v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of lease cost and supplemental lease information Operating lease expense is recorded on a straight-line basis over the lease term and lease costs were as follows:
For the years ended December 31,
202520242023
(in thousands)
Operating lease cost$6,108 $5,365 $3,860 
Variable lease cost627 511 405 
Short-term lease cost1,182 551 343 
Total lease cost$7,917 $6,427 $4,608 
Supplemental information related to operating lease transactions is as follows:
For the years ended December 31,
202520242023
(in thousands)
Lease liability payments$5,988 $5,079 $3,692 
Lease right-of-use assets obtained in exchange for liabilities$7,917 $6,938 $5,005 
Non-cash net increase in lease assets due to lease modifications
$1,535 $98 $553 
Non-cash net decrease in lease liability due to lease modifications$(1,417)$(739)$(553)
Weighted average remaining lease term and discount rate as of December 31, 2025 and 2024 were as follows:
As of December 31,
20252024
Weighted average remaining lease term, in years3.73.0
Weighted average discount rate7.6 %8.1 %
Schedule of operating lease maturities
As of December 31, 2025, operating lease liabilities will mature as follows:
Lease Payments
(in thousands)
20266,367 
20275,421 
20283,218 
20292,569 
20301,881 
Thereafter213 
Total lease payments19,669 
Less: imputed interest(2,633)
Total$17,036