Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2026

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt consists of the following:

	September 30, 2026		December 31, 2025
	(in thousands)
The 2026 Term Loan, with an initial balance of $16,115,000 and an option to request additional advances up to a maximum of $6,885,000 through September 2022, which the Company exercised in February 2022. Interest accrues at a fixed rate of 3.5% per annum. Principal and interest payments of $116,000 are due monthly throughout the term of the loan, with the remaining principal balance due at maturity. On December 18, 2025 and April 24, 2026, the Company made early payments of $8,000,000 and $400,000, respectively, to reduce the remaining principal balance due at maturity, with total monthly payments remaining the same for the remainder of the loan term. On September 30, 2026, the Company made a lump-sum payment of $11,208,000 to fully repay the loan upon maturity.	$	—	$	12,258
The 2027 Term Loan, with an initial balance of $20,700,000 and an option to request additional advances up to a maximum of $8,000,000 through June 30, 2023, which the Company exercised in March 2023. Interest accrues at a fixed rate of 4.375% per annum. Prior to August 1, 2023, principal and interest payments of $104,000 were due monthly. Beginning August 1, 2023, monthly principal and interest payments increased to $144,000 for the remainder of the loan term, with the remaining principal balance due at maturity. On September 5, 2025, the Company made an early payment of $3,500,000 to reduce the remaining principal balance due at maturity, with total monthly payments remaining the same for the remainder of the loan term.	23,103		23,623
Long-term debt	23,103		35,881
Less: unamortized loan fees	(32)		(78)
Less: current portion	(23,071)		(12,941)
Long-term debt, net of current portion	$	—	$	22,862

Schedule of Future Maturities

At September 30, 2026, future maturities are:

	(in thousands)
2026 (remainder)	$	178
2027	22,925
Total	$	23,103