v3.26.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 162,644 $ 184,844
Inventories 12,996 15,610
Accounts receivable, net 62,536 47,031
Prepaid expenses and other current assets 5,305 5,470
Total current assets 243,481 252,955
Property and equipment, net 956 1,222
Operating right-of-use assets 2,465 3,663
Goodwill 59,044 59,044
Other long-term assets 56,574 59,681
Total assets 362,520 376,565
Current liabilities:    
Accounts payable 8,386 21,185
Accrued expenses and other current liabilities 125,062 121,716
Current portion of deferred revenue 4,496 2,681
Current portion of long-term debt 12,495 0
Working Capital Fund liability, current portion 23,445 17,356
Total current liabilities 173,884 162,938
Long-term debt, net of current portion 36,395 48,250
Liability related to settlement royalties, net of current portion 54,842 54,750
Liability related to sale of future royalties, net of current portion 50,414 50,608
Working Capital Fund liability, net of current portion 16,405 22,606
Warrant liability 2,524 2,980
Other long-term liabilities 681 1,823
Total liabilities 335,145 343,955
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock $0.00001 par value; 25,000,000 shares authorized at March 31, 2026 and December 31, 2025; no shares issued and outstanding at March 31, 2026 and December 31, 2025 0 0
Common stock $0.00001 par value; 350,000,000 shares authorized at March 31, 2026 and December 31, 2025; 267,898,415 and 265,424,818 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 2 2
Additional paid-in capital 1,720,126 1,716,307
Accumulated other comprehensive income 6 6
Accumulated deficit (1,692,759) (1,683,705)
Total stockholders' equity 27,375 32,610
Total liabilities and stockholders' equity $ 362,520 $ 376,565