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Leases
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases

18.Leases

The Company has operating and finance leases for office space, equipment and vehicles. Leases recorded on the balance sheet consists of the following:

  ​ ​ ​

December 31, 

December 31,

2025

2024

Assets

Operating lease right-of-use assets, net (1)

$

20,397

$

27,101

Financing lease right-of-use assets, net (2)

 

18,360

 

25,806

Total assets

$

38,757

$

52,907

Liabilities

 

  ​

 

  ​

Current

 

  ​

 

  ​

Operating

$

4,418

$

7,546

Financing

 

7,517

 

10,580

Total current

 

11,935

 

18,126

Noncurrent

 

  ​

 

  ​

Operating

 

24,695

 

20,837

Financing

 

5,878

 

11,346

Total noncurrent

 

30,573

 

32,183

Total liabilities

$

42,508

$

50,309

(1)Operating lease right-of-use assets are recorded net of accumulated amortization of $33.8 million and $25.6 million as of December 31, 2025 and 2024, respectively.
(2)Financing lease right-of-use assets are recorded net of accumulated amortization of $24.8 million and $17.0 million as of December 31, 2025 and 2024, respectively.

Other information related to lease term and discount rate is as follows:

December 31, 

 

December 31,

 

2025

 

2024

 

Weighted Average Remaining Lease Term (in years)

  ​

  ​

Operating leases

9.41

8.35

Financing leases

2.09

2.40

Weighted Average Discount Rate

Operating leases

11.50

%

10.66

%

Financing leases

9.02

%

8.74

%

The components of lease expense are as follows:

Year ended

December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

 

2023

Operating lease costs:

 

  ​

 

  ​

  ​

Operating lease cost

$

10,993

$

12,581

$

8,311

Short-term lease cost (1)

 

5,203

 

4,151

 

2,044

Financing lease costs:

 

 

 

  ​

Interest on lease liabilities

 

1,585

 

1,750

 

1,189

Amortization of right-of-use assets

 

8,582

 

7,220

 

5,034

Total lease cost

$

26,363

$

25,702

$

16,578

(1)Includes expenses related to leases with a lease term of more than one month but less than one year.

Supplemental cash flow information related to leases is as follows:

Year ended

December 31,

2025

2024

 

2023

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows for operating leases

$

3,583

$

11,301

$

8,404

Operating cash flows for finance leases

$

1,585

$

1,750

$

1,189

Financing cash flows for finance leases

$

10,409

$

8,929

$

4,791

Non-cash activity:

 

 

 

ROU assets obtained in exchange for new operating lease liabilities

$

2,709

$

14,670

$

18,081

ROU assets obtained in exchange for new financing lease liabilities

$

1,899

$

8,300

$

13,997

Maturities of lease liabilities are summarized as follows:

Operating Leases

Finance Leases

Year ending December 31,

2026

$

7,361

$

8,239

2027

 

5,797

 

2,823

2028

 

4,431

 

1,497

2029

 

3,679

 

2,176

2030

 

3,643

 

83

Thereafter

 

24,948

 

Total future minimum lease payments

 

49,859

 

14,818

Less - amount representing interest

 

20,746

1,423

Present value of future minimum lease payments

 

29,113

 

13,395

Less - current lease obligations

 

4,418

 

7,517

Long-term lease obligations

$

24,695

$

5,878