v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information
The following table presents the balance sheet information related to leases as follows (in thousands):
June 30,
2026 (1)
December 31,
2025
Operating lease right-of-use assets$72,704 $36,755 
Finance lease right-of-use assets78 94 
Total right-of-use assets$72,782 $36,849 
Operating lease liabilities, current$25,104 $10,466 
Operating lease liabilities, non-current68,298 26,290 
Total operating lease liabilities
93,402 36,756 
Finance lease liabilities, current$27 $48 
Finance lease liabilities, non-current19 20 
Total finance lease liabilities
46 68 
Total lease liabilities
$93,448 $36,824 
(1)     As of June 30, 2026, the lease balances included approximately $35.7 million of operating right-of-use assets, $18.1 million of operating lease liabilities, current, and $41.4 million of operating lease liabilities, non-current related to Lanteris which was acquired on January 13, 2026. See Note 3 for additional information regarding the acquisition of Lanteris.
Schedule of Lease, Cost
The components of total lease expense recorded in cost of product revenue (excluding depreciation and amortization) and general and administrative expense (excluding depreciation and amortization) are as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operating lease cost$4,653 $1,122 $7,997 $2,315 
Finance lease cost9 9 18 20 
Variable lease cost887 — 1,575 — 
Short-term lease cost113 23 238 27 
Total lease cost$5,662 $1,154 $9,828 $2,362 

The components of supplemental cash flow information are as follows (in thousands):
Six Months Ended June 30,
20262025
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Cash paid for amounts included in the measurement of lease liabilities:
Cash flows from operating activities$16,559 $2 $1,237 $4 
Cash flows from financing activities$— $9 $— $21 
Right-of-use assets obtained in exchange for new lease liabilities$1,997 $— $— $— 
Right-of-use assets increase in exchange for lease modifications$7,555 $— $— $— 
Weighted average remaining lease term (months)
1032320024
Weighted average discount rate
7.4 %8.1 %6.5 %8.0 %
Estimated Future Undiscounted Cash Flows for Operating Leases
The table below includes the estimated future undiscounted cash flows for operating and finance leases as of June 30, 2026 (in thousands):
Operating LeasesFinance
Leases
Remainder of 2026$17,475 $20 
202721,551 21 
202820,157 8 
202919,882 — 
20306,263 — 
Thereafter67,043 — 
Total undiscounted lease payments$152,371 $49 
Less: imputed interest58,969 3 
Present value of lease liabilities$93,402 $46 
Estimated Future Undiscounted Cash Flows for Finance Leases
The table below includes the estimated future undiscounted cash flows for operating and finance leases as of June 30, 2026 (in thousands):
Operating LeasesFinance
Leases
Remainder of 2026$17,475 $20 
202721,551 21 
202820,157 8 
202919,882 — 
20306,263 — 
Thereafter67,043 — 
Total undiscounted lease payments$152,371 $49 
Less: imputed interest58,969 3 
Present value of lease liabilities$93,402 $46