v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 171,414 $ 104,132
Marketable securities - Available-for-sale debt securities 30,216 196,578
Restricted cash 1,496 1,503
Accounts receivable, net 44,392 24,024
Inventories, net 33,431 33,209
Prepaid expenses and other current assets 55,142 76,469
Total current assets 336,091 435,915
Non-current assets:    
Property and equipment, net 60,523 63,563
Intangible assets, net 18,532 19,809
Prepaid expenses and other non-current assets 165 249
Operating lease right-of-use assets, net 74,111 64,940
Long-term deposits 1,016 1,032
Deferred tax asset 2,788 3,560
Total assets 493,226 589,068
Current liabilities:    
Accounts payable 1,366 3,083
Accrued expenses and other liabilities 48,735 55,792
Operating lease liabilities, current 5,789 4,565
Liabilities related to future royalties and milestones, net - current 12,900 10,000
Total current liabilities 68,790 73,440
Non-current liabilities:    
Operating lease liabilities, non-current 77,723 66,822
Liabilities related to future royalties and milestones, net - non-current 271,400 270,200
Other long-term payables 474 477
Total liabilities 418,387 410,939
Commitments and contingencies
Shareholders’ equity:    
Additional paid-in capital 1,578,271 1,570,107
Accumulated other comprehensive loss (6,101) (5,356)
Accumulated deficit (1,497,461) (1,386,752)
Total shareholders’ equity 74,839 178,129
Total liabilities and shareholders’ equity 493,226 589,068
Ordinary Shares    
Shareholders’ equity:    
Ordinary and deferred shares, value 12 12
Deferred Shares    
Shareholders’ equity:    
Ordinary and deferred shares, value 0 0
Deferred Class B Shares    
Shareholders’ equity:    
Ordinary and deferred shares, value 118 118
Deferred Class C Shares    
Shareholders’ equity:    
Ordinary and deferred shares, value $ 0 $ 0