Total revenue interest financing liability consists of the following (in thousands):
|
|
|
|
|
Liability balance as of January 1, 2025 |
|
$ |
353,038 |
|
Proceeds from the Revenue Interest Financing Agreement |
|
|
— |
|
Less: transaction costs |
|
|
— |
|
Less: royalty payments and payables |
|
|
(14,719 |
) |
Plus: interest expense |
|
|
39,052 |
|
Ending liability balance as of December 31, 2025 |
|
|
377,371 |
|
Less: current portion |
|
|
(27,249 |
) |
Long-term liability balance as of December 31, 2025 |
|
$ |
350,122 |
|
|
|
|
|
Liability balance as of January 1, 2026 |
|
$ |
377,371 |
|
Proceeds from the Revenue Interest Financing Agreement |
|
|
— |
|
Less: transaction costs |
|
|
— |
|
Less: royalty payments and payables |
|
|
(19,016 |
) |
Plus: interest expense |
|
|
29,138 |
|
Ending liability balance as of September 30, 2026 |
|
|
387,493 |
|
Less: current portion |
|
|
(40,520 |
) |
Long-term liability balance as of September 30, 2026 |
|
$ |
346,973 |
|
|