v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Summary of Operating Lease Costs

The operating lease costs were as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease cost

 

$

5,060

 

 

$

3,869

 

 

$

9,209

 

 

$

7,907

 

Operating sublease income

 

 

(612

)

 

 

(594

)

 

 

(1,218

)

 

 

(1,183

)

Net operating lease cost

 

$

4,448

 

 

$

3,275

 

 

$

7,991

 

 

$

6,724

 

Supplemental Cash Flow Information Related to the Company's Leases

Supplemental cash flow information related to the Company’s leases were as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

3,177

 

 

$

3,002

 

 

$

6,236

 

 

$

5,868

 

Right-of-use assets obtained in exchange for operating lease obligations:

 

 

25,396

 

 

 

2,499

 

 

 

26,480

 

 

 

8,679

 

Summary of Balance Sheet Classification of Lease Liabilities

The balance sheet classification of the Company’s lease liabilities was as follows (in thousands):

 

 

 

June 30,
2026

 

 

December 31,
2025

 

Operating lease liabilities

 

 

 

 

 

 

Current portion included in accrued liabilities

 

$

14,307

 

 

$

11,633

 

Operating lease liabilities

 

 

59,547

 

 

 

40,554

 

Total operating lease liabilities

 

$

73,854

 

 

$

52,187

 

Summary of Maturities of Lease Liabilities

Maturities of lease liabilities were as follows (in thousands):

 

 

 

Operating Leases

 

Remainder of 2026

 

$

7,411

 

Years ending December 31,

 

 

 

2027

 

 

15,086

 

2028

 

 

15,287

 

2029

 

 

14,844

 

2030

 

 

12,674

 

Thereafter

 

 

27,991

 

Total lease payments

 

 

93,293

 

Less:

 

 

 

Imputed interest

 

 

(19,439

)

Total operating lease liabilities

 

$

73,854