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Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Components of Lease Cost

 

 

Year Ended
December 31,

 

 

 

2025

 

 

2024

 

Lease Cost:

 

 

 

 

 

 

Operating lease cost

 

$

5,132

 

 

$

6,410

 

Variable lease cost

 

 

2,527

 

 

 

2,514

 

Total lease cost

 

$

7,659

 

 

$

8,924

 

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:

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Weighted-average remaining lease term (in years)

 

 

6.7

 

 

 

7.4

 

Weighted-average discount rate

 

 

6.1

%

 

 

6.2

%

 

Summary of Maturity of Operating Lease Liabilities

Maturity of the Company’s operating lease liabilities in accordance with ASC 842 as of December 31, 2025 were as follows (in thousands):

 

Year ending December 31,

 

 

 

2026

 

$

6,494

 

2027

 

 

5,131

 

2028

 

 

4,507

 

2029

 

 

4,642

 

Thereafter

 

 

16,010

 

Total maturities

 

 

36,784

 

Less: Imputed interest

 

 

(6,525

)

Present value of operating lease liability

 

 

30,259

 

Less: Current portion of operating lease liability

 

 

(4,818

)

Total operating lease liability, net of current portion

 

$

25,441