v3.26.1
Leases
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Leases Leases
As of March 31, 2026, future minimum commitments under the Company’s operating leases with lease terms in excess of 12 months were as follows:
(in thousands)
Operating Leases
2026 (remaining nine months)
$1,417 
20271,919 
20281,954 
20291,990 
20302,016 
Thereafter7,279 
Future minimum operating lease payments16,575 
Less: Interest(7,463)
Present value of lease liability$9,112 
As of March 31, 2026 and December 31, 2025, the Company’s weighted-average remaining lease term for operating leases was 10.0 years and 10.1 years, respectively, and the Company’s weighted-average discount rate for operating leases was 9.7% as of March 31, 2026 and December 31, 2025.
The components of the Company’s lease expense are as follows:

Three Months Ended March 31,
(in thousands)20262025
Operating lease expense$411 $426 
Variable lease expense63 64 
Total lease expense$474 $490