Leases (Tables)

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

Summary of Operating Lease Assets and Liabilities

The following table summarizes the presentation in the Company’s condensed consolidated balance sheets of its operating leases (in thousands):


		June 30, 2026				December 31, 2025
Assets:
Operating lease assets		$	51,168			$	72,483

Liabilities:
Operating lease liabilities		$	11,828			$	10,390
Operating lease liabilities, net of current portion			44,816				72,576
Total operating lease liabilities		$	56,644			$	82,966

Summary of Lease Costs

The following table summarizes the effect of lease costs in the Company’s condensed consolidated statements of operations and comprehensive (loss) income (in thousands):


		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
Operating lease costs		$	3,796			$	4,787			$	8,566			$	9,618
Variable lease costs			1,396				1,721				3,153				2,963
Sublease income			(817	)			(809	)			(1,487	)			(1,632	)
Total lease costs		$	4,375			$	5,699			$	10,232			$	10,949

Schedule of Future Payments of Operating Lease Liabilities

As of June 30, 2026, future payments of operating lease liabilities are as follows (in thousands):


		As of June 30, 2026
2026 (remaining 6 months)		$	5,247
2027			19,016
2028			13,892
2029			12,952
2030			4,150
2031 and thereafter			22,097
Total future minimum lease payments		$	77,354
Less: interest			(20,710	)
Present value of operating lease liabilities		$	56,644