Leases (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
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| Leases [Abstract] |
|
| Schedule of Operating and Finance Lease Balances |
Operating and finance lease balances were as follows:
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December 31, |
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Classification |
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2025 |
|
|
2024 |
|
Assets |
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|
|
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Operating lease assets |
|
Operating lease right-of-use assets, net |
|
$ |
64,651 |
|
|
$ |
53,656 |
|
Finance lease assets |
|
Property, plant and equipment, net |
|
|
267 |
|
|
|
1,353 |
|
Total lease assets |
|
|
|
$ |
64,918 |
|
|
$ |
55,009 |
|
Liabilities |
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|
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Current: |
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Operating lease liabilities |
|
Operating lease liabilities, current |
|
$ |
10,584 |
|
|
$ |
9,263 |
|
Finance lease liabilities |
|
Accrued expenses and other current liabilities |
|
|
95 |
|
|
|
1,127 |
|
Noncurrent: |
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|
|
|
|
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Operating lease liabilities |
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Operating lease liabilities, noncurrent |
|
|
53,798 |
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|
|
43,588 |
|
Finance lease liabilities |
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Other long-term liabilities |
|
|
242 |
|
|
|
178 |
|
Total lease liabilities |
|
|
|
$ |
64,719 |
|
|
$ |
54,156 |
|
|
| Schedule of Operating and Finance Lease Cost |
The components of operating and finance lease cost were as follows:
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Year Ended December 31, |
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2025 |
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|
2024 |
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|
2023 |
|
Operating lease cost |
|
$ |
15,957 |
|
|
$ |
9,091 |
|
|
$ |
6,816 |
|
Finance lease cost: |
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|
|
|
|
|
|
|
|
Amortization of assets |
|
|
880 |
|
|
|
397 |
|
|
|
178 |
|
Interest on lease liabilities |
|
|
33 |
|
|
|
28 |
|
|
|
19 |
|
Short term and variable lease cost |
|
|
1,182 |
|
|
|
715 |
|
|
|
204 |
|
Sublease revenue |
|
|
(115 |
) |
|
|
(131 |
) |
|
|
— |
|
Total lease expense |
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$ |
17,937 |
|
|
$ |
10,100 |
|
|
$ |
7,217 |
|
|
| Schedule of Weighted-average Remaining Lease Term and Discount Rates |
The weighted-average remaining lease term and discount rates were as follows:
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December 31, |
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|
2025 |
|
|
2024 |
|
Weighted-average remaining lease term (years) |
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|
|
|
|
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Operating leases |
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|
6.2 |
|
|
|
6.2 |
|
Finance leases |
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|
4.0 |
|
|
|
1.5 |
|
Weighted-average discount rate |
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|
|
|
|
|
Operating leases |
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|
8.9 |
% |
|
|
8.5 |
% |
Finance leases |
|
|
8.7 |
% |
|
|
3.9 |
% |
|
| Schedule of Supplemental Cash Flow Information |
Supplemental cash flow information related to leases consisted of the following:
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Year Ended December 31, |
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|
2025 |
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|
2024 |
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|
2023 |
|
Cash paid for amounts included in measurement of lease liabilities: |
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|
|
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|
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|
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Operating cash flows from operating leases |
|
$ |
15,545 |
|
|
$ |
9,414 |
|
|
$ |
6,335 |
|
Operating cash flows from finance leases |
|
|
33 |
|
|
|
40 |
|
|
|
19 |
|
Financing cash flows from finance leases |
|
|
1,149 |
|
|
|
847 |
|
|
|
177 |
|
Non-cash lease disclosures: |
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|
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Operating lease assets obtained in exchange for operating lease liabilities |
|
|
21,617 |
|
|
|
9,350 |
|
|
|
1,517 |
|
Finance lease assets obtained in exchange for finance lease liabilities |
|
|
130 |
|
|
|
196 |
|
|
|
132 |
|
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| Schedule of Estimated Minimum Future Lease Payments |
The estimated minimum future lease payments were as follows:
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Year Ending December 31, |
|
Operating Leases |
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|
Finance Leases |
|
2026 |
|
$ |
15,848 |
|
|
$ |
118 |
|
2027 |
|
14,583 |
|
|
93 |
|
2028 |
|
12,914 |
|
|
70 |
|
2029 |
|
12,104 |
|
|
52 |
|
2030 |
|
9,794 |
|
|
42 |
|
Thereafter |
|
20,294 |
|
|
8 |
|
Total undiscounted lease obligation |
|
85,537 |
|
|
383 |
|
Less: Imputed interest |
|
(21,155 |
) |
|
(46 |
) |
Present value of lease obligations |
|
$ |
64,382 |
|
|
$ |
337 |
|
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