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Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Supplemental Cash Flow Information Relating to Leases

The following table summarizes supplemental cash flow information for 2025 and 2024 (in thousands):

 

 

2025

 

 

2024

 

Cash paid for amounts included in measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

1,461

 

 

$

1,738

 

ROU asset obtained in exchange for an operating lease liability

 

$

1,797

 

 

$

 

 

Summarizes of Future Minimum Lease Payments

The following table summarizes Cullinan’s future minimum lease payments as of December 31, 2025 (in thousands):

 

 

December 31, 2025

 

2026

 

$

1,029

 

2027

 

 

1,190

 

2028

 

 

906

 

Total future minimum lease payments

 

 

3,125

 

Less: imputed interest

 

 

(442

)

Total lease liabilities at present value

 

$

2,683

 

Summarizes Lease Term and Discount Rate

The following table summarizes the weighted-average lease term and discount rate as of December 31, 2025 and 2024:

 

 

2025

 

 

2024

 

Weighted-average remaining lease term (in years)

 

 

2.8

 

 

 

1.6

 

Weighted-average discount rate

 

 

11.8

%

 

 

11.0

%