Commitments and Contingencies (Tables)

3 Months Ended

Mar. 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 March 31, 2025 are as follows (in thousands):

	Operating
	Leases
2025	$	4,199
2026		5,293
2027		5,452
2028		5,616
2029		5,784
Thereafter		37,996
Total minimum lease payments		64,340
Less: amount representing interest		(32,465)
Present value of operating lease obligations		31,875
Less: current portion		(4,459)
Noncurrent operating lease obligations	$	27,416

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, 2025 and 2024 (in thousands):

	Three Months Ended March 31,
		2025	2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	1,671	$	3,355

	March 31, 2025	December 31, 2024
Weighted-average remaining lease term, years	11.53	11.74
Weighted-average discount rate, %	13.9	13.9