Leases |
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| Leases | 7. Leases The Company has operating lease arrangements for facilities under non-cancellable agreements with various expiration dates through 2031. The agreements may include renewal options to extend the term that the Company is not reasonably certain to exercise. In May 2026, the Company extended an existing facility lease and entered into a new lease for additional facility space in California, both expiring in December 2027, resulting in aggregate additions of $1.2 million to operating lease right-of-use assets and lease liabilities. Rent expense related to operating lease liabilities was $0.7 million and $1.4 million for the three and six months ended June 30, 2026, respectively, and $0.7 million and $1.3 million for the three and six months ended June 30, 2025, respectively. Variable lease costs and short-term lease expenses were not material during the periods presented. As of June 30, 2026, future minimum lease payments for the Company’s operating lease liabilities were as follows (in thousands):
The following table summarizes additional information related to operating leases for the periods presented:
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