v3.26.3
Leases
 9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Leases Leases
Facility Lease
In December 2021, the Company entered into a lease for two existing buildings, comprising approximately 158,221 square feet of space, located in San Jose, California. The lease commenced in July 2022, and will continue for 122 months thereafter, with two five year options to extend the term of the lease.
Rent expense recognized under the lease, including additional rent charges for utilities, parking, maintenance, and real estate taxes, was $1.4 million and $1.8 million for the three months ended September 30, 2026 and 2025, and $3.8 million and $4.9 million for the nine months ended September 30, 2026 and 2025.
Future minimum annual operating lease payments are as follows (in thousands):
As of September 30, 2026
Amount
2026$1,106 
20274,808 
20284,952 
20295,101 
20305,254 
Thereafter11,943 
Total minimum payments33,164 
Less: amount representing interest(7,939)
Present value of future payments25,225 
Less: current portion(2,655)
Non-current portion$22,570 
As of September 30, 2026 and December 31, 2025, the Company’s security deposit is in the form of, and recorded as, restricted cash.
Lessor Information for Robotic Systems
Contractual maturities of gross lease receivables as of September 30, 2026 are as follows (in thousands):
Fiscal Year
Amount
2026$491 
20271,872 
20281,845 
20291,559 
2030 and thereafter1,498 
Total
$7,265 
September 30,December 31,
20262025
Gross receivables
$7,265 $5,829 
Unearned interest income
(1,083)(1,028)
Net investment in sales-type leases
$6,182 $4,801 
The components of income from sales-type leases are as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Sales-type lease revenue
$1,446 $957 $1,950 $2,178 
Interest income
$90 $63 $256 $139 
Leases receivable relating to sales-type lease arrangements are presented on the Company’s consolidated balance sheets as follows (in thousands):
September 30,December 31,
20262025
Reported as:
Accounts receivable
$1,489 $905 
Other assets
4,693 3,896 
Net investment in sales-type leases
$6,182 $4,801 
Leases Leases
Facility Lease
In December 2021, the Company entered into a lease for two existing buildings, comprising approximately 158,221 square feet of space, located in San Jose, California. The lease commenced in July 2022, and will continue for 122 months thereafter, with two five year options to extend the term of the lease.
Rent expense recognized under the lease, including additional rent charges for utilities, parking, maintenance, and real estate taxes, was $1.4 million and $1.8 million for the three months ended September 30, 2026 and 2025, and $3.8 million and $4.9 million for the nine months ended September 30, 2026 and 2025.
Future minimum annual operating lease payments are as follows (in thousands):
As of September 30, 2026
Amount
2026$1,106 
20274,808 
20284,952 
20295,101 
20305,254 
Thereafter11,943 
Total minimum payments33,164 
Less: amount representing interest(7,939)
Present value of future payments25,225 
Less: current portion(2,655)
Non-current portion$22,570 
As of September 30, 2026 and December 31, 2025, the Company’s security deposit is in the form of, and recorded as, restricted cash.
Lessor Information for Robotic Systems
Contractual maturities of gross lease receivables as of September 30, 2026 are as follows (in thousands):
Fiscal Year
Amount
2026$491 
20271,872 
20281,845 
20291,559 
2030 and thereafter1,498 
Total
$7,265 
September 30,December 31,
20262025
Gross receivables
$7,265 $5,829 
Unearned interest income
(1,083)(1,028)
Net investment in sales-type leases
$6,182 $4,801 
The components of income from sales-type leases are as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Sales-type lease revenue
$1,446 $957 $1,950 $2,178 
Interest income
$90 $63 $256 $139 
Leases receivable relating to sales-type lease arrangements are presented on the Company’s consolidated balance sheets as follows (in thousands):
September 30,December 31,
20262025
Reported as:
Accounts receivable
$1,489 $905 
Other assets
4,693 3,896 
Net investment in sales-type leases
$6,182 $4,801