v3.26.1
Fair Value (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of Fair Value of Outstanding Borrowings

The table below presents the carrying and fair values of outstanding borrowings, which are classified as Level 2, as of the dates indicated (in thousands):

 

 

As of

 

 

June 30, 2026

 

 

December 31, 2025

 

 

 

Carrying Value

 

 

Fair Value

 

 

Carrying Value

 

 

Fair Value

 

Borrowings

 

$

46,817

 

 

$

47,760

 

 

$

47,451

 

 

$

47,532

 

 

Schedule of Changes in Warrant Liabilities

The following table presents the changes in warrant liabilities for the six months ended June 30, 2025 (in thousands):

Level 3 Rollforward

 

Warrant Liabilities

 

Balance - January 1, 2025

 

$

 

Changes in fair value, net

 

 

280

 

Reclassification of Tranche C Warrants to additional paid-in capital

 

 

(280

)

Balance - June 30, 2025

 

$