LEASES (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of balance sheet classification of the Company's right-of-use asset and lease liabilities

The balance sheet classification of the Company’s right-of-use asset and lease liabilities was as follows (in thousands):


		June 30,			December 31,
		2026			2025
Operating lease right-of-use assets		$	43,480		$	45,899
Operating lease liabilities
Current portion included in current liabilities		$	2,673		$	4,043
Long-term portion included in non-current liabilities			43,330			44,401
Total operating lease liabilities		$	46,003		$	48,444

Schedule of components of lease expenses

The following table summarizes components of lease expenses, which were included in total expenses in the Company’s condensed consolidated statements of operations and in inventory in the condensed consolidated balance sheets, and other information related to the Company’s operating leases as follows (in thousands, except weighted-average remaining lease terms and discount rates):


		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2026			2025			2026			2025
Operating lease cost		$	1,774		$	3,925		$	4,548		$	7,893
Variable lease cost			421			639			929			1,582
Short-term lease cost			58			79			130			183
Total lease cost		$	2,253		$	4,643		$	5,607		$	9,658

Other information
Cash paid for amounts included in the measurement of lease liabilities included in cash flows from operations		$	1,644		$	3,620		$	4,568		$	7,830
Increase (decrease) in right-of-use assets from lease modifications		$	—		$	1,925		$	359		$	496
Weighted-average remaining lease terms (years)									14.02			13.59
Weighted-average discount rates									7.5	%		7.7	%

Schedule of minimum lease commitments

As of June 30, 2026, the maturities of the Company’s operating lease liabilities were as follows (in thousands):



		Facility
Year Ending December 31,		leases			Total
2026		$	3,303		$	3,303
2027			5,469			5,469
2028			5,016			5,016
2029			4,838			4,838
2030			4,610			4,610
Thereafter			53,393			53,393
Total lease payments		$	76,629		$	76,629
Less: Present value adjustment			(30,626)			(30,626)
Operating lease liabilities		$	46,003		$	46,003