Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Lease Cost
The Company's operating lease cost was as follows for the years ended December 31, (in thousands):
2025 2024 2023
Operating lease cost (a)
$ 8,169  $ 6,627  $ 3,781 
(a) Excludes short-term lease expense, which is not material.
Schedule of Future Minimum Annual Non-cancelable Commitments - Leases
The table below summarizes future minimum lease payments under operating leases as of December 31, 2025 (in thousands):
Year ending December 31,
2026 $ 9,229 
2027 10,173 
2028 8,676 
2029 6,830 
2030 5,609 
Thereafter 25,109 
   Total future minimum lease payments
 65,626 
Less: imputed interest (15,627)
      Present value of minimum lease payments
 49,999 
Less: current portion of lease liabilities (a)
(6,306)
Long-term lease liabilities $ 43,693 
(a) The current portion of lease liabilities are presented within accrued expenses and other current liabilities on the Company's consolidated balance sheets. Refer to Note (9) "Accrued Expenses and Other Current Liabilities."
Schedule of Supplemental Lease Information
Other supplemental operating lease information for the year ended December 31, was as follows (in thousands):
2025 2024 2023
Cash paid for amounts included in the measurement of operating lease liabilities $ 7,608  $ 7,171  $ 2,719 
Right-of-use assets obtained in exchange for new operating lease liabilities $ 9,484  $ 30,314  $ 11,812