v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 55,882 $ 84,851
Marketable securities 114,147 178,996
Accounts receivable, net 59,692 54,578
Inventory 1,678 1,852
Prepaid expenses and other current assets 33,085 26,985
Total current assets 264,484 347,262
Property and equipment, net 2,578 2,248
Operating lease right-of-use assets 14,598 3,923
Finance lease right-of-use assets 6,772 7,343
Intangible assets, net 113,115 117,089
Non-current inventory and other 10,920 11,083
Total assets 412,467 488,948
Current liabilities:    
Accounts payable and accrued liabilities 69,994 68,297
Product revenue allowances 94,032 76,865
Total current liabilities 164,026 145,162
Operating lease non-current liabilities 15,027 2,991
Finance lease non-current liabilities 3,175 4,076
Other non-current liabilities 10,054 9,533
Total liabilities 192,282 161,762
Commitments and contingencies (Notes 8 and 14)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 20,000,000 shares authorized, and no shares issued or outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value; 150,000,000 shares authorized; 60,454,687 and 59,101,630 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 60 59
Additional paid-in capital 725,933 721,264
Accumulated other comprehensive income 38 629
Accumulated deficit (505,846) (394,766)
Total stockholders’ equity 220,185 327,186
Total liabilities and stockholders’ equity $ 412,467 $ 488,948