v3.26.1
Equity Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Plans
Our stock option activity during the six months ended June 30, 2026 was as follows:
Options
Outstanding
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Term
(in years)
Aggregate
Intrinsic
Value
(000’s)
Balance at December 31, 202513,631,074$29.54 
Granted2,061,977$43.03 
Exercised(629,013)$23.27 
Forfeited and expired(535,854)$39.31 
Balance at June 30, 202614,528,184$31.37 7.0$126,176 
Exercisable at June 30, 20268,677,703$26.64 6.0$107,911 
Schedule of Restricted Stock Units
Our RSU activity during the six months ended June 30, 2026, was as follows:
Restricted Stock
Units
Outstanding
Weighted-Average
Grant Date
Fair Value
Balance at December 31, 20252,321,732 $35.23 
Granted1,352,622 $42.92 
Vested(682,005)$33.33 
Forfeited(201,352)$37.67 
Balance at June 30, 20262,790,997 $39.24 
Schedule of Stock-Based Compensation Expense
Stock-based compensation expense for all equity awards is reported in the condensed consolidated statements of operations and comprehensive income (loss) as follows:
Three months ended June 30,Six months ended June 30,
2026202520262025
Research and development$14,004 $13,099 $33,332 $24,918 
Selling, general and administrative10,877 13,025 21,229 21,684 
Total stock-based compensation expense (exclusive of capitalized stock-based compensation expense)24,881 26,124 54,561 46,602 
Capitalized stock-based compensation expense66 — 200 — 
Total stock-based compensation expense$24,947 $26,124 $54,761 $46,602 
Schedule of Unrecognized Stock-Based Compensation Expense
A summary of our total unrecognized stock-based compensation expense, as of June 30, 2026, is as follows:
Unrecognized Stock-Based
Compensation Expense
Average Remaining
Vesting Period
(in years)
Stock option awards$136,699 2.5
RSU awards$97,548 3.0
ESPP$3,770 1.0