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Leases | 3 Months Ended
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Mar. 31, 2026
Leases [Abstract] |
Leases | Leases As of March 31, 2026, we had a non-cancelable operating lease for our corporate headquarters and manufacturing facilities located in Fremont, California. Our Fremont, California lease, which expires in June 2027, provides us with an option to extend the term for one additional 5-year period and we determined with reasonable certainty that we will exercise such option. During the three months ended March 31, 2026, on January 30, 2026, we entered into an agreement with the lessor to terminate the operating lease for our Brighton, Colorado facility, in exchange for a one-time payment of $20.0 million. To account for the effect of the lease termination on our results of operations as of March 31, 2026, we derecognized the related lease liability of $33.2 million and the remaining right‑of‑use asset of $13.4 million, and recorded a net loss on lease termination of approximately $0.2 million. Our operating lease does not contain any material residual value guarantees. We had no leases that were classified as finance leases as of March 31, 2026 and December 31, 2025. The components of lease expense during the three months ended March 31, 2026 and 2025 are shown in the table below (in thousands):
| Three months ended March 31,
| 2026 |  | 2025
Operating lease expense | $ | 619 |  |  | $ | 1,286 |
Variable lease expense | 560 |  |  | 786 |
Short-term lease expense | 30 |  |  | 23 |
Total lease expense | $ | 1,209 |  |  | $ | 2,095 |
Other information about our operating leases during the three months ended March 31, 2026 and 2025 are shown in the table below (amounts in thousands):
|  | Three months ended March 31,
|  | 2026 |  | 2025
Cash paid for amounts included in the measurement of operating lease liabilities including termination of a lease |  | $ | 20,594 |  |  | $ | 848 |
Weighted-average remaining lease term |  | 6.2 years |  | 13.2 years
Weighted-average discount rate |  | 7.9 | % |  | 9.5 | %
Future operating lease payments, net of tenant improvement allowance, as of March 31, 2026 are as follows (in thousands):
Year ending December 31: | Amount
Remainder of 2026 | $ | 915 |
2027 | 1,268 |
2028 | 1,306 |
2029 | 1,340 |
2030 | 1,367 |
2031 | 1,378 |
Thereafter | 698 |
Total lease payments, net of tenant improvement allowance | 8,272 |
Less - present value adjustments | (1,710) |
Total operating lease liabilities | $ | 6,562 |

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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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