v3.26.1
Revenues (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Summary of Revenues by Collaboration, Category of Revenue and Method of Recognition
The following table summarizes our revenues by collaboration, category of revenue, and the method of recognition (in millions):
Three Months Ended June 30,Six Months Ended June 30,
Over timePoint in time2026202520262025
Gilead Collaboration
License and development services*$8 $152 $15 $172 
R&D services*4 2 6 5 
Access rights*21 6 24 11 
Other*— — 3 — 
Taiho Collaboration
License and development services*4 — 6 — 
License*4 — 4 — 
Total revenues$41 $160 $58 $188 
Total revenues from collaborations$8 $152 $18 $172 
Total revenues from a customer$33 $8 $40 $16 
Summary of Revenue Recognized as a Result of Changes in Deferred Revenue
The following table summarizes the revenue recognized as a result of changes in the deferred revenue balance (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenue recognized from amounts in deferred revenue at the beginning of the period$35 $160 $52 $188 
Summary of Transaction Price and Allocation of Transaction Price to the Performance Obligations
The following table summarizes the allocation of the updated transaction price to the remaining unsatisfied and partially satisfied performance obligations (in millions):
Allocation to performance obligationsDistinctCombinedAmount
License and development services*$192 
Development services*17 
Access right and option continuation periods*30 
Rights to certain studies*17 
Total transaction price$256 
The following table summarizes the allocation of the initial transaction price of $15 million to the performance obligations (in millions):
Allocation to performance obligationsDistinctCombinedAmount
License*$7 
R&D services*8 
Total transaction price$15