The following table summarizes loans payable, net (in thousands): | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Revolving credit facility: | | | | | Principal outstanding | $ | 40,000 | | | $ | — | | | Unamortized debt issuance costs | (764) | | | — | | | Revolving credit facility, net | $ | 39,236 | | | $ | — | | | Term loan facility: | | | | | Principal outstanding | $ | — | | | $ | 52,500 | | | Unamortized debt issuance costs | — | | | (206) | | | Principal outstanding, net | $ | — | | | $ | 52,294 | | | Reported as: | | | | | Loans payable, net, current | $ | 39,236 | | | $ | 29,812 | | | Loans payable, net, non-current | — | | | 22,482 | | | $ | 39,236 | | | $ | 52,294 | |
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