Leases

3 Months Ended

Mar. 31, 2025

Leases

Leases

5. Leases

Operating leases consist primarily of office space and manufacturing facilities expiring at various dates through 2029. Finance leases relate to server leases expiring at various dates through 2029. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

The undiscounted future non-cancellable lease payments under the Company’s operating and finance leases were as follows (in thousands):

As of March 31, 2025	Amount
Remainder of 2025	$	1,112
2026		1,497
2027		1,380
2028		595
Thereafter		46
Total lease payments		4,630
Less: imputed interest		(309)
Total lease liabilities		4,321
Less: current portion of lease liabilities		(1,323)
Total lease liabilities, net of current portion	$	2,998

Other information related to the Company’s operating lease liabilities was as follows:

	March 31,		December 31,
	2025		2024
Weighted-average remaining lease term (years)	3.16		3.39
Weighted-average discount rate	4.50	%	4.50	%

Other information related to the Company’s finance lease liabilities was as follows:

	March 31,		December 31,
	2025		2024
Weighted-average remaining lease term (years)	3.92		4.15
Weighted-average discount rate	3.90	%	3.90	%