v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 115,238 $ 88,879
Investments in marketable securities 51,810 83,246
Trade receivables, net 22,064 17,815
TSA receivables, net 446 603
Inventory 4,825 3,172
Prepaid manufacturing 2,273 6,758
Other prepaids and current assets 9,379 6,233
Total current assets 206,035 206,706
Property and equipment, net 1,094 1,345
Inventory, non-current 9,688 0
Intangible assets, net 45,614 46,239
Other assets, non-current 3,591 4,053
Total assets 266,022 258,343
Current liabilities:    
Accounts payable 11,479 9,915
Accrued rebates, fees and reserves 28,766 30,397
TSA payables and accrued liabilities 61,605 65,065
Accrued compensation 15,280 14,579
Accrued and other current liabilities 15,202 20,430
Total current liabilities 132,332 140,386
Term loan, non-current 37,147 37,051
Lease liabilities, non-current 954 1,457
Other liabilities, non-current 16,966 18,435
Total liabilities 187,399 197,329
Stockholders' equity:    
Common stock ($0.0001 par value; shares authorized: 300,000,000; shares issued and outstanding: 154,217,609 and 121,154,925 at March 31, 2026 and December 31, 2025, respectively) 15 12
Additional paid-in capital 1,500,172 1,444,166
Accumulated other comprehensive loss (268) (195)
Accumulated deficit (1,421,296) (1,382,969)
Total stockholders' equity 78,623 61,014
Total liabilities and stockholders' equity $ 266,022 $ 258,343