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

The following table summarizes the components of lease expense, which are included in operating expenses in the Company’s condensed statements of operations (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease cost

 

$

1,344

 

 

$

1,344

 

 

$

2,688

 

 

$

2,688

 

Variable lease cost

 

 

678

 

 

 

648

 

 

 

1,355

 

 

 

1,422

 

Total

 

$

2,022

 

 

$

1,992

 

 

$

4,043

 

 

$

4,110

 

 

Summary of Supplemental Information Related to Operating Leases

The following table summarizes supplemental information related to operating leases:

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Weighted-average remaining lease term (in years):

 

 

4.4

 

 

 

4.8

 

Weighted-average discount rate:

 

 

10.8

%

 

 

10.8

%

Summary of Maturities of Lease Liabilities

The following table summarizes the maturities of lease liabilities as of June 30, 2026 (in thousands):

 

2026 (remaining six months)

 

$

2,725

 

2027

 

 

5,350

 

2028

 

 

5,510

 

2029

 

 

5,675

 

2030

 

 

5,455

 

Total future minimum lease payments

 

 

24,715

 

Less: Amount representing interest

 

 

(5,085

)

Present value of future minimum lease payments

 

 

19,630

 

Less: Current portion of operating lease liabilities

 

 

(5,374

)

Long-term portion of operating lease liabilities

 

$

14,256