| Summary of Disaggregation of Revenue |
The following table presents revenue (in thousands) for the three and six months ended June 30, 2026 and 2025, disaggregated by geographic region and revenue type. Revenue by geographic region is allocated based on the domicile of our respective business operations.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2026 |
|
|
|
United States |
|
|
Rest of World |
|
|
Total |
|
Revenue Type |
|
|
|
|
|
|
|
|
|
Pre-commercial product revenue |
|
$ |
6,372 |
|
|
$ |
— |
|
|
$ |
6,372 |
|
Non-cash royalties |
|
|
28,146 |
|
|
|
— |
|
|
|
28,146 |
|
|
|
$ |
34,518 |
|
|
$ |
— |
|
|
$ |
34,518 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2025 |
|
Revenue Type |
|
|
|
|
|
|
|
|
|
Research and development |
|
$ |
334 |
|
|
$ |
— |
|
|
$ |
334 |
|
Other services |
|
$ |
— |
|
|
$ |
526 |
|
|
$ |
526 |
|
Non-cash royalties |
|
|
24,831 |
|
|
|
— |
|
|
|
24,831 |
|
|
|
$ |
25,165 |
|
|
$ |
526 |
|
|
$ |
25,691 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2026 |
|
|
|
United States |
|
|
Rest of World |
|
|
Total |
|
Revenue Type |
|
|
|
|
|
|
|
|
|
Pre-commercial product revenue |
|
$ |
10,963 |
|
|
$ |
— |
|
|
$ |
10,963 |
|
Non-cash royalties |
|
|
57,291 |
|
|
|
— |
|
|
|
57,291 |
|
|
|
$ |
68,254 |
|
|
$ |
— |
|
|
$ |
68,254 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2025 |
|
Revenue Type |
|
|
|
|
|
|
|
|
|
Research and development |
|
$ |
334 |
|
|
$ |
— |
|
|
$ |
334 |
|
Other services |
|
|
— |
|
|
|
1,036 |
|
|
|
1,036 |
|
Non-cash royalties |
|
|
48,387 |
|
|
|
— |
|
|
|
48,387 |
|
|
|
$ |
48,721 |
|
|
$ |
1,036 |
|
|
$ |
49,757 |
|
|
| Schedule of Information about Contract Assets and Contract Liabilities from Contracts with Customers and Accrued Rebates |
The following table provides information about contract liabilities from contracts with customers and accrued rebates (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2026 |
|
Balance at beginning of period |
|
|
Additions |
|
|
Deductions |
|
|
Balance at end of period |
|
Contract liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Deferred revenue |
|
$ |
1,143 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pre-commercial product rebates: |
|
|
|
|
|
|
|
|
|
|
|
|
Accrued rebates |
|
$ |
- |
|
|
$ |
3,835 |
|
|
$ |
(377 |
) |
|
$ |
3,458 |
|
|