v3.26.3
Employee Benefit Plans
 9 Months Ended
Sep. 30, 2026
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
The Company operates a defined benefit pension plan in Switzerland (the “Plan”) and a defined contribution pension plan in the United Kingdom, in accordance with local regulations and practices. As of September 30, 2026, the Plan covers the Company’s employees in Switzerland with benefits in the event of death, disability, retirement, or termination of employment.
Components of Net Periodic Benefit Cost under the Plan
(in thousands)
Three Months Ended September 30, 2026
Three Months Ended September 30, 2025
Nine Months Ended September 30, 2026
Nine Months Ended September 30, 2025
Service cost
$
138 
$
86 
$
422 
$
246 
Interest cost
16 
9 
47 
24 
Expected return on plan assets
(38)
(21)
(115)
(60)
Amortization of unrecognized loss
— 
3 
— 
9 
Prior service credit recognized in current year
(3)
(3)
(8)
(8)
Net periodic benefit cost
$
113 
$
74 
$
346 
$
211 
Employer Contributions under the Plan
For the nine months ended September 30, 2026, contributions of $330 thousand (CHF 262 thousand) were made to the Plan. The Company presently anticipates contributing an additional estimated amount of $110 thousand (CHF 87 thousand) to fund the Plan in 2026 for a total of $440 thousand (CHF 349 thousand).