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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 338,341 $ 242,077
Short-term investments 1,901,830 2,055,579
Contracts receivable 24,608 92,188
Inventories 10,470 12,512
Other current assets 243,744 217,934
Total current assets 2,518,993 2,620,290
Property, plant and equipment, net 106,117 94,251
Right-of-use assets 241,993 161,856
Deposits and other assets 165,988 127,278
Total assets 3,033,091 3,003,675
Current liabilities:    
Accounts payable 14,326 42,964
Accrued compensation 57,019 69,614
Accrued liabilities 99,310 108,438
Income taxes payable 101 34
0 percent convertible senior notes, net 630,911 0
Current portion of deferred contract revenue 76,986 78,989
Other current liabilities 24,803 9,279
Total current liabilities 903,456 309,318
Long-term deferred contract revenue 107,906 156,504
Liability related to sale of future royalties, net 545,182 542,212
Long-term lease liabilities 262,672 161,805
Long-term obligations 28,785 51,924
Total liabilities 2,415,124 2,415,324
Stockholders’ equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized, 161,137,930 and 157,908,815 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 161 158
Additional paid-in capital 3,045,585 2,868,812
Accumulated other comprehensive income (25,978) (30,811)
Accumulated deficit (2,401,801) (2,249,808)
Total stockholders' equity 617,967 588,351
Total liabilities and stockholders’ equity 3,033,091 3,003,675
1.75 Percent Convertible Senior Notes [Member]    
Current liabilities:    
Convertible senior notes, net 567,123 565,026
0 Percent Convertible Senior Notes [Member]    
Current liabilities:    
Convertible senior notes, net $ 0 $ 628,535