v3.26.3
LEASES (Tables)
 9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Schedule of Lease Cost, Supplemental Cash Flow Information Related to Operating Leases, and Weighted-Average Remaining Lease Term and Weighted-Average Discount for Operating and Finance Leases
The components of operating lease cost for the three and nine months ended September 30, 2026 and 2025 were as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Operating lease cost:
Fixed lease cost
$2,777 $3,491 $7,889 $7,609 
Short-term lease cost
32 106 138 277 
Variable lease cost
1,964 1,671 6,350 6,325 
Total operating lease cost
$4,773 $5,268 $14,377 $14,211 
Supplemental cash flow information related to the operating leases for the nine months ended September 30, 2026 and 2025 is as follows (in thousands):
Nine Months Ended September 30,
20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
$8,367 $6,662 
The weighted-average remaining lease term and the weighted-average discount rate for the operating and finance leases were as follows:
Nine Months Ended September 30,
20262025
Operating
Finance
Operating
Finance
Weighted average remaining lease term (years)
4.64.35.23.6
Weighted average discount rate
17.6%7.8%17.8%8.0%
Schedule of Supplemental Balance Sheet Information Related to Operating Leases
The following table presents the supplemental balance sheet information related to operating leases at September 30, 2026 and December 31, 2025 (in thousands):
September 30,
2026		December 31,
2025
Operating lease right of use assets
$20,292 $15,143 
Total right of use asset
$20,292 $15,143 
Current portion of operating lease liability
$7,717 $6,518 
Non-current operating lease liabilities
20,171 16,761 
Less: Tenant improvement allowance receivable
— (573)
Total leased liabilities
$27,888 $22,706 
Schedule of Undiscounted Cash Flow for Future Maturities of Operating Lease Liabilities
The Company uses its incremental borrowing rate as the discount rate, which is based on the implied cost of debt. The undiscounted cash flow for future maturities of the Company’s lease liabilities as of September 30, 2026 are as follows (in thousands):
Operating Lease
Finance Lease
2026$3,582 $60 
202711,213 206 
20286,936 206 
20296,009 206 
20303,681 118 
Thereafter
10,928 62 
Total lease payments
42,349 858 
Less: imputed interest
(14,461)(129)
Total lease liabilities
27,888 729 
Less: current lease liabilities
(7,717)(155)
Total non-current lease liabilities
$20,171 $574 
Schedule of Undiscounted Cash Flow for Future Maturities of Finance Lease Liabilities
The Company uses its incremental borrowing rate as the discount rate, which is based on the implied cost of debt. The undiscounted cash flow for future maturities of the Company’s lease liabilities as of September 30, 2026 are as follows (in thousands):
Operating Lease
Finance Lease
2026$3,582 $60 
202711,213 206 
20286,936 206 
20296,009 206 
20303,681 118 
Thereafter
10,928 62 
Total lease payments
42,349 858 
Less: imputed interest
(14,461)(129)
Total lease liabilities
27,888 729 
Less: current lease liabilities
(7,717)(155)
Total non-current lease liabilities
$20,171 $574 
Schedule of Maturity Analysis of Lease Receivables
The following table sets out a maturity analysis of lease receivables, showing the undiscounted lease payments to be received after the reporting date (in thousands):
2026$242 
2027645 
2028373 
2029337 
2030 and thereafter80 
Total lease receivable
$1,677