Leases

12 Months Ended

Dec. 31, 2025

Operating leases primarily consist of property leases related to the Company’s warehouse, which also serves as its production, manufacturing, and distribution facility, corporate offices, experience centers, and sales and marketing offices.

Operating right-of-use assets and lease liabilities as of December 31, 2025 and December 31, 2024 comprises the following:


(in thousands)	December 31, 2025		December 31, 2024
Right-of-use assets, net	$	11,570	$	13,590

Lease liabilities, current	$	5,128	$	5,147
Lease liabilities, non-current	9,238		10,813
Total lease liabilities	$	14,366	$	15,960

Operating lease costs for the years ended December 31, 2025, 2024, and 2023 were $5.4 million, $5.9 million, and $5.2 million, respectively. Short-term lease costs and variable lease costs were immaterial for the years ended December 31, 2025, 2024, and 2023.

The following table summarizes future operating lease payments as of December 31, 2025:


(in thousands)	Future Minimum Payments
2026	$	5,736
2027	4,549
2028	1,182
2029	1,105
2030	1,091
Thereafter	1,962
Total	15,625
Less: Imputed Interest	(1,259)
Present value of net lease payments	$	14,366

The following table includes supplemental operating lease information (dollars in thousands):


	Year Ended December 31,
	2025			2024			2023
Cash paid for amounts included in the measurement of lease liabilities	$	5,881		$	5,123		$	5,419
Right-of-use assets obtained in exchange for new and modified lease liabilities	$	2,355		$	6,593		$	1,181
Weighted average remaining lease term (in years)	4.0			5.0			6.1
Weighted average discount rate	5.4		%	4.6		%	3.2		%

Subsequent to December 31, 2025, the Company amended the terms its principal executive office lease agreement to expire in November 2032, which will result in an increase to its future operating lease payments by approximately $14 million.