v3.26.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Total revenues $ 376,708 $ 264,861
Operating expenses    
Cost of sales 79,238 48,403
Amortization of intangibles 29,512 17,762
Research and development 25,560 14,799
Selling, general and administrative 57,881 42,362
Total operating expenses 192,191 123,326
Operating income 184,517 141,535
Other income (expense)    
Investment and other income, net 1,318 6,818
Interest expense (5,508) (4,525)
Income before income tax expense 180,327 143,828
Income tax expense 30,278 25,733
Net income $ 150,049 $ 118,095
Earnings per share    
Basic (usd per share) $ 1.27 $ 0.96
Diluted (usd per share) $ 1.22 $ 0.93
Weighted average common shares outstanding    
Basic (in shares) 118,144 123,215
Diluted (in shares) 122,875 126,644
Royalties    
Revenues    
Total revenues $ 240,681 $ 168,192
Product sales, net    
Revenues    
Total revenues 130,424 78,041
Revenues under collaborative agreements    
Revenues    
Total revenues $ 5,603 $ 18,628