Leases |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases | Leases The Company leases its facilities under non-cancelable operating leases with various expiration dates. Leases may contain escalating payments. The Company’s total operating lease costs were $0.1 million and $0.6 million for the three months ended June 30, 2026 and 2025, respectively. The Company’s total operating lease costs were $0.3 million and $1.2 million for the six months ended June 30, 2026 and 2025, respectively. The Company did not incur any variable lease costs for the three and six months ended June 30, 2026. The Company’s total operating lease costs included variable costs in the amount of $0.4 million and $0.9 million for the three and six months ended June 30, 2025, respectively. Variable lease costs are primarily comprised of maintenance costs and are determined based on the actual costs incurred during the period. Variable lease payments are expensed in the period incurred and not included in the measurement of lease assets and liabilities. The Company’s total operating lease costs also include short-term lease costs which were immaterial for the three and six months ended June 30, 2026 and 2025. As of June 30, 2026 and December 31, 2025, the weighted average remaining operating lease term was 3.9 years and 4.3 years, respectively. The weighted average discount rate used to estimate operating lease liabilities for leases that existed as of June 30, 2026 and December 31, 2025 was 10.5% and 10.8%, respectively. Cash paid for amounts included in the measurement of operating lease liabilities was immaterial and $1.1 million for the three months ended June 30, 2026 and 2025, respectively. Cash paid for amounts included in the measurement of operating lease liabilities was $0.2 million and $2.1 million for the six months ended June 30, 2026 and 2025, respectively. As of June 30, 2026, maturities of operating lease liabilities were as follows:
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