v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (58,874) $ 21,811
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Stock-based compensation 23,125 17,223
Interest on liability for sale of future royalties 3,574 10,564
Sold portion of royalty revenue (10,258) (9,455)
Write-off of inventory 3,045 8,335
Noncash lease expense of right-of-use assets 1,424 1,815
Depreciation and amortization 20,013 6,254
(Gain) loss on foreign currency transactions (2,195) 7,752
Impairment loss on available-for-sale investment   6,409
Net accretion of investments (611) (2,245)
Change in fair value of contingent consideration liability 18,513  
Amortization of debt discount and issuance costs 1,278 376
Loss on settlement of debt 917  
Other, net (58)  
Changes in operating assets and liabilities:    
Accounts receivable, net (2,607) (5,579)
Inventory (16,201) (7,421)
Prepaid expenses and other current assets (7,812) (12,360)
Other assets 2,084 (1,526)
Accounts payable 5,312 477
Accrued expenses and other current liabilities (3,399) (10,094)
Deferred revenue (11,089) (5,250)
Operating lease liabilities (2,581) (873)
Contingent consideration liability (21,885)  
Net cash (used in) provided by operating activities (58,285) 26,213
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of available-for-sale securities 90,329 143,812
Purchase of available-for-sale securities (43,778) (144,080)
Purchase of property and equipment (10,169) (2,572)
Issuance of note receivable   (10,000)
Net cash provided by (used in) investing activities 36,382 (12,840)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock and pre-funded warrants pursuant to private placement offering, net of issuance costs 49,815  
Proceeds from term loan   75,000
Payment of loan issuance costs   (2,347)
Principal payments on senior convertible notes (35,502)  
Net payments related to issuance of common stock associated with restricted stock units and stock options (3,753) (5,136)
Milestone payment (521) (639)
Payment of contingent consideration (22,874)  
Principal payments on financing liability (776) (530)
Proceeds from market price stock purchase plan and employee stock purchase plan 1,912 1,338
Net cash (used in) provided by financing activities (11,699) 67,686
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (33,602) 81,059
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 75,627 47,076
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 42,025 128,135
SUPPLEMENTAL CASH FLOWS DISCLOSURES:    
Interest paid in cash 24,011 5,569
Income taxes paid in cash 840 1,156
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock upon settlement of senior convertible notes 1,735  
Amortization of liability for sale of future royalties 6,855 937
Non-cash construction-in-progress, property and equipment $ (102) $ 825