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SEGMENT REPORTING | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING We operate in a single reportable segment. The CODM primarily uses aggregated net loss as reported on the condensed statements of operations and comprehensive loss to measure segment loss, supplemented by certain additional significant expense details reflected in the table below. There have been no changes in the determination of segmentation or the measurements used to determine reported segment loss discussed in our 2024 Form 10-K. See Note 17. Segment Reporting of our 2024 Form 10-K for more discussion on our segment reporting. Detailed information regarding our single operating segment’s significant revenues, expenses and operating loss is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Revenues |  |  |  |  |  |  |
Product sales, net | $ | 90,077 |  |  | $ | 72,591 |  |  | $ | 157,891 |  |  | $ | 116,103 |
Other revenues(1) | 7,585 |  |  | 631 |  |  | 13,885 |  |  | 3,142 |
Total revenues | 97,662 |  |  | 73,222 |  |  | 171,776 |  |  | 119,245 |
Less |  |  |  |  |  |  |
Cost of product sales | 3,245 |  |  | 1,405 |  |  | 5,585 |  |  | 2,418 |
Other cost of revenue | 9,158 |  |  | 8,031 |  |  | 19,121 |  |  | 14,146 |
Total cost of goods sold | 12,403 |  |  | 9,436 |  |  | 24,706 |  |  | 16,564 |
Research and development(2) | 12,661 |  |  | 9,691 |  |  | 23,203 |  |  | 17,481 |
Selling expenses(2) | 57,952 |  |  | 41,840 |  |  | 114,752 |  |  | 76,692 |
General and administrative expenses(2) | 13,704 |  |  | 10,560 |  |  | 27,608 |  |  | 19,529 |
Stock-based compensation | 11,687 |  |  | 10,769 |  |  | 23,775 |  |  | 18,385 |
Other segment expenses(3) | 3,650 |  |  | 4,556 |  |  | 8,476 |  |  | 8,902 |
Total operating expenses | 99,654 |  |  | 77,416 |  |  | 197,814 |  |  | 140,989 |
Consolidated loss from operations | (14,395) |  |  | (13,630) |  |  | (50,744) |  |  | (38,308) |
Other reconciliation items(4) | (4,684) |  |  | (2,824) |  |  | (9,479) |  |  | (4,664) |
Consolidated net loss | $ | (19,079) |  |  | $ | (16,454) |  |  | $ | (60,223) |  |  | $ | (42,972) |
(1)“Other revenues” includes revenues from our collaboration partnerships, including licensing revenue, product supply revenue and non-cash royalty revenue related to the sale of future royalties. (2)Research and development, selling and general administrative expenses herein do not include certain allocated items, such as stock-based compensation expenses. (3)“Other segment expenses” primarily consists of allocated facilities, information technology and employee costs of approximately $3.2 million and $7.9 million for the three and six months ended June 30, 2025, and $4.6 million and $8.3 million for the three and six months ended June 30, 2024, respectively. (4)“Other reconciliation items” includes interest expense, non-cash interest expense related to the sale of future royalties, provision for income taxes and other income, net.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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