Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2025

Commitments and Contingencies.

Schedule of Future Minimum Lease Payments

Future minimum annual lease payments under the Company’s noncancelable operating leases as of June 30, 2025 are as follows (in thousands):

	Operating
	Leases
2025	$	2,153
2026		5,293
2027		5,452
2028		5,616
2029		5,784
Thereafter		37,996
Total minimum lease payments		62,294
Less: amount representing interest		(30,675)
Present value of operating lease obligations		31,619
Less: current portion		(4,488)
Noncurrent operating lease obligations	$	27,131

Schedule of Operating leases

The following table summarizes supplemental cash flow information related to the Company’s operating leases for the six months ended June 30, 2025 and 2024 (in thousands):

	Six Months Ended June 30,
		2025	2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,562	$	5,149

	June 30, 2025	December 31, 2024
Weighted-average remaining lease term, years	11.28	11.74
Weighted-average discount rate, %	13.9	13.9