v3.26.1
Employee Benefit Plans
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
The Company operates a defined benefit pension plan in Switzerland (the “Plan”) and a defined contribution pension plan in the United Kingdom, in accordance with local regulations and practices. As of June 30, 2026, the Plan covers the Company’s employees in Switzerland with benefits in the event of death, disability, retirement, or termination of employment.
Components of Net Periodic Benefit Cost under the Plan
(in thousands)
Three Months Ended June 30, 2026
Three Months Ended June 30, 2025
Six Months Ended June 30, 2026
Six Months Ended June 30, 2025
Service cost
$
142 
$
83 
$
284 
$
159 
Interest cost
16 
8 
32 
16 
Expected return on plan assets
(39)
(20)
(78)
(39)
Amortization of unrecognized loss
— 
3 
— 
6 
Prior service credit recognized in current year
(3)
(3)
(5)
(5)
Net periodic benefit cost
$
116 
$
71 
$
233 
$
137 
Employer Contributions under the Plan
For the six months ended June 30, 2026, contributions of $213 thousand (CHF 168 thousand) were made to the Plan. The Company presently anticipates contributing an additional estimated amount of $214 thousand (CHF 168 thousand) to fund the Plan in 2026 for a total of $427 thousand (CHF 336 thousand).