Three months ended June 30,
Six months ended June 30,
2025
2024
(in millions)
Interest expenses at effective interest rate of 12.0% per annum
$
13.7
12.4
26.9
24.5
Interest recorded in the statement of operations and comprehensive loss and income
13.8
27.1
24.8
Interest expenses at effective interest rate of 13.5% per annum
15.5
14.0
30.3
27.7
Amount of liability
(in thousands)
Balance as of December 31, 2024 (includes $5.0 million presented as "Accrued expenses and other current liabilities)
439,881
Royalty payments to the Purchaser
(6,453)
Interest expense for the period
27,079
Balance as of June 30, 2025 (includes $5.2 million presented as "Accrued expenses and other current liabilities)
460,507
No definition available.
Tabular disclosure for movement in the liability related to royalty financing agreement
Tabular disclosure of interest expenses under royalty financing.