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Leases
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Leases Leases
Operating Leases
Company as a lessee
The Company enters into operating leases in the normal course of business, primarily for office space. As of September 30, 2025, the Company had five operating leases with remaining lease terms of less than one year to 2.5 years.
In conjunction with one of the operating leases, the Company secured a letter of credit which has a balance of $605 and $605, as of September 30, 2025, and December 31, 2024, the balance is recorded as “Restricted cash” on the condensed consolidated balance sheets.
Components of lease cost included in “Selling, general and administrative expenses” on the condensed consolidated statements of operations are as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Operating lease cost$862 $579 $2,413 $1,515 
Short-term lease cost61 244 285 891 
Sublease income(169)(169)(506)(662)
Total lease cost$754 $654 $2,192 $1,744 
Supplemental cash flow information related to the lease is as follows:
Nine Months Ended
September 30,
20252024
Cash paid for amounts included in the measurement of lease liabilities$2,590 $1,485 
Right-of-use assets obtained in exchange for lease liabilities:
New operating leases entered into during the period $1,708 $797 
Operating lease modification663 — 
$2,371 $797 
Supplemental balance sheet information related to the lease is as follows:
September 30,
2025		December 31,
2024
Assets:
Right-of-use assets$3,230$3,053
Liabilities:
Accrued expenses and other current liabilities$2,660$2,370
Lease liability, long-term portion672963
Total operating lease liabilities$3,332$3,333
Weighted average remaining operating lease term (years)1.21.6
Weighted average operating lease discount rate7.8%9.1%
The Company’s lease does not provide a readily determinable implicit discount rate. The Company estimates its incremental borrowing rate as the discount rate based on the information available at lease commencement. Future maturities of lease liabilities are as follows:
Remainder of 2025$886 
20262,117 
2027434 
202821 
Thereafter— 
Total lease payments$3,458 
Less: imputed interest(126)
Total lease liabilities$3,332 
There were no leases with residual value guarantees or executed leases that had not yet commenced as of September 30, 2025.
Company as a lessor
The Company is a sublessor on one operating lease that expires in April 2026.
Future non-cancelable rent payments from the Company's sublease tenant are as follows:
Remainder of 2025$169 
2026225 
Thereafter— 
$394 
Leases Leases
Operating Leases
Company as a lessee
The Company enters into operating leases in the normal course of business, primarily for office space. As of September 30, 2025, the Company had five operating leases with remaining lease terms of less than one year to 2.5 years.
In conjunction with one of the operating leases, the Company secured a letter of credit which has a balance of $605 and $605, as of September 30, 2025, and December 31, 2024, the balance is recorded as “Restricted cash” on the condensed consolidated balance sheets.
Components of lease cost included in “Selling, general and administrative expenses” on the condensed consolidated statements of operations are as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Operating lease cost$862 $579 $2,413 $1,515 
Short-term lease cost61 244 285 891 
Sublease income(169)(169)(506)(662)
Total lease cost$754 $654 $2,192 $1,744 
Supplemental cash flow information related to the lease is as follows:
Nine Months Ended
September 30,
20252024
Cash paid for amounts included in the measurement of lease liabilities$2,590 $1,485 
Right-of-use assets obtained in exchange for lease liabilities:
New operating leases entered into during the period $1,708 $797 
Operating lease modification663 — 
$2,371 $797 
Supplemental balance sheet information related to the lease is as follows:
September 30,
2025		December 31,
2024
Assets:
Right-of-use assets$3,230$3,053
Liabilities:
Accrued expenses and other current liabilities$2,660$2,370
Lease liability, long-term portion672963
Total operating lease liabilities$3,332$3,333
Weighted average remaining operating lease term (years)1.21.6
Weighted average operating lease discount rate7.8%9.1%
The Company’s lease does not provide a readily determinable implicit discount rate. The Company estimates its incremental borrowing rate as the discount rate based on the information available at lease commencement. Future maturities of lease liabilities are as follows:
Remainder of 2025$886 
20262,117 
2027434 
202821 
Thereafter— 
Total lease payments$3,458 
Less: imputed interest(126)
Total lease liabilities$3,332 
There were no leases with residual value guarantees or executed leases that had not yet commenced as of September 30, 2025.
Company as a lessor
The Company is a sublessor on one operating lease that expires in April 2026.
Future non-cancelable rent payments from the Company's sublease tenant are as follows:
Remainder of 2025$169 
2026225 
Thereafter— 
$394