Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024, are as follows (in thousands):

	Operating
	Leases
2025	$	4,716
2026		5,293
2027		5,452
2028		5,616
2029		5,784
Thereafter		37,996
Total minimum lease payments		64,857
Less: amount representing interest		(32,732)
Present value of operating lease obligations		32,125
Less: current portion		(4,431)
Noncurrent operating lease obligations	$	27,694

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, 2024 and 2023 (in thousands):

	Year Ended December 31,
		2024	2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	9,010	$	18,839

	December 31, 2024	December 31, 2023
Weighted-average remaining lease term, years	11.74	12.79
Weighted-average discount rate, %	13.9	13.9