v3.26.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Lease Balance Sheet Classification of Leases, Lease Costs and Other Information
The following table shows the lease balance sheet classification of leases for the years ended December 31, 2025 and 2024 (in thousands):
As of December 31,
20252024
Assets
Operating lease right-of-use assets, net
$64,940 $55,498 
Liabilities
Operating lease liabilities, current4,565 2,998 
Operating lease liabilities, non-current66,822 49,631 
Total Lease Liabilities$71,387 $52,629 
The following table shows the lease costs for the years ended December 31, 2025 and 2024 (in thousands):
Year ended December 31,
Lease costsStatement of Operations Classification20252024
Operating lease costsResearch and development expenses, net$2,199$6,642 
Variable costs
Research and development expenses, net
9581,281 
Short term lease costs
Research and development expenses, net
1,269258 
Operating lease costsSelling, general and administrative expenses4,5181,393 
Variable costs
Selling, general and administrative expenses
753318 
Short term lease costs
Selling, general and administrative expenses
100117 
Operating lease costsCost of sales2,021558
Variable costs
Cost of sales
22864
Short term lease costs(1)
Cost of sales
(942)—
Total Lease Costs$11,104 $10,631 
(1) Includes lease incentives received during the year ended December 31, 2025 relating to the Company's Nucleus facility lease.
Year ended December 31,
Other information20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases (in thousands)(1)
$(5,554)$4,258
Weighted-average remaining lease term - operating leases (in years)16.1 years15.9 years
Weighted-average discount rate - operating leases8.08 %8.15 %
(1) Includes lease incentives received during the year ended December 31, 2025 relating to the Company's Nucleus facility lease.
Schedule of Future Fixed Payments for Non-Cancellable Operating Leases
Future fixed payments for non-cancellable operating leases in effect as of December 31, 2025 are payable as follows:
Operating Leases
Maturity of lease liabilities for the years ending December 31,(in thousands)
2026$8,633 
202710,026 
2028
9,115 
20297,060 
20307,059 
Thereafter88,060 
Total lease payments129,953 
Less: imputed interest(58,566)
Present Value of Lease Liabilities$71,387