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Leases | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Leases | Leases The Company has finance leases for computer equipment and operating leases for real estate. These leases have remaining lease terms of less than one year to five years, some of which include options to extend the leases for up to five years, and some of which include options to terminate the leases within two years. As of December 31, 2024, the weighted average remaining lease term for the Company's finance leases and operating leases was 2.3 years and 2.6 years, respectively. As of December 31, 2024, the weighted average discount rate for the Company's finance leases and operating leases was 9.4% and 11.0%, respectively. The components of lease cost were as follows:
|  | Years Ended December 31,
(In thousands) |  | 2024 |  | 2023 |  | 2022
Finance lease cost |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 3,651 |  |  | $ | 1,929 |  |  | $ | 2,364 |
Interest on lease liabilities |  | 712 |  |  | 244 |  |  | 338 |
Total finance lease cost |  | $ | 4,363 |  |  | $ | 2,173 |  |  | $ | 2,702 |
Operating lease cost |  |  |  |  |  |
Fixed lease cost |  | $ | 8,248 |  |  | $ | 9,231 |  |  | $ | 11,174 |
Short-term lease cost |  | 73 |  |  | 86 |  |  | 150 |
Variable lease cost |  | 987 |  |  | 1,077 |  |  | 1,369 |
Sublease income |  | (1,647) |  |  | (2,001) |  |  | (2,572) |
Total operating lease cost |  | $ | 7,661 |  |  | $ | 8,393 |  |  | $ | 10,121 |
Lease costs, net of sublease income, are reflected in the Consolidated Statements of Operations and Comprehensive Loss as follows:
|  | Years Ended December 31,
(In thousands) |  | 2024 |  | 2023 |  | 2022
Amortization of right-of-use assets |  |  |  |  |  |
Cost of revenues |  | $ | 3,411 |  |  | $ | 574 |  |  | $ | 1,747 |
Selling and marketing |  | 98 |  |  | 629 |  |  | 263 |
Research and development |  | 90 |  |  | 470 |  |  | 216 |
General and administrative |  | 52 |  |  | 256 |  |  | 138 |
Total amortization of right-of-use assets |  | $ | 3,651 |  |  | $ | 1,929 |  |  | $ | 2,364 |
Operating lease cost |  |  |  |  |  |
Cost of revenues |  | $ | 2,643 |  |  | $ | 2,497 |  |  | $ | 3,030 |
Selling and marketing |  | 2,192 |  |  | 2,738 |  |  | 3,391 |
Research and development |  | 1,787 |  |  | 2,044 |  |  | 2,382 |
General and administrative |  | 1,039 |  |  | 1,114 |  |  | 1,318 |
Total operating lease cost |  | $ | 7,661 |  |  | $ | 8,393 |  |  | $ | 10,121 |
Maturities of operating and finance lease liabilities as of December 31, 2024 were as follows:
(In thousands) | Operating Leases |  | Finance Leases
2025 | $ | 10,594 |  |  | $ | 4,245 |
2026 | 10,014 |  |  | 3,885 |
2027 | 5,821 |  |  | 1,559 |
2028 | 183 |  |  | — |
2029 | 91 |  |  | — |
Total lease payments | 26,703 |  |  | 9,689 |
Less: imputed interest | 3,300 |  |  | 946 |
Total lease liabilities | 23,403 |  |  | 8,743 |
Less: current lease liabilities | 8,598 |  |  | 3,660 |
Total non-current lease liabilities | $ | 14,805 |  |  | $ | 5,083 |
As of December 31, 2024, the Company has four subleases. One sublease has a non-cancelable term of less than one year. The remaining three subleases are non-cancelable and have remaining lease terms of one year to three years. None of these subleases contain any options to renew or terminate the sublease agreement. Future expected cash receipts from these subleases as of December 31, 2024 were as follows:
(In thousands) | Sublease Receipts
2025 | $ | 2,018 |
2026 | 2,155 |
2027 | 1,145 |
2028 and thereafter | — |
