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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Lease, Cost

The components of lease expense and supplemental information were as follows (in thousands):

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

Operating lease costs

 

$

4,061

 

 

$

4,153

 

Variable lease costs

 

 

976

 

 

 

397

 

Short-term lease costs

 

 

67

 

 

 

22

 

Total lease costs

 

$

5,104

 

 

$

4,572

 

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

Weighted-average remaining lease term (in years)

 

 

7.8

 

 

 

8.7

 

Weighted-average incremental borrowing rate

 

 

6.2

%

 

 

6.2

%

Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases are as follows (in thousands):

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

3,969

 

 

$

3,941

 

Lease liability obtained in exchange for right-of-use assets

 

$

 

 

$

514

 

Schedule of Future Minimum Commitments

As of December 31, 2024, future minimum commitments under the Company’s non-cancelable facility operating leases are as follows:

 

Years ending December 31,

 

(in thousands)

 

2025

 

$

3,846

 

2026

 

 

3,957

 

2027

 

 

4,072

 

2028

 

 

4,191

 

2029

 

 

4,312

 

Thereafter

 

 

12,562

 

Total undiscounted future minimum lease payments

 

 

32,940

 

Present value adjustment for minimum lease commitments

 

 

(6,976

)

Total operating lease liabilities

 

$

25,964