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

LEASES

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LEASES
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
LEASES
NOTE 13—LEASES
The Company's operating leases primarily consist of real estate leases such as offices. Our leases have remaining terms of approximately less than one year to three years. During the years ended December 31, 2025 and December 31, 2024, operating lease expense was $4.2 million and $4.6 million, respectively. We do not have any finance leases. Our total variable and short-term lease payments were immaterial for all periods presented. As of December 31, 2025, we did not have material additional operating leases that have not yet commenced.
On June 30, 2024, the Company renewed its lease of office space located in Tel Aviv, Israel. The original lease term was set to expire on December 31, 2024. The renewed lease term extends for an additional three years through December 31, 2027. As a result of the lease renewal, the Company recognized an additional right-of-use asset and lease liability of $3.4 million.
Supplemental balance sheet information related to operating leases are as follows:

December 31, 2025 December 31, 2024
Operating lease right-of-use assets, net $ 7,533 $ 9,703
Operating lease liabilities, current 3,656 3,405
Operating lease liabilities, noncurrent 4,070 6,659
Operating lease liabilities, total $ 7,726 $ 10,064
Weighted average remaining lease term, years 2.1 2.9
Weighted average discount rate 6.3  % 6.1  %

Operating lease liability maturities:
Year ending December 31, Operating Leases
2026 $ 4,131 
2027 3,587 
2028 620 
Total undiscounted cash flows $ 8,338 
Less: imputed interest $ (612)
Lease liabilities, total $ 7,726