REVENUE (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| REVENUE |
|
| Schedule of disaggregation of revenue |
Net revenue for the periods presented represents sales of Amtagvi® and Proleukin® as follows (in thousands): | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Amtagvi® | | $ | 90,721 | | $ | 54,074 | | $ | 150,943 | | $ | 97,645 | Proleukin® | | | 8,592 | | | 5,878 | | | 19,800 | | | 11,631 | Total net revenue | | $ | 99,313 | | $ | 59,952 | | $ | 170,743 | | $ | 109,276 |
Consolidated net product revenue by geographic area for the periods presented is as follows (in thousands): | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | United States | | $ | 98,967 | | $ | 58,605 | | $ | 169,439 | | $ | 107,125 | Rest of world | | | 346 | | | 1,347 | | | 1,304 | | | 2,151 | Net revenue | | $ | 99,313 | | $ | 59,952 | | $ | 170,743 | | $ | 109,276 |
|
| Schedule of GTN adjustments recorded in revenue |
Revenue from product sales was recorded net of GTN adjustments. The following table summarizes GTN adjustments for the periods presented (in thousands): | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Gross revenue | | $ | 100,663 | | $ | 60,866 | | $ | 173,206 | | $ | 110,519 | GTN adjustments: | | | | | | | | | | | | | Government rebates and chargebacks | | | (152) | | | (152) | | | (303) | | | (297) | Wholesaler fees and cash discounts | | | (849) | | | (618) | | | (1,572) | | | (787) | Other rebates, returns, discounts and adjustments | | | (349) | | | (144) | | | (588) | | | (159) | Total GTN adjustments | | | (1,350) | | | (914) | | | (2,463) | | | (1,243) | Net revenue | | $ | 99,313 | | $ | 59,952 | | $ | 170,743 | | $ | 109,276 |
|
| Schedule of the amount and percentage of gross revenue attributable to customers that represented more than 10% of the Company's gross revenue and all other customers as a group |
The following table summarizes the amount and percentage of gross revenue attributable to customers that represented more than 10% of the Company’s gross revenue and all other customers as a group for the three and six months ended June 30, 2026 and 2025, respectively (in thousands, except percentages): | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, 2026 | | June 30, 2026 | | | $ | | % | | $ | | % | Customer A | | $ | * | | 0% | | $ | * | | 0% | Other customers | | | 100,663 | | 100% | | | 173,206 | | 100% | Gross revenue | | $ | 100,663 | | 100% | | $ | 173,206 | | 100% | GTN adjustments | | | (1,350) | | | | | (2,463) | | | Net revenue | | $ | 99,313 | | | | $ | 170,743 | | | * Represents customer below 10% | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, 2025 | | June 30, 2025 | | | $ | | % | | $ | | % | Customer A | | $ | 6,556 | | 11% | | $ | * | | 0% | Other customers | | | 54,310 | | 89% | | | 110,519 | | 100% | Gross revenue | | $ | 60,866 | | 100% | | $ | 110,519 | | 100% | GTN adjustments | | | (914) | | | | | (1,243) | | | Net revenue | | $ | 59,952 | | | | $ | 109,276 | | | * Represents customer below 10% | | | | | | | | | | |
|