v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 52,929 $ 74,882
Short-term investments 58,201 96,464
Accounts receivable, net 43,207 38,367
Inventory 44,419 35,313
Prepaid expenses and other current assets 46,956 46,553
Total current assets 245,712 291,579
Restricted cash 749 745
Long-term investments   5,012
Property and equipment, net 85,160 82,423
Goodwill 67,595 67,595
Developed technology - on-body infusor 181,389 190,027
IPR&D - ReadyFlow Formulation 129,600 129,600
Other intangible assets 4,976 5,072
Other assets 17,123 20,129
Total assets 732,304 792,182
Current liabilities:    
Accounts payable 11,042 9,034
Accrued expenses and other current liabilities 60,768 64,628
Senior convertible notes - current   36,280
Liability for sale of future royalties - current 14,292 14,298
Contingent consideration - current 34,015 21,132
Financing liability - current 10,486 10,328
Deferred revenue — current 11,085 15,331
Recognized loss on purchase commitments - current 1,210  
Total current liabilities 142,898 171,031
Liability for sale of future royalties - long term 133,552 136,985
Financing liability - long term 92,497 93,092
Deferred revenue — long term 36,857 39,977
Recognized loss on purchase commitments — long term 62,922 65,952
Operating lease liability 9,687 10,689
Contingent consideration - long term   5,114
Milestone liabilities 2,003 2,003
Term loan 319,085 318,361
Total liabilities 799,501 843,204
Commitments and contingencies (Note 15)
Stockholders' deficit:    
Undesignated preferred stock, $0.01 par value - 10,000,000 shares authorized; no shares issued or outstanding as of June 30, 2026 or December 31, 2025
Common stock, $0.01 par value - 800,000,000 shares authorized; 309,911,682 and 307,832,587 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 3,099 3,078
Additional paid-in capital 3,161,330 3,141,741
Accumulated other comprehensive (loss) income (19) 115
Accumulated deficit (3,231,607) (3,195,956)
Total stockholders' deficit (67,197) (51,022)
Total liabilities and stockholders' deficit $ 732,304 $ 792,182