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Cumulative Allowance and the Provision for Changes in Expected Cash Flows from Financial Royalty Assets (Tables) | 3 Months Ended
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Mar. 31, 2026
Credit Loss [Abstract] |
Schedule of Cumulative Allowance for Changes in Expected Cash Flows | The following table sets forth the activity in the cumulative allowance for changes in expected cash flows from financial royalty assets, inclusive of the cumulative allowance for credit losses (in thousands):
| Activity for the Period
Balance at December 31, 2025(1) | $ | (3,397,481) |
Increases to the cumulative allowance for changes in expected cash flows from financial royalty assets | (96,221) |
Decreases to the cumulative allowance for changes in expected cash flows from financial royalty assets | 286,656 |
Write-off of cumulative allowance(2) | 478,777 |
Current period provision for credit losses, net | 7,050 |
Balance at March 31, 2026 | $ | (2,721,219) |
(1)Includes $212.0 million related to cumulative allowance for credit losses. (2)Primarily relates to amounts removed from the cumulative allowance due to changes in expected cash flows associated with Tazverik as a result of the gross write-off of the related $548.3 million financial royalty asset.

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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- References No definition available. + Details
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