Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Commitments and Contingent Liabilities

Summary of components of lease costs

The components of lease costs were as follows (in thousands):

	Year Ended December 31,
	2024		2023
Operating lease costs	$	3,469	$	4,747
Variable lease costs		1,202		545
Total lease costs	$	4,671	$	5,292

Schedule of information related to operating lease

Supplemental cash flow information related to the operating leases were as follows (in thousands):

	Year Ended December 31,
	2024		2023
Cash payments included in the measurement of operating lease liabilities	$	5,299	$	2,903

	December 31,		December 31,
	2024		2023
Weighted-average remaining lease term (years)	8.7		9.5
Weighted-average incremental borrowing rate	11.4	%	11.4	%

Schedule of future minimum lease payments under non-cancelable leases

Future minimum lease payments under non-cancelable leases as of December 31, 2024 were as detailed below (in thousands):

2025	$	4,959
2026		5,125
2027		5,296
2028		5,474
2029		5,658
Thereafter		21,857
Total undiscounted lease payments		48,369
Less: Imputed interest		(17,647)
Total operating lease liabilities	$	30,722