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

Inhibrx Biosciences, Inc. 10-K