Total expected sublease receipts | $ | 5,318 |
Leases | Leases The Company has finance leases for computer equipment and operating leases for real estate. These leases have remaining lease terms of less than one year to five years, some of which include options to extend the leases for up to five years, and some of which include options to terminate the leases within two years. As of December 31, 2024, the weighted average remaining lease term for the Company's finance leases and operating leases was 2.3 years and 2.6 years, respectively. As of December 31, 2024, the weighted average discount rate for the Company's finance leases and operating leases was 9.4% and 11.0%, respectively. The components of lease cost were as follows:
|  | Years Ended December 31,
(In thousands) |  | 2024 |  | 2023 |  | 2022
Finance lease cost |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 3,651 |  |  | $ | 1,929 |  |  | $ | 2,364 |
Interest on lease liabilities |  | 712 |  |  | 244 |  |  | 338 |
Total finance lease cost |  | $ | 4,363 |  |  | $ | 2,173 |  |  | $ | 2,702 |
Operating lease cost |  |  |  |  |  |
Fixed lease cost |  | $ | 8,248 |  |  | $ | 9,231 |  |  | $ | 11,174 |
Short-term lease cost |  | 73 |  |  | 86 |  |  | 150 |
Variable lease cost |  | 987 |  |  | 1,077 |  |  | 1,369 |
Sublease income |  | (1,647) |  |  | (2,001) |  |  | (2,572) |
Total operating lease cost |  | $ | 7,661 |  |  | $ | 8,393 |  |  | $ | 10,121 |
Lease costs, net of sublease income, are reflected in the Consolidated Statements of Operations and Comprehensive Loss as follows:
|  | Years Ended December 31,
(In thousands) |  | 2024 |  | 2023 |  | 2022
Amortization of right-of-use assets |  |  |  |  |  |
Cost of revenues |  | $ | 3,411 |  |  | $ | 574 |  |  | $ | 1,747 |
Selling and marketing |  | 98 |  |  | 629 |  |  | 263 |
Research and development |  | 90 |  |  | 470 |  |  | 216 |
General and administrative |  | 52 |  |  | 256 |  |  | 138 |
Total amortization of right-of-use assets |  | $ | 3,651 |  |  | $ | 1,929 |  |  | $ | 2,364 |
Operating lease cost |  |  |  |  |  |
Cost of revenues |  | $ | 2,643 |  |  | $ | 2,497 |  |  | $ | 3,030 |
Selling and marketing |  | 2,192 |  |  | 2,738 |  |  | 3,391 |
Research and development |  | 1,787 |  |  | 2,044 |  |  | 2,382 |
General and administrative |  | 1,039 |  |  | 1,114 |  |  | 1,318 |
Total operating lease cost |  | $ | 7,661 |  |  | $ | 8,393 |  |  | $ | 10,121 |
Maturities of operating and finance lease liabilities as of December 31, 2024 were as follows:
(In thousands) | Operating Leases |  | Finance Leases
2025 | $ | 10,594 |  |  | $ | 4,245 |
2026 | 10,014 |  |  | 3,885 |
2027 | 5,821 |  |  | 1,559 |
2028 | 183 |  |  | — |
2029 | 91 |  |  | — |
Total lease payments | 26,703 |  |  | 9,689 |
Less: imputed interest | 3,300 |  |  | 946 |
Total lease liabilities | 23,403 |  |  | 8,743 |
Less: current lease liabilities | 8,598 |  |  | 3,660 |
Total non-current lease liabilities | $ | 14,805 |  |  | $ | 5,083 |
As of December 31, 2024, the Company has four subleases. One sublease has a non-cancelable term of less than one year. The remaining three subleases are non-cancelable and have remaining lease terms of one year to three years. None of these subleases contain any options to renew or terminate the sublease agreement. Future expected cash receipts from these subleases as of December 31, 2024 were as follows:
(In thousands) | Sublease Receipts
2025 | $ | 2,018 |
2026 | 2,155 |
2027 | 1,145 |
2028 and thereafter | — |
Total expected sublease receipts | $ | 5,318 |
