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Leases | 6 Months Ended
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Jun. 30, 2026
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 2036. Components of operating lease expense were as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
|  | (in thousands) |
Operating lease cost |  | $ | 2,123 |  |  | $ | 2,278 |  |  | $ | 4,346 |  |  | $ | 4,512 |
Short-term lease cost |  |  | 240 |  |  |  | 243 |  |  |  | 476 |  |  |  | 491 |
Variable lease cost |  |  | 450 |  |  |  | 303 |  |  |  | 856 |  |  |  | 602 |
Total operating lease cost |  | $ | 2,813 |  |  | $ | 2,824 |  |  | $ | 5,678 |  |  | $ | 5,605 |
Supplementary cash flow information related to operating leases was as follows:
|  | Six Months Ended June 30, |
|  | 2026 |  |  | 2025 |
|  | (in thousands) |
Cash paid for operating leases |  | $ | 4,572 |  |  | $ | 4,581 |
Operating lease right-of-use assets obtained in exchange for operating lease liabilities |  | $ | 6,163 |  |  | $ | 3,774 |
As of June 30, 2026, the weighted-average discount rate is 4.8% and the weighted-average remaining term is 3.9 years. Maturities of the Company’s operating lease liabilities as of June 30, 2026 were as follows:
|  | June 30, 2026 |
|  | (in thousands) |
Year Ending December 31, |  |  |
2026 (Remainder) |  | $ | 2,303 |
2027 |  |  | 4,254 |
2028 |  |  | 3,889 |
2029 |  |  | 2,856 |
2030 |  |  | 2,942 |
Thereafter |  |  | 1,003 |
Total operating lease payments |  |  | 17,247 |
Less: imputed interest |  |  | (2,678 | )
Total operating lease liabilities |  | $ | 14,569 |
As of June 30, 2026, the Company had an additional commitment of $122.2 million under an operating lease for office space that the Company occupied beginning in July 2026 and has 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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