v3.26.1
Leases (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Lease-Related Costs
Lease-related costs for the three and six months ended June 30, 2026 and 2025 are as follows (in thousands):
Three months ended June 30,Six months ended June 30,
2026202520262025
Operating lease cost$458 $864 $893 $1,728 
Variable lease cost223 392 425 823 
Total lease cost$681 $1,256 $1,318 $2,551 
Future Minimum Lease Payments Under Non-Cancellable Leases
Future minimum lease payments under non-cancellable leases as of June 30, 2026 are as follows (dollars in thousands):
Remaining Lease Payments
Remainder of 2026$1,042 
20271,996 
2028354 
2029119 
Total remaining undiscounted lease payments3,511 
Less: Imputed interest(258)
Total lease liabilities3,253 
Less: current portion(1,843)
Long-term operating lease liabilities$1,410 
Weighted-average remaining lease term (in years)1.8
Weighted-average discount rate8.1 %
Supplemental Cash Flow Information Related to Operating Leases
The following table provides certain cash flow and supplemental cash flow information related to the Company’s lease liabilities for the six months ended June 30, 2026 and 2025 (in thousands):
Six months ended June 30,
20262025
Operating cash paid to settle operating lease liabilities$1,052 $2,254