v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases  
Schedule of the components of lease expense

The components of lease expense for the three months ended March 31, 2026 and 2025, are presented as follows (in thousands):

For the Three Months Ended March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Operating lease costs

$

289

$

537

Total lease costs

$

289

$

537

Schedule of supplemental combined and condensed consolidated balance sheet information related to leases

The following table provides supplemental combined and condensed consolidated balance sheet information related to leases as of March 31, 2026, and December 31, 2025 (in thousands, except lease term and discount rate):

As of March 31, 

As of December 31, 

  ​ ​ ​

Classification

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

Assets

Operating lease right-of-use assets

Other assets

$

3,458

$

3,658

Total lease right-of-use assets

$

3,458

$

3,658

Liabilities

Operating lease liabilities

Other liabilities

$

3,891

$

4,179

Total lease liabilities

$

3,891

$

4,179

Weighted-average remaining lease term (in years)

4.7

4.8

Weighted-average discount rate

7.3

%

7.6

%

Schedule of minimum future payments on non-cancellable operating leases

Minimum future payments on non-cancellable operating leases as of March 31, 2026, are summarized as follows (in thousands):

  ​ ​ ​

Operating Leases

2026

$

889

2027

1,129

2028

763

2029

570

2030

541

Thereafter

796

Total undiscounted lease payments

4,688

Less: imputed interest

(797)

Lease obligations under operating leases

$

3,891