Operating lease cost was $2,188 and $2,159 for the years ended December 31, 2025 and December 31, 2024,

respectively, and is included in other operating expenses on the consolidated statements of operations and

comprehensive income. Short-term and variable lease costs were immaterial for the years ended December 31, 2025

The following table provides supplemental balance sheet information about the Company’s leases as of


	December 31,
	2025	2024
Operating leases:
Right-of-use assets	$449	$2,498
Lease liability	$458	$2,612
Weighted-average remaining lease term:
Operating leases	0.34 years	1.18 years
Weighted-average discount rate:
Operating leases	3.42%	2.75%

On February 20, 2025, the Company entered into a new 152-month lease agreement for approximately 75,000

square feet of office space in Tampa, Florida. Access to the leased premises is expected to occur in phases beginning

in the first half of 2026. As of December 31, 2025, the lease had not commenced as the underlying asset had not

been made available for use by the Company. Accordingly, no right-of-use asset or lease liability has been

recognized. Total future contractual lease payments under this agreement are expected to approximate $45.7 million

Supplemental disclosure of cash flow information related to leases was as follows for the years ended December 31,


	Year Ended December 31,
	2025	2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$2,279	$2,184

The estimated future minimum payments of operating leases as of December 31, 2025 are as follows:


Years ending		Operating Leases
2026		$447
2027		12
2028		—
2029		—
2030		—
Thereafter		—
Total lease payments		459
Less: imputed interest		(1)
Present value of lease liabilities		$458