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

The components of lease expense were as follows for 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

 

Operating lease expense

 

$

218

 

 

$

133

 

 

$

351

 

 

$

268

 

Variable lease expense

 

 

7

 

 

 

6

 

 

 

2

 

 

 

15

 

Total lease expense

 

$

225

 

 

$

139

 

 

$

353

 

 

$

283

 

Summary of Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to operating leases as of June 30, 2026 and December 31, 2025 was as follows:

 

 

June 30,
2026

 

 

December 31,
2025

 

Weighted average remaining lease term (in years)

 

 

5.8

 

 

6.3

 

Weighted average discount rate

 

 

9.6

 %

 

 

9.6

 %

Summary of Other Information Related to Leases

Other information related to operating leases for the three and six months ended June 30, 2026 and 2025 was as follows (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

182

 

 

$

122

 

 

$

365

 

 

$

155

 

Summary of Future Minimum Commitments Under Operating Leases

As of June 30, 2026, future minimum commitments under operating leases were as follows (in thousands):

Year Ending December 31,

 

As of June 30,
2026

 

2026 (remaining period)

 

$

437

 

2027

 

 

1,161

 

2028

 

 

1,195

 

2029

 

 

1,214

 

2030

 

 

1,252

 

Thereafter

 

 

1,565

 

Total future lease payments

 

$

6,824

 

Less: imputed interest

 

 

(1,607

)

Present value of lease payments

 

$

5,217