v3.26.1
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Component of Lease Expense

The components of lease expense for the years ended December 31, 2025 and 2024 are as follows (in thousands):

 

 

Year ended
December 31,

 

 

 

2025

 

 

2024

 

Operating lease expense

 

$

6,574

 

 

$

6,501

 

Variable lease expense

 

 

2,646

 

 

 

3,954

 

Total lease expense

 

$

9,220

 

 

$

10,455

 

Schedule Of Lease Terms And Discount Rate

The weighted average remaining lease term and discount rate related to the Company's leases are as follows:

 

December 31,
2025

 

 

December 31,
2024

 

Weighted average remaining lease term (years)

 

 

6.8

 

 

 

7.7

 

Weighted average discount rate

 

 

9.9

%

 

 

9.8

%

 

Schedule Of Supplemental Cash Flow Information Related To Leases

Supplemental cash flow information and other information relating to the Company's leases for the years ended December 31, 2025 and 2024 are as follows (in thousands):

 

 

Year ended
December 31,

 

 

 

2025

 

 

2024

 

Right-of-use assets obtained in exchange for operating lease obligations

 

$

 

 

$

108

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

7,784

 

 

$

3,161

 

Schedule of Future Minimum Lease Payments Under Non-Cancelable Leases

Future minimum lease payments under non-cancelable leases as of December 31, 2025 for each of the years ending December 31st are as follows (in thousands):

Undiscounted lease payments

 

 

 

2026

 

$

8,010

 

2027

 

 

7,687

 

2028

 

 

7,360

 

2029

 

 

7,581

 

2030

 

 

7,808

 

Thereafter

 

 

15,635

 

Total undiscounted minimum lease payments

 

 

54,081

 

Less: Imputed interest

 

 

(14,890

)

Total operating lease liability

 

$

39,191