v3.26.1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments

The maturity of undiscounted payments due under lease liabilities and the present value of those liabilities as of June 30, 2026 were as follows (in thousands):

 

As of
June 30, 2026

 

2026

 

$

3,697

 

2027

 

 

7,557

 

2028

 

 

7,778

 

2029

 

 

8,007

 

2030

 

 

8,242

 

Thereafter

 

 

28,471

 

Total Future Minimum Leases Payments

 

 

63,752

 

Less: Interest

 

 

(21,539

)

Present Value of Operating Lease Liabilities

 

$

42,213

 

Schedule of Lease Costs

The following table summarizes the effect of lease costs in the Company’s condensed consolidated statement of operations and comprehensive loss of its operating leases (in thousands):

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease costs

 

$

1,391

 

 

$

1,411

 

 

$

2,814

 

 

$

2,823

 

Variable lease costs

 

 

493

 

 

 

423

 

 

 

1,011

 

 

 

907

 

Short-term lease costs

 

 

199

 

 

 

237

 

 

 

398

 

 

 

510

 

Total lease costs

 

$

2,083

 

 

$

2,071

 

 

$

4,223

 

 

$

4,240