v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of right-of-use assets and operating lease liabilities

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

 

 
Schedule of Operating Leases 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.
Schedule of Operating Lease Liabilities

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

 

 
Schedule of Components of Lease Cost and Additional Lease Information

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

%

 

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.