v3.26.1
Leases
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
The Company is obligated under operating leases for certain real estate and office equipment assets. The Company’s finance leases are not material. Certain leases contained predetermined fixed escalation of minimum rents at rates ranging from 2.5% to 10.0% per annum and remaining lease terms of up to seven years, some of which include renewal options that could extend certain leases to up to an additional five years.

The following table presents supplemental information related to leases:
June 30,
2026
June 30,
2025
Weighted average remaining lease term (years)
6.477.79
Weighted average discount rate14.91%13.62%

The table below summarizes total lease costs for the following periods:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operating lease expense$500 $644 $1,004 $1,321 
Variable lease expense91 73 169 168 
Short-term lease expense15 — 30 — 
Lease expense$606 $717 $1,203 $1,489 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Sublease income (1)
$144 $69 $262 $96 
(1) As of June 30, 2026 and June 30, 2025, the Company has subleased three and four of its real estate leases, respectively.

The following table presents supplemental cash flow and non-cash information related to leases:
Six Months Ended June 30,
20262025
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows from leases$1,061 $1,193 
As of June 30, 2026, the future annual minimum lease payments for operating leases are as follows:
Remainder of 2026$992 
20271,350 
20281,312 
20291,336 
20301,551 
Thereafter3,168 
Total future minimum lease payments$9,709 
Less: amounts related to imputed interest3,602 
Present value of future minimum lease payments6,107 
Less: current portion of long-term lease liability846 
Long-term lease liability$5,261