Leases (Tables)

9 Months Ended

Sep. 30, 2025

Leases [Abstract]

Schedule of Components of Operating Lease Expense

The following table presents the components of operating lease expense for the three and nine months ended September 30, 2025 and 2024:

		Three Months Ended September 30,				Nine Months Ended September 30,
Lease cost:	Classification	2025		2024		2025		2024
		(In thousands)
Operating lease cost - office space	Occupancy	$	2,868	$	2,774	$	8,445	$	8,278
Operating lease cost - equipment	Technology and communications		97		98		293		293
Variable lease costs	Occupancy		908		975		2,540		2,444
Total operating lease cost		$	3,873	$	3,847	$	11,278	$	11,015

Summary of Weighted Average Remaining Lease Term and Discount Rate

The weighted average remaining lease term and weighted average discount rate are as follows:

	As of
Lease Term and Discount Rate	September 30, 2025			December 31, 2024
Weighted average remaining lease term (in years) - operating leases		8.2			8.8
Weighted average discount rate - operating leases		6.1	%		6.1	%
Weighted average remaining lease term (in years) - finance leases		—			0.8
Weighted average discount rate - finance leases		—			7.2	%

Schedule of Maturity of Lease Liabilities

The following table presents the maturity of lease liabilities as of September 30, 2025:

	Operating Leases
	(In thousands)
Remainder of 2025	$	3,269
2026		12,489
2027		9,448
2028		8,731
2029		9,006
2030 and thereafter		42,154
Total lease payments		85,097
Less: imputed interest		18,225
Present value of lease liabilities	$	66,872