v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Total revenues $ 1,513,438 $ 1,117,279
Gross profit 1,346,223 952,277
Operating expenses    
Research and development 541,224 481,887
Selling, general and administrative 555,097 459,288
Total operating expenses 1,096,321 941,175
Income from operations 249,902 11,102
Interest income 27,664 12,850
Interest expense (32,887) (7,002)
Other income, net 14,536 3,950
Income before income taxes 259,215 20,900
Income tax expense 31,858 19,630
Net income $ 227,357 $ 1,270
Earnings per share    
Basic (in dollars per share) $ 0.16 $ 0.00
Diluted (in dollars per share) $ 0.15 $ 0.00
Weighted-average shares outstanding—basic (in shares) 1,442,451,870 1,390,052,966
Weighted-average shares outstanding— diluted (in shares) 1,505,027,338 1,445,253,219
Earnings per American Depositary Share (“ADS”)    
Basic (in dollars per share) $ 2.05 $ 0.01
Diluted (in dollars per share) $ 1.96 $ 0.01
Weighted-average ADSs outstanding - basic (in shares) 110,957,836 106,927,151
Weighted-average ADSs outstanding - diluted (in shares) 115,771,334 111,173,325
Product revenue, net    
Revenues    
Total revenues $ 1,487,329 $ 1,108,530
Cost of sales - product 167,215 165,002
Other revenue    
Revenues    
Total revenues $ 26,109 $ 8,749