v3.25.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Measurements  
Schedule of Financial Assets and Liabilities Measured on a Recurring Basis

Fair Value Measurements

March 31, 2025

(in thousands)

    

Level 1

    

Level 2

    

Level 3

    

Total

Financial Assets:

 

 

  

 

  

 

  

Cash equivalents

$

82,083

 

$

 

$

 

$

82,083

Financial Liabilities:

 

 

  

 

  

 

  

Revenue participation liability

$

$

$

29,575

$

29,575

Royalty Fee Derivative Liability

26,228

26,228

Contingent consideration

632

632

Total

$

$

$

56,435

$

56,435

Fair Value Measurements

December 31, 2024

(in thousands)

    

Level 1

    

Level 2

    

Level 3

    

Total

Financial Assets:

 

 

  

 

  

 

  

Cash equivalents

$

125,549

$

$

$

125,549

Financial Liabilities:

Revenue participation liability

$

$

$

28,743

$

28,743

Royalty Fee Derivative Liability

13,620

13,620

Contingent consideration

632

632

Total

$

$

$

42,995

$

42,995