v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 41,276 $ 74,882
Short-term investments 55,333 96,464
Accounts receivable, net 41,034 38,367
Inventory 48,469 35,313
Prepaid expenses and other current assets 54,364 46,553
Total current assets 240,476 291,579
Restricted cash 749 745
Property and equipment, net 86,371 82,423
Goodwill 67,595 67,595
Developed technology - Furoscix 305,877 190,027
IPR&D - ReadyFlow Formulation   129,600
Other intangible assets 4,927 5,072
Other assets 16,621 20,129
Long-term investments   5,012
Total assets 722,616 792,182
Current liabilities:    
Accounts payable 14,383 9,034
Accrued expenses and other current liabilities 59,593 64,628
Liability for sale of future royalties - current 14,573 14,298
Financing liability - current 10,565 10,328
Deferred revenue — current 9,410 15,331
Contingent consideration - current   21,132
Senior convertible notes - current   36,280
Total current liabilities 108,524 171,031
Liability for sale of future royalties - long term 130,026 136,985
Financing liability - long term 92,231 93,092
Deferred revenue — long term 34,809 39,977
Recognized loss on purchase commitments — long term 63,720 65,952
Operating lease liability 9,177 10,689
Milestone liabilities 1,580 2,003
Term loan 319,447 318,361
Other long term liabilities 368  
Contingent consideration - long term   5,114
Total liabilities 759,882 843,204
Commitments and contingencies (Note 15)
Stockholders' deficit:    
Undesignated preferred stock, $0.01 par value - 10,000,000 shares authorized; no shares issued or outstanding as of September 30, 2026 or December 31, 2025
Common stock, $0.01 par value - 800,000,000 shares authorized; 321,633,894 and 307,832,587 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 3,216 3,078
Additional paid-in capital 3,214,437 3,141,741
Accumulated other comprehensive (loss) income (88) 115
Accumulated deficit (3,254,831) (3,195,956)
Total stockholders' deficit (37,266) (51,022)
Total liabilities and stockholders' deficit $ 722,616 $ 792,182