v3.26.1
Product Revenue (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Product Revenue, Net
Product revenue, net, was as follows:
Three Months Ended June 30,Six Months Ended June 30,
(In thousands)2026202520262025
Product revenue, net
United States$40,917 $12,151 $59,768 $20,877 
Rest of world3,828 304 5,723 304 
Total product revenue, net$44,745 $12,455 $65,491 $21,181 
Schedule of Product Revenue Allowance and Reserve
The following table summarizes balances and activity in each of the product revenue allowance and reserve categories for the six months ended June 30, 2026:
(In thousands)Contractual AdjustmentsGovernment RebatesReturns/ Replacement/ OtherTotal
Balance at December 31, 2025$182 $1,274 $1,040 $2,496 
Current provisions relating to sales in the current year1,817 3,738 4,519 10,074 
Adjustments relating to prior years— (113)(370)(483)
Payments/returns relating to sales in the current year(1,459)(1,016)— (2,475)
Payments/returns relating to sales in the prior years(174)(895)(16)(1,085)
Balance at June 30, 2026$366 $2,988 $5,173 $8,527 
Schedule of Revenue-related Reserves
Total revenue-related reserves above, included in our condensed consolidated balance sheets, are summarized as follows:
(In thousands)June 30, 2026December 31, 2025
Reduction of accounts receivable$369 $174 
Reduction of contract assets3,865 — 
Component of accrued expenses 4,293 2,322 
Total revenue-related reserves$8,527 $2,496 
Schedule of Changes in Contract Assets
The following table presents changes in our contract assets during the six months ended June 30, 2026:
(In thousands)December 31, 2025AdditionsDeductionsJune 30, 2026
Accounts receivable, net (1)
$10,577 $67,126 $(57,591)$20,112 
Contract assets (2)
— 4,104 — 4,104 
Total contract assets$10,577 $71,230 $(57,591)$24,216 
(1) Additions to accounts receivable, net relate to amounts billed to Customers for product sales and deductions from accounts receivable, net primarily relate to collection of receivables during the reporting period.
(2) Additions to contract assets relate to amounts unbilled to Customers for net product sales, and deductions from contract assets relate to amounts billed to Customers for product sales.