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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Sep. 30, 2024
Current assets:    
Cash and cash equivalents $ 32,298 $ 37,233
Short-term marketable securities 156,566 210,953
Accounts receivable 6,882 6,646
Prepaid expenses and other current assets 8,590 12,413
Income tax receivable 0 31,999
Short-term restricted cash 0 608
Total current assets 204,336 299,852
Property and equipment, net 35,395 32,688
Operating lease, right-of-use assets 37,549 40,658
Long-term restricted cash 3,360 3,360
Other long-term assets 92 94
Total assets 280,732 376,652
Current liabilities:    
Accounts payable 1,948 8,002
Accrued expenses and other current liabilities 12,751 13,547
Liability related to the sale of future royalties 30,710 34,462
Operating lease liabilities 3,146 1,524
Total current liabilities 48,555 57,535
Liability related to the sale of future royalties, net of current portion 111,132 134,779
Operating lease liabilities, net of current portion 54,757 53,943
Series 1 nonconvertible preferred stock 1,311 1,350
Other long-term liabilities 260 231
Total liabilities 216,015 247,838
Commitments and contingencies (Note 13)
Stockholders' equity:    
Common stock; $0.01 par value per share, 100,000 shares authorized; 21,387 and 21,194 shares issued and outstanding at September 30, 2025 and September 30, 2024, respectively 214 212
Additional paid-in capital 469,771 451,340
Accumulated other comprehensive (loss) gain (339) 302
Accumulated deficit (404,929) (323,040)
Total stockholders' equity 64,717 128,814
Total liabilities and stockholders' equity $ 280,732 $ 376,652