v3.26.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense are as follows:

 

 

 

Three Months Ended March 31,

 

(in thousands)

 

2026

 

 

2025

 

Operating lease costs

 

$

261

 

 

$

317

 

Variable lease costs

 

 

48

 

 

 

123

 

Total lease cost

 

$

309

 

 

$

440

 

 
Schedule of Other Information

Other information related to leases was as follows:

 

 

 

Three Months Ended March 31,

 

Supplemental Cash Flows Information (in thousands)

 

2026

 

 

2025

 

Operating lease right of use assets obtained in exchange for operating lease liabilities

 

$

24

 

 

$

—

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

263

 

 

$

337

 

 

 

 

March 31, 2026

 

 

December 31, 2025

 

Weighted-average remaining lease term (years)

 

 

2.8

 

 

 

3.0

 

Weighted-average discount rate

 

 

6.7

%

 

 

6.6

%
Schedule of Future Maturities of Lease Liabilities

Future maturities of lease liabilities were as follows as of March 31, 2026:

 

(in thousands)

 

Operating Leases

 

Remainder of 2026

 

$

772

 

2027

 

 

931

 

2028

 

 

667

 

2029

 

 

388

 

2030

 

 

—

 

Thereafter

 

 

—

 

Total future minimum lease payments

 

$

2,758

 

Less: imputed interest

 

 

280

 

Present value of lease liabilities

 

$

2,478