v3.26.1
Leases (FY) (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Leases    
Schedule of future minimum rental payments for operating leases
(in thousands)
2026
$900
2027
1,233
2028
1,270
2029
1,308
2030
1,348
Thereafter
1,388
Total undiscounted lease payments
7,447
Less: imputed interest
(1,692)
Total lease liabilities
$5,755
(in thousands)
 
2026
$3,757
2027
3,863
2028
3,973
2029
4,085
2030
4,200
Thereafter
17,421
Total undiscounted lease payments
37,299
Less: imputed interest
(13,289)
Total lease liabilities
$24,010
Summary of operating leases
Three Months Ended
(in thousands)
March 31, 2026
March 31, 2025
Operating lease expense
$476
$880
Variable lease expense
326
538
$802
$1,418
 
Three Months Ended
 
March 31, 2026
March 31, 2025
Weighted-average discount rate
9.0%
9.7%
Weighted-average remaining lease term (years)
5.8
10.0
 
Three Months Ended
(in thousands)
March 31, 2026
March 31, 2025
Sublease rental income
$356
$367
 
Year Ended
(in thousands)
December 31, 2025
December 31, 2024
Operating lease cost
$3,419
$3,505
Variable lease cost
2,103
2,127
 
$5,522
$5,632
 
Year Ended
 
December 31, 2025
December 31, 2024
Weighted-average discount rate
9.7%
9.7%
Weighted-average remaining lease term (years)
9.3
10.2
 
Year Ended
(in thousands)
December 31, 2025
December 31, 2024
Sublease rental income
$1,467
$987