v3.26.1
INVENTORY
 6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
INVENTORY INVENTORY
Inventory consisted of the following:
(in thousands)June 30, 2026December 31, 2025
Raw materials$38,554 $28,009 
Work in process87,037 88,259 
Finished goods13,394 6,839 
Total$138,985 $123,107 
Reported as
Inventory$25,858 $17,735 
Inventory, non-current113,127 105,372 
Total$138,985 $123,107 
Prepaid commercial manufacturing with third-party CMOs not included in inventory was $23.2 million and $14.5 million as of June 30, 2026 and December 31, 2025, respectively. There were $8.5 million prepayments expected to be converted into inventory after 12 months as of June 30, 2026, compared to none as of December 31, 2025.