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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 231,252 $ 70,565
Marketable securities 155,427 92,198
Accounts receivable, net 211,328 228,540
Inventory 40,912 35,560
Prepaid expenses and other current assets 32,642 30,394
Restricted cash 19,850 25,000
Total current assets 691,411 482,257
Property and equipment, net 12,013 14,329
Operating lease right-of-use assets 4,187 5,822
Intangible assets, net 669,510 891,402
Restricted cash 1,056 1,047
Deferred tax assets 112,539 98,033
Other noncurrent assets 20,193 8,368
Goodwill 145,925 162,333
Total assets 1,656,834 1,663,591
Current liabilities    
Accounts payable 10,659 3,934
Accrued liabilities 62,464 72,124
Accrued rebates, returns and discounts 318,266 338,642
Current portion of term notes payable 29,000 64,583
Current portion of operating lease liabilities 1,407 1,271
Business combination consideration payable 17,565 28,956
Deferred revenue 667 0
Total current liabilities 440,028 509,510
Term notes payable, net of current portion 542,112 550,733
Convertible senior notes 238,213 237,172
Operating lease liabilities, net of current portion 4,132 5,539
Deferred royalty obligation 121,563 120,613
Deferred revenue, net of current portion 9,111 10,000
Contingent consideration 0 1,182
Total liabilities 1,355,159 1,434,749
Commitments and contingencies (refer to Note 13)
Shareholders’ equity:    
Preferred stock, $0.001 par value; authorized shares - 5,000,000 0 0
Common stock, $0.001 par value; authorized shares - 100,000,000; 40,736,330 issued and 31,707,608 outstanding shares as of December 31, 2025 and 39,646,749 issued and 31,440,155 outstanding shares as of December 31, 2024 41 40
Additional paid-in capital 624,954 590,251
Treasury stock, at cost; 9,028,722 shares as of December 31, 2025 and 8,206,594 shares as of December 31, 2024 (222,510) (197,505)
Accumulated other comprehensive income 319 55
Accumulated deficit (101,129) (163,999)
Total shareholders’ equity 301,675 228,842
Total liabilities and shareholders’ equity $ 1,656,834 $ 1,663,591