v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 3,351 $ 4,955
Marketable securities 10 6,026
Accounts receivable, net 10,647 15,244
Note receivable, net 19,200 0
Inventory 4,532 4,789
Prepaid expenses and other current assets 4,230 7,344
Total current assets 41,970 38,358
Property and equipment, net 13,379 13,599
Operating lease right-of-use asset 14,175 14,818
Intangibles, net 59,807 59,088
Investments 4,831 1,000
Equity method investment, at fair value 79,098 159,403
Digital assets 65,345 64,711
Goodwill 13,481 13,481
Other long term assets 1,549 523
Total assets 293,635 364,981
Current liabilities:    
Accounts payable 101,578 86,266
Accrued payroll 3,901 3,270
Accrued rebates and fees 247,514 231,756
Accrued expenses 60,037 66,414
Current portion of deferred consideration 398 407
Debt, current 80,783 83,262
Promissory notes 2,767 3,517
Purchased revenue liability, current 2,796 3,764
Current portion of operating lease liabilities 1,723 1,733
Other current liabilities 255 3,263
Total current liabilities 501,752 483,652
Long-term portion of deferred consideration 1,945 2,041
Debt, net of issuance costs 0 22,480
Purchased revenue liability, net of current portion 5,604 4,636
Derivative liabilities 25,541 50,599
Operating lease liabilities, net of current portion 12,686 13,151
Other long-term liabilities 177 174
Total liabilities 547,705 576,733
Commitments and contingencies (See Note 13)
Stockholders' deficit:    
Common stock, $0.0001 par value, 740,000,000 shares authorized; 8,491,267 shares issued and 7,033,004 shares outstanding as of March 31, 2026 and December 31, 2025 1 1
Additional paid-in capital 799,301 796,721
Accumulated other comprehensive income (6,550) (5,803)
Accumulated deficit (965,056) (921,786)
Treasury stock, at cost; 1,458,263 shares as of March 31, 2026 and December 31, 2025 (76,915) (76,915)
Total stockholders' deficit (249,219) (207,781)
Noncontrolling interests (4,851) (3,971)
Total Scilex Holding Company stockholders' deficit (254,070) (211,752)
Total liabilities and stockholders' deficit 293,635 364,981
Series A Preferred Stock [Member]    
Stockholders' deficit:    
Preferred Stock, Value 0 0
Series 1 Preferred Stock [Member]    
Stockholders' deficit:    
Preferred Stock, Value $ 0 $ 1