v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,049,887 $ 984,648
Marketable securities 1,179,195 960,723
Trade and royalty receivables, net 239,044 181,621
Inventory, net 91,354 79,647
Prepaid expenses and other current assets 57,879 67,309
Total current assets 2,617,359 2,273,948
Fixed assets, net 51,487 55,371
Intangible assets, net 402,926 388,753
Goodwill 82,341 82,341
Operating lease ROU assets 74,783 80,053
Deposits and other assets 21,581 18,301
Total assets 3,250,477 2,898,767
Current liabilities:    
Accounts payable and accrued expenses 382,245 381,272
Current portion of long-term debt 55,451 286,631
Deferred revenue 1,192 2,040
Operating lease liabilities- current 11,965 12,484
Finance lease liabilities- current 6,000 3,000
Liability for sale of future royalties- current 314,215 283,000
Total current liabilities 771,068 968,427
Long-term debt 535,519  
Operating lease liabilities- noncurrent 87,533 93,583
Finance lease liabilities- noncurrent   3,000
Liability for sale of future royalties- noncurrent 2,007,219 2,025,366
Other long-term liabilities 14,501 13,704
Total liabilities 3,415,840 3,104,080
Stockholders' deficit:    
Common stock, $0.001 par value. Authorized 250,000,000 shares; issued and outstanding 83,327,286 shares at June 30, 2026. Authorized 250,000,000 shares; issued and outstanding 81,474,366 shares at December 31, 2025. 82 80
Additional paid-in capital 2,712,080 2,748,335
Accumulated other comprehensive income 6,017 10,501
Accumulated deficit (2,883,542) (2,964,229)
Total stockholders' deficit (165,363) (205,313)
Total liabilities and stockholders' deficit $ 3,250,477 $ 2,898,767