v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 311,176 $ 285,585
Restricted cash 36 36
Accounts receivable, net 255,432 281,082
Inventories 143,468 143,067
Prepaid expenses and other current assets 22,087 34,216
Investment in equity securities 14,885 9,131
Total Current Assets 747,084 753,117
Non-current Assets    
Property and equipment, net 67,115 62,476
Deferred tax assets, net 66,555 69,072
Intangible assets, net 467,161 479,526
Goodwill 62,480 62,480
Other non-current assets 11,575 13,706
Total Assets 1,421,970 1,440,377
Current Liabilities    
Current debt, net 19,298 17,268
Accounts payable 69,694 62,583
Accrued royalties 33,926 48,497
Accrued compensation and related expenses 16,091 37,897
Accrued government rebates 38,417 43,154
Income taxes payable 5,297 2,239
Returned goods reserve 43,052 49,504
Accrued expenses and other 13,735 16,970
Total Current Liabilities 239,510 278,112
Non-current Liabilities    
Debt, net 285,996 291,840
Convertible notes, net 308,466 307,927
Contingent consideration, net 9,248 9,610
Other non-current liabilities 16,450 12,164
Total Liabilities 859,670 899,653
Commitments and Contingencies (Note 13)
Stockholders’ Equity    
Common Stock, $0.0001 par value, 66,000,000 shares authorized; 23,758,658 shares issued and 22,877,168 outstanding at March 31, 2026; 23,112,577 shares issued and 22,491,281 shares outstanding at December 31, 2025 3 3
Class C Special Stock, $0.0001 par value, 781,281 shares authorized; 10,864 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 0 0
Preferred Stock, $0.0001 par value, 1,666,667 shares authorized; 0 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 0 0
Treasury stock, 881,490 shares of common stock, at cost, at March 31, 2026 and 621,296 shares of common stock, at cost, at December 31, 2025 (53,004) (33,249)
Additional paid-in capital 608,429 596,036
Retained earnings (Accumulated deficit) 6,393 (23,099)
Accumulated other comprehensive income, net of tax 479 1,033
Total Stockholders’ Equity 562,300 540,724
Total Liabilities and Stockholders’ Equity $ 1,421,970 $ 1,440,377