Lease Liabilities |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lease Liabilities | Note 10. Lease Liabilities
The Company leases office space in primarily five locations, principally the company’s corporate headquarters. The Company’s operating leases have remaining lease terms of to eleven years.
The Company’s expected future minimum annual lease payments are as follows:
As part of the merger in 2024, the Company acquired an operating lease with annual cash outflows of approximately $0.4 million through 2030 and a sublease agreement with annual expected cash inflows of approximately $0.3 million though 2027. During 2025, the Company entered into two non-cancelable operating leases that have not yet commenced for replacement and additional office space for to 15 years. The table above excludes $27.3 million of legally binding lease payments for these leases signed but not yet commenced. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||