v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Instruments
The Company measures and reports certain financial instruments as assets and liabilities at fair value on a recurring basis. The fair value of these instruments was as follows:
As of June 30, 2026
Fair ValueLevel 1Level 2Level 3
Liabilities
Contingent royalty obligation payable to Evolus Founders$29,035 $— $— $29,035 
As of December 31, 2025
Fair ValueLevel 1Level 2Level 3
Liabilities
Contingent royalty obligation payable to Evolus Founders$32,182 $— $— $32,182 
Schedule of Contingent Royalty Obligation
The following table provides a reconciliation of the beginning and ending fair value measurement of the contingent royalty obligation payable, which used significant unobservable inputs (Level 3):
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Fair value, beginning of period$30,275 $44,551 $32,182 $44,765 
Payments(2,490)(2,051)(4,383)(4,416)
Change in fair value recorded in operating expenses1,250 (3,914)1,236 (1,763)
Fair value, end of period$29,035 $38,586 $29,035 $38,586