v3.26.1
Deferred Royalty Obligations, Net - Schedule of Deferred Royalty Obligations, Net (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Deferred Royalty Obligations [Line Items]    
Carrying value of deferred royalty obligations, net $ 912,536 $ 891,388
Fair value of embedded derivative liability 15,709 21,439
Unamortized debt discount and issuance costs (48,871) (57,797)
Deferred royalty obligations, net [1] 879,374 855,030 [2]
Related Party    
Deferred Royalty Obligations [Line Items]    
Deferred royalty obligations, net 206,208 204,650
Funding Agreement    
Deferred Royalty Obligations [Line Items]    
Carrying value of deferred royalty obligations, net 600,927 581,759
Fair value of embedded derivative liability 15,709 21,439
Unamortized debt discount and issuance costs (46,574) (55,143)
Deferred royalty obligations, net 570,062 548,055
Royalty Purchase Agreement    
Deferred Royalty Obligations [Line Items]    
Carrying value of deferred royalty obligations, net 311,609 309,629
Fair value of embedded derivative liability 0 0
Unamortized debt discount and issuance costs (2,297) (2,654)
Deferred royalty obligations, net 309,312 306,975
Royalty Purchase Agreement | Related Party    
Deferred Royalty Obligations [Line Items]    
Carrying value of deferred royalty obligations, net 207,739 206,419
Unamortized debt discount and issuance costs $ (1,531) $ (1,769)
[1] Including related party amounts of $206,208 and $204,650 as of June 30, 2026 and December 31, 2025, respectively (as described in Note 9).
[2] The condensed consolidated balance sheet as of December 31, 2025 is derived from the audited consolidated financial statements as of that date.