XOMA Royalty Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Basis of Presentation and Significant Accounting Policies (Tables)

Basis of Presentation and Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2026

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 condensed consolidated statements of cash flows (in thousands):


	March 31,		December 31,
	2026		2025
Unrestricted cash	$	10,260	$	34,768
Unrestricted cash equivalents		75,340		48,140
Total unrestricted cash and cash equivalents	$	85,600	$	82,908
Short-term restricted cash		8,862		5,441
Long-term restricted cash		44,281		45,361
Total restricted cash	$	53,143	$	50,802
Total unrestricted and restricted cash and cash equivalents	$	138,743	$	133,710

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):


	March 31, 2026
	Amortized		Unrealized		Unrealized		Estimated Fair
	Cost Basis		Gains		Losses		Value
U.S. treasury bills	$	25,386	$	119	$	—	$	25,505
Total debt securities	$	25,386	$	119	$	—	$	25,505


	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

Schedule of restricted cash

Restricted cash consisted of the following (in thousands):


	March 31,		December 31,
	2026		2025
Short-term restricted cash held for Blue Owl Loan	$	1,410	$	160
Short-term restricted cash held for Boston Lease payments		5,320		5,281
Short-term restricted cash held for Binney Lease security deposit		2,051		—
Short-term restricted cash held for Generation Bio post-closing expenses		81		—
Total short-term restricted cash	$	8,862	$	5,441

Long-term restricted cash held for Blue Owl Loan		680		2,011
Long-term restricted cash held for Boston Lease security deposit		1,631		1,631
Long-term restricted cash held for Boston Lease payments		34,866		35,386
Long-term restricted cash held for LAVA CVR payments		6,744		6,333
Long-term restricted cash held for Generation Bio post-closing expenses		360		—
Total long-term restricted cash	$	44,281	$	45,361
Total restricted cash	$	53,143	$	50,802