v3.25.1
DEVELOPMENT DERIVATIVE LIABILITY (Tables)
3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary Development Derivative Liability Activity
The following table presents the activity with respect to the development derivative liability, in thousands:
Carrying value as of December 31, 2024
$486,919 
Change in fair value
58,891 
Payments
(5,281)
Carrying value as of March 31, 2025
$540,529