 

 

Cash flows included in the measurement of lease liabilities:

 

 

 

 

 

 

Cash paid for amounts included in the measurement of operating lease liabilities

 

$

1,212

 

 

$

804

 

Right-of-use lease assets obtained in exchange for new operating lease liabilities

 

$

10,499

 

 

$

—

 

 

 

 

2025

 

 

2024

 

Lease term and discount rate

 

 

 

 

 

 

Weighted-average remaining lease term–operating lease

 

 

4.6

 

 

 

2.0

 

Weighted-average discount rate–operating lease

 

 

7.24

%

 

 

7.29

%
Schedule of Maturities of Operating Lease Liabilities As of December 31, 2025, maturities of operating lease liabilities for each of the following five years and a total thereafter were as follows (in thousands):

 

2026

 

$

3,478

 

2027

 

 

2,785

 

2028

 

 

2,861

 

2029

 

 

2,591

 

2030

 

 

879

 

Thereafter

 

 

821

 

Total minimum future lease payments

 

 

13,415

 

Less: Imputed interest

 

 

(1,931

)

Total lease liabilities

 

$

11,484