v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Components of Lease Expense

The components of lease expense were as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

 

(in thousands)

 

Operating lease cost–fixed

 

$

516

 

 

$

418

 

 

$

1,045

 

 

$

833

 

Operating lease cost–variable

 

 

63

 

 

 

40

 

 

 

98

 

 

 

84

 

Short-term lease expense

 

 

14

 

 

 

4

 

 

 

27

 

 

 

8

 

Total lease expense

 

$

593

 

 

$

462

 

 

$

1,170

 

 

$

925

 

Summary of Weighted-average Remaining Lease Term and Discount Rate

The weighted-average remaining lease term and discount rate were as follows:

 

 

 

June 30, 2026

 

Weighted-average remaining lease term

 

 

5.06

 

Weighted-average discount rate

 

 

6.86

%

Schedule of Future Lease Payments

Future lease payments under non-cancellable leases as of June 30, 2026 were as follows:

 

(in thousands)

 

 

 

Year Ending December 31,

 

 

 

2026

 

 

983

 

2027

 

 

1,418

 

2028

 

 

1,384

 

2029

 

 

1,092

 

2030

 

 

1,136

 

Thereafter

 

 

1,782

 

Total future lease payments

 

$

7,795

 

Less: imputed interest

 

 

(1,283

)

Total lease liabilities

 

$

6,512