v3.26.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 155,548 $ 184,844
Inventories 13,018 15,610
Accounts receivable, net 53,506 47,031
Prepaid expenses and other current assets 7,481 5,470
Total current assets 229,553 252,955
Property and equipment, net 1,514 1,222
Operating right-of-use assets 5,800 3,663
Goodwill 59,044 59,044
Other long-term assets 53,747 59,681
Total assets 349,658 376,565
Current liabilities:    
Accounts payable 9,422 21,185
Accrued expenses and other current liabilities 109,797 121,716
Current portion of deferred revenue 6,169 2,681
Current portion of long-term debt 24,809 0
Working Capital Fund liability, current portion 10,668 17,356
Total current liabilities 160,865 162,938
Long-term operating lease liabilities 4,400 0
Long-term debt, net of current portion 24,754 48,250
Liability related to settlement royalties, net of current portion 60,848 54,750
Liability related to sale of future royalties, net of current portion 50,034 50,608
Working Capital Fund liability, net of current portion 21,219 22,606
Warrant liability 1,958 2,980
Other long-term liabilities 562 1,823
Total liabilities 324,640 343,955
Commitments and contingencies (Note 10)
Stockholders' equity:    
Preferred stock $0.00001 par value; 25,000,000 shares authorized at June 30, 2026 and December 31, 2025; no shares issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock $0.00001 par value; 500,000,000 and 350,000,000 shares authorized at June 30, 2026 and December 31, 2025, respectively; 271,742,717 and 265,424,818 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 2 2
Additional paid-in capital 1,726,677 1,716,307
Accumulated other comprehensive income 6 6
Accumulated deficit (1,701,667) (1,683,705)
Total stockholders' equity 25,018 32,610
Total liabilities and stockholders' equity $ 349,658 $ 376,565