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Leases (Tables)
3 Months Ended
Mar. 31, 2025
Lessee Disclosure [Abstract]  
Summary of Future Lease Payments Associated with Company's Operating Lease Liabilities

The future lease payments associated with the Company’s operating lease liabilities as of March 31, 2025 were as follows:

 

Amount

 

 

(in thousands)

 

2025 (remaining nine months)

 

$

4,676

 

2026

 

 

7,225

 

2027

 

 

7,441

 

2028

 

 

7,664

 

2029

 

 

7,894

 

Thereafter

 

 

10,225

 

Total undiscounted lease payments

 

 

45,125

 

Less: imputed interest

 

 

(14,679

)

Total operating lease liabilities

 

$

30,446

 

Summary of Future Cash Receipts Associated with Company's Sublease

The future cash receipts associated with the Company’s sublease as of March 31, 2025 are as follows:

 

 

Amount

 

 

(in thousands)

 

2025 (remaining nine months)

 

$

1,964

 

2026

 

 

1,322

 

Total undiscounted cash receipts

 

$

3,286

 

Summary of Total Lease Costs and Other Information

A summary of total lease costs and other information for the periods relating to the Company’s operating leases was as follows:

 

 

Three months ended March 31,

 

 

2025

 

 

2024

 

 

(in thousands)

 

Operating lease cost

 

$

1,567

 

 

$

2,249

 

Variable lease cost

 

 

848

 

 

 

227

 

Sublease income

 

 

(568

)

 

 

 

Total lease cost

 

$

1,847

 

 

$

2,476

 

Summary of Weighted-average Remaining Lease Term and Discount Rate

 

 

March 31,
2025

 

December 31,
2024

 

(in thousands)

Other information:

 

 

 

 

Weighted-average remaining lease term (in years)

 

6.0

 

6.3

Weighted-average discount rate

 

13.7%

 

13.7%

Schedule of Supplemental Cash Flow and Non-cash Information Related to Operating Leases

Supplemental cash flow and non-cash information related to the Company’s operating leases were as follows:

 

 

Three months ended March 31,

 

 

2025

 

 

2024

 

 

(in thousands)

 

Cash paid for amounts included in the measurement of lease
   liabilities

 

$

 

 

$

1,285