v3.26.1
Segments
6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segments Segments
The Company operates in one reportable segment, which includes all activities related to the development and commercialization of innovative therapies to address high unmet medical needs and improve the lives of patients. The determination of a single reportable segment is consistent with the consolidated financial information regularly provided to the Company’s chief operating decision maker (CODM), which is its president, chief executive officer and chairman of the board,
who reviews and evaluates consolidated net income (loss) for purposes of assessing performance, making operating decisions, allocating resources and planning and forecasting for future periods. The measure of segment assets is reported on the balance sheet as total assets.
The following table presents the segment revenue and significant expense categories included within the product segment’s measure of profit or loss for the three and six months ended June 30, 2026 and 2025:
Three Months EndedSix Months Ended
(in thousands)
June 30,
2026
June 30,
2025
June 30,
2026
June 30,
2025
Revenue
$50,529 $52,590 $102,247 $102,631 
Less:
Cost of goods sold excluding amortization3,560 2,736 6,719 6,257 
Research and development36,953 21,990 65,388 57,702 
Selling, general and administrative71,838 64,616 140,199 114,700 
Intangible asset amortization1,987 1,751 3,974 3,503 
Other income, net
(1,425)(3,616)(3,225)(7,276)
Provision (benefit) for income taxes129 (7,680)272 (15,554)
Net loss
$(62,513)$(27,207)$(111,080)$(56,701)