Finance Receivables (Tables)

12 Months Ended

Dec. 31, 2025

Receivables [Abstract]

Schedule of Carrying Value of Finance Receivables

The carrying values of finance receivables are as follows (in thousands):

	December 31,
	2025		2024
Term loans	$	215,989	$	224,073
Royalty purchases	9,916		64,936
Total before allowance for credit losses	225,905		289,009
Allowance for credit losses	(7,278)		(11,249)
Total carrying value	$	218,627	$	277,760

Schedule of Allowance for Credit Losses

The following table details the changes in the allowance for credit losses by portfolio segment for the respective periods (in thousands):

	December 31, 2025						December 31, 2024
	Term Loans		Royalties		Total		Term Loans		Royalties		Total
Allowance at beginning of period	$	7,158	$	4,091	$	11,249	$	9,731	$	4,170	$	13,901
Provision for (benefit from) credit losses	(1,367)		368		(999)		8,907		(79)		8,828
Write offs, net of recoveries	—		(2,972)		(2,972)		(11,480)		—		(11,480)
Allowance at end of period	$	5,791	$	1,487	$	7,278	$	7,158	$	4,091	$	11,249

Schedule of Allowance for Credit Losses

The following table presents nonaccrual and performing finance receivables by portfolio segment, net of credit loss allowance (in thousands):

	December 31, 2025						December 31, 2024
	Nonaccrual		Performing		Total		Nonaccrual		Performing		Total
Term loans	$	—	$	215,989	$	215,989	$	1,000	$	223,073	$	224,073
Royalty purchases	9,916		—		9,916		13,830		51,106		64,936
Total before allowance for credit losses	$	9,916	$	215,989	$	225,905	$	14,830	$	274,179	$	289,009
Allowance for credit losses	(1,487)		(5,791)		(7,278)		(2,075)		(9,174)		(11,249)
Total carrying value	$	8,429	$	210,198	$	218,627	$	12,755	$	265,005	$	277,760

Schedule of Financing Receivable by origination year

The following table summarizes the carrying value of Finance Receivables by origination year, grouped by risk rating (in thousands):

	December 31, 2025
	2025		2024		2023		2022		2021		Prior		Total
Term Loans
5	$	—	$	29,909	$	25,325	$	19,679	$	16,437	$	—	$	91,350
4	14,675		—		28,992		—		—		—		43,667
3	—		8,092		5,600		23,082		—		23,533		60,307
2	—		—		6,151		—		14,514		—		20,665
1	—		—		—		—		—		—		—
Subtotal - Term Loans	$	14,675	$	38,001	$	66,068	$	42,761	$	30,951	$	23,533	$	215,989
Royalties
Green	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Yellow	—		—		—		—		—		—		—
Red	—		—		—		—		2,286		7,630		9,916
Subtotal - Royalties	$	—	$	—	$	—	$	—	$	2,286	$	7,630	$	9,916
Total Finance Receivables, gross	$	14,675	$	38,001	$	66,068	$	42,761	$	33,237	$	31,163	$	225,905

	December 31, 2024
	2024		2023		2022		2021		2020		Prior		Total
Term Loans
5	$	—	$	—	$	—	$	16,378	$	—	$	28,926	$	45,304
4	7,929		36,406		55,353		—		—		—		99,688
3	—		24,920		—		11,930		—		26,482		63,332
2	—		—		—		14,749		—		—		14,749
1	—		—		—		—		—		1,000		1,000
Subtotal - Term Loans	$	7,929	$	61,326	$	55,353	$	43,057	$	—	$	56,408	$	224,073
Royalties
Green	$	8,005	$	11,685	$	11,231	$	—	$	15,865	$	1,267	$	48,053
Yellow	—		—		—		—		3,053		—		3,053
Red	—		—		—		3,050		8,433		2,347		13,830
Subtotal - Royalties	$	8,005	$	11,685	$	11,231	$	3,050	$	27,351	$	3,614	$	64,936
Total Finance Receivables, gross	$	15,934	$	73,011	$	66,584	$	46,107	$	27,351	$	60,022	$	289,009