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Leases | 9 Months Ended
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Sep. 30, 2025
Leases [Abstract] |
Leases | 9. Leases The Company leases office space, domestically and internationally, under operating leases. The Company’s leases have remaining lease terms generally between on e year and seven years. Oper ating leases are included in operating lease right-of-use (“ROU”) assets, operating lease liabilities and long-term operating lease liabilities on the Company’s Unaudited Condensed Consolidated Balance Sheets. The Company does not have any finance leases. The table below reconciles the undiscounted cash flows for the first five years and total of the remaining years to the operating lease liabilities recorded in the Unaudited Condensed Consolidated Balance Sheet as of September 30, 2025 (in thousands):
Years ending December 31, |  | Amount |
2025 (remaining three months) |  | $ | 1,791 |
2026 |  |  | 7,511 |
2027 |  |  | 6,004 |
2028 |  |  | 4,869 |
2029 |  |  | 4,871 |
Thereafter |  |  | 4,918 |
Total minimum lease payments |  |  | 29,964 |
Less: amount of lease payments representing interest |  |  | (3,528 | )
Present value of future minimum lease payments |  |  | 26,436 |
Less: current obligations under leases |  |  | (6,135 | )
Long-term lease obligations |  | $ | 20,301 |
As of September 30, 2025, the weighted-average remaining lease term for the Company’s operating leases was 4.7 years and the weighted-average discount rate used to determine the present value of the Company’s operating leases was 7.6%. Operating lease costs included in research and development and selling, general and administrative costs in the Unaudited Condensed Consolidated Statements of Income were $1.5 million and $1.4 million for the three months ended September 30, 2025 and 2024, respectively. Operating lease costs included in research and development and selling, general and administrative costs in the Unaudited Condensed Consolidated Statements of Income were $4.4 million and $4.0 million for the nine months ended September 30, 2025 and 2024, respectively. Cash paid for amounts included in the measurement of operating lease liabilities was $5.4 million and $4.5 million for the nine months ended September 30, 2025 and 2024, respectively.

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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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