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Leases
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases
7. Leases
The Company applies the guidance under Topic 842 for leases of real estate facilities under non-cancelable operating leases, with lease terms expiring through June 2029.
As a result of new leasing activity during the fiscal year ended December 31, 2024, the Company was entitled to receive $2.1 million in tenant incentives for leasehold improvements constructed by the Company, which it received during the fiscal year ended December 31, 2025.
The components of lease costs, supplemental cash flow information, lease term, and discount rate for operating leases are as follows (in thousands, except for percentages and years):
Fiscal Year Ended December 31,
202520242023
Operating lease costs$4,794 $5,027 $6,335 
Variable lease costs1,025 979 1,068 
Short-term lease costs
544 561 372 
Cash paid for amounts included in the measurement of operating lease liabilities, net of lease incentives
3,498 6,259 7,303 
December 31,December 31,
20252024
Weighted average remaining term (years)2.83.4
Weighted average discount rate9.0 %5.8 %
During the fiscal years ended December 31, 2025, 2024 and 2023, the Company recognized no sublease income.
Future minimum lease payments under noncancellable operating leases with initial lease terms in excess of one year as of December 31, 2025, were as follows (in thousands):

2026$4,777 
20273,164 
20282,298 
20291,166 
Gross lease payments11,405 
Less imputed interest(1,178)
Present value of operating lease liabilities$10,227