v3.26.1
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Total revenues $ 120,877 $ 97,662 $ 215,350 $ 171,776
Costs and operating expenses        
Cost of sales 5,759 12,403 10,570 24,706
Research and development 26,103 15,666 46,291 30,604
Selling, general and administrative 101,440 83,988 203,707 167,210
Total costs and operating expenses 133,302 112,057 260,568 222,520
Loss from operations (12,425) (14,395) (45,218) (50,744)
Interest expense (4,957) (4,356) (10,556) (8,547)
Non-cash interest expense related to the sale of future royalties (1,267) (2,219) (2,584) (4,290)
Other income, net 2,038 1,892 4,150 4,218
Loss before provision for income taxes (16,611) (19,078) (54,208) (59,363)
Provision for income taxes 110 1 118 860
Net loss $ (16,721) $ (19,079) $ (54,326) $ (60,223)
Net loss per share of common stock - basic (in dollars per share) $ (0.07) $ (0.08) $ (0.22) $ (0.25)
Net loss per share of common stock - diluted (in dollars per share) $ (0.07) $ (0.08) $ (0.22) $ (0.25)
Shares used in computing net loss per share - basic (in shares) 248,067,253 239,928,570 246,967,275 239,279,962
Shares used in computing net loss per share - diluted (in shares) 248,067,253 239,928,570 246,967,275 239,279,962
Comprehensive loss        
Net loss $ (16,721) $ (19,079) $ (54,326) $ (60,223)
Unrealized losses on available-for-sale securities (69) (56) (391) (95)
Comprehensive loss (16,790) (19,135) (54,717) (60,318)
Product sales, net        
Revenues        
Total revenues 118,129 90,077 211,502 157,891
Product supply revenue        
Revenues        
Total revenues 1,976 6,185 2,330 6,439
Licensing revenue        
Revenues        
Total revenues 96 20 147 5,040
Non-cash royalty revenue related to the sale of future royalties        
Revenues        
Total revenues $ 676 $ 1,380 $ 1,371 $ 2,406