Leases (Tables)

12 Months Ended

Dec. 31, 2025

The components of lease expense are as follows (in thousands):



	For the Years Ended December 31,
	2025		2024
Operating lease cost	1,629		1,716
Variable lease cost	385		446
Short-term lease cost	138		203
	$	2,152	$	2,365

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows related to operating leases	$	2,036	$	2,266

Additional information related to the Company’s leases is as follows:


	December 31, 2025		December 31, 2024
Weighted average remaining lease term (in years)
Operating leases	2.2		3.2


Weighted average discount rate
Operating leases	8	%	8	%

Future undiscounted lease payments for the Company’s lease liabilities as of December 31, 2025 are as follows (in thousands):


	Operating leases
2026	$	2,098
2027	2,101
2028	672



Total future lease payments	4,871
Less: Imputed interest	(442)

Present value of lease liabilities	$	4,429

Future undiscounted lease payments for the Company’s lease liabilities as of December 31, 2025 are as follows (in thousands):


	Operating leases
2026	$	2,098
2027	2,101
2028	672



Total future lease payments	4,871
Less: Imputed interest	(442)

Present value of lease liabilities	$	4,429

Absci Corp 10-K