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Revenue (Tables) | 3 Months Ended
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Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | Our disaggregated revenues were as follows (in thousands):
|  | Three Months Ended |  |
|  | March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
Royalties |  | $ | 168,192 |  |  | $ | 120,593 |  |  |  |  |
Product sales, net |  |  |  |  |  |  |  |
Proprietary product sales |  | 36,341 |  |  | 35,254 |  |  |  |  |
Bulk rHuPH20 sales |  | 27,025 |  |  | 10,511 |  |  |  |  |
Device partnered product sales |  | 14,675 |  |  | 12,818 |  |  |  |  |
Total product sales, net |  | 78,041 |  |  | 58,583 |  |  |  |  |
Revenues under collaborative agreements |  |  |  |  |  |  |  |
Upfront license and target nomination fees |  | 220 |  |  | — |  |  |  |  |
Event-based development and regulatory milestones and other fees |  | — |  |  | 14,000 |  |  |  |  |
Sales-based milestones |  | 15,000 |  |  | — |  |  |  |  |
Device licensing and development revenue |  | 3,408 |  |  | 2,703 |  |  |  |  |
Total revenues under collaborative agreements |  | 18,628 |  |  | 16,703 |  |  |  |  |
Total revenues |  | $ | 264,861 |  |  | $ | 195,879 |  |  |  |  |
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):
|  | March 31, 2025 |  | December 31, 2024
Accounts receivable, net |  | $ | 304,025 |  |  | $ | 288,204 |
Other contract assets |  | 596 |  |  | 20,251 |
Deferred revenues |  | 9,214 |  |  | 10,343 |

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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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