v3.25.2
Consolidated Statements of Comprehensive Loss (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]        
Product revenues, net $ 107,415 $ 90,340 $ 200,238 $ 165,840
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Product [Member] Product [Member] Product [Member] Product [Member]
Operating expenses:        
Cost of product revenues (excluding amortization of intangible assets) $ 28,075 $ 20,964 $ 49,353 $ 38,421
Cost, Product and Service [Extensible Enumeration] Product [Member] Product [Member] Product [Member] Product [Member]
Research and development $ 177,190 $ 146,748 $ 329,767 $ 267,831
Selling, general and administrative 154,763 106,569 302,308 199,671
Amortization of intangible assets 1,263 1,263 2,526 2,526
Change in fair value of deferred and contingent consideration liabilities 59,000 103,700 77,300 91,800
Total operating expenses 420,291 379,244 761,254 600,249
Operating loss (312,876) (288,904) (561,016) (434,409)
Investment income 13,225 10,285 27,131 19,068
Interest expense (21,245) (21,267) (42,814) (42,309)
Change in fair value of interest rate swap 0 384 0 2,746
Other income (expense), net 453 (269) 585 (1,369)
Loss before income taxes (320,443) (299,771) (576,114) (456,273)
Provision for income taxes 1,243 838 2,155 1,427
Net loss $ (321,686) $ (300,609) $ (578,269) $ (457,700)
Basic net loss per share (in dollars per share) $ (1.70) $ (1.94) $ (3.12) $ (3.02)
Diluted net loss per share (in dollars per share) $ (1.70) $ (1.94) $ (3.12) $ (3.02)
Weighted average basic common shares outstanding (in shares) 189,302 154,702 185,104 151,579
Weighted average diluted common shares outstanding (in shares) 189,302 154,702 185,104 151,579
Net loss, basic $ (321,686) $ (300,609) $ (578,269) $ (457,700)
Net loss, diluted (321,686) (300,609) (578,269) (457,700)
Other comprehensive income (loss):        
Foreign currency translation gains (losses) 2,656 (1,194) 4,484 (2,049)
Unrealized loss on marketable securities (22) 0 (463) (36)
Total comprehensive loss $ (319,052) $ (301,803) $ (574,248) $ (459,785)