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Leases | 9 Months Ended
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Sep. 30, 2025
Leases [Abstract] |
Leases | 16. LEASES The Company has operating leases for its various facilities. As of September 30, 2025 and December 31, 2024, the Company’s weighted-average remaining lease term was 4.7 years and 5.2 years, respectively. As of September 30, 2025 and December 31, 2024, the weighted-average discount rate was 7.6% and 8.2%, respectively. The components of lease cost were as follows (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Operating lease cost(1) |  |  |  |  |  |  |  |  |  |  |  |
Fixed lease cost |  | $ | 1,614 |  |  | $ | 672 |  |  | $ | 3,273 |  |  | $ | 1,846 |
Short-term cost |  |  | 818 |  |  |  | 67 |  |  |  | 1,049 |  |  |  | 147 |
Total operating lease cost |  | $ | 2,432 |  |  | $ | 739 |  |  | $ | 4,322 |  |  | $ | 1,993 |
(1) The lease costs are reflected in the condensed consolidated statements of operations as follows (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Cost of revenue |  | $ | 520 |  |  | $ | 64 |  |  | $ | 785 |  |  | $ | 187 |
Research and development |  |  | 614 |  |  |  | 461 |  |  |  | 1,793 |  |  |  | 1,198 |
Sales and marketing |  |  | 55 |  |  |  | 60 |  |  |  | 290 |  |  |  | 116 |
General and administrative |  |  | 1,243 |  |  |  | 154 |  |  |  | 1,454 |  |  |  | 492 |
Total operating lease cost |  | $ | 2,432 |  |  | $ | 739 |  |  | $ | 4,322 |  |  | $ | 1,993 |
Supplemental cash flow and other information related to operating leases was as follows (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Cash payments (receipts) included in the measurement of operating lease liabilities, net of lease incentives |  | $ | 1,940 |  |  | $ | (835 | ) |  | $ | 3,483 |  |  | $ | (2,932 | )
As of September 30, 2025, maturities of operating lease liabilities are as follows (in thousands):
|  | Amount |
Year Ending December 31, |  |  |
2025 |  | $ | 2,313 |
2026 |  |  | 8,872 |
2027 |  |  | 7,576 |
2028 |  |  | 5,864 |
2029 |  |  | 4,578 |
Thereafter |  |  | 4,879 |
Total lease payments |  | $ | 34,082 |
Less: imputed interest |  |  | (5,566 | )
Present value of operating lease liabilities |  | $ | 28,516 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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