v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,708,318 $ 1,657,250
Marketable debt securities 1,599,829 1,251,234
Accounts receivable, net 912,739 777,567
Inventory 97,110 82,719
Prepaid expenses and other current assets 302,176 281,892
Total current assets 4,620,172 4,050,662
Property, plant and equipment, net 554,143 513,147
Operating lease right-of-use assets 183,359 194,916
Deferred tax assets 113,792 125,975
Restricted investments 22,171 22,170
Other assets 65,132 59,461
Total assets 5,558,769 4,966,331
Current liabilities:    
Accounts payable 108,016 115,721
Accrued expenses 1,095,980 1,080,197
Operating lease liabilities 45,933 45,518
Deferred revenue 4,014 4,845
Liabilities related to the sale of future royalties and development funding 258,570 220,068
Total current liabilities 1,512,513 1,466,349
Operating lease liabilities, net of current portion 210,495 225,087
Convertible debt 1,010,981 1,007,784
Liabilities related to the sale of future royalties and development funding, net of current portion 1,461,510 1,470,341
Other liabilities 9,152 7,594
Total liabilities 4,204,651 4,177,155
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock, $0.01 par value per share, 5,000 shares authorized and no shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, $0.01 par value per share, 250,000 shares authorized; 133,734 shares issued and outstanding as of June 30, 2026; 132,376 shares issued and outstanding as of December 31, 2025 1,337 1,324
Additional paid-in capital 7,716,958 7,510,473
Accumulated other comprehensive loss (32,138) (20,097)
Accumulated deficit (6,332,039) (6,702,524)
Total stockholders' equity 1,354,118 789,176
Total liabilities and stockholders' equity $ 5,558,769 $ 4,966,331