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LEASES
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
LEASES LEASES
The Company leases facilities under operating leases with various expiration dates through 2032. The Company leases office space in New York, Israel and several other locations.
The security deposits for the leases are $1.9 million and $3.3 million as of September 30, 2025 and December 31, 2024, respectively, which have been recognized as restricted cash and cash equivalents in the unaudited condensed consolidated balance sheets.
The Company’s operating lease expense consists of rent and variable lease payments. Variable lease payments such as common area maintenance were included in operating expenses. Rent expense for the Company’s short-term leases was immaterial for the periods presented. Operating lease expense was as follows (in thousands):

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Rent expense$2,804$2,900$8,377$8,748
Variable lease payments$52$87$316$260
Sublease income (1)$1,392$999$3,866$3,007
(1) The Company entered into sublease agreements for certain leased office space, and the amounts were included in other expense, net in the unaudited condensed consolidated statements of operations.

Supplemental information related to the Company’s operating leases was as follows ($ in thousands):
September 30, 2025December 31, 2024
Weighted-average remaining lease term (in years)5.25.8
Weighted-average discount rate9.0 %9.1 %
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Operating lease right-of-use assets recognized in exchange for new operating lease obligations
$— $(19,961)$(113)$(20,179)

Maturities of the Company’s operating lease liabilities as of September 30, 2025 were as follows (in thousands):

2025$2,458 
20269,877 
20278,421 
20285,716 
20295,811 
Thereafter11,139 
Total43,422 
Less: imputed interest(8,464)
Total operating lease liabilities$34,958