Leases (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Leases [Abstract] |
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| Schedule of Lease Information |
The following table summarizes total lease costs for the period:
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Year Ended |
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December 31, 2025 |
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December 31, 2024 |
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December 31, 2023 |
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| Finance lease cost: |
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| Amortization of ROU assets |
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$ |
576 |
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$ |
518 |
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$ |
434 |
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| Interest on lease liabilities |
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118 |
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122 |
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$ |
98 |
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| Operating lease costs |
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8,343 |
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4,637 |
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$ |
4,251 |
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| Variable lease costs |
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66 |
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48 |
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$ |
29 |
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| Short-term lease costs |
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638 |
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475 |
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$ |
230 |
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| Total lease costs |
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$ |
9,741 |
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$ |
5,800 |
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$ |
5,042 |
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The following table presents other supplemental information related to the Company’s leases:
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Year Ended |
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December 31, 2025 |
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December 31, 2024 |
December 31, 2023 |
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Operating Leases |
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Finance Leases |
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Operating Leases |
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Finance Leases |
Operating Leases |
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Finance Leases |
| Cash paid for lease liabilities |
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$ |
8,543 |
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$ |
690 |
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$ |
2,460 |
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$ |
601 |
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$ |
4,273 |
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$ |
492 |
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| ROU assets obtained in exchange for new lease liabilities |
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$ |
7,330 |
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$ |
774 |
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$ |
5,813 |
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$ |
457 |
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$ |
3,418 |
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$ |
1,167 |
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| Weighted average remaining lease term (in years) |
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5.4 |
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3.4 |
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4.0 |
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3.3 |
4.4 |
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3.8 |
| Weighted average discount rate |
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8.9 |
% |
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7.9 |
% |
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7.8 |
% |
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8.1 |
% |
6.3 |
% |
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8.4 |
% |
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| Schedule of Supplemental Balance Sheet Information |
The following table presents supplemental balance sheet information related to the Company’s operating and finance leases:
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December 31, 2025 |
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December 31, 2024 |
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Operating Leases |
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Finance Leases |
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Operating Leases |
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Finance Leases |
| Right-of-use assets, net reflected in the following balance sheet line items: |
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Property, plant and equipment, net |
$ |
— |
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$ |
1,786 |
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$ |
— |
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$ |
1,392 |
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| Right-of-use assets |
31,741 |
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— |
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15,277 |
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— |
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Total right-of-use assets |
$ |
31,741 |
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$ |
1,786 |
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$ |
15,277 |
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$ |
1,392 |
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| Current lease balance reflected in the following balance sheet line items: |
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| Short-term operating lease liabilities |
$ |
4,088 |
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$ |
— |
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$ |
4,354 |
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$ |
— |
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| Short-term finance lease liabilities |
— |
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595 |
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— |
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473 |
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Non-current lease balance reflected in the following balance sheet line items: |
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| Long-term operating lease liabilities |
30,471 |
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— |
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13,444 |
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— |
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| Long-term finance lease liabilities |
— |
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1,276 |
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— |
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980 |
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| Total lease liabilities |
$ |
34,559 |
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$ |
1,871 |
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$ |
17,798 |
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$ |
1,453 |
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| Schedule of Future Minimum Lease Payments |
As of December 31, 2025, the future annual minimum lease payments for lease liabilities are as follows:
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| Year |
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Operating Leases |
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Finance Leases |
| 2026 |
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$ |
7,052 |
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$ |
716 |
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| 2027 |
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8,120 |
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624 |
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| 2028 |
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6,419 |
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429 |
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| 2029 |
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5,265 |
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237 |
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| 2030 |
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5,478 |
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|
124 |
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Thereafter |
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16,872 |
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— |
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Total lease payments |
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49,206 |
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2,130 |
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| Less: imputed interest |
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14,647 |
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259 |
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Present value of lease liabilities |
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$ |
34,559 |
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$ |
1,871 |
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