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Debt (Tables) | 6 Months Ended
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Jun. 30, 2026
Debt Disclosure [Abstract] |
Schedule of Carrying Value of Term Loan Balance | The following table presents the carrying value of the Company’s Term Loans balance as of June 30, 2026 and December 31, 2025 (in thousands):
|  | As of
|  | June 30, 2026 |  | December 31, 2025 |  |
Principal |  | $ | 500,000 |  |  | $ | 500,000 |  |  |
Paid-in-kind interest capitalized |  | 46,770 |  |  | 46,770 |  |  |
Debt discount, net |  | (3,257) |  |  | (5,806) |  |  |
Term Loans |  | $ | 543,513 |  |  | $ | 540,964 |  |  |
Schedule of Future Principal Repayments of Debt | As of June 30, 2026, future principal repayments of debt for each of the fiscal years through maturity were as follows (in thousands):
Year Ending December 31: |
2026 | $ | — |
2027 | — |
2028 | 341,731 |
2029 | 205,039 |
2030 and thereafter | — |
| $ | 546,770 |
Schedule of Interest Expense Related to Debt and Finance Leases | Interest expense for the three and six months ended June 30, 2026 and 2025 was as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Convertible debt contractual interest expense | $ | — |  |  | $ | 600 |  |  | $ | — |  |  | $ | 1,678 |
Term Loans contractual interest expense | 13,269 |  |  | 13,269 |  |  | 26,391 |  |  | 26,391 |
Royalty Financing Agreement interest expense | 5,129 |  |  | 5,192 |  |  | 10,243 |  |  | 10,215 |
Amortization of debt issuance costs | 1,429 |  |  | 1,676 |  |  | 2,811 |  |  | 3,498 |
Total debt interest expense | 19,827 |  |  | 20,737 |  |  | 39,445 |  |  | 41,782 |
Finance lease interest expense | 446 |  |  | 508 |  |  | 910 |  |  | 1,032 |
Total interest expense | $ | 20,273 |  |  | $ | 21,245 |  |  | $ | 40,355 |  |  | $ | 42,814 |

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