v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Lease, Cost

The components of lease expense and supplemental information were as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease costs

 

$

959

 

 

$

959

 

 

$

1,918

 

 

$

1,918

 

Variable lease costs

 

 

216

 

 

 

243

 

 

 

446

 

 

 

464

 

Short-term lease costs

 

 

18

 

 

 

48

 

 

 

38

 

 

 

96

 

Total lease costs

 

$

1,193

 

 

$

1,250

 

 

$

2,402

 

 

$

2,478

 

 

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

Weighted-average remaining lease term (in years)

 

 

6.3

 

 

 

7.3

 

Weighted-average incremental borrowing rate

 

 

6.2

%

 

 

6.2

%

 
Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases is as follows (in thousands):

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

1,973

 

 

$

1,917

 

 
Schedule of Future Minimum Commitments

As of June 30, 2026, future minimum commitments under the Company’s non-cancelable facility operating leases are as follows (in thousands):

 

Years ending December 31,

 

 

 

2026 (remaining six months)

 

$

1,985

 

2027

 

 

4,072

 

2028

 

 

4,191

 

2029

 

 

4,312

 

2030

 

 

4,444

 

Thereafter

 

 

8,118

 

Total undiscounted future minimum lease payments

 

 

27,122

 

Present value adjustment for minimum lease commitments

 

 

(4,732

)

Total operating lease liabilities

 

$

22,390