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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 61,738 $ 86,952
Accounts receivable, net 47,709 47,682
Inventories 26,457 12,158
Prepaid expenses 4,792 3,349
Other current assets 4,274 1,201
Total current assets 144,970 151,342
Property and equipment, net 3,653 3,222
Operating lease right-of-use assets 7,827 7,185
Intangible assets, net 49,347 48,754
Goodwill 21,208 21,208
Other assets 1,798 858
Total assets 228,803 232,569
Current liabilities    
Accounts payable 23,312 9,236
Accrued expenses 27,949 40,791
Current portion of operating lease liabilities 2,392 1,718
Current portion of contingent royalty obligation payable to Evolus Founders 10,097 11,215
Total current liabilities 63,750 62,960
Long-term portion of operating lease liabilities 7,039 6,755
Long-term portion of contingent royalty obligation payable to Evolus Founders 28,489 33,550
Long-term portion of term loan, net of discount and issuance costs 145,475 121,506
Contingent milestone payment 2,681 2,270
Deferred tax liability 21 6
Total liabilities 247,455 227,047
Commitments and contingencies (Note 9)
Stockholders’ equity (deficit)    
Preferred stock, $0.00001 par value; 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 0 0
Common stock, $0.00001 par value; 100,000,000 shares authorized; 64,638,978 and 63,497,548 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 1 1
Additional paid-in capital 627,379 615,825
Accumulated other comprehensive loss (599) (905)
Accumulated deficit (645,433) (609,399)
Total stockholders’ equity (deficit) (18,652) 5,522
Total liabilities and stockholders’ equity (deficit) $ 228,803 $ 232,569