v3.26.1
Leases
 6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
The Company leases office space in Canada, Germany, Spain, the U.K. and the U.S. Our leases have remaining lease terms ranging from less than one year to up to five years.
The following table summarizes the components of lease expense for the three and six months ended June 30, 2026 and 2025 (in thousands):
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Operating lease cost$421 $577 $925 $1,130 
Short-term lease cost336 138 575 278 
Variable lease cost133 116 372 230 
    Total lease cost$890 $831 $1,872 $1,638 
Cash payments against the operating lease liabilities totaled $1.7 million and $0.9 million for the six months ended June 30, 2026 and 2025. ROU assets obtained in exchange for lease obligations was $1.2 million and $0.3 million for the six months ended June 30, 2026 and 2025, respectively.
The following table summarizes the presentation in our condensed consolidated balance sheets of our operating leases (in thousands):
June 30, 2026December 31, 2025
Assets:
Operating lease right-of-use assets$4,334 $4,047 
Liabilities:
Operating lease liabilities$2,026 $1,811 
Long-term operating lease liabilities4,074 4,184 
Total operating lease liabilities$6,100 $5,995 
Weighted average remaining lease term (years)3.283.84
Weighted average discount rate4.4 %4.1 %

Maturities of lease liabilities were as follows (in thousands):
Years ending December 31,
2026 (excluding the six months ended June 30, 2026)$1,574 
20272,083 
20281,736 
20291,493 
2030225 
    Total lease payments7,111 
Less interest(1,011)
    Present value of operating lease liabilities$6,100