XML 35 R17.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases
 12 Months Ended
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)202420232022
Finance lease cost
Amortization of right-of-use assets$3,651 $1,929 $2,364 
Interest on lease liabilities712 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 cost73 86 150 
Variable lease cost987 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)202420232022
Amortization of right-of-use assets
Cost of revenues$3,411 $574 $1,747 
Selling and marketing98 629 263 
Research and development90 470 216 
General and administrative52 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 marketing2,192 2,738 3,391 
Research and development1,787 2,044 2,382 
General and administrative1,039 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 LeasesFinance Leases
2025$10,594 $4,245 
202610,014 3,885 
20275,821 1,559 
2028183 — 
202991 — 
Total lease payments26,703 9,689 
Less: imputed interest3,300 946 
Total lease liabilities23,403 8,743 
Less: current lease liabilities8,598 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 
20262,155 
20271,145 
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)202420232022
Finance lease cost
Amortization of right-of-use assets$3,651 $1,929 $2,364 
Interest on lease liabilities712 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 cost73 86 150 
Variable lease cost987 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)202420232022
Amortization of right-of-use assets
Cost of revenues$3,411 $574 $1,747 
Selling and marketing98 629 263 
Research and development90 470 216 
General and administrative52 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 marketing2,192 2,738 3,391 
Research and development1,787 2,044 2,382 
General and administrative1,039 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 LeasesFinance Leases
2025$10,594 $4,245 
202610,014 3,885 
20275,821 1,559 
2028183 — 
202991 — 
Total lease payments26,703 9,689 
Less: imputed interest3,300 946 
Total lease liabilities23,403 8,743 
Less: current lease liabilities8,598 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 
20262,155 
20271,145 
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)202420232022
Finance lease cost
Amortization of right-of-use assets$3,651 $1,929 $2,364 
Interest on lease liabilities712 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 cost73 86 150 
Variable lease cost987 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)202420232022
Amortization of right-of-use assets
Cost of revenues$3,411 $574 $1,747 
Selling and marketing98 629 263 
Research and development90 470 216 
General and administrative52 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 marketing2,192 2,738 3,391 
Research and development1,787 2,044 2,382 
General and administrative1,039 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 LeasesFinance Leases
2025$10,594 $4,245 
202610,014 3,885 
20275,821 1,559 
2028183 — 
202991 — 
Total lease payments26,703 9,689 
Less: imputed interest3,300 946 
Total lease liabilities23,403 8,743 
Less: current lease liabilities8,598 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 
20262,155 
20271,145 
2028 and thereafter
— 
Total expected sublease receipts$5,318