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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Revenue, Segment Profit and Segment Expenses

The following table illustrates reported segment revenue, segment profit and significant segment expenses (in thousands):

		Three Months Ended September 30,								Nine Months Ended September 30,
		2025				2024				2025				2024
NUPLAZID net revenue		$	177,530			$	159,186			$	505,730			$	446,518
DAYBUE net revenue			101,103				91,215				281,786				251,677
Total revenues			278,633				250,401				787,516				698,195
Less:
Cost of goods sold			8,041				7,357				25,636				24,861
License fees and royalties			13,606				11,500				37,137				35,177
Research and development expense:
External research and development			60,153				48,137				169,457				141,007
Internal costs(1)			24,676				17,969				71,588				55,011
Upfront and milestone payments			3,000				500				3,000				6,500
Total research and development expense			87,829				66,606				244,045				202,518
Selling, general and administrative			133,401				133,294				393,278				358,348
Interest income, net			(8,246	)			(6,586	)			(23,390	)			(18,451	)
Other income			(593	)			(576	)			(1,775	)			(1,248	)
Income tax (benefit) expense			(27,184	)			6,041				(4,847	)			14,281
Consolidated net income		$	71,779			$	32,765			$	117,432			$	82,709

_______________

(1)Includes personnel expenses and costs allocated to multiple research and development programs, including benefits, information technology, facilities and inventory.

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

+ Details

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