v3.26.1
Leases (Tables)
6 Months Ended
Jun. 30, 2026
Lessee Disclosure [Abstract]  
Components of Lease Expense

The components of lease expense included in the Company’s condensed consolidated statements of operations and comprehensive income (loss) include (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease expense

 

$

359

 

 

$

331

 

 

$

718

 

 

$

592

 

Variable lease expense

 

 

88

 

 

 

215

 

 

 

207

 

 

 

395

 

Total lease expense, net

 

$

447

 

 

$

546

 

 

$

925

 

 

$

987

 

Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate

The weighted average remaining lease term and weighted average discount rate for operating leases were as follows:

 

 

As of June 30,

 

 

 

2026

 

 

2025

 

Weighted average remaining lease term (in years)

 

 

4.40

 

 

 

5.40

 

Weighted average discount rate percentage

 

 

9.00

%

 

 

9.00

%

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases under which the Company is the lessee was as follows (amounts in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cash paid for amounts included in the measurement of operating leases

 

$

365

 

 

$

557

 

 

$

609

 

 

$

845

 

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of June 30, 2026 were as follows (in thousands):

 

 

Operating
lease

 

Six months ending December 31, 2026

 

$

875

 

2027

 

 

1,528

 

2028

 

 

1,574

 

2029

 

 

1,621

 

2030

 

 

1,529

 

Total future lease payments

 

 

7,127

 

Less: imputed interest

 

 

(1,264

)

Total operating lease liabilities

 

$

5,863