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Leases | 9 Months Ended
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Sep. 30, 2025
Leases [Abstract] |
Leases | Leases The Company has entered into various long-term real estate operating leases primarily related to office, research and development and operating activities and an equipment financing lease related to the supercomputer. The Company’s leases have remaining terms from under one year to eight years and some of those leases include options that provide Recursion with the ability to extend the lease term, generally for 5 years. The options are included in the lease term when it is reasonably certain that the option will be exercised. For the nine months ended September 30, 2025, Recursion entered into lease modifications and terminations resulting in a decrease to the right-of-use asset and lease liability of $10.1 million. This impact included the lease surrender of the Vienna facilities of Exscientia GmbH in March 2025, which resulted in a $5.2 million reduction to both the right-of-use asset and lease liability. In connection with this surrender, the Company also incurred a lease termination fee of $5.2 million, which was classified as “Other income (loss), net” on the Condensed Consolidated Statement of Operations. Additionally, the Company entered into a lease modification related to the Schrodinger leases to decrease the lease terms, which now ended during the second quarter of 2025. This resulted in a decrease to both the right-of-use asset and lease liability by $4.9 million. As a part of the lease modifications and termination, Recursion recorded leasehold impairments of $6.0 million. For the nine months ended September 30, 2024, Recursion entered into operating lease modifications and additions resulting in an increase to the right-of-use asset and lease liability of $19.5 million. The modifications had no impact to the Condensed Consolidated Statements of Operations. For the nine months ended September 30, 2024, Recursion entered into finance lease additions resulting in an increase to the right-of-use asset and lease liability of $29.3 million. Supplemental cash flow information related to leases were:
| Nine months ended September 30,
(in thousands) | 2025 | 2024
Cash paid for amount included in the measurement of lease liabilities: |  |
Operating cash flows from operating leases | $ | 14,756 |  | $ | 10,742 |
Operating cash flows from financing leases | 1,368 |  | 379 |
Financing cash flows from financing leases | 6,174 |  | 2,261 |
Right-of-use assets additions, modifications and termination: |  |
Operating leases | $ | (10,084) |  | $ | 19,455 |
Financing leases | — |  | 29,342 |
Leases | Leases The Company has entered into various long-term real estate operating leases primarily related to office, research and development and operating activities and an equipment financing lease related to the supercomputer. The Company’s leases have remaining terms from under one year to eight years and some of those leases include options that provide Recursion with the ability to extend the lease term, generally for 5 years. The options are included in the lease term when it is reasonably certain that the option will be exercised. For the nine months ended September 30, 2025, Recursion entered into lease modifications and terminations resulting in a decrease to the right-of-use asset and lease liability of $10.1 million. This impact included the lease surrender of the Vienna facilities of Exscientia GmbH in March 2025, which resulted in a $5.2 million reduction to both the right-of-use asset and lease liability. In connection with this surrender, the Company also incurred a lease termination fee of $5.2 million, which was classified as “Other income (loss), net” on the Condensed Consolidated Statement of Operations. Additionally, the Company entered into a lease modification related to the Schrodinger leases to decrease the lease terms, which now ended during the second quarter of 2025. This resulted in a decrease to both the right-of-use asset and lease liability by $4.9 million. As a part of the lease modifications and termination, Recursion recorded leasehold impairments of $6.0 million. For the nine months ended September 30, 2024, Recursion entered into operating lease modifications and additions resulting in an increase to the right-of-use asset and lease liability of $19.5 million. The modifications had no impact to the Condensed Consolidated Statements of Operations. For the nine months ended September 30, 2024, Recursion entered into finance lease additions resulting in an increase to the right-of-use asset and lease liability of $29.3 million. Supplemental cash flow information related to leases were:
| Nine months ended September 30,
(in thousands) | 2025 | 2024
Cash paid for amount included in the measurement of lease liabilities: |  |
Operating cash flows from operating leases | $ | 14,756 |  | $ | 10,742 |
Operating cash flows from financing leases | 1,368 |  | 379 |
Financing cash flows from financing leases | 6,174 |  | 2,261 |
Right-of-use assets additions, modifications and termination: |  |
Operating leases | $ | (10,084) |  | $ | 19,455 |
Financing leases | — |  | 29,342 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance 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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- 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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