Leases (Tables)

9 Months Ended

Sep. 30, 2026

The components of total operating lease expense and sublease income are as follows for the periods presented:


	Three Months Ended				Nine Months Ended
(in thousands)	September 30, 2026		September 30, 2025		September 30, 2026		September 30, 2025




Operating lease costs	$	950	$	919	$	2,841	$	2,749
Short-term lease costs	30		158		90		420
Variable lease costs	375		65		1,084		113
Total operating lease expense	$	1,355	$	1,142	$	4,015	$	3,282

Sublease income	$	270	$	269	$	811	$	810

Supplemental balance sheet information related to the operating and financing leases is as follows as of the periods presented:


(in thousands, except lease term and discount rate)	September 30, 2026		December 31, 2025
Operating Leases
Right-of-use operating assets	$	13,394	$	12,732
Current maturities of long-term lease obligations	$	1,810	$	2,354
Long-term lease obligations	$	17,622	$	16,838


Financing Leases
Right-of-use financing assets, net of accumulated amortization (1)	$	31	$	44
Current maturities of long-term lease obligations	$	20	$	18
Long-term lease obligations	$	17	$	32

Weighted average operating lease term	7.5 years		8.1 years
Weighted average financing lease term	2.0 years		1.8 years

Weighted average discount rate - operating leases	10.23%		10.87%
Weighted average discount rate - financing leases	13.59%		8.01%

__________

(1)Financing leases are included in Property and equipment, net on the Condensed Consolidated Balance Sheets.

Future minimum lease payments under operating and financing leases as of September 30, 2026 are as follows:


(in thousands)
2026 (excluding the nine months ended September 30, 2026)	$	1,014
2027	3,569
2028	3,587
2029	3,665
2030	3,594
Thereafter	12,793
Total	28,222
Less: imputed interest	(8,753)
Total lease obligations	19,469
Less: current maturities of long-term lease obligations	(1,830)
Long-term lease obligations	$	17,639

Future minimum lease payments under operating and financing leases as of September 30, 2026 are as follows:


(in thousands)
2026 (excluding the nine months ended September 30, 2026)	$	1,014
2027	3,569
2028	3,587
2029	3,665
2030	3,594
Thereafter	12,793
Total	28,222
Less: imputed interest	(8,753)
Total lease obligations	19,469
Less: current maturities of long-term lease obligations	(1,830)
Long-term lease obligations	$	17,639