v3.25.4
INCOME TAXES - Schedule of Components of Net Deferred Tax (Liability) Asset (Detail) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Net operating loss carryforwards $ 987,117 $ 882,569
Research and development and other credit carryforwards 452,264 391,642
Liabilities related to the sale of future royalties and development funding 426,826 378,657
Change in fair value of development derivative liability 0 107,797
Operating lease liabilities 60,102 60,313
Deferred revenue 1,223 14,515
Deferred compensation 69,981 62,110
Intangible assets 593,725 634,323
Capitalized research and development expenditures 235,622 349,279
Other 90,623 86,425
Total deferred tax assets 2,917,483 2,967,630
Deferred tax liabilities:    
Property, plant and equipment, net (17,367) (18,596)
Unrealized gain on marketable securities 0 (2,042)
Operating lease right-of-use assets (41,812) (41,196)
Deferred tax asset valuation allowance (2,732,329) (2,788,933)
Net deferred tax assets $ 125,975 $ 116,863