Leases (Tables)

3 Months Ended

Mar. 31, 2026

Leases [Abstract]

Summary of Operating Lease Costs Recognized under ASC 842 and Supplemental Cash Flow Information for Leases

The following table contains a summary of the operating lease costs recognized under ASC 842 and supplemental cash flow information for leases:


		Three Months Ended March 31,
		2026				2025
Fixed lease expense		$	192			$	192
Total lease cost		$	192			$	192

Other information:
Cash paid for amounts included in the measurement of lease liabilities		$	192			$	186
Right-of-use assets obtained in exchange for new operating lease liabilities		$	—			$	1,779

Summary Balance Sheet Classification of Operating Leases and Weighted Average Remaining Lease Term and Discount Rate

The following table summarizes the balance sheet classification of the Company’s operating leases, amounts of ROU assets and lease liabilities, the weighted average remaining lease term, and the weighted average discount rate for the Company’s operating leases:


		March 31,				December 31,
(in thousands)		2026				2025
Lease assets
Operating lease right-of-use assets		$	2,558			$	2,701
Total lease assets		$	2,558			$	2,701

Lease liabilities
Current:
Operating lease liabilities		$	610			$	592
Non-current:
Operating lease liabilities			2,137				2,298
Total lease liabilities		$	2,747			$	2,890

Weighted-average remaining lease term — operating leases (years)			5.44				5.59
Weighted-average discount rate — operating leases			7.07	%			7.10	%

Summary of Payments by Date for Operating Lease

The following table summarizes the payments by date for the Company’s operating lease, which is then reconciled to the total lease obligation:


As of March 31,		(in thousands)
2026 (remaining nine months)		$	581
2027			801
2028			701
2029			185
2030			192
Thereafter			829
Total lease payments			3,289
Less: Interest			(542	)
Present value of lease liabilities		$	2,747