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Revenue (Tables) | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | Our disaggregated revenues were as follows (in thousands):
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Royalties |  | $ | 570,991 |  |  | $ | 447,865 |  |  | $ | 360,475 |
Product sales, net |  |  |  |  |  |
Proprietary product sales |  | 166,620 |  |  | 130,834 |  |  | 72,849 |
Bulk rHuPH20 sales |  | 86,334 |  |  | 115,442 |  |  | 82,084 |
Device partnered product sales |  | 50,538 |  |  | 54,578 |  |  | 36,097 |
Total product sales, net |  | 303,492 |  |  | 300,854 |  |  | 191,030 |
Revenues under collaborative agreements |  |  |  |  |  |
Upfront license and target nomination fees |  | 27,000 |  |  | 2,000 |  |  | 30,000 |
Event-based development and regulatory milestones and other fees |  | 72,500 |  |  | 69,000 |  |  | 59,000 |
Sales-based milestones |  | 30,000 |  |  | — |  |  | 10,000 |
Device licensing and development revenue |  | 11,341 |  |  | 9,534 |  |  | 9,611 |
Total revenues under collaborative agreements |  | 140,841 |  |  | 80,534 |  |  | 108,611 |
Total revenues |  | $ | 1,015,324 |  |  | $ | 829,253 |  |  | $ | 660,116 |
Schedule of Accounts Receivable, Other Contract Assets and Contract Liabilities | Accounts receivable, net, other contract assets and deferred revenues (contract liabilities) from contracts with customers, including partners, consisted of the following (in thousands):
|  | December 31, 2024 |  | December 31, 2023
Accounts receivable, net |  | $ | 288,204 |  |  | $ | 233,254 |
Other contract assets |  | 20,251 |  |  | 956 |
Deferred revenues |  | 10,343 |  |  | 4,048 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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