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Segment Reporting and Disaggregation of Relevant Expense Captions (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents information about reported segment revenues, segment profit, and significant segment expenses.

									Three Months Ended March 31,
(in millions)															2025						2024
Revenues:
INGREZZA net product sales															$	545.2					$	506.0
CRENESSITY net product sales															14.5						—
Other revenues (1)															12.9						9.3
Total revenues															572.6						515.3
Less:
Cost of revenues															9.2						7.5
Research and development:
External research and development															107.9						77.6
Payroll and benefits															75.0						57.6
Milestones															45.4						6.1
Other research and development (2)															34.9						18.1
Total research and development															263.2						159.4
Acquired in-process research and development															0.1						6.0
Selling, general, and administrative															276.5						243.1
Unrealized loss (gain) on equity investments															30.6						(1.6)
Charges associated with convertible senior notes															—						88.7
Interest income and other, net															(21.7)						(22.3)
Provision for (Benefit from) income taxes															6.8						(8.9)
Net income															$	7.9					$	43.4

_________________________

(1) Other revenues primarily consist of net product sales for ALKINDI and EFMODY and royalties earned on AbbVie net sales of elagolix and MTPC net sales of valbenazine.

(2) Other research and development consists of indirect costs incurred for the benefit of multiple research and development programs, including facility-based expenses (such as rent expense) and other overhead allocations.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

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