v3.25.4
DEBT - Narrative (Details)
$ in Thousands
1 Months Ended 12 Months Ended 17 Months Ended 43 Months Ended
Oct. 31, 2025
USD ($)
Aug. 31, 2023
USD ($)
tranche
Apr. 30, 2022
USD ($)
tranche
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Aug. 31, 2023
USD ($)
tranche
Oct. 31, 2025
USD ($)
Debt Instrument [Line Items]                
Interest expense       $ 4,948 $ 2,197 $ 1,331    
Secured Debt                
Debt Instrument [Line Items]                
Proceeds from issuance of long-term debt, net             $ 20,000  
Hercules Capital, Inc | Secured Debt                
Debt Instrument [Line Items]                
Principal amount $ 300,000 $ 150,000 $ 75,000       $ 150,000 $ 300,000
Debt instrument, number of tranches | tranche   4 4       4  
Debt instrument, face amount, first tranche 100,000 $ 50,000 $ 25,000       $ 50,000 100,000
Proceeds from issuance of long-term debt, net 30,000 15,000 $ 5,000         50,000
Debt instrument, face amount, fourth tranche 50,000 60,000         60,000 50,000
Debt instrument, face amount, second tranche 50,000 20,000         20,000 50,000
Debt instrument, face amount, third tranche 50,000 20,000         20,000 50,000
Debt instrument, face amount, fifth tranche $ 50,000             $ 50,000
Interest rate (in percent) 8.95%     8.95%       8.95%
Basis spread (in percent) 1.45%              
Maximum interest rate (in percent) 9.45%             9.45%
Term fee (in percent) 4.25%             4.25%
Term fee at maturity (in percent) 6.00%             6.00%
Effective interest rate (in percent)     13.00%          
Interest expense       $ 3,100 $ 2,200 $ 1,300    
Hercules Capital, Inc | Secured Debt | Through December 15, 2023                
Debt Instrument [Line Items]                
Debt instrument, face amount, first tranche $ 25,000 25,000         25,000 $ 25,000
Hercules Capital, Inc | Secured Debt | July 1, 2024 through December 15, 2024                
Debt Instrument [Line Items]                
Debt instrument, face amount, first tranche $ 25,000 $ 25,000         $ 25,000 $ 25,000