Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies.

Schedule of Future Minimum Lease Payments

Future minimum annual lease payments under the Company’s noncancelable operating leases as of December 31, 2025, are as follows (in thousands):

	Operating
	Leases
2026	$	4,863
2027		5,452
2028		5,616
2029		5,784
2030		5,958
Thereafter		32,037
Total minimum lease payments		59,710
Less: amount representing interest		(28,613)
Present value of operating lease obligations		31,097
Less: current portion		(4,564)
Noncurrent operating lease obligations	$	26,533

Schedule of Operating leases

The following table summarizes supplemental cash flow information related to the Company’s operating leases for the years ended December 31, 2025 and 2024 (in thousands):

	Year Ended December 31,
		2025	2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	5,147	$	9,010

	December 31, 2025	December 31, 2024
Weighted-average remaining lease term, years	10.83	11.74
Weighted-average discount rate, %	14.0	13.9