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Leases (Notes)
 12 Months Ended
Dec. 31, 2025
Statement of Financial Position [Abstract]  
Lessor, Operating Leases
18.    LEASES
Octave is the lessee under certain lease agreements further described below.
Lessee information
Octave is the lessee in operating leases for corporate offices. Leases in effect at December 31, 2025, have remaining lease terms ranging from under 2 years to 8 years. Certain of these leases include early termination provisions which Octave does not include in the determination of its lease liabilities and right-of-use assets unless exercise is considered reasonably certain.
Lease costs are included in operating expenses on the Consolidated Statement of Total Comprehensive Income (Loss). The components of lease costs, net of sub-lessor income, is as follows:
Year Ended December 31,202520242023
Operating lease cost$9,118 $4,247 $3,904 
Short-term lease cost16 — 52 
Variable lease cost356 437 404 
Sublease income407 (1,086)(1,124)
Total lease cost$9,897 $3,598 $3,236 
Octave is required to make variable lease payments under certain leases which primarily relates to variable costs of the lessor, such as taxes, insurance, maintenance and electricity.
During 2025, Octave terminated an operating lease for office space and incurred a termination payment of $6,481, which is included within operating lease cost. Additionally, costs related to a separate operating lease for office space was transferred to AAC prior to completion of sale, lease cost prior to transfer are included within table above.
Supplemental information related to leases is as follows:
Year Ended December 31,202520242023
Cash paid for amounts included in the measurement of operating lease liabilities$11,060 $4,432 $4,155 
Right-of-use assets obtained in exchange for operating lease liabilities (non-cash)8,761 2,256 714 
Supplemental balance sheet information related to leases is as follows:
December 31,20252024
Operating leases:
Operating lease right of use assets$9,192 $18,107 
Operating lease liabilities9,854 21,543 
Weighted average remaining lease term:
Operating leases4.6 years5.1 years
Weighted average discount rate:
Operating leases6.3 %7.8 %
Operating lease right of use assets and operating lease liabilities are included in Other assets and Other liabilities, respectively, on the consolidated balance sheet.
Future undiscounted lease payments, gross of sublease receipts, to be made are as follows:
As of December 31, 2025Operating
Leases
2026$2,523 
20272,667 
20282,589 
20292,096 
20301,004 
Thereafter463 
Total lease payments11,342 
Less: imputed interest(1,488)
Total$9,854 
Lessee, Operating Leases
18.    LEASES
Octave is the lessee under certain lease agreements further described below.
Lessee information
Octave is the lessee in operating leases for corporate offices. Leases in effect at December 31, 2025, have remaining lease terms ranging from under 2 years to 8 years. Certain of these leases include early termination provisions which Octave does not include in the determination of its lease liabilities and right-of-use assets unless exercise is considered reasonably certain.
Lease costs are included in operating expenses on the Consolidated Statement of Total Comprehensive Income (Loss). The components of lease costs, net of sub-lessor income, is as follows:
Year Ended December 31,202520242023
Operating lease cost$9,118 $4,247 $3,904 
Short-term lease cost16 — 52 
Variable lease cost356 437 404 
Sublease income407 (1,086)(1,124)
Total lease cost$9,897 $3,598 $3,236 
Octave is required to make variable lease payments under certain leases which primarily relates to variable costs of the lessor, such as taxes, insurance, maintenance and electricity.
During 2025, Octave terminated an operating lease for office space and incurred a termination payment of $6,481, which is included within operating lease cost. Additionally, costs related to a separate operating lease for office space was transferred to AAC prior to completion of sale, lease cost prior to transfer are included within table above.
Supplemental information related to leases is as follows:
Year Ended December 31,202520242023
Cash paid for amounts included in the measurement of operating lease liabilities$11,060 $4,432 $4,155 
Right-of-use assets obtained in exchange for operating lease liabilities (non-cash)8,761 2,256 714 
Supplemental balance sheet information related to leases is as follows:
December 31,20252024
Operating leases:
Operating lease right of use assets$9,192 $18,107 
Operating lease liabilities9,854 21,543 
Weighted average remaining lease term:
Operating leases4.6 years5.1 years
Weighted average discount rate:
Operating leases6.3 %7.8 %
Operating lease right of use assets and operating lease liabilities are included in Other assets and Other liabilities, respectively, on the consolidated balance sheet.
Future undiscounted lease payments, gross of sublease receipts, to be made are as follows:
As of December 31, 2025Operating
Leases
2026$2,523 
20272,667 
20282,589 
20292,096 
20301,004 
Thereafter463 
Total lease payments11,342 
Less: imputed interest(1,488)
Total$9,854