Leases (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Lease Expense and Other Information

Lease expense and other information for the periods presented consisted of the following (in thousands, except terms and rates):


	Three Months Ended March 31,
	2026			2025
Lease expense
Finance lease expense:
Amortization of right-of-use assets	$	1,870		$	1,788
Interest on lease liabilities	347			347
Operating lease expense	1,439			1,386
Short-term lease expense	17			10
Variable lease expense	116			88
Total lease expense	$	3,789		$	3,619

Supplemental cash flow information
Finance leases:
Operating cash outflow from finance leases	$	347		$	347
Financing cash outflow from finance leases	$	1,793		$	1,773
Finance lease liabilities arising from obtaining finance lease right-of-use assets	$	2,073		$	2,177
Operating leases:
Operating cash outflow from operating leases	$	1,512		$	1,416
Operating lease liabilities arising from obtaining operating lease right-of-use assets	$	—		$	—

Other information as of March 31, 2026
Finance leases:
Weighted-average remaining lease term (years)	1.8
Weighted-average discount rate	10.9		%
Operating leases:
Weighted-average remaining lease term (years)	6.8
Weighted-average discount rate	3.9		%

Schedule of Operating Lease Liability Maturity

Future maturities of remaining lease payments included in the measurement of operating lease liabilities as of March 31, 2026 are as follows (in thousands):


Years ending December 31,
2026	$	4,571
2027	6,009
2028	6,139
2029	6,292
2030	6,450
Thereafter	13,953
Total	43,414
Less: imputed interest	(5,345)
Present value of operating lease obligations	$	38,069

Schedule of Operating Lease, Lease Income

The Company reported revenues associated with these leases for the periods presented as follows (in thousands):


	Three Months Ended March 31,
	2026		2025
Phone hardware revenue	$	2,006	$	1,506
Sublease revenue	219		219
Total	$	2,225	$	1,725

Schedule of Finance Lease Liability Maturity

Future minimum lease payments for the Company’s finance leases as of March 31, 2026 were as follows (in thousands):


Years ending December 31,
2026	$	6,175
2027	5,490
2028	2,865
2029	266
2030	—
Thereafter	—
Total	14,796
Less: amounts representing interest	(1,576)
Present value of finance lease obligations	$	13,220