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Leases (Tables)
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Lease Costs Operating lease cost consisted of the following (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025
2024
2025
2024
Operating lease cost .........................................
$1,266
$1,223
$3,784
$3,664
Variable lease cost ............................................
360
362
1,016
1,125
Total lease cost ..................................................
$1,626
$1,585
$4,800
$4,789
Schedule of Aggregate Lease Payments The following table summarizes the maturities of the aggregate lease payments under the Company’s
operating lease liabilities as of September 30, 2025 (in thousands):
September 30,
2025
Operating Leases:
2025 ................................................................................................................................................
$1,458
2026 ................................................................................................................................................
5,799
2027
5,186
2028 ................................................................................................................................................
5,155
2029 ................................................................................................................................................
5,309
Thereafter .......................................................................................................................................
3,646
Total minimum lease payments ..................................................................................................
26,553
Less: Amount of lease payments representing interest .....................................................
4,764
Present value of future minimum lease payments ..................................................................
$21,789
Less: current portion ................................................................................................................
5,523
Operating lease liabilities, net of current portion ......................................................................
$16,266
Schedule of Additional Information Related to Operating Leases The following table summarizes additional information related to the Company’s operating leases (in
thousands, except weighted-average data):
September 30,
December 31,
2025
2024
Right-of-use assets .................................................................................
$17,108
$18,805
Weighted-average remaining lease term (years) ...............................
4.7
5.5
Weighted-average discount rate ...........................................................
9.1%
9.0%