The Company leases office space, domestically and internationally, under operating leases. The Company’s leases have remaining lease terms generally between one year and seven years. Operating leases are included in operating lease right-of-use (“ROU”) assets, operating lease liabilities and long-term operating lease liabilities on the Company’s Unaudited Condensed Consolidated Balance Sheets. The Company does not have any finance leases.

The table below reconciles the undiscounted cash flows for the first five years and total of the remaining years to the operating lease liabilities recorded in the Unaudited Condensed Consolidated Balance Sheet as of March 31, 2026 (in thousands):


Years ending December 31,	Amount
2026 (remaining nine months)	$	5,601
2027		5,984
2028		4,866
2029		4,871
2030		4,232
Thereafter		687
Total minimum lease payments		26,241
Less: amount of lease payments representing interest		(2,837	)
Present value of future minimum lease payments		23,404
Less: current obligations under leases		(6,362	)
Long-term lease obligations	$	17,042

As of March 31, 2026, the weighted-average remaining lease term for the Company’s operating leases was 4.3 years and the weighted-average discount rate used to determine the present value of the Company’s operating leases was 7.5%.

Operating lease costs included in research and development and selling, general and administrative costs in the Unaudited Condensed Consolidated Statements of Income were $1.5 million for each of the three months ended March 31, 2026 and 2025.

Cash paid for amounts included in the measurement of operating lease liabilities was $1.8 million for each of the three months ended March 31, 2026 and 2025.