v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,284,324 $ 555,030
Marketable securities 572,441 878,796
Accounts receivable 55,033 52,012
Inventory 107,605 98,578
Prepaid expenses and other current assets 62,177 37,245
Total current assets 2,081,580 1,621,661
Fixed assets, net 89,995 80,052
Finance lease right-of-use assets 16,917 18,273
Operating lease right-of-use assets 10,315 17,257
Intangibles, net 56,126 58,652
Goodwill 136,110 136,110
Other assets 88,814 93,226
Total assets 2,479,857 2,025,231
Current liabilities:    
Accounts payable and accrued liabilities 305,019 285,209
Finance lease liabilities 3,149 2,961
Operating lease liabilities 3,513 9,358
Total current liabilities 311,681 297,528
Debt, long-term 538,508 1,103,382
Royalty financing agreement 163,534 161,067
Contingent consideration 180,500 144,200
Finance lease liabilities, long-term 22,439 24,064
Operating lease liabilities, long-term 7,899 9,112
Other long-term liabilities 5,561 499
Total liabilities 1,230,122 1,739,852
Shareholders’ equity:    
Common stock, $0.01 par value; 500,000,000 authorized shares, 211,110,658 and 179,382,635 issued and outstanding shares at June 30, 2025 and December 31, 2024, respectively 2,111 1,794
Additional paid-in capital 6,184,078 4,645,791
Accumulated deficit (4,938,186) (4,359,917)
Accumulated other comprehensive gain (loss) 1,732 (2,289)
Total shareholders’ equity 1,249,735 285,379
Total liabilities and shareholders’ equity $ 2,479,857 $ 2,025,231