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LEASES
6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
LEASES LEASES
The Company leases its offices and data center housing space at various locations under non-cancelable operating lease agreements expiring at various dates through 2034. Under the terms of these agreements, the Company also bears the costs for certain insurance, property tax, and maintenance. The terms of certain lease agreements provide for increasing rental payments at fixed intervals.
Total operating lease related costs were as follows (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Operating lease cost$382 $322 $745 $646 
Short-term lease cost24 50 13 
Total lease cost$406 $331 $795 $659 
The weighted-average remaining term of the Company’s operating leases was 4.2 years and 3.9 years as of June 30, 2025 and December 31, 2024, respectively. The weighted-average discount rate used to measure the present value of the operating lease liabilities was 10.0% as of both June 30, 2025 and December 31, 2024. Cash payments made related to operating lease liabilities were $0.5 million and $0.2 million for the three months ended June 30, 2025 and 2024, respectively, and $0.8 million and $0.5 million for the six months ended June 30, 2025 and 2024, respectively.
Maturities of operating lease liabilities as of June 30, 2025 were as follows (in thousands):
Fiscal year ending December 31,
Amount
Remainder of 2025
$739 
20261,570 
20271,527 
20281,109 
2029411 
Thereafter594 
Total undiscounted cash flows5,950 
Less: imputed interest(1,111)
Present value of lease liabilities$4,839 
Operating lease liabilities, current$1,106 
Operating lease liabilities, noncurrent3,733 
Total lease liabilities $4,839