v3.26.1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Summary of Lease Costs

The following table contains a summary of the lease costs recognized under ASC 842 and other information pertaining to the Company’s leases for the three and six months ended June 30, 2026 and 2025 (in thousands):

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Lease Costs

 

 

 

 

 

 

 

 

 

 

 

 

Operating lease costs

 

$

867

 

 

$

867

 

 

$

1,733

 

 

$

1,733

 

Variable lease costs

 

 

745

 

 

 

304

 

 

 

1,282

 

 

 

573

 

Total lease costs

 

$

1,612

 

 

$

1,171

 

 

$

3,015

 

 

$

2,306

 

 

 

Cash paid for amounts included in the measurement of lease liabilities—operating leases

 

 

 

 

$

1,682

 

 

$

1,633

 

Weighted-average remaining lease term—operating leases (years)

 

 

 

 

 

6.09

 

 

 

7.09

 

Weighted-average discount rate—operating leases

 

 

 

 

 

10.71

%

 

 

10.71

%

 

 

Summary of Future Minimum Commitments of Operating Lease Liabilities

The following table reconciles the future minimum commitments to the Company’s operating lease liabilities at June 30, 2026 (in thousands):

Operating lease payments as of June 30, 2026

 

2026

$

1,724

 

2027

 

3,507

 

2028

 

3,611

 

2029

 

3,715

 

2030

 

3,827

 

Thereafter

 

6,281

 

Total lease payments

 

22,665

 

Less: interest

 

(6,071

)

Total lease liabilities at June 30, 2026

 

16,594

 

Less: current portion of lease liabilities

 

3,292

 

Lease liabilities, net of current portion

$

13,302