v3.25.3
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Statement of Comprehensive Income [Abstract]        
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Product [Member] Product [Member] Product [Member] Product [Member]
Product revenue, net $ 97,800 $ 83,841 $ 282,025 $ 199,376
Operating expenses        
Cost, Product and Service [Extensible Enumeration] Product [Member] Product [Member] Product [Member] Product [Member]
Cost of goods sold $ 4,263 $ 6,684 $ 16,457 $ 15,112
Research and development 14,585 13,512 43,251 40,052
Selling, general and administrative 37,578 28,673 105,292 82,339
Litigation settlement 0 12,500 0 37,500
Total operating expenses 56,426 61,369 165,000 175,003
Income from operations 41,374 22,472 117,025 24,373
Other income        
Interest and other income, net 6,593 7,297 21,315 22,373
Income before income taxes 47,967 29,769 138,340 46,746
Income tax benefit (expense) 31,398 (2,589) 15,091 (3,066)
Net income 79,365 27,180 153,431 43,680
Unrealized gain on available-for-sale securities 657 1,840 843 713
Foreign currency translation (714) 306 447 161
Comprehensive income $ 79,308 $ 29,326 $ 154,721 $ 44,554
Net income per common share:        
Basic (in dollars per share) $ 2.74 $ 0.95 $ 5.31 $ 1.53
Diluted (in dollars per share) $ 2.66 $ 0.91 $ 5.14 $ 1.47
Weighted-average common shares outstanding:        
Basic (in shares) 28,953 28,716 28,893 28,537
Diluted (in shares) 29,833 29,902 29,829 29,669