v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to operating leases are as follows (in thousands):

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Other current liabilities – operating lease current portion

 

$

2,553

 

 

$

2,022

 

Operating lease liabilities – noncurrent portion

 

 

19,814

 

 

 

20,772

 

Total operating lease liabilities

 

$

22,367

 

$

22,794

 

Summary of Lease Expense

The elements of lease expense were as follows (in thousands):

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Lease expense included in:

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

$

1,063

 

 

$

1,009

 

 

$

2,073

 

 

$

1,974

 

General and administrative

 

 

118

 

 

 

64

 

 

 

183

 

 

 

129

 

Variable lease costs

 

 

127

 

 

 

76

 

 

 

236

 

 

 

132

 

Total lease expense

 

$

1,308

 

 

$

1,149

 

 

$

2,492

 

 

$

2,235

 

 

Schedule of Future Minimum Lease Payments Under Non-Cancellable Leases

The Company’s total future minimum lease payments under non-cancellable leases at June 30, 2026 were as follows (in thousands):

 

 

Operating Leases

 

Remainder of 2026

 

 

2,479

 

2027

 

 

4,952

 

2028

 

 

3,469

 

2029

 

 

2,667

 

2030

 

 

2,708

 

Thereafter

 

 

26,485

 

Total lease payments

 

$

42,760

 

Less imputed interest

 

 

(20,393

)

Total

 

$

22,367