v3.26.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Components of Operating Lease Expense

Components of operating lease expense were as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Operating lease cost

 

$

4,723

 

 

$

2,304

 

 

$

9,069

 

 

$

6,816

 

Short-term lease cost

 

 

403

 

 

 

224

 

 

 

879

 

 

 

715

 

Variable lease cost

 

 

436

 

 

 

333

 

 

 

1,292

 

 

 

935

 

Total operating lease cost

 

$

5,562

 

 

$

2,861

 

 

$

11,240

 

 

$

8,466

 
Supplementary Cash Flow Information Related to Operating Leases

Supplementary cash flow information related to operating leases was as follows:

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Cash paid for operating leases

 

$

6,715

 

 

$

6,932

 

Operating lease right-of-use assets obtained in exchange for operating lease liabilities

 

$

107,288

 

 

$

3,378

 
Summary of Minimum Lease Payments Under Operating Leases

As of September 30, 2026, the weighted-average discount rate is 4.5% and the weighted-average remaining term is 8.9 years. Maturities of the Company’s operating lease liabilities as of September 30, 2026 were as follows:

 

 

September 30, 2026

 

 

 

(in thousands)

 

Year Ending December 31,

 

 

 

2026 (Remainder)

 

$

1,928

 

2027

 

 

15,121

 

2028

 

 

17,492

 

2029

 

 

16,059

 

2030

 

 

16,066

 

Thereafter

 

 

70,546

 

Total operating lease payments

 

 

137,212

 

Less: imputed interest

 

 

(25,198

)

Total operating lease liabilities

 

$

112,014