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

The following table sets forth information about the Company’s lease costs for the three and six months ended June 30, 2026 and 2025:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease cost

 

$

4,923

 

 

$

5,670

 

 

$

9,915

 

 

$

11,244

 

Short-term lease cost

 

 

228

 

 

 

410

 

 

 

568

 

 

 

905

 

Finance lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

 

436

 

 

 

378

 

 

 

824

 

 

 

695

 

Interest on lease liabilities

 

 

987

 

 

 

461

 

 

 

1,807

 

 

 

819

 

Total lease costs

 

$

6,574

 

 

$

6,919

 

 

$

13,114

 

 

$

13,663

 

 

The following table sets forth supplemental cash flow information about the leases for the six months ended June 30, 2026 and 2025:

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

ROU assets obtained in exchange for lease liabilities

 

 

 

 

 

 

Operating lease liabilities

 

$

3,970

 

 

$

8,023

 

Finance lease liabilities

 

$

8,370

 

 

$

14,023

 

 

Supplemental balance sheet information related to the leases is as follows:

 

June 30,
2026

 

 

December 31,
2025

 

Weighted-average remaining lease term – operating leases

 

9.37 years

 

 

9.22 years

 

Weighted-average discount rate – operating leases

 

 

8.81

%

 

 

7.48

%

Weighted-average remaining lease term – finance leases

 

3.42 years

 

 

4.31 years

 

Weighted-average discount rate – finance leases

 

 

12.58

%

 

 

11.71

%

 

Schedule of Future Minimum Lease Payments Under Operating and Finance Leases

The Company’s future lease payments under operating leases as of June 30, 2026 are as follows:

Fiscal Year

 

Amount

 

Remainder of 2026

 

$

9,319

 

2027

 

 

15,928

 

2028

 

 

10,100

 

2029

 

 

7,593

 

2030

 

 

5,656

 

Thereafter

 

 

38,185

 

Total undiscounted cash flows

 

 

86,781

 

Less: Imputed interest

 

 

(30,870

)

Present value of lease liabilities

 

$

55,911

 

 

The Company’s future lease payments under finance leases as of June 30, 2026 are as follows:

Fiscal Year

 

Amount

 

Remainder of 2026

 

$

5,537

 

2027

 

 

10,409

 

2028

 

 

11,002

 

2029

 

 

5,494

 

2030

 

 

3,778

 

Thereafter

 

 

 

Total undiscounted cash flows

 

 

36,220

 

Less: Imputed interest

 

 

(7,145

)

Present value of lease liabilities

 

$

29,075