v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Summary of Consolidated Balance Sheets and Statements of Cash Flow related to Leases

Supplemental information on the Company’s condensed consolidated balance sheet and statements of cash flows as of June 30, 2026 and 2025 and for the six months ended June 30, 2026 and 2025, respectively, related to the Company's leases was as follows (in thousands):

 

 

 

June 30,

 

 

 

2026

 

 

2025

 

Weighted-average remaining lease term (in years)

 

 

2.6

 

 

 

3.6

 

Weighted-average discount rate

 

 

10.6

%

 

 

10.4

%

 

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

Cash flows

 

 

 

 

 

 

Cash paid for amounts included in lease liabilities:

 

 

 

 

 

 

Operating cash flows used for operating leases

 

$

973

 

 

$

949

 

 

Summary of Future Minimum Operating Lease Payments

As of June 30, 2026, minimum annual rental payments under the Company’s operating lease agreements are as follows (in thousands), excluding short-term leases:

 

Year ending December 31,

 

 

 

2026 (remaining six months)

 

$

977

 

2027

 

 

1,278

 

2028

 

 

1,330

 

2029

 

 

458

 

Total undiscounted future minimum lease payments

 

$

4,043

 

Less: Imputed interest

 

 

(494

)

Total operating lease liability

 

$

3,549

 

Less: Current portion of operating lease liability

 

 

1,329

 

Operating lease liability, less current portion

 

$

2,220