v3.26.1
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Quantitative Information About the Company's Operating Leases

The following summarizes information about the Company’s operating lease costs:

 

 

For the year ended December 31,

 

($ in thousands)

 

2025

 

 

2024

 

 

2023

 

Operating lease costs

 

$

5,729

 

 

$

4,455

 

 

$

4,809

 

Variable lease costs

 

 

2,235

 

 

 

249

 

 

 

268

 

Finance expense (income)

 

 

75

 

 

 

(220

)

 

 

 

Total

 

$

8,039

 

 

$

4,484

 

 

$

5,077

 

 

 

For the year ended December 31,

 

($ in thousands)

 

2025

 

 

2024

 

 

2023

 

Operating cash flows for operating leases

 

$

7,682

 

 

$

4,524

 

 

$

4,823

 

Weighted average remaining lease term

 

 

5.2

 

 

 

3.1

 

 

 

4.0

 

Weighted average discount rate

 

 

6.9

%

 

 

6.9

%

 

 

6.9

%

Schedule of Future Minimum Lease Payments Under The Company's Operating Leases

Future minimum lease payments under the Company's operating leases for each of the following five years and thereafter are as follows as of December 31, 2025, excluding short-term leases:

 

($ in thousands)

 

 

 

Year ended December 31, 2026

 

$

9,131

 

Year ended December 31, 2027

 

 

8,427

 

Year ended December 31, 2028

 

 

7,463

 

Year ended December 31, 2029

 

 

6,526

 

Year ended December 31, 2030

 

 

5,732

 

Thereafter

 

 

4,375

 

Total future lease payments

 

 

41,654

 

Less: Present value discount

 

 

(9,408

)

Minimum lease payments

 

$

32,246