v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Current Assets:      
Cash and cash equivalents $ 755,859 $ 709,171  
Accounts receivable, net 130,834 126,477  
Inventory 34,930 37,166  
Prepaid expenses and other current assets 18,767 21,216  
Total current assets 940,390 894,030  
Operating lease right-of-use asset, net 1,858 1,935  
Property and equipment, net 994 1,037  
License and acquired intangibles, net 121,971 131,674  
Deferred tax assets, net 55,111 52,767  
Investment in equity securities 27,286 22,536  
Total assets 1,147,610 1,103,979  
Current Liabilities:      
Accounts payable 7,151 11,202  
Accrued expenses and other liabilities 125,247 135,950  
Total current liabilities 132,398 147,152  
Operating lease liability, net of current portion 2,235 2,350  
Other non-current liabilities 280 209  
Total liabilities 134,913 149,711  
Commitments and contingencies (Note 12)  
Stockholders' equity:      
Preferred stock, $0.001 par value, 5,000,000 shares authorized: none issued and outstanding at March 31, 2026 and December 31, 2025 0 0  
Common stock, $0.001 par value, 200,000,000 shares authorized; 122,181,308 shares and 122,513,621 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 122 123  
Additional paid-in capital 489,218 479,957  
Retained earnings 523,349 474,188  
Accumulated other comprehensive income (loss) (Note 4) 8 0 (17)
Total stockholders' equity 1,012,697 954,268 $ 794,283
Total liabilities and stockholders' equity $ 1,147,610 $ 1,103,979