v3.25.4
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule Assets and Liabilities Measured on Recurring Basis
The Company measures and reports certain financial instruments as assets and liabilities at fair value on a recurring basis. The fair value of these instruments was as follows:
As of December 31, 2025
Fair ValueLevel 1Level 2Level 3
Liabilities
Contingent royalty obligation payable to Evolus Founders$32,182 $— $— $32,182 
As of December 31, 2024
Fair ValueLevel 1Level 2Level 3
Liabilities
Contingent royalty obligation payable to Evolus Founders$44,765 $— $— $44,765 
Schedule of Reconciliation of Fair Value Measurement for Contingent Royalty Obligation Payable
The following table provides a reconciliation of the beginning and ending fair value measurement of the contingent royalty obligation payable, which used significant unobservable inputs (Level 3):
Year Ended December 31,
202520242023
Fair value, beginning of period$44,765 $45,030 $46,310 
Payments(6,202)(7,441)(5,537)
Change in fair value recorded in operating expenses(6,381)7,176 4,257 
Fair value, end of period$32,182 $44,765 $45,030