v3.26.1
Loan and Security Agreement (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt and Unamortized Debt Discount Balances

Long-term debt and unamortized debt discount balances are as follows:

 

 

June 30,
2026

 

 

December 31,
2025

 

Total outstanding debt, long-term

 

$

120,000

 

 

$

120,000

 

Less: unamortized debt discount, long-term

 

 

(2,042

)

 

 

(2,254

)

Loan payable, long-term

 

$

117,958

 

 

$

117,746

 
Schedule of Interest Expense and Amortization of Final Payment Fee, and Amortization of Debt Discount Related to Issuance Costs and Warrants

Interest expense, amortization of the final payment fee, and amortization of the debt discount related to the issuance costs and warrants for the Company’s debt are as follows:

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Interest expense

 

$

2,736

 

 

$

3,639

 

 

$

5,504

 

 

$

8,117

 

Amortization of final payment fee

 

 

—

 

 

 

134

 

 

 

—

 

 

 

527

 

Amortization of debt discount related issuance costs and warrants

 

 

164

 

 

 

183

 

 

 

323

 

 

 

457

 
Schedule of Principal Payments

Scheduled principal payments on outstanding debt, long-term, as of June 30, 2026, are as follows:

2026

 

$

—

 

2027

 

 

—

 

2028

 

 

—

 

2029

 

 

—

 

2030

 

 

120,000

 

Thereafter

 

 

—

 

Total principal payments outstanding

 

$

120,000