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Commitments and Contingencies (Tables) | 6 Months Ended
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Jun. 30, 2025
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, December 31, 2024 | $ | 149,645 |
Amortization of deferred transaction costs |  | 115 |
Non-cash interest expense on liability for sale of future royalties |  | 6,937 |
Royalty revenue earned by or payable to Sagard |  | (6,123 | )
Balance, June 30, 2025 | $ | 150,574 |
Effective interest rate |  | 8.8 | %
Schedule of Lease Term and Discount Rate | Financing liability information was as follows (dollars in thousands):
|  | June 30, 2025 |  |  | December 31, 2024 |
Weighted average remaining lease term (in years) |  |  | 16.3 |  |  |  | 16.8 |
Weighted average discount rate |  |  | 9.0 | % |  |  | 9.0 | %
Lease information was as follows (dollars in thousands):
|  | June 30, 2025 |  |  | December 31, 2024 |
Operating lease right-of-use assets(1) |  | $ | 11,788 |  |  | $ | 13,109 |
Operating lease liability-current(2) |  | $ | 2,067 |  |  | $ | 2,423 |
Operating lease liability-long-term |  |  | 10,656 |  |  |  | 11,645 |
Total |  | $ | 12,723 |  |  | $ | 14,068 |
Weighted average remaining lease term (in years) |  |  | 7.0 |  |  |  | 7.1 |
Weighted average discount rate |  |  | 7.3 | % |  |  | 7.3 | %
_________________________ (1) Operating right-of-use assets related to vehicles, 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 June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Interest expense |  | $ | 2,381 |  |  | $ | 2,393 |  |  | $ | 4,740 |  |  | $ | 4,787 |
Amortization of debt issuance costs |  |  | 52 |  |  |  | 51 |  |  |  | 103 |  |  |  | 104 |
Interest expense on financing liability |  | $ | 2,433 |  |  | $ | 2,444 |  |  | $ | 4,843 |  |  | $ | 4,891 |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Operating lease costs |  | $ | 730 |  |  | $ | 350 |  |  | $ | 1,459 |  |  | $ | 698 |
Variable lease costs |  |  | 189 |  |  |  | 9 |  |  |  | 432 |  |  |  | 19 |
Cash paid |  |  | 919 |  |  |  | 314 |  |  |  | 1,891 |  |  |  | 546 |
Summary of Remaining Financing Liability Payments | The Company's remaining financing liability payments were as follows (in thousands):
|  | June 30, 2025 |
2025 (Remaining) |  | $ | 5,153 |
2026 |  |  | 10,533 |
2027 |  |  | 10,849 |
2028 |  |  | 11,174 |
2029 |  |  | 11,510 |
Thereafter |  |  | 165,769 |
Total |  |  | 214,988 |
Interest payments |  |  | (108,959 | )
Debt issuance costs |  |  | (2,363 | )
Total financing liability |  | $ | 103,666 |
Remaining Purchase Commitments and Estimated Capacity Fee Liability Requirements | The Company's remaining purchase commitments and estimated capacity fee liability as of June 30, 2025 were as follows (€ in millions):
| June 30, 2025 |
| Remaining Purchase Commitments |  |  | Estimated Capacity Fees |
2025 (Remaining)(1) |  | — |  |  |  | 0.8 |
2026 |  | 4.1 |  |  |  | 2.0 |
2027 |  | 6.0 |  |  |  | 1.0 |
2028 |  | 6.0 |  |  |  | 1.0 |
2029 |  | 5.8 |  |  |  | 1.0 |
2030 |  | 5.8 |  |  |  | 1.0 |
2031 |  | 7.8 |  |  |  | 0.5 |
2032 |  | 7.7 |  |  |  | 0.5 |
2033 |  | 7.7 |  |  |  | 0.5 |
2034 |  | 4.3 |  |  |  | 0.5 |
Total |  | 55.2 |  |  |  | 8.8 |
_________________________ (1) During the three and six months ended June 30, 2025, the Company incurred a capacity fee of €375,000, or $0.4 million and €750,000, or $0.9 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 And Vehicle Lease Payments | The Company's future minimum office and vehicle lease payments were as follows (in thousands):
|  | June 30, 2025 |
2025 (Remaining) |  | $ | 1,462 |
2026 |  |  | 2,502 |
2027 |  |  | 2,476 |
2028 |  |  | 2,087 |
2029 |  |  | 1,485 |
Thereafter |  |  | 6,236 |
Total |  |  | 16,248 |
Interest expense |  |  | (3,525 | )
Total operating lease liability |  | $ | 12,723 |

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- Definition Tabular disclosure of key provisions of an arrangement under which the entity has agreed to purchase goods or services over a period of time greater than one year or the normal operating cycle, if longer, including the item for which expenditures will be made, minimum quantities, milestones, time period and committed amount. + References No definition available. + Details
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