Leases (Tables)

9 Months Ended

Sep. 30, 2026

Leases [Abstract]

Summary of Operating Lease Assets and Liabilities

The following table summarizes the presentation in the Company’s condensed consolidated balance sheets of its operating leases (in thousands):


		September 30, 2026				December 31, 2025
Assets:
Operating lease assets		$	27,662			$	72,483

Liabilities:
Operating lease liabilities		$	12,650			$	10,390
Operating lease liabilities, net of current portion			23,122				72,576
Total operating lease liabilities		$	35,772			$	82,966

Summary of Lease Costs

The following table summarizes the effect of lease costs in the Company’s condensed consolidated statements of operations and comprehensive (loss) income (in thousands):


		Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
Operating lease costs		$	2,065			$	4,781			$	10,631			$	14,399
Variable lease costs			887				1,745				4,040				4,708
Sublease (income) expense			287				(814	)			(1,200	)			(2,446	)
Total lease costs		$	3,239			$	5,712			$	13,471			$	16,661

Schedule of Future Payments of Operating Lease Liabilities

As of September 30, 2026, future payments of operating lease liabilities are as follows (in thousands):


		As of September 30, 2026
2026 (remaining 3 months)		$	2,579
2027			13,693
2028			4,443
2029			3,220
2030			3,317
2031 and thereafter			22,097
Total future minimum lease payments		$	49,349
Less: interest			(13,577	)
Present value of operating lease liabilities		$	35,772