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

The components of operating lease expense were as follows (in thousands):

 

 

For the Three Months
Ended June 30,

 

 

For the Three Months
Ended June 30,

 

 

For the Six Months
Ended June 30,

 

 

For The Six Months
Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Lease cost:

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

623

 

 

$

374

 

 

$

1,047

 

 

$

821

 

Variable lease cost

 

 

 

 

 

2

 

 

 

 

 

 

6

 

Total lease cost

 

$

623

 

 

$

376

 

 

$

1,047

 

 

$

827

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows related to operating leases

 

$

399

 

 

$

360

 

 

$

775

 

 

$

785

 

Schedule of Future Minimum Payments Under Non-cancellable Purchase Obligations

Future minimum lease payments under the noncancelable leases as of June 30, 2026 was as follows (in thousands):

Year Ending December 31,

Operating Lease

 

2026 (excluding the six months ended June 30, 2026)

$

1,117

 

2027

 

2,549

 

2028

 

917

 

2029

 

1,026

 

2030

 

1,051

 

Thereafter

 

6,594

 

Total lease payments

 

13,254

 

Less: tenant improvement allowance reimbursements yet to be received

 

(956

)

Present value adjustment

 

(3,907

)

Present value of operating lease liability

$

8,391