v3.26.1
Debt (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Debt

Debt at June 30, 2026, consisted of the following (in thousands):

 

 

Principal

 

 

Unamortized Discount

 

 

Net Carrying
Value

 

Term Loan

 

$

35,000

 

 

$

(172

)

 

$

34,828

 

Revolving Loan

 

 

30,088

 

 

 

 

 

 

30,088

 

Total debt

 

 

65,088

 

 

(172

)

 

64,916

 

Less: current portion

 

 

30,088

 

 

 

 

 

 

30,088

 

Non-current portion

 

$

35,000

 

 

$

(172

)

 

$

34,828

 

 

 

 

 

 

 

 

 

 

 

Debt at December 31, 2025, consisted of the following (in thousands):

 

 

Principal

 

 

Unamortized Discount

 

 

Net Carrying
Value

 

Term Loan

 

$

65,000

 

 

$

(80

)

 

$

64,920

 

Revolving Loan

 

 

18,968

 

 

 

 

 

 

18,968

 

Total debt

 

 

83,968

 

 

 

(80

)

 

 

83,888

 

Less: current portion

 

 

43,343

 

 

 

 

 

 

43,343

 

Non-current portion

 

$

40,625

 

 

$

(80

)

 

$

40,545

 

 

 

 

 

 

 

 

 

 

 

Expected Principal, Interest and Fee Payments on Term Loan Credit Agreement

Principal, interest and fee payments on the Term Loan Credit Agreement (as defined below) at June 30, 2026, are expected to be as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

Year ending December 31,

 

Principal

 

 

Interest and Fees

 

 

Total

 

2026

 

$

 

 

$

1,667

 

 

$

1,667

 

2027

 

 

 

 

 

3,325

 

 

 

3,325

 

2028

 

 

 

 

 

3,334

 

 

 

3,334

 

2029

 

 

 

 

 

3,325

 

 

 

3,325

 

2030

 

 

20,417

 

 

 

2,839

 

 

 

23,256

 

2031

 

 

14,583

 

 

 

1,047

 

 

 

15,630

 

Total

 

$

35,000

 

 

$

15,537

 

 

$

50,537