v3.25.3
Nature of Business, Basis of Presentation and Segment Information (Tables)
9 Months Ended
Sep. 30, 2025
Accounting Policies [Abstract]  
Schedule of Revenue and Expense Categories in Single Operating Segment The following table presents the significant revenue and expense categories (in thousands) in our single operating segment:

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

Revenue from external customers

 

$

44,044

 

 

$

38,783

 

 

$

111,988

 

 

$

114,695

 

 

Cost of sales (1)

 

 

(2,082

)

 

 

(1,239

)

 

 

(4,352

)

 

 

(4,499

)

 

Research and development expenses (2)

 

 

(30,743

)

 

 

(36,395

)

 

 

(99,942

)

 

 

(110,722

)

 

Commercial expenses (2)

 

 

(11,112

)

 

 

(12,440

)

 

 

(35,776

)

 

 

(38,606

)

 

General and administrative expenses (2)

 

 

(12,524

)

 

 

(10,810

)

 

 

(34,634

)

 

 

(34,468

)

 

Other segment (expenses) income (3)

 

 

(20,710

)

 

 

(9,971

)

 

 

(31,125

)

 

 

27,958

 

 

Net loss of our single operating segment

 

$

(33,127

)

 

$

(32,072

)

 

$

(93,841

)

 

$

(45,642

)

 

(1) Excludes stock-based compensation expense

(2) Excludes stock-based compensation expense and the effects of certain allocations of certain expenses

(3) Includes total other income (expense), net and income tax provision on the condensed consolidated statements of operations and stock-based compensation expense