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Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information Related to Leases

The table below sets forth information regarding the Company’s lease agreements with an initial term of greater than 12 months (dollars in thousands):

 

 

 

Year ended December 31,

 

 

 

2025

 

 

2024

 

Operating lease right-of-use assets, net

 

$

19,420

 

 

$

14,014

 

Operating lease liabilities

 

$

19,928

 

 

$

14,508

 

Weighted-average lease term (in years)

 

 

7.0

 

 

 

7.3

 

Weighted-average discount rate

 

 

11.0

%

 

 

12.4

%

 

Schedule of Lease Expense The table below sets forth information regarding the Company's lease costs, which are included as general and administrative expenses in the Company's consolidated statements of operations for the periods presented (in thousands):

 

 

Year ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Short-term operating lease expense

 

$

4,682

 

 

$

3,468

 

 

$

2,159

 

Operating lease expense

 

 

2,720

 

 

 

2,031

 

 

 

2,046

 

Total lease expense

 

$

7,402

 

 

$

5,499

 

 

$

4,205

 

Schedule of Maturities of Operating Lease Liabilities

As of December 31, 2025, the maturities of the Company’s operating lease liabilities were as follows (in thousands):

 

2026

 

$

4,340

 

2027

 

 

4,187

 

2028

 

 

4,088

 

2029

 

 

4,059

 

2030

 

 

3,040

 

Thereafter

 

 

8,370

 

Total lease payments

 

 

28,084

 

Less effects of discounting

 

 

(8,156

)

Present value of lease liabilities

 

$

19,928