v3.26.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Summary of Lease Costs

The following table contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s leases for the three months ended March 31, 2026 and 2025 (in thousands):

 

 

Three Months Ended
March 31,

 

 

 

 

2026

 

 

2025

 

 

Lease Costs

 

 

 

 

 

 

 

Operating lease costs

 

$

867

 

 

$

867

 

 

Variable lease costs

 

 

536

 

 

 

269

 

 

Total lease costs

 

$

1,403

 

 

$

1,136

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities—operating leases

 

 

 

 

$

841

 

 

$

816

 

Weighted-average remaining lease term—operating leases (years)

 

 

 

 

 

6.34

 

 

 

7.34

 

Weighted-average discount rate—operating leases

 

 

 

 

 

10.71

%

 

 

10.71

%

 

 

Summary of Future Minimum Commitments of Operating Lease Liabilities

The following table reconciles the future minimum commitments to the Company’s operating lease liabilities at March 31, 2026 (in thousands):

Operating lease payments as of March 31, 2026

 

2026

$

2,565

 

2027

 

3,507

 

2028

 

3,611

 

2029

 

3,715

 

2030

 

3,827

 

Thereafter

 

6,281

 

Total lease payments

 

23,506

 

Less: interest

 

(6,515

)

Total lease liabilities at March 31, 2026

 

16,991

 

Less: current portion of lease liabilities

 

3,267

 

Lease liabilities, net of current portion

$

13,724