SEGMENT INFORMATION (Tables)
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6 Months Ended |
Jun. 30, 2026 |
| Segment Reporting [Abstract] |
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| Schedule of Reportable Segment Information |
The following table includes information about segment revenue, significant segment expenses, and segment measure of profitability: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Total revenues | $ | 989,708 | | | $ | 825,410 | | | $ | 1,755,916 | | | $ | 1,570,555 | | | Less: | | | | | | | | | Cost of sales | 202,795 | | | 150,090 | | | 397,794 | | | 301,648 | | | R&D expenses | | | | | | | | | Research and early pipeline | 85,069 | | | 95,968 | | | 172,360 | | | 186,438 | | | Later-stage clinical programs | 50,295 | | | 13,133 | | | 86,472 | | | 27,424 | | | Marketed products | 71,588 | | | 52,207 | | | 126,916 | | | 106,177 | | | SG&A expenses | | | | | | | | | S&M expenses | 142,186 | | | 122,100 | | | 267,113 | | | 224,631 | | | G&A expenses | 253,363 | | | 110,179 | | | 386,726 | | | 213,764 | | Other segment expense, net (1) | 139,650 | | | 41,201 | | | 168,246 | | | 84,255 | | | Net income | $ | 44,762 | | | $ | 240,532 | | | $ | 150,289 | | | $ | 426,218 | |
(1)Other segment expense, net during the three and six months ended June 30, 2026 and 2025 include intangible asset amortization, interest income and expense, other income, net and income tax expense.
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| Schedule of Disaggregation of Total Net Product Revenues by Product |
The following table presents Total Revenues and disaggregates Net Product Revenues by product. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | VOXZOGO | $ | 252,528 | | | $ | 221,391 | | | $ | 472,408 | | | $ | 435,145 | | | | | | | | | | | Metabolic Conditions (formerly Enzyme Therapies): | | | | | | | | | VIMIZIM | 194,371 | | | 215,424 | | | 404,575 | | | 403,770 | | | NAGLAZYME | 135,255 | | | 128,867 | | | 265,329 | | | 243,157 | | | PALYNZIQ | 135,167 | | | 105,938 | | | 224,725 | | | 199,207 | | GALAFOLD(1) | 105,748 | | | — | | | 105,748 | | | — | | | BRINEURA | 51,370 | | | 48,692 | | | 98,474 | | | 89,054 | | | ALDURAZYME | 43,539 | | | 56,437 | | | 80,281 | | | 105,414 | | POMBILITI + OPFOLDA(1) | 30,258 | | | — | | | 30,258 | | | — | | | | | | | | | | | KUVAN | 24,444 | | | 27,034 | | | 48,324 | | | 52,170 | | | ROCTAVIAN | 11,713 | | | 9,199 | | | 14,349 | | | 19,709 | | | Total net product revenues | 984,393 | | | 812,982 | | | 1,744,471 | | | 1,547,626 | | | Royalty and other revenues | 5,315 | | | 12,428 | | | 11,445 | | | 22,929 | | | Total revenues | $ | 989,708 | | | $ | 825,410 | | | $ | 1,755,916 | | | $ | 1,570,555 | |
(1) The Company commenced recognizing revenue related to GALAFOLD and POMBILITI + OPFOLDA on April 27, 2026 following its acquisition of Amicus. Refer to Note 2 - Acquisitions for additional information.
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| Schedule of Disaggregation of Total Net Product Revenues by Geographic Region |
The table below disaggregates total Net Product Revenues by geographic region, which is based on patient location for the Company's commercial products sold directly by the Company, except for ALDURAZYME, which is distributed, marketed and sold exclusively by Sanofi worldwide. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | United States | $ | 371,074 | | | $ | 272,554 | | | $ | 614,018 | | | $ | 514,248 | | | Europe | 297,498 | | | 243,138 | | | 516,334 | | | 472,716 | | | | | | | | | | | Latin America | 103,917 | | | 98,118 | | | 212,081 | | | 186,400 | | | Rest of world | 168,365 | | | 142,735 | | | 321,757 | | | 268,848 | | | Total net product revenues marketed by the Company | 940,854 | | | 756,545 | | | 1,664,190 | | | 1,442,212 | | | ALDURAZYME net product revenues marketed by Sanofi | 43,539 | | | 56,437 | | | 80,281 | | | 105,414 | | | Total net product revenues | $ | 984,393 | | | $ | 812,982 | | | $ | 1,744,471 | | | $ | 1,547,626 | |
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| Schedule of Total Net Product Revenue Concentrations Attributed to Largest Customers |
The following table illustrates the percentage of the Company’s total Net Product Revenues attributed to the Company’s largest customers for the periods presented. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Customer A | 13 | % | | 15 | % | | 14 | % | | 15 | % | | Customer B | 11 | | | 12 | | | 11 | | | 12 | | | Customer C | 11 | | | 11 | | | 10 | | | 11 | | | | | | | | | | | Total | 35 | % | | 38 | % | | 35 | % | | 38 | % |
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