DEBT (Tables)

6 Months Ended

Jun. 30, 2026

As of June 30, 2026, the Company’s outstanding debt balance under the Amended 2025 Loan Agreement consisted of the following (in thousands):


	AS OF
	JUNE 30, 2026
Term A	$	109,000
Term B	81,750
Less: debt discount	(14,465)
Long-term debt, including debt discount and final payment fee	$	176,285

Schedule of Maturities of Long-Term Debt

The Company’s interest-only period will continue through February 2028, with principal payments beginning in March 2028. Future principal payments and final fee payments will be made as follows (in thousands):


	AS OF
	JUNE 30, 2026
2028 (10 months)	$	76,087
2029	91,304
2030	23,359
Total future minimum payments	190,750
Less: unamortized debt discount	(14,465)
Total debt	$	176,285

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details