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v3.25.4

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Debt |  |  |
Total | $ 261,000 | $ 453,500 |
Less: Unamortized debt discount and issuance costs | (3,269) | (5,156) |
Net carrying amount | 257,731 | 448,344 |
Less: Current portion of long-term debt, net | 0 | (192,028) |
Total long-term debt, net | 257,731 | 256,316 |
Interest expense | $ 16,698 | 22,209 | $ 19,157
HealthCare Royalty Partners |  |  |
Debt |  |  |
Maximum potential royalty payout | 14.00% |  |
Increase in maximum potential payout percent | 18.00% |  |
Maximum aggregate royalty payments | $ 225,000 |  |
Maximum aggregate royalty payments | 225,000 |  |
Required payment for breach of agreement, payment one | 125,000 |  |
Payment for royalty agreement | 40,000 |  |
2025 Notes | Convertible senior notes |  |  |
Debt |  |  |
Total debt | 0 | 192,500 |
Less: Unamortized debt discount and issuance costs |  | (472) |
Net carrying amount |  | 192,028 |
2028 Notes | Convertible senior notes |  |  |
Debt |  |  |
Total debt | 261,000 | 261,000 |
Less: Unamortized debt discount and issuance costs | (3,269) | (4,684) |
Net carrying amount | 257,731 | 256,316 |
Royalty Financing Agreement | Loans Payable [Member] | HealthCare Royalty Partners |  |  |
Debt |  |  |
Interest expense | 6,300 | 9,800 | 6,500
Deferred Royalty obligations | 62,200 | 69,500 |
Royalty Payments | $ 12,800 | $ 9,100 | $ 5,400
Interest Rate of Deferred Royalty Obligation | 10.03% |  |

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