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Leases (Tables) | 6 Months Ended
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Jun. 30, 2026
Leases [Abstract] |
Component of Lease Expense | The components of lease expense are as follows (in thousands):
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Operating lease expense |  | $ | 1,654 |  |  | $ | 1,623 |  |  | $ | 3,292 |  |  | $ | 3,257 |
Variable lease expense |  |  | 644 |  |  |  | 280 |  |  |  | 1,402 |  |  |  | 1,132 |
Total lease expense |  | $ | 2,298 |  |  | $ | 1,903 |  |  | $ | 4,694 |  |  | $ | 4,389 |
Summarizes Lease Expense | The following table summarizes lease expense incurred (in thousands):
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Research and development |  | $ | 1,973 |  |  | $ | 1,608 |  |  | $ | 4,217 |  |  | $ | 3,686 |
General and administrative |  |  | 325 |  |  |  | 294 |  |  |  | 477 |  |  |  | 702 |
Total lease expense |  | $ | 2,298 |  |  | $ | 1,902 |  |  | $ | 4,694 |  |  | $ | 4,388 |
Schedule of Lease Terms and Discount Rate | The weighted average remaining lease term and discount rate related to the Company's leases are as follows:
|  | June 30, 2026 |  |  | December 31, 2025 |
Weighted average remaining lease term (years) |  |  | 6.2 |  |  |  | 6.8 |
Weighted average discount rate |  |  | 9.8 | % |  |  | 9.9 | %
Schedule Of Supplemental Cash Flow Information Related To Leases | Supplemental cash flow information and other information relating to the Company's leases are as follows (in thousands):
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 1,995 |  |  | $ | 948 |  |  | $ | 3,993 |  |  | $ | 1,856 |
Amortization of ROU assets |  | $ | 708 |  |  | $ | 615 |  |  | $ | 1,351 |  |  | $ | 1,190 |
Schedule of Future Minimum Payments Under Non -cancelable Operating Leases | Future minimum lease payments under non-cancelable leases as of June 30, 2026 for each of the years ending December 31 are as follows (in thousands):
Undiscounted lease payments |  |  |
Remainder of 2026 |  | $ | 3,990 |
2027 |  |  | 8,204 |
2028 |  |  | 7,895 |
2029 |  |  | 7,575 |
2030 |  |  | 7,802 |
Thereafter |  |  | 15,625 |
Total undiscounted minimum lease payments |  |  | 51,091 |
Less: Imputed interest |  |  | (13,104 | )
Total operating lease liability |  | $ | 37,987 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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