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Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Components of Operating Lease Expense

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

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

 

 

Summary of Minimum Lease Payments Under Operating Leases

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