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Leases | 6 Months Ended
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Jun. 30, 2026
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 June 30, 2026, t he C ompany had five operating leases with remaining lease terms of less than one year to four years. In conjunction with one of the operating leases, the Company secured a letter of credit which has a balance of $605, as of June 30, 2026, and December 31, 2025, the balance was 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 June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Operating lease cost | $ | 724 |  |  | $ | 834 |  |  | $ | 1,583 |  |  | $ | 1,549 |
Short-term lease cost | 62 |  |  | 78 |  |  | 128 |  |  | 224 |
Sublease income | (56) |  |  | (169) |  |  | (225) |  |  | (337) |
Total lease cost | $ | 730 |  |  | $ | 743 |  |  | $ | 1,486 |  |  | $ | 1,436 |
Supplemental cash flow information related to the leases is as follows:
| Six Months Ended June 30,
| 2026 |  | 2025
Cash paid for amounts included in the measurement of lease liabilities | $ | 1,578 |  |  | $ | 1,678 |
Right-of-use assets obtained in exchange for lease liabilities: |  |  |
New operating leases entered into during the period | $ | — |  |  | $ | 1,703 |
Operating lease modification | — |  |  | 663 |
| $ | — |  |  | $ | 2,366 |
Supplemental balance sheet information related to the leases is as follows:
| June 30, 2026 |  | December 31, 2025
Assets: |  |  |
Right-of-use assets | $ | 3,264 |  | $ | 4,723
Liabilities: |  |  |
Accrued expenses and other current liabilities | $ | 1,363 |  | $ | 2,155
Lease liability, long-term portion | 1,912 |  | 2,574
Total operating lease liabilities | $ | 3,275 |  | $ | 4,729
Weighted average remaining operating lease term (years) | 2.4 |  | 2.5
Weighted average operating lease discount rate | 6.9% |  | 7.1%
The Company’s leases do 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 2026 | $ | 621 |
2027 | 1,386 |
2028 | 1,001 |
2029 | 585 |
Thereafter | — |
Total lease payments | $ | 3,593 |
Less: imputed interest | (318) |
Total lease liabilities | $ | 3,275 |
As of June 30, 2026, the Company has entered into one lease agreement that had not yet commenced for a term of 5 years with minimum lease payments of $3,130. The lease is expected to commence in the third quarter of 2026. There were no leases with residual value guarantees as of June 30, 2026.

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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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