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Inventory, Net.
9 Months Ended
Sep. 30, 2025
Inventory Disclosure [Abstract]  
Inventory, Net.
5.
Inventory, Net.

Inventory, net consists of the following (in thousands):

 

 

September 30, 2025

 

 

December 31, 2024

 

Raw materials

 

$

12,139

 

 

$

6,518

 

Work-in-process

 

 

4,598

 

 

 

3,445

 

Finished goods

 

 

11,292

 

 

 

9,578

 

Total inventory, net

 

$

28,029

 

 

$

19,541

 

The Company identified approximately $0.5 million in unsalable product which is included in prepaid expenses and other current assets in the consolidated balance sheet at September 30, 2025 as the Company believes it will be reimbursed. The Company's inventory reserve was approximately $0.2 million and $0.4 million during the three and nine months ended September 30, 2025, respectively, and was recorded within cost of sales in the consolidated statements of operations and relates to slow-moving FYCOMPA® inventory. There were no inventory reserves during the three and nine months ended September 30, 2024.