Borrowing (Tables)

3 Months Ended

Mar. 31, 2026

Subordinated Borrowings [Abstract]

Schedule of Future Minimum Payments

The following table presents future minimum payments, including interest and the end of term charge, under the Loan Agreement as of March 31, 2026:


		March 31, 2026
		(In thousands)
2026 (remaining 9 months)		$	3,819
2027			5,069
2028			5,083
2029			5,069
2030			54,042
Total			73,082
Less: imputed interest			(22,832	)
Less: unamortized debt discount and issuance costs			(2,923	)
Total loan agreement		$	47,327

Schedule of Liability Related to Finance Agreement

The following table shows the activity within the liability related to the Financing Agreement for the three months ended March 31, 2026:


		Liabilities Related to Financing Agreement
		(in thousands)
Carrying value of liability related to Financing Agreement at December 31, 2025		$	155,404
Payments on Financing Agreement			(864	)
Non-cash interest expense			5,079
Amortization of issuance costs			211
Carrying value of liability related to Financing Agreement at March 31, 2026		$	159,830