v3.26.1
REVENUE RECOGNITION
3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
Net Product Revenue
To date, our only source of product revenue has been from the U.S. sales of RYTELO, which we began shipping to our customers in June 2024. To date, product revenue pursuant to Named Patient Programs outside of the U.S. have been not material.
The reconciliation of gross product sales to net product sales by each significant category of gross-to-net adjustments was as follows for the three months ended March 31, 2026 and 2025:
Three Months Ended March 31,
(in thousands)
20262025
Gross product revenue$65,353 $45,312 
Gross-to-net adjustments:
Chargebacks(8,164)(4,171)
Distributor service fees(2,169)(1,526)
Government rebates(1,658)(66)
Sales returns and allowances(1,591)(113)
Total gross-to-net adjustments(13,582)(5,876)
Net product revenue$51,771 $39,436