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SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Reportable Segment Information | The following table includes information about segment revenue, significant segment expenses, and segment measure of profitability:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Total revenues | $ | 825,410 |  |  | $ | 712,029 |  |  | $ | 1,570,555 |  |  | $ | 1,360,862 |
Less: |  |  |  |  |  |  |
Cost of sales | 150,090 |  |  | 130,459 |  |  | 301,648 |  |  | 255,639 |
R&D expenses |  |  |  |  |  |  |
Research and early pipeline | 95,968 |  |  | 106,063 |  |  | 186,438 |  |  | 226,455 |
Later-stage clinical programs | 13,133 |  |  | 7,714 |  |  | 27,424 |  |  | 7,714 |
Marketed products | 52,207 |  |  | 70,010 |  |  | 106,177 |  |  | 154,605 |
SG&A expenses |  |  |  |  |  |  |
S&M expenses | 122,100 |  |  | 122,798 |  |  | 224,631 |  |  | 242,158 |
G&A expenses | 110,179 |  |  | 140,234 |  |  | 213,764 |  |  | 246,780 |
Other segment expense, net (1) | 41,201 |  |  | 27,577 |  |  | 84,255 |  |  | 31,675 |
Net income | $ | 240,532 |  |  | $ | 107,174 |  |  | $ | 426,218 |  |  | $ | 195,836 |
(1)Other segment expense, net during the three months ended June 30, 2025 and 2024 include intangible asset amortization, interest income and expense, other income (expense) and income tax expense.
Schedule of Disaggregation of Total Net Product Revenues by Product | The following table presents Total Revenues and disaggregates Net Product Revenues by product.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
VOXZOGO | $ | 221,391 |  |  | $ | 183,923 |  |  | $ | 435,145 |  |  | $ | 336,812 |
VIMIZIM | 215,424 |  |  | 178,016 |  |  | 403,770 |  |  | 370,536 |
NAGLAZYME | 128,867 |  |  | 132,049 |  |  | 243,157 |  |  | 237,678 |
PALYNZIQ | 105,938 |  |  | 88,291 |  |  | 199,207 |  |  | 164,000 |
ALDURAZYME | 56,437 |  |  | 38,558 |  |  | 105,414 |  |  | 73,820 |
BRINEURA | 48,692 |  |  | 45,309 |  |  | 89,054 |  |  | 84,356 |
KUVAN | 27,034 |  |  | 28,551 |  |  | 52,170 |  |  | 64,461 |
ROCTAVIAN | 9,199 |  |  | 7,432 |  |  | 19,709 |  |  | 8,281 |
Total net product revenues | 812,982 |  |  | 702,129 |  |  | 1,547,626 |  |  | 1,339,944 |
Royalty and other revenues | 12,428 |  |  | 9,900 |  |  | 22,929 |  |  | 20,918 |
Total revenues | $ | 825,410 |  |  | $ | 712,029 |  |  | $ | 1,570,555 |  |  | $ | 1,360,862 |
Schedule of Disaggregation of Total Net Product Revenues by Geographic Region | The table below disaggregates total Net Product Revenues by geographic region, which is based on patient location for the Company's commercial products sold directly by the Company, except for ALDURAZYME, which is distributed, marketed and sold exclusively by Sanofi worldwide.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
United States | $ | 272,554 |  |  | $ | 227,449 |  |  | $ | 514,248 |  |  | $ | 420,448 |
Europe | 243,138 |  |  | 220,990 |  |  | 472,716 |  |  | 416,738 |
Latin America | 98,118 |  |  | 84,418 |  |  | 186,400 |  |  | 163,012 |
Rest of world | 142,735 |  |  | 130,714 |  |  | 268,848 |  |  | 265,926 |
Total net product revenues marketed by the Company | $ | 756,545 |  |  | $ | 663,571 |  |  | $ | 1,442,212 |  |  | $ | 1,266,124 |
ALDURAZYME net product revenues marketed by Sanofi | 56,437 |  |  | 38,558 |  |  | 105,414 |  |  | 73,820 |
Total net product revenues | $ | 812,982 |  |  | $ | 702,129 |  |  | $ | 1,547,626 |  |  | $ | 1,339,944 |
Schedule of Total Net Product Revenue Concentrations Attributed to Largest Customers | The following table illustrates the percentage of the Company’s total Net Product Revenues attributed to the Company’s largest customers for the periods presented.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Customer A | 15 | % |  | 14 | % |  | 15 | % |  | 14 | %
Customer B | 12 |  |  | 11 |  |  | 12 |  |  | 11 |
Customer C | 11 |  |  | 10 |  |  | 11 |  |  | 9 |
Total | 38 | % |  | 35 | % |  | 38 | % |  | 34 | %

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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 + Details
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