v3.25.4
LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Assets and Liabilities, Lessee
The following summarizes right-of-use assets as of December 31, 2025 and 2024 (in thousands):
December 31,
20252024
Right-of-use assets - operating leases$12,387 $10,555 
Less: accumulated depreciation and amortization (6,071)(4,514)
Right-of-use assets - operating leases, net$6,316 $6,041 
As of December 31, 2025 and 2024, the weighted-average remaining lease term and weighted-average discount rate for our operating leases were as follows:
December 31,
20252024
Weighted-average lease term2 years2 years
Weighted-average discount rate6.3 %6.4 %
Schedule of Lease Cost
The following table summarizes our lease costs and sublease income for the years ended December 31, 2025, 2024 and 2023 (in thousands):
Year Ended December 31,
202520242023
Operating lease cost
3,866 2,809 10,962 
Variable lease cost
741 1,379 6,332 
Short-term lease cost110 334 58 
Sublease income, gross (1)
— (47)(6,039)
Total lease cost$4,717 $4,475 $11,313 
(1)Sublease income, gross is primarily presented as Restructuring and related charges (credits) in the Consolidated Statement of Operations for the year ended December 31, 2023. Additionally, for the year ended December 31, 2023, sublease income, gross includes the settlement related to Uptake. See Note 10, Commitments and Contingencies, for additional information.
Schedule of Finance Lease Liabilities
As of December 31, 2025, the future payments under operating leases for each of the next five years and thereafter are as follows (in thousands):
Operating Leases
2026$3,864 
20272,593 
2028725 
2029— 
2030— 
Thereafter — 
Total minimum lease payments7,181 
Less: Amount representing interest(428)
Present value of net minimum lease payments6,753 
Less: Current portion of lease obligations(3,547)
Total long-term lease obligations$3,206 
Schedule of Operating Lease Liabilities
As of December 31, 2025, the future payments under operating leases for each of the next five years and thereafter are as follows (in thousands):
Operating Leases
2026$3,864 
20272,593 
2028725 
2029— 
2030— 
Thereafter — 
Total minimum lease payments7,181 
Less: Amount representing interest(428)
Present value of net minimum lease payments6,753 
Less: Current portion of lease obligations(3,547)
Total long-term lease obligations$3,206