v3.25.3
Leases (Tables)
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Assets and Liabilities Related to the Operating Leases
The following table summarizes assets and liabilities related to the Company’s operating leases:
 Condensed Consolidated Balance Sheets LocationSeptember 30, 2025December 31, 2024
(In thousands)
Operating lease assetsOperating lease right-of-use assets, net$24,601 $15,047 
Current liabilitiesAccrued and other current liabilities$8,463 $4,033 
Non-current liabilitiesOperating lease liabilities, non-current$18,287 $11,783 
Schedule of Components of the Total Lease Expense and Weighted-Average Lease Terms and Discount Rates
The following table presents the components of the Company’s total lease expense:
Condensed Consolidated StatementsThree Months Ended September 30,Nine Months Ended September 30,
 of Operations Location2025202420252024
(In thousands)
Operating lease cost:
   Fixed lease costs Cost of revenue and operating expenses$2,977 $1,339 $8,175 $3,825 
   Variable lease costsOperating expenses618 74 1,098 270 
   Short-term lease costsOperating expenses282 141 1,102 386 
   Lease impairment cost (1)
Impairment charges— — 99 — 
   Sublease incomeOperating expenses(197)— (361)— 
Finance lease cost:
   DepreciationCost of revenue— — — 226 
   Interest Interest expense— — — 3 
Total lease cost$3,680 $1,554 $10,113 $4,710 
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(1)During the nine months ended September 30, 2025, the Company exited one of its office locations, resulting in a non-cash charge of $0.1 million to impair the associated right-of-use asset, recorded within impairment charges.
The following table summarizes weighted-average lease terms and discount rates for the Company’s operating leases:
September 30, 2025December 31, 2024
Weighted-average remaining lease term (in years)3.54 years4.40 years
Weighted-average discount rate9.91%9.68%
Schedule of Lease Liabilities Under Operating Leases
As of September 30, 2025, the maturities of the Company’s lease liabilities under operating leases were as follows:
YearOperating Leases
(In thousands)
Remainder of 2025$2,959 
20269,868 
20278,016 
20285,722 
20293,286 
Thereafter1,944 
Total minimum payments required$31,795 
Less: imputed interest5,045 
Total present value of lease liabilities$26,750