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Balance Sheet Details (Tables)

9 Months Ended

Sep. 30, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Financial Assets Measured at Fair Value on a Recurring Basis

The following table summarizes the financial assets measured at fair value on a recurring basis (in thousands):

						September 30, 2025
						Level 1						Level 2						Level 3						Total
Cash, cash equivalents and restricted cash						$	73,189					$	—					$	—					$	73,189
U.S. treasury bills						—						264,583						—						264,583
U.S. treasury bonds						—						11,846						—						11,846
Commercial paper						—						2,190						—						2,190
Total						$	73,189					$	278,619					$	—					$	351,808

						December 31, 2024
						Level 1						Level 2						Level 3						Total
Cash, cash equivalents and restricted cash						$	83,433					$	—					$	—					$	83,433
U.S. treasury bills						—						192,101						—						192,101
U.S. treasury bonds						—						81,402						—						81,402
Commercial paper						—						1,339						—						1,339
Corporate bonds						—						201						—						201
Total						$	83,433					$	275,043					$	—					$	358,476

Schedule of Carrying Amount and Related Unrealized Gains (Losses)

The carrying amount and related unrealized gains (losses) by type of investment consisted of the following (in thousands):

						September 30, 2025
						Amortized Cost						Unrealized Gains						Unrealized Losses						Estimated Fair Value
Cash, cash equivalents and restricted cash						$	73,189					$	—					$	—					$	73,189
U.S. treasury bills						264,529						54						—						264,583
U.S. treasury bonds						11,845						1						—						11,846
Commercial paper						2,190						—						—						2,190
Total cash, cash equivalents, restricted cash and short-term investments						$	351,753					$	55					$	—					$	351,808
						December 31, 2024
						Amortized Cost						Unrealized Gains						Unrealized Losses						Estimated Fair Value
Cash, cash equivalents and restricted cash						$	83,433					$	—					$	—					$	83,433
U.S. treasury bills						192,054						47						—						192,101
U.S. treasury bonds						81,292						110						—						81,402
Commercial paper						1,339						—						—						1,339
Corporate bonds						200						1						—						201
Total cash, cash equivalents, restricted cash and short-term investments						$	358,318					$	158					$	—					$	358,476

Schedule of Inventory, Net

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

						September 30, 2025						December 31, 2024
Raw materials						$	771					$	1,702
Work in process						42,637						36,623
Finished goods						1,385						903
Total inventory, net						$	44,793					$	39,228

Schedule of Prepaid Expenses and Deposits

Prepaid expenses and deposits consisted of the following (in thousands):

						September 30, 2025						December 31, 2024
Prepaid manufacturing and other deposits						$	5,674					$	5,645
Prepaid insurance						1,395						1,186
Other prepaid expenses						4,038						4,388
Total prepaid expenses and deposits						$	11,107					$	11,219

Schedule of Intangible Assets, Net

Intangible assets, net consisted of the following (in thousands):

						September 30, 2025
						Gross Carrying Value						Accumulated Amortization						Net Carrying Amount
Acquired intellectual property and reacquired right						$	15,126					$	(12,133)					$	2,993
Patents						2,308						(1,400)						908
Internal-use software implementation costs						2,873						(2,873)						—
Total intangible assets, net						$	20,307					$	(16,406)					$	3,901

						December 31, 2024
						Gross Carrying Value						Accumulated Amortization						Net Carrying Amount
Acquired intellectual property and reacquired right						$	15,126					$	(11,535)					$	3,591
Patents						2,128						(1,364)						764
Internal-use software implementation costs						2,873						(2,873)						—
Total intangible assets, net						$	20,127					$	(15,772)					$	4,355

Schedule of Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):

						September 30, 2025						December 31, 2024
Leasehold improvements						$	3,243					$	3,243
Furniture						1,155						1,155
Office equipment						631						631
Computer equipment						235						235
Total gross property and equipment						5,264						5,264
Less accumulated depreciation						(2,998)						(2,533)
Property and equipment, net						$	2,266					$	2,731

Schedule of Accrued Expenses

Accrued expenses consisted of the following (in thousands):

						September 30, 2025						December 31, 2024
Accrued sales rebates and fees						$	26,979					$	24,568
Accrued payroll and related expenses						9,763						18,639
Accrued research and development expenses						4,475						3,990
Accrued corporate and excise taxes						1,389						503
Accrued sales and marketing expenses						1,530						2,329
Accrued restructuring expenses						215						10,855
Accrued other expenses						5,185						4,087
Total accrued expenses						$	49,536					$	64,971

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Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs.

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