v3.25.4

Contract liabilities | 12 Months Ended
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Dec. 31, 2025
Contract liabilities [abstract] |
Schedule of Revenue Attributable to Commercial Customers | Note 15—Contract Liabilities At December 31, 2025, contract liabilities comprise unsatisfied performance obligations related to delivery of commercial supply under one of the Company’s license agreements. Non-current contract liabilities are expected to be recognized as revenue within 1-2 years. Revenue recognized from contract liabilities were €5.9 million, €1.4 million and €13.3 million for the years ended December 31, 2025, 2024 and 2023, respectively.

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