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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Revenue $ 156,797 $ 108,631 $ 294,582 $ 188,489
Operating expenses:        
Cost of goods sold 18,603 12,322 36,471 22,905
Collaboration expenses 52,418 30,014 96,208 50,815
Research and development 18,753 24,017 38,078 50,351
Selling, general and administrative 46,863 42,395 90,393 81,077
Total operating expenses 136,637 108,748 261,150 205,148
Income (loss) from operations 20,160 (117) 33,432 (16,659)
Other income 2,717 2,421 5,010 4,687
Income (loss) before income taxes 22,877 2,304 38,442 (11,972)
Provision for income taxes (5,045) (6,212) (12,071) (9,640)
Net income (loss) $ 17,832 $ (3,908) $ 26,371 $ (21,612)
Net income (loss) per share attributable to ordinary shareholders, basic $ 0.24 $ (0.06) $ 0.36 $ (0.31)
Net income (loss) per share attributable to ordinary shareholders, diluted $ 0.23 $ (0.06) $ 0.34 $ (0.31)
Weighted average ordinary shares outstanding, basic 73,438,530 71,004,640 73,041,920 70,818,831
Weighted average ordinary shares outstanding, diluted 77,942,082 71,004,640 76,984,393 70,818,831
Comprehensive income (loss)        
Net income (loss) $ 17,832 $ (3,908) $ 26,371 $ (21,612)
Other comprehensive income (loss)        
Unrealized gain (loss) on short-term investments and currency translation adjustments, net of tax 112 (77) 110 (136)
Total other comprehensive income (loss) 112 (77) 110 (136)
Total comprehensive income (loss) 17,944 (3,985) 26,481 (21,748)
Product revenue, net        
Revenue:        
Revenue $ 156,797 103,394 $ 294,582 182,279
License and collaboration revenue        
Revenue:        
Revenue   $ 5,237   $ 6,210