v3.26.1
Leases
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
Operating Leases
Company as a lessee
The Company enters into operating leases in the normal course of business, primarily for office space. As of June 30, 2026, the Company had five operating leases with remaining lease terms of less than one year to four years.
In conjunction with one of the operating leases, the Company secured a letter of credit which has a balance of $605, as of June 30, 2026, and December 31, 2025, the balance was recorded as “Restricted cash” on the condensed consolidated balance sheets.
Components of lease cost included in “Selling, general and administrative expenses” on the condensed consolidated statements of operations are as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Operating lease cost$724 $834 $1,583 $1,549 
Short-term lease cost62 78 128 224 
Sublease income(56)(169)(225)(337)
Total lease cost$730 $743 $1,486 $1,436 
Supplemental cash flow information related to the leases is as follows:
Six Months Ended
June 30,
20262025
Cash paid for amounts included in the measurement of lease liabilities$1,578 $1,678 
Right-of-use assets obtained in exchange for lease liabilities:
New operating leases entered into during the period $— $1,703 
Operating lease modification— 663 
$— $2,366 
Supplemental balance sheet information related to the leases is as follows:
June 30,
2026		December 31,
2025
Assets:
Right-of-use assets$3,264$4,723
Liabilities:
Accrued expenses and other current liabilities$1,363$2,155
Lease liability, long-term portion1,9122,574
Total operating lease liabilities$3,275$4,729
Weighted average remaining operating lease term (years)2.42.5
Weighted average operating lease discount rate6.9%7.1%
The Company’s leases do not provide a readily determinable implicit discount rate. The Company estimates its incremental borrowing rate as the discount rate based on the information available at lease commencement. Future maturities of lease liabilities are as follows:
Remainder of 2026$621 
20271,386 
20281,001 
2029585 
Thereafter— 
Total lease payments$3,593 
Less: imputed interest(318)
Total lease liabilities$3,275 
As of June 30, 2026, the Company has entered into one lease agreement that had not yet commenced for a term of 5 years with minimum lease payments of $3,130. The lease is expected to commence in the third quarter of 2026.
There were no leases with residual value guarantees as of June 30, 2026.