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Revenue (Tables) | 9 Months Ended
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Sep. 30, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | Our disaggregated revenues were as follows (in thousands):
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Royalties |  | $ | 236,038 |  |  | $ | 155,061 |  |  | $ | 609,869 |  |  | $ | 400,572 |
Product sales, net |  |  |  |  |  |  |  |
Proprietary product sales |  | 52,242 |  |  | 39,925 |  |  | 135,035 |  |  | 119,319 |
Bulk rHuPH20 sales |  | 32,491 |  |  | 31,493 |  |  | 82,787 |  |  | 66,637 |
Device partnered product sales |  | 9,495 |  |  | 15,241 |  |  | 35,957 |  |  | 38,172 |
Total product sales, net |  | 94,228 |  |  | 86,659 |  |  | 253,779 |  |  | 224,128 |
Revenues under collaborative agreements |  |  |  |  |  |  |  |
Upfront license and target nomination fees |  | — |  |  | 27,000 |  |  | 220 |  |  | 27,000 |
Event-based development and regulatory milestones and other fees |  | — |  |  | 18,000 |  |  | 24,500 |  |  | 57,500 |
Sales-based milestones |  | 20,000 |  |  | — |  |  | 45,000 |  |  | — |
Device licensing and development revenue |  | 3,998 |  |  | 3,364 |  |  | 11,476 |  |  | 8,116 |
Total revenues under collaborative agreements |  | 23,998 |  |  | 48,364 |  |  | 81,196 |  |  | 92,616 |
Total revenues |  | $ | 354,264 |  |  | $ | 290,084 |  |  | $ | 944,844 |  |  | $ | 717,316 |
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):
|  | September 30, 2025 |  | December 31, 2024
Accounts receivable, net |  | $ | 343,535 |  |  | $ | 288,204 |
Other contract assets |  | 2,500 |  |  | 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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