Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Summary of operating rent expenses

The following table presents operating rent expense and related short-term lease costs (in thousands):

	THREE MONTHS ENDED MARCH 31,
	2025		2024
Rent expense	$	975	$	1,020
Variable lease expense		483		507
Amount of rent expense related to short-term leases		116		71

Summary of future minimum annual obligations under the company's operating leases

Future minimum annual obligations under the Company’s operating leases with terms in excess of one year are as follows (in thousands):

PERIOD ENDED MARCH 31,
2025 (remaining)		3,127
2026		3,643
2027		3,639
2028		3,749
2029		2,376
Total minimum lease payments		16,534
Less: amount representing interest		(2,675	)
Present value of operating lease liabilities		13,859
Less: operating lease liabilities, current		(3,594	)
Operating lease liabilities, net of current portion	$	10,265

Summary of incremental borrowing rate

As the Company’s leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on average discount rate, which were as follows:

	AS OF
	MARCH 31, 2025			DECEMBER 31, 2024
Weighted-average remaining lease term	4.1 years			4.4 years
Weighted-average discount rate		7.7	%		7.7	%