Leases (Tables)

3 Months Ended

Mar. 31, 2026

Leases [Abstract]

Summary of Operating Lease Assets and Liabilities

The following table summarizes the presentation in the Company’s condensed consolidated balance sheets of its operating leases (in thousands):


		March 31, 2026				December 31, 2025
Assets:
Operating lease assets		$	70,228			$	72,483

Liabilities:
Operating lease liabilities		$	10,865			$	10,390
Operating lease liabilities, net of current portion			69,634				72,576
Total operating lease liabilities		$	80,499			$	82,966

Summary of Lease Costs

The following table summarizes the effect of lease costs in the Company’s condensed consolidated statements of operations and comprehensive (loss) income (in thousands):


		Three Months Ended March 31,
		2026				2025
Operating lease costs		$	4,770			$	4,831
Variable lease costs			1,758				1,242
Sublease income			(670	)			(823	)
Total lease costs		$	5,858			$	5,250

Schedule of Future Payments of Operating Lease Liabilities

As of March 31, 2026, future payments of operating lease liabilities are as follows (in thousands):


		As of March 31, 2026
2026 (remaining 9 months)		$	15,000
2027			20,582
2028			20,863
2029			20,132
2030			11,545
2031 and thereafter			25,317
Total future minimum lease payments		$	113,439
Less: interest			(32,940	)
Present value of operating lease liabilities		$	80,499