v3.26.1
Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Summary of Long Term Debt
Long-term debt consisted of the following:
(in thousands)March 31,
2026
December 31,
2025
Principal amount of long-term debt$75,000 $75,000 
Debt discount, net of accretion(349)(412)
Cumulative accrual of end of term payments1,869 1,703 
Long-term debt$76,520 $76,291 
Interest Income and Interest Expense Disclosure
The Company recognized interest expense under the Hercules Loan Agreement as follows:
(in thousands)Three Months Ended March 31,
20262025
Total interest expense$2,133 $2,201 
Non-cash interest expense$230 $204