v3.26.1
Operating Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Summary of Lease Costs, Included in Operating Expenses

The lease costs, which are included in operating expenses in the statements of operations and comprehensive (loss) income, and supplemental cash flow information related to the lease were as follows:

 

 

Year ended December 31,

 

 

2025

 

 

2024

 

 

(in thousands)

 

Operating lease expense

 

$

5,074

 

 

$

5,074

 

Cash paid for operating leases

 

$

5,264

 

 

$

5,086

 

Summary of Reconciliation of Undiscounted Future Minimum Lease Payments

The following table reconciles the undiscounted future minimum lease payments required to the operating leases recorded on the Company’s balance sheet as of December 31, 2025:

 

Year Ending December 31,

 

Amount

 

(in thousands)

 

2026

 

$

4,982

 

2027

 

 

5,622

 

2028

 

 

5,819

 

2029

 

 

6,023

 

2030

 

 

5,691

 

Total undiscounted future minimum lease payments

 

 

28,137

 

Less: Imputed interest

 

 

(4,831

)

Total operating lease liabilities

 

$

23,306