Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Components of Lease Cost

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

	Year Ended December 31,
	2024		2023
Lease Cost:
Operating lease cost	$	6,410	$	1,966
Variable lease cost		2,514		1,202
Total lease cost	$	8,924	$	3,168

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 December 31, 2024
Weighted-average remaining lease term (in years)		7.4
Weighted-average discount rate		6.2	%

	As of December 31, 2023
Weighted-average remaining lease term (in years)		8.2
Weighted-average discount rate		6.6	%

Summary of Maturity of Operating Lease Liabilities

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

Year ending December 31,
2025	$	6,121
2026		6,494
2027		5,131
2028		4,507
2029		4,642
Thereafter		16,010
Total maturities		42,905
Less: Imputed interest		(8,525	)
Present value of operating lease liability		34,380
Less: Current portion of operating lease liability		(4,121	)
Total operating lease liability, net of current portion	$	30,259