| Disaggregation of Revenue |
The composition of revenue from services by payor for the three and six months ended June 30, 2025 and 2024 was as follows:
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Three months ended June 30, |
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|
Six months ended June 30, |
|
(In thousands) |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Healthcare insurers |
|
$ |
58,478 |
|
|
$ |
78,808 |
|
|
$ |
116,130 |
|
|
$ |
153,416 |
|
Government payers |
|
|
17,102 |
|
|
|
21,234 |
|
|
|
34,257 |
|
|
|
43,193 |
|
Client payers |
|
|
23,168 |
|
|
|
25,061 |
|
|
|
48,448 |
|
|
|
50,749 |
|
Patients |
|
|
2,353 |
|
|
|
4,292 |
|
|
|
5,110 |
|
|
|
8,928 |
|
Total |
|
$ |
101,101 |
|
|
$ |
129,395 |
|
|
$ |
203,945 |
|
|
$ |
256,286 |
|
|
| Schedule of Product Sales Allowances and Accruals |
The following table presents an analysis of Rayaldee product sales allowances and accruals for the three and six months ended June 30, 2025 and 2024:
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|
(In thousands) |
|
Chargebacks,
discounts,
rebates and
fees |
|
|
Governmental |
|
|
Returns |
|
|
Total |
|
Balance at March 31, 2025 |
|
$ |
1,228 |
|
|
$ |
3,851 |
|
|
$ |
2,478 |
|
|
$ |
7,557 |
|
Provision related to current period sales |
|
|
3,173 |
|
|
|
3,858 |
|
|
|
291 |
|
|
|
7,322 |
|
Credits or payments made |
|
|
(3,161 |
) |
|
|
(3,583 |
) |
|
|
(452 |
) |
|
|
(7,196 |
) |
Balance at June 30, 2025 |
|
$ |
1,240 |
|
|
$ |
4,126 |
|
|
$ |
2,317 |
|
|
$ |
7,683 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
Total gross Rayaldee sales |
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|
|
|
|
|
|
|
|
$ |
14,528 |
|
Provision for Rayaldee sales allowances and accruals as a percentage of gross Rayaldee sales |
|
|
|
|
|
|
|
|
|
|
|
50 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
Chargebacks,
discounts,
rebates and
fees |
|
|
Governmental |
|
|
Returns |
|
|
Total |
|
Balance at December 31, 2024 |
|
$ |
2,070 |
|
|
$ |
5,365 |
|
|
$ |
2,465 |
|
|
$ |
9,900 |
|
Provision related to current period sales |
|
|
6,258 |
|
|
|
7,292 |
|
|
|
553 |
|
|
|
14,103 |
|
Credits or payments made |
|
|
(7,088 |
) |
|
|
(8,531 |
) |
|
|
(701 |
) |
|
|
(16,320 |
) |
Balance at June 30, 2025 |
|
$ |
1,240 |
|
|
$ |
4,126 |
|
|
$ |
2,317 |
|
|
$ |
7,683 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total gross Rayaldee sales |
|
|
|
|
|
|
|
|
|
|
$ |
27,638 |
|
Provision for Rayaldee sales allowances and accruals as a percentage of gross Rayaldee sales |
|
|
|
|
|
|
|
|
|
|
|
51 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
Chargebacks, discounts, rebates and fees |
|
|
Governmental |
|
|
Returns |
|
|
Total |
|
Balance at March 31, 2024 |
|
$ |
2,494 |
|
|
$ |
4,475 |
|
|
$ |
2,215 |
|
|
$ |
9,184 |
|
Provision related to current period sales |
|
|
4,400 |
|
|
|
6,416 |
|
|
|
368 |
|
|
|
11,184 |
|
Credits or payments made |
|
|
(4,151 |
) |
|
|
(4,900 |
) |
|
|
(389 |
) |
|
|
(9,440 |
) |
Balance at June 30, 2024 |
|
$ |
2,743 |
|
|
$ |
5,991 |
|
|
$ |
2,194 |
|
|
$ |
10,928 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total gross Rayaldee sales |
|
|
|
|
|
|
|
|
|
|
$ |
18,424 |
|
Provision for Rayaldee sales allowances and accruals as a percentage of gross Rayaldee sales |
|
|
|
|
|
|
|
|
|
|
|
61 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
Chargebacks, discounts, rebates and fees |
|
|
Governmental |
|
|
Returns |
|
|
Total |
|
Balance at December 31, 2023 |
|
$ |
2,578 |
|
|
$ |
6,150 |
|
|
$ |
2,192 |
|
|
$ |
10,920 |
|
Provision related to current period sales |
|
|
8,219 |
|
|
|
10,548 |
|
|
|
672 |
|
|
|
19,439 |
|
Credits or payments made |
|
|
(8,054 |
) |
|
|
(10,707 |
) |
|
|
(670 |
) |
|
|
(19,431 |
) |
Balance at June 30, 2024 |
|
$ |
2,743 |
|
|
$ |
5,991 |
|
|
$ |
2,194 |
|
|
$ |
10,928 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total gross Rayaldee sales |
|
|
|
|
|
|
|
|
|
|
$ |
33,582 |
|
Provision for Rayaldee sales allowances and accruals as a percentage of gross Rayaldee sales |
|
|
|
|
|
|
|
|
|
|
|
58 |
% |
|