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Revenue | 6 Months Ended
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Jun. 30, 2026
Principal Transaction Revenue [Line Items] |
Revenue | Note 3. Revenue Menarini Supply Agreement On August 12, 2025, NewAmsterdam Pharma B.V. entered into a supply agreement with A. Menarini International Licensing S.A. (“Menarini”) to provide commercial supply of Products (as defined below) for distribution in specified European territories (the “Menarini Supply Agreement”). The Company recognizes revenue from the sale of obicetrapib tablets, as a monotherapy and as a fixed-dose combination therapy with ezetimibe, or from the sale of active pharmaceutical ingredients for the manufacture of such tablets (collectively, “Products”). The Company’s product supply revenue is recognized at a point in time when the performance obligation is satisfied by transferring control of the promised goods or services to the customer and it is probable that the Company will collect the consideration to which it is entitled. In accordance with the terms of the Menarini Supply Agreement, control of the product is transferred upon the conveyance of title, which occurs when the product is made available to the customer. The transaction price is contractually fixed at a markup to the actual cost of goods sold. Due to the cost-based nature of the agreement, the pricing structure includes a variable component which is measured using the expected value method. At each reporting period end, the Company updates its estimate of the transaction price using actual cost data and forecasted expenses. The Company considers the variable consideration constraint under ASC 606 to ensure that it is probable that a significant reversal of cumulative revenue recognized will not occur. The Company will invoice the customer upon the acceptance of purchase orders, and the transaction price is not adjusted for a significant financing component as the period between the transfer of goods and payment is less than one year. The Company states revenues net of any taxes collected from customers that are required to be remitted to various government agencies. The amount of taxes collected from customers and payable to governmental entities is included on the balance sheet as part of accrued expenses and other current liabilities. Revenue consisted of the following:
|  | Three months ended June 30, |  |  | Six months ended June 30, |
(In thousands of USD) |  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
License revenue attributed from R&D performance obligation |  |  | — |  |  |  | 19,145 |  |  |  | — |  |  |  | 22,123 |
Supply revenue |  |  | 3,701 |  |  |  | — |  |  |  | 6,741 |  |  |  | — |
Total revenue |  |  | 3,701 |  |  |  | 19,145 |  |  |  | 6,741 |  |  |  | 22,123 |
The following table presents changes in the balance of the Company’s deferred revenue for the six months ended June 30, 2026:
(In thousands of USD) |  |  |
Beginning balance on January 1, 2026 |  |  | 3,987 |
Addition of deferred revenue during the period |  |  | 2,797 |
Adjustment to deferred revenue during the period |  |  | (286 | )
Revenue recognized during the period |  |  | (3,701 | )
Ending balance on June 30, 2026 |  |  | 2,797 |

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