Quarterly report [Sections 13 or 15(d)]

Leases (Tables)

v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Components of Lease Expense

The following table provides the required information regarding the Company’s leases for which the Company is the lessee (dollars in thousands):

 

 

March 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Assets

 

 

 

 

 

 

ROU assets

 

$

9,740

 

 

$

10,798

 

Liabilities

 

 

 

 

 

 

Current

 

$

3,932

 

 

$

4,642

 

Non-current

 

 

7,834

 

 

 

8,755

 

   Total lease liabilities

 

$

11,766

 

 

$

13,397

 

Weighted-average remaining lease term (years)

 

 

4.3

 

 

 

4.5

 

Weighted-average discount rate

 

 

11

%

 

 

10

%

Schedule of Maturity of Operating Leases

As of March 31, 2026, the maturity of operating lease liabilities are as follows (in thousands):

Year ending December 31,

 

 

 

Remainder of 2026

 

$

3,711

 

2027

 

 

3,061

 

2028

 

 

2,567

 

2029

 

 

2,309

 

2030

 

 

2,108

 

Thereafter

 

 

1,004

 

Total lease payments

 

 

14,760

 

Less: Interest on lease payments

 

 

(2,994

)

Present value of lease liabilities

 

$

11,766