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Leases (Tables) | 6 Months Ended
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Jun. 30, 2025
Leases [Abstract] |
Schedule of Lease, Cost | The components of the Company’s lease expense are as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Operating lease expense | $ | 4,302 |  |  | $ | 3,727 |  |  | $ | 8,010 |  |  | $ | 7,470 |
Short-term lease expense | 140 |  |  | 193 |  |  | 284 |  |  | 392 |
Supplemental cash flow information related to the Company’s leases is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |
Operating cash flows from operating leases | $ | 4,261 |  |  | $ | 3,736 |  |  | $ | 7,845 |  |  | $ | 7,397 |
Non-cash lease liabilities activity: |  |  |  |  |  |  |
Leased assets obtained in exchange for new operating lease liabilities | 6,605 |  |  | 2,130 |  |  | 10,482 |  |  | 5,364 |
Supplemental balance sheet information related to the Company’s leases is as follows:
| June 30, 2025 |  | December 31, 2024
Right-of-use lease assets | $ | 40,610 |  |  | $ | 34,120 |
Other accrued liabilities | 12,830 |  |  | 10,619 |
Long-term lease liabilities | 24,315 |  |  | 20,028 |
Total operating lease liabilities | $ | 37,145 |  |  | $ | 30,647 |
Weighted average remaining lease term (years) | 9.5 |  | 5.0
Weighted average discount rate | 6.16 | % |  | 5.63 | %
Schedule of Lessee, Operating Lease, Liability, Maturity | Maturities of operating lease liabilities as of June 30, 2025 were as follows:
For the remainder of 2025 | $ | 8,028 |
For the year ended December 31, 2026 | 12,475 |
For the year ended December 31, 2027 | 7,905 |
For the year ended December 31, 2028 | 5,284 |
For the year ended December 31, 2029 | 3,402 |
For the year ended December 31, 2030 and beyond | 6,707 |
Total lease payments | 43,801 |
Less: imputed interest | (6,656) |
Present value of lease liabilities (1) | $ | 37,145 |
(1) During the year ended December 31, 2024, the Company entered into a new lease agreement for office and laboratory space in Radnor, Pennsylvania for the purposes of relocating its global headquarters. The lease is expected to commence in the third quarter of 2025 with a total lease commitment of $79.7 million. The $79.7 million of future lease commitments relating to this lease were not included in the lease liabilities balance as of June 30, 2025.

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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