XOMA Royalty Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Basis of Presentation and Significant Accounting Policies (Tables)

Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Basis of Presentation and Significant Accounting Policies

Schedule of cash, cash equivalents and restricted cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated statements of cash flows (in thousands):


	December 31,		December 31,
	2025		2024
Unrestricted cash	$	34,768	$	8,983
Unrestricted cash equivalents		48,140		92,671
Total unrestricted cash and cash equivalents	$	82,908	$	101,654
Short-term restricted cash		5,441		1,330
Long-term restricted cash		45,361		3,432
Total restricted cash	$	50,802	$	4,762
Total unrestricted and restricted cash and cash equivalents	$	133,710	$	106,416

Schedule of cash equivalents classified as available-for-sale debt securities

Cash equivalents classified as available-for-sale debt securities consisted of the following (in thousands):


	December 31, 2025
	Amortized		Unrealized		Unrealized		Estimated Fair
	Cost Basis		Gains		Losses		Value
U.S. treasury bills	$	6,277	$	53	$	—	$	6,330
Total debt securities	$	6,277	$	53	$	—	$	6,330


	December 31, 2024
	Amortized		Unrealized		Unrealized		Estimated Fair
	Cost Basis		Gains		Losses		Value
U.S. treasury bills	$	20,294	$	73	$	—	$	20,367
Total debt securities	$	20,294	$	73	$	—	$	20,367

Schedule of restricted cash

Restricted cash consisted of the following (in thousands):


	December 31,		December 31,
	2025		2024
Short-term restricted cash held for Blue Owl Loan	$	160	$	1,330
Short-term restricted cash held for Boston Lease payments		5,281		—
Total short-term restricted cash	$	5,441	$	1,330

Long-term restricted cash held for Blue Owl Loan		2,011		3,432
Long-term restricted cash held for Boston Lease security deposit		1,631		—
Long-term restricted cash held for Boston Lease payments		35,386		—
Long-term restricted cash held for LAVA Tax Reserve payments		6,333		—
Total long-term restricted cash	$	45,361	$	3,432
Total restricted cash	$	50,802	$	4,762