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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 217,797 $ 144,861
Restricted cash 36 33
Accounts receivable, net of $120,421 and $127,824 of adjustments for chargebacks and other allowances at June 30, 2025 and December 31, 2024, respectively 225,654 221,726
Inventories 138,315 136,782
Prepaid expenses and other current assets 15,110 17,975
Investment in equity securities 5,718 6,307
Total Current Assets 602,630 527,684
Non-current Assets    
Property and equipment, net 59,247 56,863
Deferred tax assets, net of deferred tax liabilities and valuation allowance 92,025 85,106
Intangible assets, net 520,320 541,834
Goodwill 60,533 59,990
Derivatives and other non-current assets 8,246 12,220
Total Assets 1,343,001 1,283,697
Current Liabilities    
Current debt, net of deferred financing costs 13,216 9,172
Accounts payable 54,569 45,656
Accrued royalties 36,030 22,626
Accrued compensation and related expenses 32,933 37,725
Accrued government rebates 32,866 18,714
Income taxes payable 3,294 6,749
Returned goods reserve 48,683 39,274
Current contingent consideration 483 29
Accrued expenses and other 14,761 13,735
Total Current Liabilities 236,835 193,680
Non-current Liabilities    
Non-current debt, net of deferred financing costs and current component 301,484 309,108
Non-current convertible notes, net of deferred financing costs 306,862 305,812
Non-current contingent consideration, net of current 18,089 19,825
Accrued licensor payments due 11,428 20,961
Other non-current liabilities 6,696 5,781
Total Liabilities 881,394 855,167
Commitments and Contingencies (Note 15)
Mezzanine Equity    
Convertible Preferred Stock, Series A, $0.0001 par value, 1,666,667 shares authorized; 25,000 shares issued and outstanding at June 30, 2025 and December 31, 2024 24,850 24,850
Stockholders’ Equity    
Common Stock, $0.0001 par value, 66,000,000 shares authorized; 22,322,436 shares issued and 21,720,451 outstanding at June 30, 2025; $0.0001 par value, 33,333,334 shares authorized 21,537,707 shares issued and 21,108,152 shares outstanding at December 31, 2024 2 2
Class C Special Stock, $0.0001 par value, 781,281 shares authorized; 10,864 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 0 0
Preferred Stock, $0.0001 par value, 1,666,667 shares authorized; 0 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 0 0
Treasury stock, 601,985 shares of common stock, at cost, at June 30, 2025 and 429,555 shares of common stock, at cost, at December 31, 2024 (31,594) (21,040)
Additional paid-in capital 541,899 519,653
Accumulated deficit (76,862) (100,279)
Accumulated other comprehensive income, net of tax 3,312 5,344
Total Stockholders’ Equity 436,757 403,680
Total Liabilities, Mezzanine Equity, and Stockholders’ Equity $ 1,343,001 $ 1,283,697