Leases

12 Months Ended

Dec. 31, 2025

15. Leases

Our lease portfolio consists primarily of real estate facilities for manufacturing, distribution, warehousing and office use purposes under operating leases.

The components of lease expenses were as follows (in thousands):


	Years Ended December 31,
	2025		2024		2023

Operating lease expense	$	17,499	$	15,607	$	12,887
Variable lease expense		8,898		6,642		7,540
Total lease expense	$	26,397	$	22,249	$	20,427

Supplemental cash flow information related to operating leases was as follows (in thousands):


	Years Ended December 31,
	2025		2024		2023

Cash paid for amounts included in the measurement of operating lease liabilities	$	17,802	$	16,415	$	13,433
Right-of-use assets recognized in exchange for operating lease obligations		17,643		29,162		1,604

As of December 31, 2025, our operating leases had a weighted average remaining lease term of 7.2 years and a weighted average discount rate of 5.8%. As of December 31, 2024, our operating leases had a weighted average remaining lease term of 6.4 years and a weighted average discount rate of 5.0%.

The following table summarizes the maturity of operating lease liabilities as of December 31, 2025 (in thousands):


	Amounts

2026	$	17,283
2027		12,459
2028		9,803
2029		8,030
2030		7,504
Thereafter		31,416
Total future lease payments		86,495
Less: Imputed interest		(17,310	)
Present value of operating lease liabilities	$	69,185

Corsair Gaming, Inc. 10-K