XML 42 R25.htm IDEA: XBRL DOCUMENT

DEBT (Tables)

12 Months Ended

Dec. 31, 2025

As of December 31, 2025, the Company’s outstanding debt balance under the 2025 Loan Agreement consisted of the following (in thousands):


	AS OF
	DECEMBER 31, 2025
Term loan	$	109,000
Less: debt discount	(8,441)
Long-term debt, including debt discount and final payment fee	$	100,559

Schedule of Maturities of Long-term Debt

The Company’s interest-only period will continue through February 2028, with principal payments beginning in March 2028. Future principal payments and final fee payments will be made as follows (in thousands):


	AS OF
	DECEMBER 31, 2025
2028	$	43,478
2029	52,174
2030	13,348
Total future minimum payments	109,000
Less: unamortized debt discount	(8,441)
Total debt	$	100,559

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details