The Company leases office space in Mountain View, Santa Rosa, San Francisco and Rohnert Park, California, Austin, Texas, and Tokyo, Japan.

In August 2021, the Company entered into a facility lease agreement for approximately 61,000 rentable square feet in Mountain View, California through August 2030. In connection with the lease, the Company established a standby

letter of credit for the benefit of the landlord in the amount of $4.3 million in August 2021, which is classified as non-current restricted cash on the condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025.

In March 2026, the Company entered into a sublease agreement (the “Sublease”) with a third-party subtenant to sublease its Mountain View, California facility. The initial term of the Sublease commenced in April 2026 and continues until August 2030, consistent with the remaining term of the Company’s Master Lease, with 52% occupancy of the facility beginning April 2026 and full occupancy by March 2027. As of June 30, 2026, annual base rent due under the Sublease is $576,000 in 2026, $1.1 million in 2027, $2.3 million in 2028, $2.4 million in 2029 and $1.6 million in 2030. Sublease income is recognized on a straight-line basis over the Sublease term and is recorded as a reduction to rent expense within selling, general and administrative expense in the condensed consolidated statements of operations and comprehensive loss. The subtenant is obligated to pay its ratable portion of operating costs, annual tax costs and all utility costs attributable to the facility during the term of the Sublease. The subtenant provided the Company with a letter of credit in the amount of $0.8 million in place of a security deposit.

In connection with the Sublease, the Company evaluated the associated ROU asset and leasehold improvements for impairment as the substantially lower sublease income indicated that the carrying amount of such assets may not be recoverable. The Company compared the carrying value of the impacted assets to the fair value based on the Company’s estimate of discounted future cash flows to determine the impairment amount and recognized an asset impairment charge of $7.5 million in March 2026, of which $7.4 million was attributable to the ROU asset and $136,000 was attributable to leasehold improvements.

Santa Rosa, California

In October 2024, the Company entered into an agreement to sublease approximately 4,000 rentable square feet of office space in Santa Rosa, California for 29 months through March 2027. In connection with this sublease, the Company paid a security deposit of $8,000 and recorded an ROU asset and lease liability of $169,000.

San Francisco, California

In July 2025, the Company entered into an agreement to sublease approximately 8,100 rentable square feet of office space in San Francisco, California for 39 months through January 2029. In connection with this sublease, the Company paid a security deposit of $90,000 and recorded an ROU asset and lease liability of $1,254,000. On March 17, 2026, the Company amended the lease agreement to include an additional 5,018 rentable square feet and to extend the term for a period of 51 months through August 2030. In connection with this amendment, the Company paid an additional security deposit of $62,000 and recorded an ROU asset of $1,872,000 and lease liability of $1,845,000 at the commencement of the amended lease in June 2026.

Rohnert Park, California

In December 2025, the Company entered into a facility lease agreement for approximately 13,100 rentable square feet of office space in Rohnert Park, California for 63 months through September 2031, with the option to extend for one additional three-year period. In connection with the lease, the Company paid a security deposit of $39,000 and recorded an ROU asset and lease liability of $2.8 million upon lease commencement in the first quarter of 2026. The lease also provides for a tenant improvement allowance of $173,000.

In September 2025, the Company amended the lease for its Austin, Texas facility, which provides for approximately 26,000 square feet of space, to extend the lease term an additional 12 months through December 2026 and recorded an ROU asset and lease liability of $561,000 in connection with the lease extension. In January 2026, the Company amended the lease to extend the lease term an additional 51 months through March 2031, with the option to extend for two additional three-year periods. In connection with the lease amendment, the Company recorded an ROU asset and lease liability of $2.5 million. The lease amendment also provided for a tenant improvement allowance of $71,000. A security deposit of $150,000 was recorded as non-current restricted cash as of June 30, 2026 and December 31, 2025, on the condensed consolidated balance sheets related to this lease.

The Company had one non-cancellable operating lease for its facility in Tokyo, Japan, which was set to expire in November 2024. In April 2024, the Company entered into an agreement to extend the lease for an additional three years through November 2027. In connection with the amended lease agreement, the Company recorded an ROU asset and lease liability of $420,000.



	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Operating lease cost	$	1,626	$	1,267	$	3,074	$	2,518
Variable lease cost		259		293		598		656
Sublease income		(389)		—		(389)		—
Total lease cost	$	1,496	$	1,560	$	3,283	$	3,174

Cash paid for amounts included in the measurement of operating lease liabilities was $1.6 million and $1.4 million during the three months ended June 30, 2026 and 2025, respectively, and $3.1 million and $2.8 million during the six months ended June 30, 2026 and 2025, respectively.

The following table summarizes the maturities of the aggregate lease payments under the Company’s operating lease liabilities as of June 30, 2026 (in thousands):


Year Ending December 31:	Amount
2026	$	3,545
2027		7,171
2028		7,403
2029		7,675
2030		5,770
2031 and after		696
Total minimum lease payments		32,260
Less: Amount of lease payments representing interest		5,133
Present value of future minimum lease payments	$	27,127
Less: Current lease liabilities		6,784
Long-term lease liabilities	$	20,343

The following table summarizes additional information related to the Company’s operating leases (in thousands, except weighted-average data):



	June 30,		December 31,
	2026		2025
Right-of-use asset	$	15,236	$	17,488
Weighted average remaining lease term (years)		4.3		4.3
Weighted average discount rate (percent)		8.6%		8.6%