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

As of June 30, 2026, operating leases had a weighted-average remaining lease term of 9.1 years and a weighted-average discount rate of 10.6%. Discount rates are based on estimates of the Company's incremental borrowing rate, as the discount rates implicit

in the leases cannot be readily determined. Future lease payments under operating leases as of June 30, 2026 were as follows (in thousands):

 

 

Amount

 

2026 (remaining six months)

 

$

3,605

 

2027

 

 

7,189

 

2028

 

 

5,215

 

2029

 

 

5,371

 

2030

 

 

5,533

 

2031 and thereafter

 

 

31,894

 

Total future minimum lease payments

 

 

58,807

 

Less: imputed interest

 

 

(21,709

)

Present value of future minimum lease payments

 

 

37,098

 

Less: current portion of operating lease liability (included in accrued and other current liabilities)

 

 

(6,931

)

Long-term operating lease liabilities

 

$

30,167

 

Components of Lease Costs

Components of lease costs were as follows (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Lease cost

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

1,075

 

 

$

1,470

 

 

$

2,224

 

 

$

2,949

 

Short-term lease cost

 

 

-

 

 

 

1

 

 

 

1

 

 

 

2

 

Variable lease cost

 

 

801

 

 

 

537

 

 

 

1,506

 

 

 

907

 

Total lease cost

 

$

1,876

 

 

$

2,008

 

 

$

3,731

 

 

$

3,858