v3.26.1
Borrowing (Tables)
6 Months Ended
Jun. 30, 2026
Subordinated Borrowings [Abstract]  
Schedule of Long-Term Carrying Amount of the Notes

The following table presents the carrying amount of the Notes as of June 30, 2026.

 

June 30, 2026

 

 

(in thousands)

 

Principal

 

$

250,000

 

Unamortized underwriter discounts and issuance costs

 

 

(7,376

)

Net carrying amount

 

$

242,624

 

 

 

 

 

Schedule of Liability Related to Finance Agreement

The following table shows the activity within the liability related to the Financing Agreement for the six months ended June 30, 2026:

 

Liabilities Related to Financing Agreement

 

 

(in thousands)

 

Carrying value of liability related to Financing Agreement at December 31, 2025

 

$

155,404

 

Payments on Financing Agreement

 

 

(1,882

)

Non-cash interest expense

 

 

10,176

 

Amortization of issuance costs

 

 

423

 

Carrying value of liability related to Financing Agreement at June 30, 2026

 

$

164,121