v3.26.3
Life Science Investments (Tables)
 9 Months Ended
Sep. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Carrying Value of Investments
The following table details the carrying value of our life science investments, (in thousands):
September 30, 2026December 31, 2025
IQHQ Preferred Stock$187,412 $47,430 
PIK dividend on IQHQ Preferred Stock4,397 444 
IQHQ Warrants17,949 5,321 
Forward contract for the purchase of IQHQ Preferred Stock— 2,562 
IQHQ Credit Facility97,468 96,493 
IQHQ Alewife Mezzanine Loan108,677 — 
PIK interest on IQHQ Credit Facility1,513 415 
Total$417,416 $152,665 
Schedule of Interest and Dividend Income
The following table details the interest and dividend income included within interest and other income on the consolidated statement of income related to our life science investments, (in thousands):
For the Three Months EndedFor the Nine Months Ended
September 30, 2026September 30, 2025September 30, 2026September 30, 2025
IQHQ Preferred Stock
Cash dividend$4,306 $— $7,906 $— 
PIK dividend2,153 — 3,953 — 
IQHQ Credit Facility
Cash interest3,059 — 9,043 — 
PIK interest382 — 1,130 — 
Non-cash interest316 — 941 — 
IQHQ Alewife Mezzanine Loan
Cash interest150 — 150 — 
Non-cash interest7 — 7 — 
Total interest and dividend income on life science investments$10,373 $— $23,130 $—