v3.26.1
LEASES, COMMITMENTS, AND CONTINGENCIES
 6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
LEASES, COMMITMENTS, AND CONTINGENCIES LEASES, COMMITMENTS, AND CONTINGENCIES
Leases

The Company’s financing lease right-of-use (ROU) asset is included in other non-current assets in the condensed consolidated balance sheets.

In June 2026, the Company entered into a new lease for its warehouse facility which extended the lease term until November 30, 2031. The lease includes one option to extend the lease for five years that the Company is not reasonably certain to exercise at the lease commencement; therefore, the extension term is not recognized in the calculation of the lease liability.


The components of lease expense were as follows:
Three Months Ended June 30,Six Months Ended June 30,
In Thousands2026202520262025
Finance lease costs$27 $30 $54 $60 
Operating lease costs1,215 2,120 2,435 3,647 
Variable lease costs609 912 1,380 1,920 
Total$1,851 $3,062 $3,869 $5,627 
Operating lease costs for short-term leases was not material for the three and six months ended June 30, 2026, or 2025.
Supplemental cash flow information related to leases was as follows:
Six Months Ended June 30,
In Thousands20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows (operating leases)$2,530 $2,509 

Supplemental balance sheet information related to leases was as follows:
As of June 30, 2026As of December 31, 2025
OperatingFinancingOperatingFinancing
Weighted average remaining lease term (years)8.60.29.10.7
Weighted average discount rate7.5%10.6%7.5%10.6%
As of June 30, 2026, future minimum payments under operating leases were as follows:
In Thousands
Operating
Remainder of 2026$2,529 
20275,211 
20285,253 
20295,082 
20305,188 
Thereafter20,486 
43,749 
Less: interest(11,872)
Total$31,877 
Current portion$2,859 
Noncurrent portion$29,018 
Litigation and Claims

From time-to-time, the Company may be involved in legal proceedings arising in the ordinary course of business. The Company is not a party to any material pending legal proceedings as of June 30, 2026.
LEASES, COMMITMENTS, AND CONTINGENCIES LEASES, COMMITMENTS, AND CONTINGENCIES
Leases

The Company’s financing lease right-of-use (ROU) asset is included in other non-current assets in the condensed consolidated balance sheets.

In June 2026, the Company entered into a new lease for its warehouse facility which extended the lease term until November 30, 2031. The lease includes one option to extend the lease for five years that the Company is not reasonably certain to exercise at the lease commencement; therefore, the extension term is not recognized in the calculation of the lease liability.


The components of lease expense were as follows:
Three Months Ended June 30,Six Months Ended June 30,
In Thousands2026202520262025
Finance lease costs$27 $30 $54 $60 
Operating lease costs1,215 2,120 2,435 3,647 
Variable lease costs609 912 1,380 1,920 
Total$1,851 $3,062 $3,869 $5,627 
Operating lease costs for short-term leases was not material for the three and six months ended June 30, 2026, or 2025.
Supplemental cash flow information related to leases was as follows:
Six Months Ended June 30,
In Thousands20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows (operating leases)$2,530 $2,509 

Supplemental balance sheet information related to leases was as follows:
As of June 30, 2026As of December 31, 2025
OperatingFinancingOperatingFinancing
Weighted average remaining lease term (years)8.60.29.10.7
Weighted average discount rate7.5%10.6%7.5%10.6%
As of June 30, 2026, future minimum payments under operating leases were as follows:
In Thousands
Operating
Remainder of 2026$2,529 
20275,211 
20285,253 
20295,082 
20305,188 
Thereafter20,486 
43,749 
Less: interest(11,872)
Total$31,877 
Current portion$2,859 
Noncurrent portion$29,018 
Litigation and Claims

From time-to-time, the Company may be involved in legal proceedings arising in the ordinary course of business. The Company is not a party to any material pending legal proceedings as of June 30, 2026.
LEASES, COMMITMENTS, AND CONTINGENCIES LEASES, COMMITMENTS, AND CONTINGENCIES
Leases

The Company’s financing lease right-of-use (ROU) asset is included in other non-current assets in the condensed consolidated balance sheets.

In June 2026, the Company entered into a new lease for its warehouse facility which extended the lease term until November 30, 2031. The lease includes one option to extend the lease for five years that the Company is not reasonably certain to exercise at the lease commencement; therefore, the extension term is not recognized in the calculation of the lease liability.


The components of lease expense were as follows:
Three Months Ended June 30,Six Months Ended June 30,
In Thousands2026202520262025
Finance lease costs$27 $30 $54 $60 
Operating lease costs1,215 2,120 2,435 3,647 
Variable lease costs609 912 1,380 1,920 
Total$1,851 $3,062 $3,869 $5,627 
Operating lease costs for short-term leases was not material for the three and six months ended June 30, 2026, or 2025.
Supplemental cash flow information related to leases was as follows:
Six Months Ended June 30,
In Thousands20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows (operating leases)$2,530 $2,509 

Supplemental balance sheet information related to leases was as follows:
As of June 30, 2026As of December 31, 2025
OperatingFinancingOperatingFinancing
Weighted average remaining lease term (years)8.60.29.10.7
Weighted average discount rate7.5%10.6%7.5%10.6%
As of June 30, 2026, future minimum payments under operating leases were as follows:
In Thousands
Operating
Remainder of 2026$2,529 
20275,211 
20285,253 
20295,082 
20305,188 
Thereafter20,486 
43,749 
Less: interest(11,872)
Total$31,877 
Current portion$2,859 
Noncurrent portion$29,018 
Litigation and Claims

From time-to-time, the Company may be involved in legal proceedings arising in the ordinary course of business. The Company is not a party to any material pending legal proceedings as of June 30, 2026.