v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Table Text Blocks  
Schedule of components of lease cost and supplemental cash flow information

Lease cost is recognized on a straight-line basis over the lease term. The components of lease cost for the three and six months ended June 30, 2026 and 2025 are as follows (in thousands):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

2026

2025

2026

2025

Operating lease cost

$

627

$

627

$

1,254

$

1,254

Short-term lease cost

39

125

80

359

Total lease cost

$

666

$

752

$

1,334

$

1,613

 

Supplemental information related to leases for the periods reported is as follows:

Six Months Ended

June 30, 

2026

2025

Cash paid for amounts included in the measurement of lease liabilities (in thousands)

$

1,613

$

1,581

Weighted-average remaining lease term of operating leases (in years)

4.0

5.0

Weighted-average discount rate of operating leases

5.8

%

5.8

%

 

Schedule of future minimum lease payments under non-cancelable operating leases

2026(1)

$

1,640

2027

3,317

2028

3,384

2029

3,451

2030

 

1,451

Total future minimum lease payments

13,243

Less: present value adjustment

(1,377)

Operating lease liabilities

11,866

Less: current portion of operating lease liabilities

(3,285)

Operating lease liabilities, net of current portion

$

8,581

(1)For the six months ending December 31, 2026.