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Leases | 12 Months Ended
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Dec. 31, 2025
Leases [Abstract] |
Leases | 10. Leases The Company has entered into non-cancelable lease agreements for its offices with lease periods expiring at various dates through 2036. Components of operating lease expense were as follows:
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | (in thousands) |
Operating lease cost |  | $ | 9,388 |  |  | $ | 8,994 |  |  | $ | 9,144 |
Short-term lease cost |  |  | 949 |  |  |  | 1,067 |  |  |  | 571 |
Variable lease cost |  |  | 1,319 |  |  |  | 580 |  |  |  | 398 |
Total operating lease cost |  | $ | 11,656 |  |  | $ | 10,641 |  |  | $ | 10,113 |
Supplementary cash flow information related to operating leases was as follows:
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Cash paid for operating leases |  | $ | 9,317 |  |  | $ | 8,665 |  |  | $ | 8,453 |
ROU assets obtained in exchange for operating lease liabilities |  | $ | 6,834 |  |  | $ | 164 |  |  | $ | 6,282 |
As of December 31, 2025, the weighted-average discount rate is 4.4% and the weighted-average remaining term is 3.1 years. Maturities of the Company’s operating lease liabilities as of December 31, 2025 were as follows:
|  | December 31, 2025 |
|  | (in thousands) |
Year Ending December 31, |  |  |
2026 |  | $ | 6,234 |
2027 |  |  | 1,676 |
2028 |  |  | 1,752 |
2029 |  |  | 1,648 |
2030 |  |  | 1,697 |
Thereafter |  |  | 581 |
Total operating lease payments |  |  | 13,588 |
Less: imputed interest |  |  | (1,132 | )
Total operating lease liabilities |  | $ | 12,456 |
As of December 31, 2025, the Company had an additional commitment of $114.0 million for an operating lease related to a facility that had not yet commenced. The lease is expected to commence in 2026 with a lease term of 10 years.

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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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