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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Summary of Significant Segment Expenses

The Company’s significant segment expenses that are regularly provided to the Company’s CODM are as follows:

		Three Months Ended								Six Months Ended
		June 30,								June 30,
(In thousands)		2026				2025				2026				2025
REVENUES:
Total revenue		$	496,009			$	390,657			$	888,920			$	697,167
EXPENSES:
Cost of goods manufactured and sold (exclusive of amortization of acquired intangible assets shown below)			98,112				49,460				159,690				98,657
External R&D expenses:
Development programs:
Alixorexton			28,797				23,795				54,294				41,649
LYBALVI			4,939				5,050				9,388				8,901
LUMRYZ			4,710				—				7,633				—
Other orexin programs			15,090				2,709				21,944				6,178
Other external R&D expenses			13,832				7,880				24,938				15,384
Total external R&D expenses			67,368				39,434				118,197				72,112
Internal R&D expenses:
Employee-related			37,013				30,651				80,627				62,005
Occupancy			3,335				3,308				6,599				6,455
Depreciation			1,850				1,474				3,537				2,942
Other internal R&D expenses			3,354				2,503				7,305				5,673
Total internal R&D expenses			45,552				37,936				98,068				77,075
R&D expenses			112,920				77,370				216,265				149,187
Selling, general and administrative expenses:
Selling and marketing expense			154,364				121,175				309,276				244,109
General and administrative expense			63,261				49,674				172,942				98,444
Total selling, general and administrative expense			217,625				170,849				482,218				342,553
Other segment (expense) income (1)			(66,851	)			(5,880	)			(96,726	)			2,792
NET (LOSS) INCOME			501				87,098				(65,979	)			109,562

(1)“Other segment (expense) income” during the three and six months ended June 30, 2026 and 2025, includes “Amortization of acquired intangible assets”, “Change in fair value of contingent consideration”, “Total other (expense) income, net” and “Income tax provision (benefit)”.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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