SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Information Regarding Operating Segment

Detailed information regarding our single operating segment’s significant revenues, expenses and operating loss is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2025		2024		2025		2024
Revenues
Product sales, net	$	90,077	$	72,591	$	157,891	$	116,103
Other revenues(1)	7,585		631		13,885		3,142
Total revenues	97,662		73,222		171,776		119,245
Less
Cost of product sales	3,245		1,405		5,585		2,418
Other cost of revenue	9,158		8,031		19,121		14,146
Total cost of goods sold	12,403		9,436		24,706		16,564
Research and development(2)	12,661		9,691		23,203		17,481
Selling expenses(2)	57,952		41,840		114,752		76,692
General and administrative expenses(2)	13,704		10,560		27,608		19,529
Stock-based compensation	11,687		10,769		23,775		18,385
Other segment expenses(3)	3,650		4,556		8,476		8,902
Total operating expenses	99,654		77,416		197,814		140,989
Consolidated loss from operations	(14,395)		(13,630)		(50,744)		(38,308)
Other reconciliation items(4)	(4,684)		(2,824)		(9,479)		(4,664)
Consolidated net loss	$	(19,079)	$	(16,454)	$	(60,223)	$	(42,972)

(1)“Other revenues” includes revenues from our collaboration partnerships, including licensing revenue, product supply revenue and non-cash royalty revenue related to the sale of future royalties.

(2)Research and development, selling and general administrative expenses herein do not include certain allocated items, such as stock-based compensation expenses.

(3)“Other segment expenses” primarily consists of allocated facilities, information technology and employee costs of approximately $3.2 million and $7.9 million for the three and six months ended June 30, 2025, and $4.6 million and $8.3 million for the three and six months ended June 30, 2024, respectively.

(4)“Other reconciliation items” includes interest expense, non-cash interest expense related to the sale of future royalties, provision for income taxes and other income, net.