Leases (Tables)

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

Summary of Operating Lease Assets and Liabilities

The following table summarizes the presentation in the Company’s condensed consolidated balance sheets of its operating leases (in thousands):

	March 31, 2025		December 31, 2024
Assets:
Operating lease assets	$	78,858	$	80,903
Liabilities:
Operating lease liabilities	$	9,049	$	8,674
Operating lease liabilities, net of current portion		80,499		82,966
Total operating lease liabilities	$	89,548	$	91,640

Summary of Lease Costs

The following table summarizes the effect of lease costs in the Company’s condensed consolidated statements of operations and comprehensive loss (in thousands):

	Three Months Ended March 31,
	2025			2024
Operating lease costs	$	4,831		$	5,771
Short-term lease costs		—			374
Variable lease costs		1,242			1,967
Sublease income		(823	)		(376	)
Total lease costs	$	5,250		$	7,736

Schedule of Future Payments of Operating Lease Liabilities

As of March 31, 2025, future payments of operating lease liabilities are as follows (in thousands):

	As of  March 31, 2025
2025 (remaining 9 months)	$	14,563
2026		19,983
2027		20,582
2028		20,863
2029		20,132
2030 and thereafter		36,850
Total future minimum lease payments	$	132,973
Less: interest		(43,425	)
Present value of operating lease liabilities	$	89,548