Leases (Tables)

9 Months Ended

Sep. 30, 2025

The components of total lease expense are as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Operating lease cost	$	1,232	$	1,050	$	3,547	$	2,982
Finance lease cost	10		9		30		27
Variable lease cost	96		—		264		—
Short-term lease cost	137		21		401		48
Total lease cost	$	1,475	$	1,080	$	4,242	$	3,057

The components of supplemental cash flow information are as follows (in thousands):


	Nine Months Ended September 30,
	2025						2024
	Operating Leases			Finance Leases			Operating Leases			Finance Leases
Cash paid for amounts included in the measurement of lease liabilities:
Cash flows from operating activities	$	2,695		$	6		$	1,535		$	27
Cash flows from investing activities	$	—		$	—		$	2,491		$	2
Cash flows from financing activities	$	—		$	32		$	—		$	26
Right-of-use assets obtained in exchange for new lease liabilities	$	6,607		$	—		$	4,264		$	44
Right-of-use assets reduced due to lease modifications	$	7,103		$	—		$	—		$	—
Weighted average remaining lease term (months)	215			25			207			31
Weighted average discount rate	11.3		%	8.0		%	6.5		%	7.8		%

The table below includes the estimated future undiscounted cash flows for operating and finance leases as of September 30, 2025 (in thousands):


	Operating Leases		Finance Leases
Remainder of 2025	$	646	$	12
2026	15,327		45
2027	3,659		21
2028	3,834		8
2029	4,340		—
Thereafter	81,297		—
Total undiscounted lease payments	$	109,103	$	86
Less: imputed interest	72,770		6
Present value of lease liabilities	$	36,333	$	80

The table below includes the estimated future undiscounted cash flows for operating and finance leases as of September 30, 2025 (in thousands):


	Operating Leases		Finance Leases
Remainder of 2025	$	646	$	12
2026	15,327		45
2027	3,659		21
2028	3,834		8
2029	4,340		—
Thereafter	81,297		—
Total undiscounted lease payments	$	109,103	$	86
Less: imputed interest	72,770		6
Present value of lease liabilities	$	36,333	$	80