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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 115,848 $ 69,331
Marketable securities 347,742 384,281
Accounts receivable, net 145,640 142,077
Inventories, net 49,423 54,293
Prepaid expenses and other current assets 28,931 36,088
Total current assets 687,584 686,070
Property and equipment, net 11,338 11,545
Intangible assets, net 502,126 521,912
Goodwill 117,019 117,019
Other assets 29,223 31,527
Total assets 1,347,290 1,368,073
Current liabilities    
Accounts payable and accrued liabilities 76,891 76,352
Accrued product returns and rebates 170,133 168,705
Contingent consideration, current portion 30,000 47,340
Other current liabilities 4,748 0
Total current liabilities 281,772 292,397
Operating lease liabilities, long-term 26,368 27,382
Deferred income tax liabilities, net 981 4,961
Other liabilities 7,464 7,600
Total liabilities 316,585 332,340
Commitments and contingencies (Note 15)
Stockholders’ equity    
Common stock, $0.001 par value; 130,000,000 shares authorized; 55,989,248 and 55,743,095 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 56 56
Additional paid-in capital 486,209 479,440
Accumulated other comprehensive loss, net of tax (159) (189)
Retained earnings 544,599 556,426
Total stockholders’ equity 1,030,705 1,035,733
Total liabilities and stockholders’ equity $ 1,347,290 $ 1,368,073