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LEASES
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
LEASES LEASES
The Company’s leases are for office space. The Company’s leases have remaining terms of 0.3 to 8.3 years. The Company’s lease terms may include an option to extend or terminate the lease, which will be accounted for when it is reasonably certain that the Company will exercise that option. Generally, the lease term is the minimum of the non-cancelable period of the lease.
The components of lease cost were as follows (in thousands):
Year Ended December 31,
202520242023
Operating lease cost$8,867 $8,570 $7,065 
Short-term lease cost896 1,032 618 
Total$9,763 $9,602 $7,683 
Supplemental cash flow information for operating leases was as follows (in thousands):
Year Ended December 31,
202520242023
Cash paid for operating lease liabilities$6,458 $7,038 $7,046 
ROU assets obtained in exchange for new lease obligations$3,144 $14,534 $12,968 
Lease term and discount rate were as follows:
December 31,
20252024
Weighted-average remaining lease term (years)5.76.1
Weighted-average discount rate10.8 %11.4 %
Maturities of lease liabilities were as follows as of December 31, 2025 (in thousands):
Year Ending December 31,Operating Leases
2026$8,942 
20275,556 
20285,655 
20293,701 
20302,714 
Thereafter8,814 
Total lease payments35,382 
Less: Imputed interest(9,066)
Present value of lease liabilities$26,316 
As of December 31, 2025, the Company had no operating leases that have not yet commenced.