v3.25.4
Financial Royalty Assets - Summary of Financial Royalty Assets, Net (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Gross Carrying Value $ 20,460,349 $ 19,700,209
Cumulative Allowance for Changes in Expected Cash Flows (Note 9) (3,185,522) (3,551,159)
Net Carrying Value 17,274,827 16,149,050
Less: Cumulative allowance for credit losses (Note 9) (211,959) (238,122)
Total current and non-current financial royalty assets, net 17,062,868 15,910,928
Cystic fibrosis franchise    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Gross Carrying Value 4,901,121 5,126,521
Cumulative Allowance for Changes in Expected Cash Flows (Note 9) 0 (259,353)
Net Carrying Value 4,901,121 4,867,168
Evrysdi    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Gross Carrying Value 2,331,262 2,085,851
Cumulative Allowance for Changes in Expected Cash Flows (Note 9) (494,123) (378,565)
Net Carrying Value 1,837,139 1,707,286
Voranigo    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Gross Carrying Value 982,802 946,588
Cumulative Allowance for Changes in Expected Cash Flows (Note 9) 0 0
Net Carrying Value 982,802 946,588
Trelegy    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Gross Carrying Value 993,629 1,121,980
Cumulative Allowance for Changes in Expected Cash Flows (Note 9) (17,356) (66,647)
Net Carrying Value 976,273 1,055,333
Imdelltra    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Gross Carrying Value 924,239  
Cumulative Allowance for Changes in Expected Cash Flows (Note 9) 0  
Net Carrying Value 924,239  
Tremfya    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Gross Carrying Value 909,607 935,069
Cumulative Allowance for Changes in Expected Cash Flows (Note 9) 0 (77,895)
Net Carrying Value 909,607 857,174
Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Gross Carrying Value 9,417,689 8,164,902
Cumulative Allowance for Changes in Expected Cash Flows (Note 9) (2,674,043) (2,492,565)
Net Carrying Value $ 6,743,646 5,672,337
Tysabri    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Gross Carrying Value   1,319,298
Cumulative Allowance for Changes in Expected Cash Flows (Note 9)   (276,134)
Net Carrying Value   $ 1,043,164