Leases

9 Months Ended

Sep. 30, 2025

6. LEASES

We have operating leases primarily consisting of office and lab space, machinery and equipment and vehicles. We entered into a sublease agreement in 2023 that was terminated at the beginning of 2025, for existing office and lab space in Calgary, Alberta, Canada.

The components of lease expense and other information are as follows (in thousands):


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2025			2024			2025			2024
Consolidated Statements of Operations:
Operating lease expense	$	4,243		$	4,296		$	12,589		$	12,942
Short-term lease expense		453			393			1,334			1,230
Variable lease expense		425			212			1,284			1,032
Sublease income		—			(56	)		—			(169	)
Total lease expense	$	5,121		$	4,845		$	15,207		$	15,035
Consolidated Statements of Cash Flows:
Operating cash flows - operating leases payments	$	3,927		$	3,882		$	12,822		$	12,791
Right of use assets obtained (released) in exchange for operating lease obligations	$	2,184		$	3,647		$	7,060		$	10,606
Other information:
Weighted-average remaining lease term - operating leases	8.19 years			8.40 years			8.19 years			8.40 years
Weighted-average discount rate - operating leases		5.48	%		5.41	%		5.48	%		5.41	%

Scheduled undiscounted lease payments for non-cancellable operating leases consist of the following (in thousands):


	September 30, 2025
	Operating Leases
Remainder of 2025	$	3,786
2026		12,927
2027		10,140
2028		7,903
2029		5,330
Thereafter		26,146
Total undiscounted lease payments		66,232
Less: Imputed interest		(13,233	)
Total operating lease liabilities	$	52,999