v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company’s chief operating decision maker (“CODM”), the Chief Executive Officer, manages the Company’s operations and business as one operating segment and allocates resources to operations of the Company on an entity-wide basis. The CODM assesses performance of the Company and determines resource allocation primarily based on net product sales and income (loss) from operations on a consolidated basis. The CODM uses income (loss) from operations to monitor budget versus actual results and considers any adjustments and actions required for good fiscal management.
The Company’s CODM is regularly provided with entity-wide expense categories similar to those found in the consolidated statements of operations, as well as the following (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenue:
Product sales, net$176,243 $127,785 $336,125 $239,370 
Less:
Cost of sales (excluding intangible amortization)23,663 17,527 45,783 34,651 
General and administrative expenses (excluding stock-based compensation)17,378 13,090 36,553 24,771 
Commercialization and Medical Affairs expenses (excluding stock-based compensation)48,204 39,590 92,422 75,372 
Research and development expenses (excluding stock-based compensation)76,301 38,443 150,022 74,258 
Acquired IPR&D16,435 — 742,737 5,000 
Stock-based compensation30,114 18,230 87,240 33,702 
Intangible amortization6,685 5,894 13,370 11,788 
Loss from operations$(42,537)$(4,989)$(832,002)$(20,172)