v3.25.3
Product Revenue, Accounts Receivable and Reserves for Product Sales
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Product Revenue, Accounts Receivable and Reserves for Product Sales Product Revenue, Accounts Receivable and Reserves for Product Sales
The Company’s product revenue, net of sales discounts and allowances totaled $97.8 million and $83.8 million for the three months ended September 30, 2025 and September 30, 2024, respectively, and $282.0 million and $199.4 million for the nine months ended September 30, 2025 and September 30, 2024, respectively.

The Company’s accounts receivable, net balance relating to VYJUVEK sales was $129.6 million as of September 30, 2025 and $104.7 million as of December 31, 2024. Accounts receivable, net from the Company’s customers who individually accounted for 10% or more of accounts receivable, net consisted of the following:
Percent of Accounts Receivable, Net
September 30,
2025		December 31,
2024
Customer A
71 %81 %
Customer B
16 %13 %
All other single customers represent less than 10% of outstanding accounts receivable, net in the applicable period.
The following table summarizes changes in allowances and discounts for the nine months ended September 30, 2025:
(in thousands)RebatesPrompt PayOther AccrualsTotal
Balance as of December 31, 2024
$38,223 $2,570 $326 $41,119 
Provisions48,360 9,883 386 58,629 
Payments/Credits(27,677)(8,610)(371)(36,658)
Balance as of September 30, 2025
$58,906 $3,843 $341 $63,090 
Rebates are included in accrued rebates and other long-term liabilities on the condensed consolidated balance sheets. Other long-term liabilities are comprised of $3.1 million and $1.4 million of long-term accrued rebates as of September 30, 2025 and December 31, 2024, respectively. Prompt pay is recorded as an allowance against accounts receivable, net on the
condensed consolidated balance sheets. Other accruals are included in accrued expenses and other current liabilities on the condensed consolidated balance sheets. Provisions for rebates, prompt pay and other accruals are recorded as a reduction to product revenue, net on the condensed consolidated statements of operations and comprehensive income.