v3.26.1
Other income (expense)
6 Months Ended
Jun. 30, 2026
Other Income and Expenses [Abstract]  
Other income (expense) Other income (expense)
Interest Expense
The components of interest expense for the three and six months ended June 30, 2026 and 2025 are as follows:

Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands)2026202520262025
Deferred royalty obligation interest expense$9,125 $8,723 $17,852 $17,168 
Effective interest expense on senior secured term loan facility4,383 4,274 8,005 8,059 
Interest expense$13,508 $12,997 $25,857 $25,227 

Other, net

The components of Other, net for the three and six months ended June 30, 2026 and 2025 are as follows:

Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands)2026202520262025
HCR warrant obligation, change in fair value income$14,367 $— $16,594 $— 
Cumulative catch-up adjustment, deferred royalty obligation6,329 184 6,401 196 
Exchange differences gain (loss)(120)(847)213 (937)
R&D tax credit(38)481 (38)762 
Other, net$20,538 $(182)$23,170 $21