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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total revenues $ 211,007 $ 196,786 $ 1,565,978 $ 593,608
Operating expenses:        
Cost of product, collaboration and license sales, excluding amortization of acquired intangible assets 15,781 10,848 40,063 41,115
Amortization of acquired intangible assets 7,534 3,036 15,393 57,431
Research and development 100,158 161,412 322,121 409,710
Selling, general and administrative 84,046 73,456 250,269 216,228
Change in the fair value of contingent consideration   700 (800) 5,700
Tangible asset impairment and losses (gains) on transactions, net 472 1,844 648 3,605
Total operating expenses 207,991 251,296 627,694 733,789
Income (loss) from operations 3,016 (54,510) 938,284 (140,181)
Interest expense, net (32,592) (41,609) (97,042) (125,933)
Other income (expense), net 6,502 (1,872) (5,540) (2,306)
(Loss) income before income tax benefit (expense) (23,074) (97,991) 835,702 (268,420)
Income tax benefit (expense) 38,970 (8,663) (18,093) (28,989)
Net income (loss) attributable to common stockholders $ 15,896 $ (106,654) $ 817,609 $ (297,409)
Weighted-average shares outstanding:        
Basic (in shares) 78,471,119 76,925,523 78,642,478 76,716,340
Diluted (in shares) 87,115,369 76,925,523 86,899,727 76,716,340
Net income (loss) per share-basic and diluted (in dollars per share)        
Basic $ 0.2 $ (1.39) $ 10.4 $ (3.88)
Diluted $ 0.2 $ (1.39) $ 9.45 $ (3.88)
Net product revenue        
Revenues:        
Total revenues $ 130,956 $ 135,421 $ 402,711 $ 446,245
Collaboration and license revenue        
Revenues:        
Total revenues 9,258   998,430  
Royalty revenue        
Revenues:        
Total revenues 70,793 61,365 164,837 145,702
Manufacturing revenue        
Revenues:        
Total revenues $ 0 $ 0 $ 0 $ 1,661