Leases (Tables)

6 Months Ended

Jun. 30, 2025

Lease-related costs for the three and six months ended June 30, 2025 and 2024 are as follows (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Operating lease cost	$	864	$	864	$	1,728	$	1,728
Variable lease cost	439		392		823		828
Total lease cost	$	1,303	$	1,256	$	2,551	$	2,556

Future Minimum Lease Payments Under Non-Cancellable Leases

Future minimum lease payments under non-cancellable leases as of June 30, 2025 are as follows (dollars in thousands):


	Remaining Lease Payments
Remainder of 2025	$	2,272
2026	4,585
2027	4,549
2028	2,975
2029	2,806
Thereafter	7,247
Total remaining undiscounted lease payments	$	24,434
Less: Imputed interest	(4,188)
Less: Lease incentives(1)	(9,104)
Total lease liabilities	11,142
Less: current portion	(1,783)
Long-term operating lease liabilities	$	9,359
Weighted-average remaining lease term (in years)	5.1
Weighted-average discount rate	7.9		%

(1)Includes lease incentives estimated to be realized in 2026 and 2027 for the costs of leasehold improvements.

Supplemental Cash Flow Information Related to Operating Leases

The following table provides certain cash flow and supplemental cash flow information related to the Company’s lease liabilities for the six months ended June 30, 2025 and 2024 (in thousands):


	Six months ended June 30,
	2025		2024
Operating cash paid to settle operating lease liabilities	$	2,254	$	2,196

Quantum-Si Inc 10-Q