v3.26.3
Deferred Royalty Obligations, Net - Schedule of Deferred Royalty Obligations, Net (Details) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Deferred Royalty Obligations [Line Items]    
Carrying value of deferred royalty obligations, net $ 913,893 $ 891,388
Fair value of embedded derivative liability 14,341 21,439
Unamortized debt discount and issuance costs (44,181) (57,797)
Deferred royalty obligations, net [1] 884,053 855,030 [2]
Related Party    
Deferred Royalty Obligations [Line Items]    
Deferred royalty obligations, net 0 204,650
Funding Agreement    
Deferred Royalty Obligations [Line Items]    
Carrying value of deferred royalty obligations, net 605,351 581,759
Fair value of embedded derivative liability 14,341 21,439
Unamortized debt discount and issuance costs (42,072) (55,143)
Deferred royalty obligations, net 577,620 548,055
Royalty Purchase Agreement    
Deferred Royalty Obligations [Line Items]    
Carrying value of deferred royalty obligations, net 308,542 309,629
Fair value of embedded derivative liability 0 0
Unamortized debt discount and issuance costs (2,109) (2,654)
Deferred royalty obligations, net $ 306,433 306,975
Royalty Purchase Agreement | Related Party    
Deferred Royalty Obligations [Line Items]    
Carrying value of deferred royalty obligations, net   206,419
Unamortized debt discount and issuance costs   $ (1,769)
[1] Including related party amounts of nil and $204,650 as of September 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.