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Leases | 9 Months Ended
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Sep. 30, 2025
Leases [Abstract] |
Leases | 9. Leases The Company has entered into non-cancelable lease agreements for its offices with lease periods expiring at various dates through September 2030. Components of operating lease expense were as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (in thousands) |
Operating lease cost |  | $ | 2,304 |  |  | $ | 2,248 |  |  | $ | 6,816 |  |  | $ | 6,798 |
Short-term lease cost |  |  | 224 |  |  |  | 397 |  |  |  | 715 |  |  |  | 786 |
Variable lease cost |  |  | 333 |  |  |  | 102 |  |  |  | 935 |  |  |  | 320 |
Total operating lease cost |  | $ | 2,861 |  |  | $ | 2,747 |  |  | $ | 8,466 |  |  | $ | 7,904 |
Supplementary cash flow information related to operating leases was as follows:
|  | Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |
|  | (in thousands) |
Cash paid for operating leases |  | $ | 6,932 |  |  | $ | 6,636 |
ROU assets obtained in exchange for operating lease liabilities |  | $ | 3,378 |  |  | $ | 164 |
As of September 30, 2025, the weighted-average discount rate is 5.2% and the weighted-average remaining term is 2.3 years. Maturities of the Company’s operating lease liabilities as of September 30, 2025 were as follows:
|  | September 30, 2025 |
|  | (in thousands) |
Year Ending December 31, |  |  |
2025 (Remainder) |  | $ | 2,255 |
2026 |  |  | 5,697 |
2027 |  |  | 1,905 |
2028 |  |  | 861 |
2029 |  |  | 733 |
Thereafter |  |  | 531 |
Total operating lease payments |  |  | 11,982 |
Less: imputed interest |  |  | (834 | )
Total operating lease liabilities |  | $ | 11,148 |
As of September 30, 2025, the Company had an additional commitment of $110.0 million for an operating lease related to a facility that had not yet commenced. The lease will commence in 2026 with a lease term of 10 years. In addition, in October 2025, the Company entered into a lease agreement to extend its occupancy of an existing facility for 5.4 years, with a total commitment of $8.1 million.

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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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