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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Components of Lease Cost | The components of lease cost recorded in the Company’s consolidated financial statements were as follows (in thousands):
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Lease Cost: |  |  |  |  |  |
Operating lease cost |  | $ | 6,410 |  |  | $ | 1,966 |
Variable lease cost |  |  | 2,514 |  |  |  | 1,202 |
Total lease cost |  | $ | 8,924 |  |  | $ | 3,168 |
Summary of Weighted-Average Remaining Lease Term and Discount Rate Related to Operating Leases | The weighted-average remaining lease term and discount rate related to the Company’s operating leases were as follows:
|  | As of December 31, 2024 |
Weighted-average remaining lease term (in years) |  |  | 7.4 |
Weighted-average discount rate |  |  | 6.2 | %
|  | As of December 31, 2023 |
Weighted-average remaining lease term (in years) |  |  | 8.2 |
Weighted-average discount rate |  |  | 6.6 | %
Summary of Maturity of Operating Lease Liabilities | Maturity of the Company’s operating lease liabilities in accordance with ASC 842 as of December 31, 2024 were as follows (in thousands):
Year ending December 31, |  |  |
2025 |  | $ | 6,121 |
2026 |  |  | 6,494 |
2027 |  |  | 5,131 |
2028 |  |  | 4,507 |
2029 |  |  | 4,642 |
Thereafter |  |  | 16,010 |
Total maturities |  |  | 42,905 |
Less: Imputed interest |  |  | (8,525 | )
Present value of operating lease liability |  |  | 34,380 |
Less: Current portion of operating lease liability |  |  | (4,121 | )
Total operating lease liability, net of current portion |  | $ | 30,259 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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