v3.26.1
Debt (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Summary of Carrying Value of Debt

The following presents the carrying value of the Company’s debt as of the respective period ends:

 

 

June 30, 2026

 

 

December 31, 2025

 

2025 Senior Term Loan

 

$

70,313

 

 

$

74,063

 

2025 GPO Convertible Note

 

 

17,562

 

 

 

19,235

 

Convertible Debentures

 

 

21,822

 

 

 

26,663

 

Dragonfly Seller Convertible Notes

 

 

12,432

 

 

 

11,982

 

Total gross debt

 

 

122,129

 

 

 

131,943

 

Debt issuance costs

 

 

(2,882

)

 

 

(3,495

)

Total

 

 

119,247

 

 

 

128,448

 

Less: Current maturities

 

 

(106,815

)

 

 

(2,813

)

Total long-term debt

 

$

12,432

 

 

$

125,635

 

Summary of Estimated Fair Value of Debt

The following table summarizes the total estimated fair value of the Company's debt as of June 30, 2026 and December 31, 2025, respectively. These fair values are deemed Level 3 liabilities within the fair value measurement framework.

 

 

June 30, 2026

 

 

December 31, 2025

 

2025 Senior Term Loan

 

$

70,827

 

 

$

70,985

 

2025 GPO Convertible Note

 

 

17,562

 

 

 

19,235

 

Convertible Debentures

 

 

21,822

 

 

 

26,663

 

Dragonfly Seller Convertible Notes

 

 

12,432

 

 

 

11,982

 

Total

 

$

122,643

 

 

$

128,865