Leases

3 Months Ended

Mar. 31, 2026

We lease various office and retail spaces under non-cancelable operating leases with various expiration dates through fiscal 2032, 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 condensed 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:


	Three Months Ended March 31,
(in thousands, except for lease term and discount rate)	2026			2025
Operating lease costs	$	1,121		$	2,654
Variable lease costs	21			30
Short-term lease costs	—			14
Sublease income	(43)			(68)
Total lease costs	$	1,099		$	2,630

	March 31, 2026			March 31, 2025
Weighted-average remaining lease term (in years)	4.64			5.67
Weighted-average discount rate	4.78		%	5.43		%

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


	Three Months Ended March 31,
(in thousands)	2026		2025
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,797	$	4,111
Right of use assets obtained in exchange for lease liabilities	16		106
Right of use assets given up for reduction of lease liabilities	(3,289)		(5,491)

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 March 31, 2026, are as follows:


(in thousands)	Operating Lease Payments
Fiscal year ended December 31,
Remainder of 2026	$	5,225
2027	3,610
2028	2,668
2029	1,958
2030	2,017
Thereafter	2,009
Total undiscounted operating lease payments	$	17,487
Less: imputed discount	1,665
Total operating lease liabilities	$	15,822