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Leases

6 Months Ended

Jun. 30, 2025

Leases

Leases

5. Leases

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Operating leases consist primarily of office space and manufacturing facilities expiring at various dates through 2029. Finance leases relate to server leases expiring at various dates through 2029. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

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The undiscounted future non-cancellable lease payments under the Company’s operating and finance leases were as follows (in thousands):

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​	​	​	​
As of June 30, 2025		Amount
Remainder of 2025	​	$	742
2026	​	​	1,497
2027	​	​	1,380
2028	​	​	595
Thereafter	​	​	46
Total lease payments	​	​	4,260
Less: imputed interest	​	​	(264)
Total lease liabilities	​	​	3,996
Less: current portion of lease liabilities	​	​	(1,342)
Total lease liabilities, net of current portion	​	$	2,654
​	​	​	​

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Other information related to the Company’s operating lease liabilities was as follows:

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​	​	​	​	​	​	​
​	​	June 30,		​	December 31,
​		2025			2024
Weighted-average remaining lease term (years)		2.92	​	​	3.39
Weighted-average discount rate	​	4.50	%	​	4.50	%
​	​	​	​	​	​	​

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Other information related to the Company’s finance lease liabilities was as follows:

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​	​	​	​	​	​	​
​	​	June 30,		​	December 31,
​		2025			2024
Weighted-average remaining lease term (years)		3.67	​	​	4.15
Weighted-average discount rate	​	3.90	%	​	3.90	%

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- Definition

The entire disclosure of information about leases.

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