v3.26.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Components of Lease Expense, Supplemental Cash Flow Information and Weighted Average Remaining Lease Term and Discount Rate
Components of lease expense are as follows, all recorded within operating expenses in the Condensed Consolidated Statements of Operations:
Three months ended Mar. 31,
(in thousands)20262025
Operating lease cost934 2,210 
Short-term lease cost(1)
— 3 
Variable lease cost(2)
26 46 
Sublease income(922)(726)
Total net lease expense$38 $1,533 

(1)Includes costs related to leases, which at the commencement date, have a lease term of 12 months or less.
(2)Includes costs incurred by the Company for the right to use an underlying asset that vary because of changes in facts or circumstances occurring after the commencement date, other than the passage of time.
Supplemental cash flow information related to leases are as follows:
Three months ended Mar. 31,
(in thousands)20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,176 $2,341 
Non-cash activity:
Operating lease assets obtained in exchange for new lease obligations(1)
— 1,626 
Reduction in operating lease liabilities due to remeasurement
$419 $— 

(1)For the three months ended March 31, 2025, the Company recognized operating lease assets arising from operating leases of an acquiree.

The weighted average remaining operating lease term and discount rate are as follows:
Mar. 31,
20262025
Weighted average remaining lease term
5.6 years6.4 years
Weighted average discount rate9.2 %9.4 %
Schedule of Future Minimum Payments for Operating Leases
As of March 31, 2026, future minimum lease payments for operating leases consisted of the following:
(in thousands)Operating Leases
Remainder of 2026
$8,859 
20277,787 
20286,745 
20295,717 
20305,733 
Thereafter8,738 
Total lease payments$43,579 
Less: Imputed interest(8,592)
Present value of lease liabilities$34,987