v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue        
Product revenue, net $ 17,839 $ 15,009 $ 33,760 $ 28,148
Other revenue 879 1,404 996 1,404
Net revenue 18,718 16,413 34,756 29,552
Operating expenses        
Cost of goods - (excluding amortization of acquired intangible assets) 6,143 4,939 12,361 9,729
Amortization of acquired intangible assets 969 1,064 2,095 2,129
Research and development 805 8,126 1,345 12,060
Selling, general and administrative 20,807 38,757 36,699 64,424
Total operating expenses 28,724 52,886 52,500 88,342
Loss from operations (10,006) (36,473) (17,744) (58,790)
Other income (expense)        
Interest income 1,581 622 2,151 1,112
Interest expense and financing fee (1,476) (2,518) (4,845) (5,324)
Gain on sale of priority review voucher, net of expenses     158,873  
Change in fair value of partner company derivative liability     (7,085)  
Gain (loss) on common stock warrant liabilities   (350) 1 (397)
Gain from deconsolidation of subsidiary 82 27,127 82 27,127
Other income (expense) 10,741 (62) 11,783 (73)
Total other income (expense) 10,928 24,819 160,960 22,445
Income (loss) before income tax expense 922 (11,654) 143,216 (36,345)
Income tax expense 320   5,452  
Net income (loss) 602 (11,654) 137,764 (36,345)
Attributable to non-controlling interests (1,070) 27,140 (27,859) 41,247
Net income (loss) attributable to Fortress (468) 15,486 109,905 4,902
Preferred A dividends declared and paid and/or cumulated, and Fortress' share of subsidiary deemed dividends (2,008) (2,131) (4,016) (4,261)
Net income (loss) attributable to common stockholders $ (2,476) $ 13,355 $ 105,889 $ 640
Net income (loss) per common share attributable to common stockholders - basic $ (0.08) $ 0.5 $ 3.34 $ 0.02
Net income (loss) per common share attributable to common stockholders - diluted $ (0.08) $ 0.45 $ 2.86 $ 0.02
Weighted average common shares outstanding - basic 31,791,173 26,879,380 31,666,585 26,679,106
Weighted average common shares outstanding - diluted 31,791,173 29,824,182 37,011,700 29,182,033