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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 49,792 $ 53,826
Accounts receivable, net 52,219 54,697
Inventories 24,796 26,963
Prepaid expenses 4,617 3,757
Other current assets 7,500 3,674
Total current assets 138,924 142,917
Property and equipment, net 5,335 5,371
Operating lease right-of-use assets 6,790 7,133
Intangible assets, net 46,741 48,040
Goodwill 21,208 21,208
Other assets 1,648 1,199
Total assets 220,646 225,868
Current liabilities    
Accounts payable 19,529 23,360
Accrued expenses 31,879 35,591
Current portion of operating lease liabilities 2,551 2,529
Current portion of contingent royalty obligation payable to Evolus Founders 12,763 12,523
Current portion of contingent milestone payment 1,302 1,302
Total current liabilities 68,024 75,305
Long-term portion of operating lease liabilities 5,938 6,371
Long-term portion of contingent royalty obligation payable to Evolus Founders 17,512 19,659
Long-term debt 156,414 146,096
Long-term portion of contingent milestone payment 1,516 1,515
Deferred tax liability 23 28
Total liabilities 249,427 248,974
Commitments and contingencies (Note 9)
Stockholders’ equity (deficit)    
Preferred stock, $0.00001 par value; 10,000,000 shares authorized; no shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively $ 0 $ 0
Common stock, shares, issued (in shares) 65,839,803 65,008,183
Common stock, $0.00001 par value; 100,000,000 shares authorized; 65,839,803 and 65,008,183 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively $ 1 $ 1
Additional paid-in capital 643,210 638,089
Accumulated other comprehensive loss (278) (156)
Accumulated deficit (671,714) (661,040)
Total stockholders’ equity (deficit) (28,781) (23,106)
Total liabilities and stockholders’ equity (deficit) $ 220,646 $ 225,868