v3.25.1
Prepaid and Other Current Assets (Tables)
3 Months Ended
Mar. 31, 2025
Prepaid Expense and Other Assets, Current [Abstract]  
Summary of Prepaid and Other Current Assets

Prepaid and other current assets consisted of the following as of March 31, 2025 and December 31, 2024 (in thousands):

 

 

 

March 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Down payments for inventory

 

$

11,362

 

 

$

1,080

 

Prepaid research and development

 

 

9,607

 

 

 

7,780

 

Other prepaid expenses

 

 

16,135

 

 

 

9,508

 

Total prepaid assets

 

$

37,104

 

 

$

18,368

 

 

 

 

March 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Royalties receivable

 

$

6,090

 

 

$

4,525

 

Receivable from collaboration agreement

 

 

3,041

 

 

 

2,272

 

Deposits and other current assets

 

 

3,942

 

 

 

4,847

 

Total other current assets

 

$

13,073

 

 

$

11,644