v3.26.1
Consolidated Statements of Comprehensive Loss (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Statement of Comprehensive Income [Abstract]        
Product revenues, net $ 425,486 $ 107,415 $ 731,450 $ 200,238
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Product [Member] Product [Member] Product [Member] Product [Member]
Operating expenses:        
Cost of product revenues (excluding amortization of intangible assets) $ 67,212 $ 28,075 $ 114,632 $ 49,353
Cost, Product and Service [Extensible Enumeration] Product [Member] Product [Member] Product [Member] Product [Member]
Research and development $ 210,034 $ 177,190 $ 419,519 $ 329,767
Selling, general and administrative 247,467 154,763 494,726 302,308
Amortization of intangible assets 2,081 1,263 4,162 2,526
Change in fair value of contingent consideration (99,760) 59,000 (146,721) 77,300
Total operating expenses 427,034 420,291 886,318 761,254
Operating loss (1,548) (312,876) (154,868) (561,016)
Investment income 10,979 13,225 23,019 27,131
Interest expense (20,273) (21,245) (40,355) (42,814)
Other (expense) income, net (531) 453 (1,267) 585
Loss before income taxes (11,373) (320,443) (173,471) (576,114)
Provision for income taxes 1,869 1,243 3,334 2,155
Net loss $ (13,242) $ (321,686) $ (176,805) $ (578,269)
Basic net loss per share (in dollars per share) $ (0.06) $ (1.70) $ (0.82) $ (3.12)
Diluted net loss per share (in dollars per share) $ (0.06) $ (1.70) $ (0.82) $ (3.12)
Weighted average basic common shares outstanding (in shares) 217,352 189,302 216,415 185,104
Weighted average diluted common shares outstanding (in shares) 217,352 189,302 216,415 185,104
Net loss $ (13,242) $ (321,686) $ (176,805) $ (578,269)
Other comprehensive income (loss):        
Foreign currency translation (losses) gains (2,906) 2,656 (3,574) 4,484
Unrealized loss on marketable securities (471) (22) (1,260) (463)
Total comprehensive loss $ (16,619) $ (319,052) $ (181,639) $ (574,248)