Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Components of Lease Cost

The components of lease cost recorded in the Company’s condensed consolidated financial statements were as follows (in thousands):

	Three Months Ended March 31,
	2024		2023
Lease Cost:
Operating lease cost	$	1,859	$	444
Variable lease cost		672		246
Total lease cost	$	2,531	$	690

Summary of Weighted-Average Remaining Lease Term and Discount Rate Related to Operating Leases

The weighted-average remaining lease term and discount rate related to the Company’s operating leases were as follows:

	As of March 31, 2024
Weighted-average remaining lease term (in years)		8.1
Weighted-average discount rate		6.25	%

Summary of Maturity of Operating Lease Liabilities

Maturity of the Company’s operating lease liabilities in accordance with ASC 842 as of March 31, 2024 were as follows (in thousands):

Period ended December 31,
From April 1, 2024 to December 31, 2024		5,126
2025		6,121
2026		6,494
2027		5,131
2028		4,507
Thereafter		20,653
Total maturities		48,032
Less: Imputed interest		(10,172	)
Present value of operating lease liability		37,860
Less: current portion of operating lease liability		(4,504	)
Total operating lease liability, net of current portion	$	33,356