Aurinia Pharmaceuticals AUPH Rockville, Maryland — Lease termination fee
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Where this comes from
Reported directly by Aurinia Pharmaceuticals in its filing.
Tagged under the XBRL concept auph:OperatingLeaseTerminationFee.
The source filing: Aurinia Pharmaceuticals’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 8:16 AM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001600620-26-000062
In March 2020, the Company entered into a lease agreement for 30,531 square feet of office space in Rockville, Maryland (the “Rockville Lease”). The Rockville Lease commenced on March 12, 2020 and expires on August 31, 2031. Pursuant to the Rockville Lease, the Company has an option to either terminate the lease early on August 31, 2028, subject to an early termination fee of $1.4 million, or extend the lease for two 5-year periods at the end of the initial 11-year term. The Company has determined that it is reasonably certain that it will exercise the early termination option, which will result in a reduction of approximately $2.3 million of future lease payments net of the early termination fee. Nevertheless, the Company is exploring sublease options for potential savings in excess of the early termination option. The Rockville Lease requires the Company to pay certain taxes, insurance and operating costs relating to the leased premises (“Lease Operating Costs”); however, such costs are not material to the Company’s financial position.
Item 1. Financial Statements.
FAQ
- What is Aurinia Pharmaceuticals's rockville, maryland — lease termination fee?
- Aurinia Pharmaceuticals (AUPH) reported rockville, maryland — lease termination fee of $1.4M in Q2 2026.
- What does rockville, maryland — lease termination fee mean?
- This represents the financial penalty or cost incurred by the company for the early termination of a lease agreement at the Rockville, Maryland site. Monitoring this figure provides insight into potential exit costs and the flexibility of the company's real estate commitments.
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