Leases (Tables)

6 Months Ended

Jun. 30, 2026

The following table summarizes assets and liabilities related to the Company’s operating leases:


	Condensed Consolidated Balance Sheets Location	June 30, 2026		December 31, 2025
		(In thousands)
Operating lease assets	Operating lease right-of-use assets, net	$	28,622	$	28,810

Current liabilities	Accrued and other current liabilities	$	10,050	$	9,108
Non-current liabilities	Operating lease liabilities, non-current	$	20,442	$	21,674

The following table presents the components of the Company’s total lease expense:


	Condensed Consolidated Statements	Three Months Ended June 30,				Six Months Ended June 30,
	of Operations Location	2026		2025		2026		2025
		(In thousands)
Operating lease cost:
Fixed lease costs	Cost of revenue and operating expenses	$	3,298	$	2,891	$	6,543	$	5,198
Variable lease costs	Operating expenses	315		306		726		480
Short-term lease costs	Operating expenses	331		418		697		820
Lease impairment cost	Impairment charges	—		—		—		99
Sublease income	Operating expenses	(466)		(107)		(949)		(164)
Total lease cost		$	3,478	$	3,508	$	7,017	$	6,433

The following table summarizes weighted-average lease terms and discount rates for the Company’s operating leases:

June 30, 2026

December 31, 2025

Weighted-average remaining lease term (in years)

3.42 years

3.53 years

Weighted-average discount rate

10.01%

9.85%

As of June 30, 2026, the maturities of the Company’s lease liabilities under operating leases were as follows:


Year	Operating Leases
	(In thousands)
Remainder of 2026	$	6,448
2027	11,685
2028	9,078
2029	6,496
2030	2,632
Thereafter	979
Total minimum payments required	$	37,318
Less: imputed interest	6,826
Total present value of lease liabilities	$	30,492