Leases

12 Months Ended

Dec. 31, 2025

We lease various office and retail spaces under non-cancelable operating leases with various expiration dates through fiscal 2033, certain of which contain renewal provisions. These renewal provisions are not reasonably certain to be exercised and therefore are not factored into the determination of lease payments. We have no lease agreements that are classified as finance leases.

The components of lease costs, recognized as selling, general, and administrative expense in the consolidated statements of operations and comprehensive loss, along with the weighted-average lease term and weighted-average discount rate for operating leases, are as follows:


(in thousands, except for lease term and discount rate)	December 31, 2025			December 31, 2024
Operating lease costs	$	8,415		$	14,831
Variable lease costs	112			143
Short-term lease costs	14			179
Sublease income	(200)			(270)
Total lease costs	$	8,341		$	14,883

Weighted-average remaining lease term (in years)	4.85			5.93
Weighted-average discount rate	5.22		%	5.47		%

Supplemental cash flow information related to operating leases are as follows:


(in thousands)	December 31, 2025		December 31, 2024
Cash paid for amounts included in the measurement of operating lease liabilities	$	12,285	$	19,252
Right of use assets obtained in exchange for lease liabilities	443		—
Right of use assets given up for reduction of lease liabilities	(17,151)		(17,565)

Future minimum lease payments under non-cancelable operating leases with initial lease terms in excess of one year, included in our lease liabilities as of December 31, 2025, are as follows:


(in thousands)	Operating Leases
Fiscal year ended December 31,
2026	$	7,208
2027	4,748
2028	3,787
2029	3,109
2030	2,925
Thereafter	2,853
Total undiscounted operating lease payments	$	24,630
Less: imputed discount	(2,361)
Total operating lease liabilities	$	22,269