Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Operating Lease Expense

Operating lease expense, included in rent and occupancy in the consolidated statements of operations, was as follows (in thousands):

	Year Ended December 31,
	2024		2023
Operating lease expense	$	3,497	$	3,651
Variable lease expense	391		924
Total operating lease expenses	$	3,888	$	4,575
Sublease income(1)	$	382	$	784

(1) Sublease income is included in other income (expenses), net in the consolidated statements of operations.

Operating Leases

The table below presents additional information related to the Company’s operating leases (in thousands):

	As of December 31,
	2024			2023
Operating lease right-of-use assets	$	5,107		$	4,308
Operating lease liabilities, current	$	3,463		$	2,516
Operating lease liabilities, noncurrent	$	3,694		$	2,707
Weighted-average remaining lease term (in years)	4.3			1.9
Weighted-average discount rate	7.2		%	7.0		%

Future Undiscounted Lease Payments

Future undiscounted lease payments under operating leases as of December 31, 2024 were as follows (in thousands):

	Lease Payment Obligation		Sublease Income		Net Lease Obligation
2025	$	3,864	$	(210)	$	3,654
2026	1,084		—		1,084
2027	1,117		—		1,117
2028	1,150		—		1,150
2029	887		—		887
Total undiscounted lease payments	$	8,102	$	(210)	$	7,892
Less: imputed interest	(945)
Present value of future lease payments	7,157
Less: operating lease liabilities, current	3,463
Operating lease liabilities, noncurrent	$	3,694