v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 508,894 $ 984,648
Marketable securities 1,619,024 960,723
Trade and royalty receivables, net 238,069 181,621
Inventory, net 109,332 79,647
Prepaid expenses and other current assets 62,465 67,309
Total current assets 2,537,784 2,273,948
Fixed assets, net 49,325 55,371
Intangible assets, net 443,686 388,753
Goodwill 82,341 82,341
Operating lease ROU assets 72,953 80,053
Deposits and other assets 21,626 18,301
Total assets 3,207,715 2,898,767
Current liabilities:    
Accounts payable and accrued expenses 440,811 381,272
Current portion of long-term debt   286,631
Deferred revenue 1,975 2,040
Operating lease liabilities- current 11,212 12,484
Finance lease liabilities- current 3,000 3,000
Liability for sale of future royalties- current 319,078 283,000
Total current liabilities 776,076 968,427
Long-term debt 536,268  
Operating lease liabilities- noncurrent 85,554 93,583
Finance lease liabilities- noncurrent   3,000
Liability for sale of future royalties- noncurrent 1,986,525 2,025,366
Other long-term liabilities 14,501 13,704
Total liabilities 3,398,924 3,104,080
Stockholders' deficit:    
Common stock, $0.001 par value. Authorized 250,000,000 shares; issued and outstanding 83,535,767 shares at September 30, 2026. Authorized 250,000,000 shares; issued and outstanding 81,474,366 shares at December 31, 2025. 82 80
Additional paid-in capital 2,741,391 2,748,335
Accumulated other comprehensive income 2,553 10,501
Accumulated deficit (2,935,235) (2,964,229)
Total stockholders' deficit (191,209) (205,313)
Total liabilities and stockholders' deficit $ 3,207,715 $ 2,898,767