v3.26.1
Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Summary of Long Term Debt
Long-term debt consisted of the following:
(in thousands)June 30,
2026
December 31,
2025
Principal amount of long-term debt$75,000 $75,000 
Debt discount, net of accretion(283)(412)
Cumulative accrual of end of term payments2,042 1,703 
Long-term debt$76,759 $76,291 
Interest Income and Interest Expense Disclosure
The Company recognized interest expense under the Hercules Loan Agreement as follows:
(in thousands)Three Months Ended June 30,
Six Months Ended June 30,
2026202520262025
Total interest expense$2,163 $2,232 $4,296 $4,433 
Non-cash interest expense$239 $212 $469 $416