Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2026

Commitments And Contingencies Disclosure [Abstract]

Schedule Of Royalty Liability Account Roll Forward

The following table shows the activity within the Royalty Liability account as well as the effective interest rate (dollars in thousands):


	Amount
Balance, January 1, 2026	$	151,283
Amortization of deferred transaction costs		171
Non-cash interest expense on liability for sale of future royalties		3,403
Royalty revenue earned by or payable to Sagard		(10,258	)
Balance, September 30, 2026	$	144,599

Effective interest rate		1.2	%

Schedule of Lease Term and Discount Rate

Lease information was as follows (dollars in thousands):


	September 30, 2026			December 31, 2025
Operating lease right-of-use assets(1)	$	10,399		$	11,822

Operating lease liability-current(2)		2,104			2,110
Operating lease liability-long-term		9,177			10,689
Total		11,281		$	12,799

Weighted average remaining lease term (in years)		5.9			6.4
Weighted average discount rate		7.6	%		7.6	%

(1)

Operating right-of-use assets related to offices and the manufacturing facility for V-Go are included in other assets in the condensed consolidated balance sheets.

(2)

Operating lease liability – current is included in accrued expenses and other current liabilities in the condensed consolidated balance sheets.

Summary of Lease Information


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Interest expense	$	2,383	$	2,403	$	7,087	$	7,144
Amortization of debt issuance costs		51		53		154		155
Interest expense on financing liability	$	2,434	$	2,456	$	7,241	$	7,299

Three Months
Ended September 30,

Nine Months
Ended September 30,

2026

2025

2026

2025

Operating lease costs

696

674

2,185

2,132

Variable lease costs

140

199

396

631

Cash paid

836

873

2,581

2,764

Summary of Remaining Financing Liability Payments

The Company's remaining financing liability payments were as follows (in thousands):


	September 30, 2026
2026 (Remaining)	$	2,668
2027		10,849
2028		11,174
2029		11,510
2030		11,855
Thereafter		153,913
Total		201,969
Interest payments		(97,068	)
Debt issuance costs		(2,105	)
Total financing liability	$	102,796

Remaining Purchase Commitments and Estimated Capacity Fee Liability Requirements

The Company's remaining purchase commitments and estimated capacity fee liability as of September 30, 2026 were as follows (€ in millions):


	September 30, 2026
	Remaining Purchase Commitments (€ in millions)		Estimated Capacity Fees(1) (€ in millions)
2026 (Remaining)(1)		—		0.8
2027		—		3.0
2028		4.1		2.0
2029		6.0		1.0
2030		5.8		1.0
2031		5.8		1.0
2032		5.8		1.0
2033		7.8		0.5
2034		7.8		0.5
2035		7.8		0.5
2036		4.3		0.5
Total		55.2		11.8

(1)

During the three and nine months ended September 30, 2026, the Company incurred a capacity fee of €0.8 million, or $0.9 million, and €2.3 million, or $2.6 million, respectively, which was recognized as cost of goods sold for commercial sales in our condensed consolidated statement of operations.

Schedule of Future Minimum Office Lease Payments

The Company's future minimum office lease payments were as follows (in thousands):


	September 30, 2026
2026	$	693
2027		2,834
2028		2,455
2029		1,735
2030		1,528
Thereafter		4,707
Total		13,952
Less: imputed interest		(2,671	)
Total operating lease liability	$	11,281