v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,754,340 $ 1,657,250
Marketable debt securities 1,832,915 1,251,234
Accounts receivable, net 1,084,905 777,567
Inventory 105,907 82,719
Prepaid expenses and other current assets 334,597 281,892
Total current assets 5,112,664 4,050,662
Property, plant and equipment, net 614,910 513,147
Operating lease right-of-use assets 177,950 194,916
Deferred tax assets 2,006,669 125,975
Restricted investments 22,172 22,170
Other assets 60,307 59,461
Total assets 7,994,672 4,966,331
Current liabilities:    
Accounts payable 135,399 115,721
Accrued expenses 1,236,289 1,080,197
Operating lease liabilities 46,083 45,518
Deferred revenue 11,669 4,845
Convertible debt 361,529 0
Liabilities related to the sale of future royalties and development funding 272,037 220,068
Total current liabilities 2,063,006 1,466,349
Operating lease liabilities, net of current portion 203,294 225,087
Convertible debt, net of current portion 651,087 1,007,784
Liabilities related to the sale of future royalties and development funding, net of current portion 1,462,828 1,470,341
Other liabilities 10,605 7,594
Total liabilities 4,390,820 4,177,155
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock, $0.01 par value per share, 5,000 shares authorized and no shares issued and outstanding as of September 30, 2026 and December 31, 2025 0 0
Common stock, $0.01 par value per share, 250,000 shares authorized; 133,875 shares issued and outstanding as of September 30, 2026; 132,376 shares issued and outstanding as of December 31, 2025 1,339 1,324
Additional paid-in capital 7,811,878 7,510,473
Accumulated other comprehensive loss (44,661) (20,097)
Accumulated deficit (4,164,704) (6,702,524)
Total stockholders' equity 3,603,852 789,176
Total liabilities and stockholders' equity $ 7,994,672 $ 4,966,331