Leases (Tables)

3 Months Ended

Mar. 31, 2026

The following table summarizes assets and liabilities related to the Company’s operating leases:


	Condensed Consolidated Balance Sheets Location	March 31, 2026		December 31, 2025
		(In thousands)
Operating lease assets	Operating lease right-of-use assets, net	$	27,986	$	28,810

Current liabilities	Accrued and other current liabilities	$	9,030	$	9,108
Non-current liabilities	Operating lease liabilities, non-current	$	20,985	$	21,674

The following table presents the components of the Company’s total lease expense:


	Condensed Consolidated Statements	Three Months Ended March 31,
	of Operations Location	2026		2025
		(In thousands)
Operating lease cost:
Fixed lease costs	Cost of revenue and operating expenses	$	3,245	$	2,307
Variable lease costs	Operating expenses	411		174
Short-term lease costs	Operating expenses	366		402
Lease impairment cost	Impairment charges	—		99
Sublease income	Operating expenses	(483)		(57)



Total lease cost		$	3,539	$	2,925

The following table summarizes weighted-average lease terms and discount rates for the Company’s operating leases:

March 31, 2026

December 31, 2025

Weighted-average remaining lease term (in years)

3.51 years

3.53 years

Weighted-average discount rate

9.89%

9.85%

As of March 31, 2026, the maturities of the Company’s lease liabilities under operating leases were as follows:


Year	Operating Leases
	(In thousands)
Remainder of 2026	$	8,753
2027	10,385
2028	8,121
2029	5,589
2030	1,789
Thereafter	928
Total minimum payments required	$	35,565
Less: imputed interest	5,550
Total present value of lease liabilities	$	30,015