v3.26.1
LEASES
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
LEASES LEASES
Operating Leases – Right of Use Asset and Liability
The Company leases its facilities, which include office and warehouse space, under non-cancelable lease agreements with terms expiring between August 2026 and September 2031. The Company also has leases for cargo vans with terms expiring between November 2026 and March 2028. Certain of these arrangements have free rent, escalating rent payment provisions, lease renewal options, and tenant allowances. Under such arrangements, the Company recognizes an ROU asset and lease liability on the unaudited condensed consolidated balance sheets. Lease costs are recognized on a straight-line basis over the non-cancelable lease term.
The components of lease costs related to the Company’s operating leases are classified in the unaudited condensed consolidated statements of operations and comprehensive loss as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operations$938 $495 $1,833 $686 
General and administrative304 5 472 28 
Research and development3 5 9 74 
Sales and marketing1 — 1 — 
Total lease costs$1,246 $505 $2,315 $788 
The components of lease costs were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operating lease costs$765 $416 $1,563 $655 
Variable lease costs448 89 675 133 
Short-term lease costs33 — 77 — 
Total lease costs$1,246 $505 $2,315 $788 
Supplemental cash flow information related to leases is as follows (in thousands):
Six Months Ended June 30,
20262025
Operating cash flows paid for operating leases$1,288 $534 
Right-of-use assets obtained in exchange for operating lease obligations$5,584 $1,172 
Supplemental balance sheet information related to leases is as follows:
June 30,
2026		December 31,
2025
Weighted-average remaining lease term (in years)4.123.42
Weighted-average discount rate7.47 %7.39 %
The maturities of lease liabilities as of June 30, 2026, are as follows (in thousands):
Remainder of 2026$1,472 
20273,120 
20282,187 
20292,003 
20301,773 
Thereafter
743 
Total undiscounted future cash flows11,298 
Less: imputed interest(1,601)
Total operating lease liabilities$9,697 
As of June 30, 2026, the Company had no additional operating lease commitments for non-cancelable leases that had not yet commenced.
Finance Lease – Failed Sales-Leaseback
In November 2022, the Company entered into a lease agreement with Farnam Capital for its robot assets. As per ASC 842-40-25-1, the transaction was considered a failed sales-leaseback and therefore the lease was accounted for as a financing agreement. In April 2025, the Company exercised the option to purchase the assets at the end of the lease for $2.2 million. There was no outstanding liability at June 30, 2026.
LEASES LEASES
Operating Leases – Right of Use Asset and Liability
The Company leases its facilities, which include office and warehouse space, under non-cancelable lease agreements with terms expiring between August 2026 and September 2031. The Company also has leases for cargo vans with terms expiring between November 2026 and March 2028. Certain of these arrangements have free rent, escalating rent payment provisions, lease renewal options, and tenant allowances. Under such arrangements, the Company recognizes an ROU asset and lease liability on the unaudited condensed consolidated balance sheets. Lease costs are recognized on a straight-line basis over the non-cancelable lease term.
The components of lease costs related to the Company’s operating leases are classified in the unaudited condensed consolidated statements of operations and comprehensive loss as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operations$938 $495 $1,833 $686 
General and administrative304 5 472 28 
Research and development3 5 9 74 
Sales and marketing1 — 1 — 
Total lease costs$1,246 $505 $2,315 $788 
The components of lease costs were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operating lease costs$765 $416 $1,563 $655 
Variable lease costs448 89 675 133 
Short-term lease costs33 — 77 — 
Total lease costs$1,246 $505 $2,315 $788 
Supplemental cash flow information related to leases is as follows (in thousands):
Six Months Ended June 30,
20262025
Operating cash flows paid for operating leases$1,288 $534 
Right-of-use assets obtained in exchange for operating lease obligations$5,584 $1,172 
Supplemental balance sheet information related to leases is as follows:
June 30,
2026		December 31,
2025
Weighted-average remaining lease term (in years)4.123.42
Weighted-average discount rate7.47 %7.39 %
The maturities of lease liabilities as of June 30, 2026, are as follows (in thousands):
Remainder of 2026$1,472 
20273,120 
20282,187 
20292,003 
20301,773 
Thereafter
743 
Total undiscounted future cash flows11,298 
Less: imputed interest(1,601)
Total operating lease liabilities$9,697 
As of June 30, 2026, the Company had no additional operating lease commitments for non-cancelable leases that had not yet commenced.
Finance Lease – Failed Sales-Leaseback
In November 2022, the Company entered into a lease agreement with Farnam Capital for its robot assets. As per ASC 842-40-25-1, the transaction was considered a failed sales-leaseback and therefore the lease was accounted for as a financing agreement. In April 2025, the Company exercised the option to purchase the assets at the end of the lease for $2.2 million. There was no outstanding liability at June 30, 2026.