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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 117,348 $ 70,565
Marketable securities 104,805 92,198
Accounts receivable, net 213,023 228,540
Inventory 38,148 35,560
Prepaid expenses and other current assets 56,037 30,394
Restricted cash 19,850 25,000
Total current assets 549,211 482,257
Property and equipment, net 12,903 14,329
Operating lease assets 5,263 5,822
Intangible assets, net 780,456 891,402
Restricted cash 1,050 1,047
Deferred tax assets 91,967 98,033
Other noncurrent assets 3,845 8,368
Goodwill 147,936 162,333
Total assets 1,592,631 1,663,591
Current liabilities    
Accounts payable 10,890 3,934
Accrued liabilities 59,436 72,124
Accrued rebates, returns and discounts 310,758 338,642
Current portion of term notes payable 64,583 64,583
Current portion of operating lease liabilities 1,338 1,271
Business combination consideration payable 17,566 28,956
Contingent consideration 38  
Total current liabilities 464,609 509,510
Term notes payable, net of current portion 520,648 550,733
Convertible senior notes 237,688 237,172
Operating lease liabilities, net of current portion 4,853 5,539
Deferred royalty obligation 122,627 120,613
Deferred revenue 10,000 10,000
Contingent consideration   1,182
Total liabilities 1,360,425 1,434,749
Commitments and contingencies (refer to Note 16)
Shareholders' equity:    
Preferred stock, $0.001 par value; authorized shares - 5,000,000
Common stock, $0.001 par value; authorized shares - 100,000,000; 40,448,147 issued and 31,549,272 outstanding shares as of June 30, 2025 and 39,646,749 issued and 31,440,155 outstanding shares as of December 31, 2024 40 40
Additional paid-in capital 598,938 590,251
Treasury stock, at cost; 8,898,875 shares as of June 30, 2025 and 8,206,594 shares as of December 31, 2024 (217,510) (197,505)
Accumulated other comprehensive income 337 55
Accumulated deficit (149,599) (163,999)
Total shareholders' equity 232,206 228,842
Total liabilities and shareholders' equity $ 1,592,631 $ 1,663,591