Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies.

Schedule of Future Minimum Lease Payments

Future minimum annual lease payments under the Company’s non-cancelable operating leases as of March 31, 2026 are as follows (in thousands):

	Operating
	Leases
2026 (remaining)	$	3,550
2027		5,452
2028		5,616
2029		5,784
2030		5,958
Thereafter		32,037
Total minimum lease payments		58,397
Less: amount representing interest		(27,621)
Present value of operating lease obligations		30,776
Less: current portion		(4,593)
Noncurrent operating lease obligations	$	26,183

Schedule of Operating leases

The following table summarizes supplemental cash flow information related to the Company’s operating leases for the three months ended March 31, 2026 and 2025 (in thousands):

	Three Months Ended March 31,
		2026	2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,308	$	1,671

	March 31, 2026	December 31, 2025
Weighted-average remaining lease term, years	10.6	10.8
Weighted-average discount rate, %	14.0	14.0