v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Summary of Total Lease Expense

The following table summarizes total lease expense during the three and six months ended June 30, 2026 and 2025 (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Straight-line operating lease expense

 

$

 

302

 

 

$

 

288

 

 

$

 

601

 

 

$

 

575

 

Variable lease expense

 

 

 

105

 

 

 

 

91

 

 

 

 

213

 

 

 

 

184

 

Short-term lease expense

 

 

 

13

 

 

 

 

 

 

 

 

13

 

 

 

 

 

Total operating lease expense

 

$

 

420

 

 

$

 

379

 

 

$

 

827

 

 

$

 

759

 

Summary of Supplemental Cash Flow Information

The following table summarizes supplemental cash flow information during the three and six months ended June 30, 2026 and 2025 (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cash paid for amounts included measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease liability arising from obtaining a right-use-asset

 

$

 

 

 

$

 

896

 

 

$

 

55

 

 

$

 

896

 

Operating cash flows from operating leases

 

$

 

313

 

 

$

 

311

 

 

$

 

625

 

 

$

 

620

 

 

Summary of Future Minimum Lease Payments

The following table summarizes the Company’s future minimum lease payments and reconciliation of lease liabilities as of June 30, 2026 (in thousands):

 

Years Ending

 

 

 

 

2026 (From July 2026)

 

$

 

602

 

2027

 

 

 

69

 

Total future minimum lease payments

 

 

 

671

 

Less: Interest

 

 

 

11

 

Total lease liabilities at present value

 

 

 

660

 

Lease liabilities, current

 

 

 

660

 

Lease liabilities, non-current

 

$

 

 

Summary of Lease Term and Discount Rate

The following table summarizes the lease term and discount rate as of June 30, 2026 and 2025:

 

 

 

June 30,

 

 

 

2026

 

 

2025

 

Weighted-average remaining lease term (years)

 

 

0.55

 

 

 

1.51

 

Weighted-average discount rate

 

 

8.50

%

 

 

9.00

%