v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net loss $ (133,642) $ (79,287)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 783 799
Stock-based compensation 7,009 7,189
Amortization of premiums and accretion of discounts on marketable securities (208) (1,797)
Intangible asset amortization 5,961 5,255
Right-of-use asset amortization 4,050 2,694
Deferred income taxes 0 (21,743)
Other non-cash adjustments, net 1,094 1,583
Changes in operating assets and liabilities:    
Accounts receivable (5,789) (3,388)
Prepaid expenses and other assets (8,741) (6,123)
Inventory 330 (2,186)
Accounts payable and other liabilities 1,685 6,743
Product revenue allowances 17,745 10,236
Net cash used in operating activities (109,723) (80,025)
Cash flows from investing activities    
Acquisition of intangible asset (10,000) 0
Purchases of property and equipment (722) (896)
Purchases of marketable securities 0 (110,347)
Sales and maturities of marketable securities 99,974 161,237
Net cash provided by investing activities 89,252 49,994
Cash flows from financing activities    
Principal payments on finance leases (2,509) (1,351)
Tax obligations paid in connection with settlement of restricted stock units 0 (915)
Net cash used in financing activities (2,509) (2,266)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (42) 3
Net change in cash, cash equivalents and restricted cash (23,022) (32,294)
Cash, cash equivalents and restricted cash    
Beginning of period 85,320 102,785
End of period $ 62,298 $ 70,491