Right-of-use assets and operating lease liabilities are as follows:


	June 30,		December 31,
	2026		2025
Assets:
Operating lease right-of-use assets	$	6,263	$	6,884
Liabilities:
Operating lease liabilities - current	$	2,482	$	2,413
Operating lease liabilities - non-current		4,140		4,832
Total operating lease liabilities	$	6,622	$	7,245

Weighted-average lease term and discount rate are as follows:


	As of June 30,
	2026			2025
Weighted-average remaining lease term (in years)		5.7			6.4
Weighted-average discount rate		6.3	%		6.2	%

The Company has entered into lease agreements with both affiliates and third parties. Refer to Note 8. Related Party Transactions for additional details. The Company's operating leases are summarized as follows:


Class of Assets	Initial Term	Renewal Option	Other Terms and Conditions
Office space	3 to 10 years	Yes	(1), (2)
Office equipment	5.25 years	Not applicable	Not applicable

(1)

Includes variable lease payments.

(2)

Includes rent escalation provisions.

As of June 30, 2026, maturities of operating lease liabilities are as follows:


Due in 12 months following June 30,	Operating Leases
2026	$	1,651
2027		1,380
2028		1,077
2029		1,103
2030		1,091
Thereafter		1,597
Total undiscounted liabilities		7,899
Less: Imputed interest		1,277
Total operating lease liabilities	$	6,622

Quantitative information regarding the components of lease cost and cash payments related to operating leases for the periods presented is as follows:


		Three Months Ended June 30,						Six Months Ended June 30,
		2026			2025			2026			2025
Operating lease cost (1)	$		432	$		437	$		858	$		872
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows – operating leases							$		829	$		816

(1)

Included within cost of revenue, selling, general and administrative, and research and development expenses in the Consolidated Statements of Income.