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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 84,078 $ 104,713
Restricted cash 579 210
Short-term investments 128,795 216,137
Trade receivables 91,325 79,069
Inventory, net 5,232 8,087
Prepaid expenses and other current assets 16,502 13,752
Total current assets 355,684 421,968
Long-term inventory, net 23,390 23,187
Property and equipment, net 8,396 7,777
Long-term investments 39,669 20,323
Right of use assets 10,840 12,008
Other assets 4,387 5,157
Total assets 446,424 490,420
Current liabilities:    
Accounts payable 5,567 11,644
Accrued expenses 118,778 113,292
Operating lease liabilities 348 937
Finance lease liabilities 1,435 1,835
Royalty financing obligations 37,686 32,676
Total current liabilities 190,237 160,384
Operating lease liabilities 8,425 7,924
Finance lease liabilities 1,742 2,124
Royalty financing obligations 439,107 481,053
Secured term loan 194,366 314,869
Total liabilities 834,313 966,354
Stockholders’ deficit:    
Preferred stock, $0.01 par value; shares authorized - 5,000; no shares issued and outstanding at September 30, 2025 and December 31, 2024 0 0
Common stock, $0.01 par value; shares authorized - 450,000; shares issued and outstanding – 210,522 at September 30, 2025 and 208,543 at December 31, 2024 2,105 2,085
Additional paid-in capital 1,360,890 1,291,100
Accumulated other comprehensive income 1,140 921
Accumulated deficit (1,752,024) (1,770,040)
Total stockholders’ deficit (387,889) (475,934)
Total liabilities and stockholders’ deficit 446,424 490,420
Disposal Group, Held-for-Sale, Not Discontinued Operations    
Current assets:    
Current assets held for sale 29,173 0
Non-current assets held for sale 4,058 0
Current liabilities:    
Current liabilities held for sale 26,423 0
Non-current liabilities held for sale $ 436 $ 0