v3.26.3
Leases (Tables)
9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases is as follows (dollars in thousands):

 

 

Nine Months Ended

 

 

 

September 30,

 

 

2026

 

 

2025

 

Cash payments for operating leases

 

$

2,796

 

 

$

2,665

 

Right-of-use assets obtained in exchange for operating lease obligations

 

 

731

 

 

 

1,444

 

 

 

 

 

 

 

September 30, 2026

 

 

December 31, 2025

 

Weighted-average remaining lease term

 

3.5 years

 

 

4.1 years

 

Weighted-average discount rate

 

 

9.1

%

 

 

9.0

%

Future Minimum Non-Cancelable Lease Payments Under Operating Leases

Future minimum non-cancelable payments under operating leases as of September 30, 2026, were as follows (in thousands):

 

 

Operating Leases

 

2026

 

 

$

972

 

2027

 

 

 

4,085

 

2028

 

 

 

3,722

 

2029

 

 

 

3,764

 

2030

 

 

 

893

 

Thereafter

 

 

 

—

 

Total future lease payments

 

 

$

13,436

 

Less imputed interest

 

 

 

1,826

 

Present value of lease liabilities

 

 

$

11,610

 

 

Operating Lease Expense

The operating lease expense for the three and nine months ended September 30, 2026 and 2025, were as follows (in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease expense

 

$

993

 

 

$

1,005

 

 

$

3,185

 

 

$

2,977