Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Summary of Operating Lease Assets and Liabilities

The following table summarizes the presentation in the Company’s consolidated balance sheets of its operating leases (in thousands):


		December 31,
		2025				2024
Assets:
Operating lease assets		$	72,483			$	80,903

Liabilities:
Operating lease liabilities		$	10,390			$	8,674
Operating lease liabilities, net of current portion			72,576				82,966
Total operating lease liabilities		$	82,966			$	91,640

Summary of Lease Costs

The following table summarizes the effect of lease costs in the Company’s consolidated statements of operations and comprehensive income (loss) (in thousands):


		Year Ended December 31,
		2025				2024				2023
Operating lease costs		$	19,175			$	19,514			$	22,324
Short-term lease costs			—				—				1,477
Variable lease costs			6,467				6,589				7,229
Sublease income			(3,272	)			(2,708	)			—
Total lease costs		$	22,370			$	23,395			$	31,030

Schedule of Future Payments of Operating Lease Liabilities

As of December 31, 2025, future payments of operating lease liabilities are as follows (in thousands):


		As of December 31, 2025
2026		$	19,983
2027			20,582
2028			20,863
2029			20,132
2030			11,545
2031 and thereafter			25,317
Total future payments of operating lease liabilities		$	118,422
Less: imputed interest			(35,456	)
Present value of operating lease liabilities		$	82,966