Leases (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Lease Cost:
Operating lease cost	$	1,346	$	483	$	5,082	$	1,371
Variable lease cost		608		399		1,866		893
Total lease cost	$	1,954	$	882	$	6,948	$	2,264

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 September 30, 2024
Weighted-average remaining lease term (in years)		7.7
Weighted-average discount rate		6.20	%

Summary of Maturity of Operating Lease Liabilities

Maturity of the Company’s operating lease liabilities in accordance with ASC 842 as of September 30, 2024 were as follows (in thousands):

Period ended December 31,
From October 1, 2024 to December 31, 2024	$	1,546
2025		6,121
2026		6,494
2027		5,131
2028		4,507
Thereafter		20,652
Total maturities	$	44,451
Less: Imputed interest		(9,127	)
Present value of operating lease liability	$	35,324
Less: current portion of operating lease liability		(4,003	)
Total operating lease liability, net of current portion	$	31,321