v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Total revenues $ 109,374 $ 76,527 $ 199,544 $ 154,881
Expenses:        
Cost of goods sold - commercial, excluding amortization of acquired intangible assets 14,409 4,607 21,917 8,375
Research and development 18,001 13,675 35,232 24,697
Selling, general and administrative 58,302 31,622 112,389 56,636
Amortization of acquired intangible assets 4,367   8,734  
(Gain) loss on foreign currency transaction (486) 5,363 (1,804) 7,872
Total expenses 109,724 71,228 201,562 127,289
(Loss) income from operations (350) 5,299 (2,018) 27,592
Other income (expense):        
Interest income, net 1,022 1,832 2,452 3,788
Interest expense (11,894) (285) (19,372) (4,930)
Interest expense on liability for sale of future royalties (510) (3,473) (3,073) (7,050)
Interest expense on financing liability (2,414) (2,433) (4,807) (4,843)
Loss on settlement of debt     (917)  
Other expense (4,992)   (7,769)  
Total other expense (18,788) (4,359) (33,486) (13,035)
(Loss) income before income tax expense (19,138) 940 (35,504) 14,557
Income tax (benefit) expense (106) 272 147 731
Net (loss) income $ (19,032) $ 668 $ (35,651) $ 13,826
Net (loss) income per share - basic $ (0.06) $ 0 $ (0.12) $ 0.05
Net (loss) income per share - diluted $ (0.06) $ 0 $ (0.12) $ 0.04
Weighted average shares used to compute net (loss) income per share - basic 309,191 304,954 308,732 304,222
Weighted average shares used to compute net (loss) income per share - diluted 309,191 311,484 308,732 312,381
Commercial product sales        
Revenues:        
Total revenues $ 41,982 $ 22,454 $ 75,889 $ 41,427
Collaborations and services        
Revenues:        
Total revenues 35,022 22,845 58,536 52,221
Expenses:        
Cost of revenue 15,131 15,961 25,094 29,709
Royalties        
Revenues:        
Total revenues $ 32,370 $ 31,228 $ 65,119 $ 61,233