v3.26.1
Leases
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
The Company leases various operating spaces in the United States, Asia and Europe under non-cancellable operating lease arrangements that expire on various dates through April 2028. These arrangements require us to pay certain operating expenses, such as taxes, repairs and insurance, and contain renewal and escalation clauses.

The table below presents the Company’s right-of-use assets and lease liabilities as of June 30, 2026 and December 31, 2025 (in thousands):

As of June 30, 2026As of December 31, 2025
Operating leases
Right-of-use assets:
Other non-current assets$6,634 $8,858 
Total right-of-use assets$6,634 $8,858 
Lease liabilities:
Accrued liabilities$5,728 $5,562 
Other non-current liabilities838 3,409 
Total operating lease liabilities$6,566 $8,971 

The aggregate future lease payments for non-cancelable operating leases as of June 30, 2026 were as follows (in thousands):

Remainder of 2026$2,904 
20273,382 
2028308 
202932 
Total lease payments6,626 
Less: imputed interest(60)
Present value of lease liabilities$6,566 

The components of lease costs were as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operating lease costs$1,101 $1,055 $2,196 $2,141 
Short-term lease costs71 154 217 340 
Total lease costs$1,172 $1,209 $2,413 $2,481 

Average lease terms and discount rates for the Company’s operating leases were as follows:
Three Months Ended June 30,
20262025
Weighted-average remaining term (years)1.232.14
Weighted-average discount rate3.63%3.54%
Supplemental cash flow information for the Company’s operating leases were as follows (in thousands):
Six Months Ended June 30,
20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$2,800 $2,709