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

The components of lease expense included in the Company’s condensed consolidated statements of operations and comprehensive loss include (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Operating lease expense

 

$

359

 

 

$

261

 

Variable lease expense

 

 

119

 

 

 

180

 

Total lease expense, net

 

$

478

 

 

$

441

 

Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate

The weighted average remaining lease term and weighted average discount rate for operating leases were as follows:

 

 

As of March 31,

 

 

 

2026

 

 

2025

 

Weighted average remaining lease term (in years)

 

 

4.70

 

 

 

0.25

 

Weighted average discount rate percentage

 

 

9.00

%

 

 

3.50

%

 

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases under which the Company is the lessee was as follows (amounts in thousands):

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Cash paid for amounts included in the measurement of operating leases

 

$

244

 

 

$

288

 

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of March 31, 2026 were as follows (in thousands):

 

 

Operating
lease

 

Nine months ending December 31, 2026

 

$

1,240

 

2027

 

 

1,528

 

2028

 

 

1,574

 

2029

 

 

1,621

 

2030

 

 

1,529

 

Total future lease payments

 

 

7,492

 

Less: imputed interest

 

 

(1,398

)

Total operating lease liabilities

 

$

6,094