Leases (Tables)

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

Summary of Lease Expense

The elements of lease expense were as follows:


		Three Months Ended June 30,								Six Months Ended June 30,
(in thousands)		2026				2025				2026				2025
Operating lease cost		$	158			$	13,085			$	316			$	15,036
Variable lease cost			67				774				126				1,485
Total lease cost		$	225			$	13,859			$	442			$	16,521

Summary of Amounts Reported in Condensed Consolidated Balance Sheets and Weighted-average Lease Term and Discount rate Information

Amounts reported in the condensed consolidated balance sheets and the weighted-average lease term and discount rate information were as follows:


(in thousands except weighted-average amounts)		June 30, 2026					December 31, 2025
Assets
Operating lease right-of-use assets		$		2,718			$		2,936
Liabilities
Operating lease liabilities, current		$		335			$		280
Operating lease liabilities, non-current				2,542					2,720
Total lease liabilities		$		2,877			$		3,000
Weighted-Average Lease Term and Discount Rate
Weighted-average remaining lease term (years)				5.2				5.7
Weighted-average discount rate				6.7	%				6.7	%

Summary of Other Lease Activity

The following table represents other lease activity:


		Three months ended								Six months ended
(in thousands)		2026				2025				2026				2025
Other Information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases		$	110			$	10,196			$	220			$	11,884