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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue        
Total revenue $ 73,468 $ 67,771 $ 205,941 $ 175,266
Operating expenses        
Cost of revenue 8,177 6,035 23,866 22,696
Selling, general and administrative 26,182 42,367 72,539 134,996
Research and development 8,435 3,047 21,610 12,678
Restructuring 0 0 1,647 7,755
Other expense, net 929 4,574 14,604 159
Total operating expenses 43,723 56,023 134,266 178,284
Income (loss) from operations 29,745 11,748 71,675 (3,018)
Interest income 3,316 4,267 10,075 12,982
Interest expense (1,099) (1,208) (3,283) (3,689)
Net income before income taxes 31,962 14,807 78,467 6,275
Income tax expense 411 457 2,059 1,952
Net income 31,551 14,350 76,408 4,323
Other comprehensive income:        
Unrealized gain (loss) on available-for-sale securities 156 474 (102) 345
Comprehensive income $ 31,707 $ 14,824 $ 76,306 $ 4,668
Earnings per share        
Basic (in usd per share) $ 0.24 $ 0.10 $ 0.57 $ 0.03
Diluted (in usd per share) $ 0.23 $ 0.10 $ 0.55 $ 0.03
Shares used in computing earnings per share        
Basic (in shares) 131,808 143,051 135,163 143,353
Diluted (in shares) 136,008 145,651 138,959 145,010
Net product sales        
Revenue        
Total revenue $ 70,627 $ 55,503 $ 197,172 $ 158,604
License, collaboration and royalty revenue        
Revenue        
Total revenue $ 2,841 $ 12,268 $ 8,769 $ 16,662