v3.26.1
DEBT (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Future Minimum Payments Under Loan Agreement
The following table presents future minimum payments, including interest and the end of term charge, under the Loan Agreement as of June 30, 2026 (in thousands):
2026$9,016 
202711,966 
202811,999 
2029134,999 
Thereafter— 
Total$167,980 
Less: amount representing interest(42,980)
Less: unamortized debt discount and issuance costs(4,869)
Noncurrent portion of debt$120,131 
Schedule of Activity Within Liability Related to Sale of Future Royalties
The following table shows the activity within the liability related to sale of future royalties during the six months ended June 30, 2026:
(in thousands)Liability Related to Sale of Future Royalties
Carrying value of liability related to sale of future royalties at December 31, 2025$129,582 
Interest expense recognized3,912 
Royalty payments(3,721)
Carrying value of liability related to sale of future royalties at March 31, 2026$129,773 
Interest expense recognized3,864 
Royalty payments(4,012)
Carrying value of liability related to sale of future royalties at June 30, 2026$129,625