v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 360,212 $ 285,585
Restricted cash 35 36
Accounts receivable, net 274,469 281,082
Inventories 143,149 143,067
Prepaid expenses and other current assets 31,942 34,216
Investment in equity securities 15,626 9,131
Total Current Assets 825,433 753,117
Non-current Assets    
Property and equipment, net 73,223 62,476
Deferred tax assets, net 71,495 69,072
Intangible assets, net 449,857 479,526
Goodwill 62,480 62,480
Other non-current assets 11,624 13,706
Total Assets 1,494,112 1,440,377
Current Liabilities    
Accounts payable 73,830 62,583
Accrued royalties 55,830 48,497
Accrued compensation and related expenses 27,154 37,897
Accrued government rebates 41,392 43,154
Returned goods reserve 44,013 49,504
Accrued expenses and other 16,575 16,970
Income taxes payable 3,532 2,239
Current debt, net 21,329 17,268
Total Current Liabilities 283,655 278,112
Non-current Liabilities    
Debt, net 280,155 291,840
Convertible notes, net 309,009 307,927
Contingent consideration 8,546 9,610
Other non-current liabilities 15,535 12,164
Total Liabilities 896,900 899,653
Commitments and Contingencies (Note 12)
Stockholders’ Equity    
Common Stock, $0.0001 par value, 66,000,000 shares authorized; 23,853,338 shares issued and 22,961,423 shares outstanding at June 30, 2026; 23,112,577 shares issued and 22,491,281 shares outstanding at December 31, 2025 3 3
Class C Special Stock, $0.0001 par value, 781,281 shares authorized; 10,864 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 0 0
Preferred Stock, $0.0001 par value, 1,666,667 shares authorized; 0 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 0 0
Treasury stock, 891,915 shares of common stock, at cost, at June 30, 2026 and 621,296 shares of common stock, at cost, at December 31, 2025 (53,817) (33,249)
Additional paid-in capital 620,249 596,036
Retained earnings (Accumulated deficit) 31,104 (23,099)
Accumulated other comprehensive (loss) income, net of tax (327) 1,033
Total Stockholders’ Equity 597,212 540,724
Total Liabilities and Stockholders’ Equity $ 1,494,112 $ 1,440,377