The Company has operating leases for its facilities. As of June 30, 2026 and December 31, 2025, the Company’s weighted-average remaining lease term was 6.2 years and 4.5 years, respectively. As of June 30, 2026 and December 31, 2025, the weighted-average discount rate was 6.7% and 7.6%, respectively.

The components of lease cost were as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Operating lease cost(1)
Fixed lease cost	$	2,920	$	989	$	5,188	$	1,659
Short-term cost		1,658		147		2,900		231
Total operating lease cost	$	4,578	$	1,136	$	8,088	$	1,890

(1)

The lease costs are reflected in the condensed consolidated statements of operations as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Cost of revenue	$	1,082	$	176	$	1,890	$	265
Research and development		2,550		686		4,953		1,179
Sales and marketing		271		147		465		235
General and administrative		675		127		780		211
Total operating lease cost	$	4,578	$	1,136	$	8,088	$	1,890

Supplemental cash flow and other information related to operating leases was as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Cash payments (receipts) included in the measurement of operating lease liabilities, net of lease incentives	$	2,399	$	742	$	5,003	$	1,543

As of June 30, 2026, maturities of operating lease liabilities are as follows (in thousands):


	Amount
Year Ending December 31,
2026	$	5,680
2027		14,517
2028		12,852
2029		10,824
2030		7,812
Thereafter		19,410
Total lease payments	$	71,095
Less: imputed interest		(12,645	)
Less: lease incentives		(3,952	)
Present value of operating lease liabilities	$	54,498