The Company leases office space, domestically and internationally, under operating leases. The Company’s leases have remaining lease terms generally between one year and seven years. Operating leases are included in operating lease right-of-use (“ROU”) assets, operating lease liabilities and long-term operating lease liabilities on the Company’s Unaudited Condensed Consolidated Balance Sheets. The Company does not have any finance leases.

The table below reconciles the undiscounted cash flows for the first five years and the total of the remaining years to the operating lease liabilities recorded in the Unaudited Condensed Consolidated Balance Sheet as of June 30, 2026 (in thousands):


Years ending December 31,	Amount
2026 (remaining six months)	$	3,706
2027		5,970
2028		4,865
2029		4,871
2030		4,232
Thereafter		687
Total minimum lease payments		24,331
Less: amount of lease payments representing interest		(2,528	)
Present value of future minimum lease payments		21,803
Less: current obligations under leases		(6,035	)
Long-term lease obligations	$	15,768

As of June 30, 2026, the weighted-average remaining lease term for the Company’s operating leases was 4.1 years and the weighted-average discount rate used to determine the present value of the Company’s operating leases was 7.5%.

Operating lease costs included in research and development and selling, general and administrative costs in the Unaudited Condensed Consolidated Statements of Income were $1.5 million for both the three months ended June 30, 2026 and 2025. Operating lease costs included in research and development and selling, general and administrative costs in the Unaudited Condensed Consolidated Statements of Income were $3.0 million and $2.9 million for the six months ended June 30, 2026 and 2025, respectively.

Cash paid for amounts included in the measurement of operating lease liabilities was $3.7 million and $3.6 million for the six months ended June 30, 2026 and 2025, respectively.