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Leases
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases Leases
The Company is obligated under operating leases for certain real estate and office equipment assets. The Company’s finance leases are not material. Certain leases contained predetermined fixed escalation of minimum rents at rates ranging from 2.5% to 4.6% per annum and remaining lease terms of up to ten years, some of which include renewal options that could extend certain leases to up to an additional five years.

The following table presents supplemental information related to leases:
June 30,
2025
June 30,
2024
Weighted average remaining lease term7.795.09
Weighted average discount rate13.62%13.43%

The table below summarizes total lease costs for the following periods:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Operating lease expense$644 $585 $1,321 $972 
Variable lease expense73 43 168 69 
Short-term lease expense— 10 — 14 
Lease expense
$717 $638 $1,489 $1,055 
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Sublease income recognized (1)
$69 $19 $96 $42 
(1) As of June 30, 2025 and June 30, 2024, the Company has subleased four and two of its real estate leases, respectively.
The following table presents supplemental cash flow and non-cash information related to leases:
Six Months Ended June 30,
20252024
Cash paid for amounts included in the measurement of lease liabilities - operating cash flows from leases$1,193 $1,003 
Right-of-use assets obtained in exchange for lease obligations - non-cash activity$— $5,942 

As of June 30, 2025, the future annual minimum lease payments for operating leases are as follows:
Remainder of 2025$1,164 
20262,275 
20271,695 
20281,668 
20291,713 
Thereafter7,352 
Total future minimum lease payments$15,867 
Less: amounts related to imputed interest
6,277 
Present value of future minimum lease payments9,590 
Less: current portion of long-term lease liability
1,096 
Long-term lease liability$8,494