Leases | Leases The Company has finance leases for computer equipment and operating leases for real estate. These leases have remaining lease terms of less than one year to five years, some of which include options to extend the leases for up to five years, and some of which include options to terminate the leases within two years. As of December 31, 2024, the weighted average remaining lease term for the Company's finance leases and operating leases was 2.3 years and 2.6 years, respectively. As of December 31, 2024, the weighted average discount rate for the Company's finance leases and operating leases was 9.4% and 11.0%, respectively. The components of lease cost were as follows:
|  | Years Ended December 31,
(In thousands) |  | 2024 |  | 2023 |  | 2022
Finance lease cost |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 3,651 |  |  | $ | 1,929 |  |  | $ | 2,364 |
Interest on lease liabilities |  | 712 |  |  | 244 |  |  | 338 |
Total finance lease cost |  | $ | 4,363 |  |  | $ | 2,173 |  |  | $ | 2,702 |
Operating lease cost |  |  |  |  |  |
Fixed lease cost |  | $ | 8,248 |  |  | $ | 9,231 |  |  | $ | 11,174 |
Short-term lease cost |  | 73 |  |  | 86 |  |  | 150 |
Variable lease cost |  | 987 |  |  | 1,077 |  |  | 1,369 |
Sublease income |  | (1,647) |  |  | (2,001) |  |  | (2,572) |
Total operating lease cost |  | $ | 7,661 |  |  | $ | 8,393 |  |  | $ | 10,121 |
Lease costs, net of sublease income, are reflected in the Consolidated Statements of Operations and Comprehensive Loss as follows:
|  | Years Ended December 31,
(In thousands) |  | 2024 |  | 2023 |  | 2022
Amortization of right-of-use assets |  |  |  |  |  |
Cost of revenues |  | $ | 3,411 |  |  | $ | 574 |  |  | $ | 1,747 |
Selling and marketing |  | 98 |  |  | 629 |  |  | 263 |
Research and development |  | 90 |  |  | 470 |  |  | 216 |
General and administrative |  | 52 |  |  | 256 |  |  | 138 |
Total amortization of right-of-use assets |  | $ | 3,651 |  |  | $ | 1,929 |  |  | $ | 2,364 |
Operating lease cost |  |  |  |  |  |
Cost of revenues |  | $ | 2,643 |  |  | $ | 2,497 |  |  | $ | 3,030 |
Selling and marketing |  | 2,192 |  |  | 2,738 |  |  | 3,391 |
Research and development |  | 1,787 |  |  | 2,044 |  |  | 2,382 |
General and administrative |  | 1,039 |  |  | 1,114 |  |  | 1,318 |
Total operating lease cost |  | $ | 7,661 |  |  | $ | 8,393 |  |  | $ | 10,121 |
Maturities of operating and finance lease liabilities as of December 31, 2024 were as follows:
(In thousands) | Operating Leases |  | Finance Leases
2025 | $ | 10,594 |  |  | $ | 4,245 |
2026 | 10,014 |  |  | 3,885 |
2027 | 5,821 |  |  | 1,559 |
2028 | 183 |  |  | — |
2029 | 91 |  |  | — |
Total lease payments | 26,703 |  |  | 9,689 |
Less: imputed interest | 3,300 |  |  | 946 |
Total lease liabilities | 23,403 |  |  | 8,743 |
Less: current lease liabilities | 8,598 |  |  | 3,660 |
Total non-current lease liabilities | $ | 14,805 |  |  | $ | 5,083 |
As of December 31, 2024, the Company has four subleases. One sublease has a non-cancelable term of less than one year. The remaining three subleases are non-cancelable and have remaining lease terms of one year to three years. None of these subleases contain any options to renew or terminate the sublease agreement. Future expected cash receipts from these subleases as of December 31, 2024 were as follows:
(In thousands) | Sublease Receipts
2025 | $ | 2,018 |
2026 | 2,155 |
2027 | 1,145 |
2028 and thereafter | — |
Total expected sublease receipts | $ | 5,318 |

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