v3.26.1
Royalty Obligation (Tables)
12 Months Ended
Dec. 31, 2025
Royalty Obligation  
Schedule of activity of the royalty obligation

The following table shows the activity for the royalty obligation during the year ended December 31, 2025 (in thousands):

  ​ ​ ​

Amount

Proceeds from royalty obligation

$

75,000

Issuance costs

(3,691)

Interest expense related to royalty obligation

7,327

Royalty obligation as of December 31, 2025

$

78,636

Effective interest rate

30.7%