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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 150,096 $ 70,565
Marketable securities 135,767 92,198
Accounts receivable, net 233,949 228,540
Inventory 38,052 35,560
Prepaid expenses and other current assets 36,156 30,394
Restricted cash 19,850 25,000
Total current assets 613,870 482,257
Property and equipment, net 12,249 14,329
Operating lease assets 4,432 5,822
Intangible assets, net 724,983 891,402
Restricted cash 1,054 1,047
Deferred tax assets 102,477 98,033
Other noncurrent assets 2,338 8,368
Goodwill 145,925 162,333
Total assets 1,607,328 1,663,591
Current liabilities    
Accounts payable 7,647 3,934
Accrued liabilities 51,468 72,124
Accrued rebates, returns and discounts 309,608 338,642
Current portion of term notes payable 64,583 64,583
Current portion of operating lease liabilities 1,372 1,271
Business combination consideration payable 17,565 28,956
Contingent consideration 19  
Deferred revenue 667  
Total current liabilities 452,929 509,510
Term notes payable, net of current portion 505,583 550,733
Convertible senior notes 237,950 237,172
Operating lease liabilities, net of current portion 4,501 5,539
Deferred royalty obligation 122,279 120,613
Deferred revenue, net of current portion 9,278 10,000
Contingent consideration, net of current portion   1,182
Total liabilities 1,332,520 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; 40,629,601 issued and 31,600,879 outstanding shares as of September 30, 2025 and 39,646,749 issued and 31,440,155 outstanding shares as of December 31, 2024 41 40
Additional paid-in capital 615,077 590,251
Treasury stock, at cost; 9,028,722 shares as of September 30, 2025 and 8,206,594 shares as of December 31, 2024 (222,510) (197,505)
Accumulated other comprehensive income 292 55
Accumulated deficit (118,092) (163,999)
Total shareholders' equity 274,808 228,842
Total liabilities and shareholders' equity $ 1,607,328 $ 1,663,591