Leases (Tables)

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

Assets and Liabilities

Total right-of-use (“ROU”) assets and lease liabilities are as follows:


		June 30,				December 31,
		2026				2025
		(In thousands)
Right-of-use assets:
Net book value (Other assets)		$	20,921			$	7,633
Operating lease liabilities:
Current (Accrued expenses and other current liabilities)		$	—			$	1,917
Noncurrent (Other noncurrent liabilities)			22,428				6,970
Total operating lease liabilities			22,428				8,887
Financing lease liabilities:
Current (Accrued expenses and other current liabilities)		$	107			$	182
Noncurrent (Other noncurrent liabilities)			110				145
Total financing lease liabilities		$	217			$	327
Total lease liabilities		$	22,645			$	9,214

Lease-Related Balances

Information about lease-related balances were as follows:


		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
		(In thousands, except years and percentages)
Operating lease expense		$	864			$	578			$	1,539			$	1,156
Financing lease expense			56				40				113				80
Short-term lease expense			45				45				488				86
Total lease expense		$	965			$	663			$	2,140			$	1,322
Cash paid for leases		$	740			$	595			$	1,480			$	1,190

Information Related to Lease Terms and Discount Rates

'Other information related to lease terms and discount rates is as follows:


		As of June 30, 2026				As of December 31, 2025
Weighted — average remaining lease term — operating leases (years)			14.1				6.3
Weighted — average discount rate — operating leases			9.2	%			9.0	%
Weighted — average remaining lease term — financing leases (years)			2.1				2.2
Weighted — average discount rate — financing leases			4.6	%			5.6	%

Future Minimum Operating Lease Payments

Maturity of operating lease liabilities as of June 30, 2026 are as follows:


		Operating Leases				Financing Leases				Total
Year Ending December 31,		(In thousands)
Remainder of 2026		$	(874	)		$	75			$	(799	)
2027			1,864				75				1,939
2028			2,712				75				2,787
2029			2,824				—				2,824
2030			2,941				—				2,941
Thereafter			35,503				—				35,503
Total operating lease payments		$	44,970			$	225			$	45,195
Less: Portion representing imputed interest			(22,542	)			(8	)			(22,550	)
Total operating lease liabilities		$	22,428			$	217			$	22,645
Less: Current portion			—				107				107
Long-term portion		$	22,428			$	110			$	22,538