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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 672,617 $ 779,709
Marketable securities 1,015,200 359,987
Trade and royalty receivables, net 203,074 158,554
Inventory, net 52,688 23,194
Prepaid expenses and other current assets 64,224 44,087
Total current assets 2,007,803 1,365,531
Fixed assets, net 56,970 60,970
Intangible assets, net 396,466 118,794
Goodwill 82,341 82,341
Operating lease ROU assets 80,682 56,685
Deposits and other assets 19,438 20,703
Total assets 2,643,700 1,705,024
Current liabilities:    
Accounts payable and accrued expenses 303,141 304,292
Current portion of long-term debt 286,319  
Deferred revenue 1,691 5,505
Operating lease liabilities- current 11,810 10,363
Finance lease liabilities- current 2,676 3,000
Liability for sale of future royalties- current 260,608 257,821
Total current liabilities 866,245 580,981
Long-term debt   285,412
Contingent consideration payable   800
Operating lease liabilities- noncurrent 95,488 74,947
Finance lease liabilities- noncurrent 13,833 15,574
Liability for sale of future royalties- noncurrent 1,821,313 1,823,955
Other long-term liabilities 2,579 21,426
Total liabilities 2,799,458 2,803,095
Stockholders' deficit:    
Common stock, $0.001 par value. Authorized 250,000,000 shares; issued and outstanding 79,931,766 shares at September 30, 2025. Authorized 250,000,000 shares; issued and outstanding 77,704,188 shares at December 31, 2024. 79 77
Additional paid-in capital 2,667,497 2,574,611
Accumulated other comprehensive income (loss) 5,930 (25,886)
Accumulated deficit (2,829,264) (3,646,873)
Total stockholders' deficit (155,758) (1,098,071)
Total liabilities and stockholders' deficit $ 2,643,700 $ 1,705,024