Rent expense was $10.4 million, inclusive of $6.5 million related to lease restructuring activities, and $7.4 million, for the three months ended June 30, 2026 and 2025, respectively. Rent expense was $18.5 million, inclusive of $10.2 million related to lease restructuring activities, and $16.0 million, inclusive of $1.1 million related to the Waltham Lease Restructuring, for the six months ended June 30, 2026 and 2025, respectively.


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2026		2025		2026		2025
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of operating lease liabilities	$	7.5	$	4.2	$	13.2	$	6.4
Cash received for tenant incentive reimbursement	—		4.9		10.6		19.6

Lease liabilities arising from obtaining right-of-use assets

From new and existing lease agreements and modifications	$	9.3	$	48.6	$	9.3	$	48.6

During the second quarter of 2026, the Company executed an amendment to its existing agreement related to office space in Ra’anana, Israel to buy out the remaining obligations related to a single floor for a cash payment of $1.2 million. In accordance with ASC 842, the Company accounted for the transaction as a partial termination of the lease, derecognizing $0.3 million of the associated right-of-use asset and $2.8 million of the associated lease liability. As a result, the Company recorded a gain of $2.5 million, which is presented within General and administrative on the Consolidated Statements of Operations for the three and six months ended June 30, 2026. The restructured agreement is expected to reduce the Company’s remaining minimum lease payments under the lease by approximately $4.6 million over the remainder of the lease term, before giving effect to future indexation adjustments.

Additionally, during the second quarter of 2026, the Company recognized abandonment charges of $3.3 million related to vacated spaces, representing the accelerated amortization of the associated right-of-use asset, allocated among the appropriate financial statement line items on the Consolidated Statements of Operations. The Company also recognized an impairment charge of $0.6 million to reduce the carrying value of the right-of-use asset associated with a floor of the leased premises intended to be subleased. This charge is presented within General and administrative on the Consolidated Statements of Operations for the three and six months ended June 30, 2026.