v3.26.3
Leases
 9 Months Ended
Sep. 30, 2026
Leases [Abstract]  
Leases Leases
The Company leases office space in Canada, Germany, Spain, the U.K. and the U.S. Our leases have remaining lease terms ranging from less than one year to up to five years.
The following table summarizes the components of lease expense for the three and nine months ended September 30, 2026 and 2025 (in thousands):
Three Months EndedNine Months Ended
September 30,September 30,
2026202520262025
Operating lease cost$414 $569 $1,339 $1,699 
Short-term lease cost354 160 929 438 
Variable lease cost370 109 742 339 
    Total lease cost$1,138 $838 $3,010 $2,476 
Cash payments against the operating lease liabilities totaled $2.6 million and $2.7 million for the nine months ended September 30, 2026 and 2025, respectively. ROU assets obtained in exchange for lease obligations were $2.6 million and $0.3 million for the nine months ended September 30, 2026 and 2025, respectively.
The following table summarizes the presentation in our condensed consolidated balance sheets of our operating leases (in thousands):
September 30, 2026December 31, 2025
Assets:
Operating lease right-of-use assets$4,737 $4,047 
Liabilities:
Operating lease liabilities$2,197 $1,811 
Long-term operating lease liabilities4,151 4,184 
Total operating lease liabilities$6,348 $5,995 
Weighted average remaining lease term (years)3.103.84
Weighted average discount rate4.6 %4.1 %

Maturities of lease liabilities were as follows (in thousands):
Years ending December 31,
2026 (excluding the nine months ended September 30, 2026)$771 
20272,413 
20281,977 
20291,777 
2030225 
    Total lease payments7,163 
Less interest(815)
Present value of operating lease liabilities$6,348