v3.26.1
LEASES (Tables)
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Summary of Lease Costs and Supplemental Cash Flow Information
The following table summarizes the Company’s lease costs (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Operating lease cost$1,130 $748 $2,194 $1,457 
Variable lease cost1,011 1,099 1,778 1,817 
Short-term lease cost262 33 304 141 
Total lease cost$2,403 $1,880 $4,276 $3,415 
Supplemental cash flow information related to leases was as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$1,005 $686 $1,996 $1,348 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$8,061 $489 $22,114 $823 
Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases was as follows (in thousands):
June 30,December 31,
20262025
Operating leases:
Right-of-use assets$30,911 $10,000 
Total assets30,911 10,000 
   Accrued liabilities2,793 3,313 
Operating lease liabilities, non-current29,860 7,143 
Total operating lease liabilities$32,653 $10,456 
June 30,December 31,
20262025
Weighted-average remaining lease term in years
Operating leases11.14.3
Weighted-average discount rate
Operating leases6.2 %3.7 %
Summary of Maturities of Operating Leases
As of June 30, 2026, maturities of operating lease liabilities were as follows (in thousands):
June 30,
2026
Remainder of 2026$2,344 
20274,647 
20284,307 
20294,102 
20303,685 
Thereafter27,782 
Total lease payments46,867 
Less - interest(14,214)
Total$32,653 
Summary of Lease Income
The lease income was as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenue—net$32 $— $32 $— 
Total lease income
$32 $— $32 $— 
The lease income was as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenue—net$— $— $— $16,526 
Total lease income
$— $— $— $16,526 
Summary of Future Minimum Lease Payments to be Received Under the Sublease
As of June 30, 2026, future minimum lease payments to be received under the sublease are as follows (in thousands):
Remainder of 2026$190 
2027390 
Total future minimum lease payments$580 
Supplemental Balance Sheet Information Related to Sales-Type Lease
Supplemental balance sheet information related to sales-type lease was as follows (in thousands):
June 30,December 31,
20262025
Net investment in lease, current portion
$5,773 $5,773 
Net investment in lease, non-current portion
7,216 10,102 
Total assets
$12,989 $15,875 
Summary of Future Minimum Lease Payments to be Received Under the Sales-Type Lease
As of June 30, 2026, future minimum lease payments to be received under the sales-type lease are as follows (in thousands):
Remainder of 2026$2,887 
20275,773 
20284,329 
Total future minimum lease payments$12,989