Quarterly report [Sections 13 or 15(d)]

Commitments and Contingencies (Tables)

v3.26.3
Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Summary of Components of Lease Expenses

The components of lease expense for the three and nine months ended September 30, 2026 and 2025 were as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

Operating Lease Cost

 

$

1,721

 

 

$

1,621

 

 

$

5,036

 

 

$

4,726

 

 

Financing Lease Cost:

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of ROU assets

 

$

37

 

 

$

32

 

 

 

108

 

 

 

97

 

 

Interest on lease liabilities

 

 

5

 

 

 

3

 

 

 

16

 

 

 

9

 

 

Total

 

$

42

 

 

$

35

 

 

$

124

 

 

$

106

 

 

Summary of Future Minimum Lease Payments under Lease Agreements For Office Space

Future minimum lease payments under lease agreements for office space are as follows:

 

 

Future Minimum Lease
Commitments

 

Remainder of 2026

 

$

1,849

 

2027

 

 

7,417

 

2028

 

 

7,871

 

2029

 

 

5,346

 

2030

 

 

5,350

 

Thereafter

 

 

51,514

 

Total

 

$

79,347

 

Weighted-average remaining lease term – operating leases (months)

 

 

136.5

 

Weighted-average discount rate

 

 

6.4

%

 

 

 

 

 

Assets Relating to Finance Leases Included in Equipment

The assets relating to finance leases that are included in equipment as of September 30, 2026 and December 31, 2025 are as follows:

 

 

September 30,
2026

 

 

December 31,
2025

 

Finance lease assets included in furniture and equipment

 

$

793

 

 

$

748

 

Less: Accumulated depreciation and amortization

 

 

(512

)

 

 

(426

)

 

$

281

 

 

$

322

 

Summary of Future Minimum Lease Payments under Finance Leases

Future minimum lease payments under finance leases are as follows:

 

 

Future Minimum Lease
Commitments

 

Remainder of 2026

 

$

37

 

2027

 

 

113

 

2028

 

 

64

 

2029

 

 

46

 

2030

 

 

36

 

Thereafter

 

 

20

 

Total

 

$

316

 

Weighted-average remaining lease term – finance leases (months)

 

 

37.2

 

Weighted-average discount rate

 

 

6.8

%