v3.26.1
Debt (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Summary of Outstanding Debt

Outstanding debt consisted of the following:

 

 

December 31, 2025

 

 

 

(in thousands)

 

Gross proceeds

 

$

60,000

 

Conversion of term loan principal to common stock

 

 

(3,950

)

Unamortized debt issuance costs

 

 

(1,854

)

Accreted final payment fee

 

 

336

 

Total debt, long-term

 

$

54,532

 

Summary of Components of Interest Expense

The following table provides the components of interest expense (in thousands):

 

 

Year Ended
December 31, 2025

 

 

 

(in thousands)

 

Cash interest expense

 

$

2,010

 

Write-off of deferred debt issuance costs

 

447

 

Accretion of final payment fee

 

336

 

Amortization of deferred debt issuance costs

 

270

 

Amortization of debt issuance costs

 

156

 

Total interest expense related to debt

 

$

3,219

 

Summary of Future Principal Payments

Future principal payments, which include the final payment fee of $4.2 million, in connection with the Loan Agreement as of December 31, 2025 are as follows:

 

 

December 31, 2025

 

 

 

(in thousands)

 

Year ended December 31, 2026

 

$

 

Year ended December 31, 2027

 

 

 

Year ended December 31, 2028

 

 

31,931

 

Year ended December 31, 2029

 

 

28,289

 

Total principal payments including final fee

 

$

60,220