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Revenue (Tables) | 6 Months Ended
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Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | Our disaggregated revenues were as follows (in thousands):
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Royalties |  | $ | 205,639 |  |  | $ | 124,918 |  |  | $ | 373,831 |  |  | $ | 245,511 |
Product sales, net |  |  |  |  |  |  |  |
Proprietary product sales |  | 46,452 |  |  | 44,139 |  |  | 82,793 |  |  | 79,394 |
Bulk rHuPH20 sales |  | 23,271 |  |  | 24,634 |  |  | 50,296 |  |  | 35,144 |
Device partnered product sales |  | 11,787 |  |  | 10,113 |  |  | 26,462 |  |  | 22,931 |
Total product sales, net |  | 81,510 |  |  | 78,886 |  |  | 159,551 |  |  | 137,469 |
Revenues under collaborative agreements |  |  |  |  |  |  |  |
Upfront license and target nomination fees |  | — |  |  | — |  |  | 220 |  |  | — |
Event-based development and regulatory milestones and other fees |  | 24,500 |  |  | 25,500 |  |  | 24,500 |  |  | 39,500 |
Sales-based milestones |  | 10,000 |  |  | — |  |  | 25,000 |  |  | — |
Device licensing and development revenue |  | 4,070 |  |  | 2,049 |  |  | 7,478 |  |  | 4,752 |
Total revenues under collaborative agreements |  | 38,570 |  |  | 27,549 |  |  | 57,198 |  |  | 44,252 |
Total revenues |  | $ | 325,719 |  |  | $ | 231,353 |  |  | $ | 590,580 |  |  | $ | 427,232 |
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):
|  | June 30, 2025 |  | December 31, 2024
Accounts receivable, net |  | $ | 315,073 |  |  | $ | 288,204 |
Other contract assets |  | 1,266 |  |  | 20,251 |
Deferred revenues |  | 8,373 |  |  | 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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