v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 88,033 $ 104,713
Restricted cash 492 210
Short-term investments 172,005 216,137
Trade receivables 91,177 79,069
Inventory, net 5,044 8,087
Prepaid expenses and other current assets 12,541 13,752
Total current assets 398,462 421,968
Long-term inventory, net 22,205 23,187
Property and equipment, net 8,457 7,777
Long-term investments 10,101 20,323
Right of use assets 11,546 12,008
Other assets 3,592 5,157
Total assets 457,188 490,420
Current liabilities:    
Accounts payable 8,589 11,644
Accrued expenses 107,114 113,292
Operating lease liabilities 392 937
Finance lease liabilities 1,616 1,835
Royalty financing obligations 35,741 32,676
Total current liabilities 177,160 160,384
Operating lease liabilities 8,489 7,924
Finance lease liabilities 2,043 2,124
Royalty financing obligations 447,842 481,053
Secured term loan 242,794 314,869
Total liabilities 878,782 966,354
Stockholders’ deficit:    
Preferred stock, $0.01 par value; shares authorized - 5,000; no shares issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock, $0.01 par value; shares authorized - 450,000; shares issued and outstanding – 209,905 at June 30, 2025 and 208,543 at December 31, 2024 2,099 2,085
Additional paid-in capital 1,339,584 1,291,100
Accumulated other comprehensive income 1,646 921
Accumulated deficit (1,764,923) (1,770,040)
Total stockholders’ deficit (421,594) (475,934)
Total liabilities and stockholders’ deficit 457,188 490,420
Disposal Group, Held-for-Sale, Not Discontinued Operations    
Current assets:    
Current assets held for sale 29,170 0
Non-current assets held for sale 2,825 0
Current liabilities:    
Current liabilities held for sale 23,708 0
Non-current liabilities held for sale $ 454 $ 0