v3.26.1
Interest Expense, Net
 6 Months Ended
Jun. 30, 2026
Banking and Thrift, Interest [Abstract]  
Interest Expense, Net Interest Expense, Net
Interest expense, net consisted of the following (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Interest expense accrued on liabilities related to future royalties and milestones, net
$12,447 $10,681 $23,477 $20,819 
Cumulative catch-up adjustment arising from the liabilities related to future royalties and milestones, net
(15,171)(17,525)(15,171)(17,525)
Other interest expense
50 15 144 20 
Total interest expense$(2,674)$(6,829)$8,450 $3,314