INVENTORY (Tables)

6 Months Ended

Jun. 30, 2026

Inventory Disclosure [Abstract]

Schedule of components of inventory

The following table summarizes the components of the Company’s inventory for each of the periods indicated:


		As of June 30, 2026				As of December 31, 2025
		(in thousands)
Raw materials		$	127,780			$	141,278
Work in progress			946,651				892,689
Finished goods			56,175				65,320
Total inventory		$	1,130,606			$	1,099,287

For the three and six months ended June 30, 2026, inventory losses for write-downs totaled $11.6 million related to obsolete ELEVIDYS inventory on hand as of June 30, 2026. There were no inventory losses for write-downs of excess and obsolete inventory for the three and six months ended June 30, 2025.

Summary Of Inventory Balance Sheet Classification

The following table summarizes the balance sheet classification of the Company's inventory for each of the periods indicated:


		As of June 30, 2026				As of December 31, 2025
		(in thousands)
Balance sheet classification:
Inventory		$	904,273			$	914,744
Non-current inventory			226,333				184,543
Total inventory		$	1,130,606			$	1,099,287