XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenues $ 178,875 $ 186,704 $ 1,354,971 $ 396,822
Operating expenses:        
Cost of product, collaboration and license sales, excluding amortization of acquired intangible assets 11,420 15,527 24,282 30,267
Amortization of acquired intangible assets 4,061 2,865 7,859 54,395
Research and development 112,990 132,169 221,963 248,298
Selling, general and administrative 85,262 69,500 166,223 142,772
Change in the fair value of contingent consideration   5,100 (800) 5,000
Tangible asset impairment and losses (gains) on transactions, net 99 1,761 176 1,761
Total operating expenses 213,832 226,922 419,703 482,493
(Loss) income from operations (34,957) (40,218) 935,268 (85,671)
Interest expense, net (30,358) (43,490) (64,450) (84,324)
Other expense, net (5,737) (2,025) (12,042) (434)
(Loss) income before income tax benefit (expense) (71,052) (85,733) 858,776 (170,429)
Income tax benefit (expense) 6,203 (13,446) (57,063) (20,326)
Net (loss) income attributable to common stockholders $ (64,849) $ (99,179) $ 801,713 $ (190,755)
Weighted-average shares outstanding:        
Basic (in shares) 78,151,240 76,725,070 78,438,830 76,610,598
Diluted (in shares) 78,151,240 76,725,070 86,502,578 76,610,598
Net (loss) income per share-basic and diluted (in dollars per share)        
Basic $ (0.83) $ (1.29) $ 10.22 $ (2.49)
Diluted $ (0.83) $ (1.29) $ 9.29 $ (2.49)
Net product revenue        
Revenues:        
Total revenues $ 118,329 $ 133,220 $ 271,755 $ 310,824
Collaboration and license revenue        
Revenues:        
Total revenues 2,941   989,172  
Royalty revenue        
Revenues:        
Total revenues 57,605 53,183 94,044 84,337
Manufacturing revenue        
Revenues:        
Total revenues $ 0 $ 301 $ 0 $ 1,661