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Leases (Tables)
6 Months Ended
Jun. 30, 2026
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,
2026202520262025
Operating lease expense$4,423 $4,302 $8,514 $8,010 
Short-term lease expense226 140 448 284 
Supplemental cash flow information related to the Company’s leases is as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$4,245 $4,261 $8,292 $7,845 
Non-cash lease liabilities activity:
Leased assets obtained in exchange for new operating lease liabilities19,898 6,605 23,976 10,482 
Supplemental balance sheet information related to the Company’s leases is as follows:
June 30,
2026
December 31,
2025
Right-of-use lease assets$53,650 $38,737 
Other accrued liabilities12,734 12,536 
Long-term lease liabilities37,628 22,759 
Total operating lease liabilities$50,362 $35,295 
Weighted average remaining lease term (years)8.85.7
Weighted average discount rate6.67 %6.58 %
Schedule of Lessee, Operating Lease, Liability, Maturity
Maturities of operating lease liabilities as of June 30, 2026 were as follows:
For the remainder of 2026$8,503 
For the year ended December 31, 202713,254 
For the year ended December 31, 20288,982 
For the year ended December 31, 20295,622 
For the year ended December 31, 20303,494 
For the year ended December 31, 2031 and beyond29,889 
  Total lease payments69,744 
    Less: imputed interest(19,382)
Present value of lease liabilities (1)
$50,362 
(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 purpose of relocating its global headquarters. The lease for one portion of the laboratory space commenced during the second quarter of 2026 with a present value of operating lease liabilities of $19.0 million as of June 30, 2026. The lease for the remaining portions of laboratory and office space is expected to commence upon the completion of the lessor-owned leasehold improvements, which is expected to be in the fourth quarter of 2026 or the first quarter of 2027. The cumulative future lease commitment for the remaining laboratory and office space that has not yet commenced is $48.8 million. The future lease commitments relating to the leases that have not yet commenced were not included in the operating lease liabilities balance as of June 30, 2026.