v3.26.1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Future minimum annual lease payments

Future minimum annual lease payments for all operating leases of the Company are as follows as of June 30, 2026 (in thousands):

 

Remainder of 2026

 

$

3,697

 

2027

 

 

7,031

 

2028

 

 

6,258

 

2029

 

 

6,177

 

2030

 

 

6,288

 

Thereafter

 

 

4,370

 

Total undiscounted lease payments

 

 

33,821

 

Less: imputed interest

 

 

(5,551

)

Operating lease liabilities

 

 

28,270

 

Less: current portion of operating lease liabilities

 

 

(6,600

)

Operating lease liabilities, less current portion

 

$

21,670

 

Summary of Weighted-Average Remaining Lease Term and Discount Rate

The Company’s weighted average remaining lease term and weighted average discount rate as of June 30, 2026 and December 31, 2025 are as follows:

 

 

 

June 30,
2026

 

 

December 31,
2025

 

Weighted-average remaining lease term (years)

 

 

5.0

 

 

 

5.5

 

Weighted-average discount rate

 

 

7.0

%

 

 

7.0

%

Summary of Operating Leases

Information related to the Company’s operating leases is as follows (in thousands):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Rent expense

 

$

1,881

 

 

$

1,901

 

 

$

3,844

 

 

$

3,726

 

Cash paid for amounts included in measurement of lease liabilities

 

$

1,876

 

 

$

1,839

 

 

$

3,728

 

 

$

3,668